Mainstream Social Inclusion

May 12, 2014

Lawsuit Loans Provide a Financial Cushion When Fighting for the Full Damages You Deserve

Filed under: Finance / Financial,Legal — admin @ 9:35 am

If you are a plaintiff fighting for the compensation you deserve in a personal injury lawsuit, it may be becoming difficult to pay your bills.  Considering medical expenses, time off work spent in court, or even an inability to work because of your injuries, you may be facing a financial struggle.  Lawsuit loans are one solution you may want to consider, rather than settling for less than you deserve from those who were negligent out of financial necessity.

Other terms for lawsuit loans include settlement funding, litigation financing, and litigation funding among others.  Here is a brief explanation of how it works:

Learn if you qualify.  Most plaintiffs who have a strong case do qualify for lawsuit loans.  Applying is easy; your lawyer will provide the litigation funding company with documentation regarding the accident or circumstances which led to your injuries, and information regarding the nature and seriousness of the injuries themselves.  The funding company will then review this data to determine if you are eligible for an advance on your pending settlement.

Get your money now, when you need it.  If you are eligible for an advance, you can expect to get your money within 24 hours of applying.

No credit check or employment verification.  Unlike with conventional and other types of loans, lawsuit loans do not require that you provide personal information such as your credit rating or employment status.  The funding company simply wants to ensure that you have a strong, viable lawsuit which is likely to be won.  This helps ensure the company will be repaid for the loan.

Lawsuit loans are non-recourse.  What does this mean?  It’s simple. If you are approved for an advance and get it, you only repay the litigation funding company if you do in fact win your lawsuit.  If you do not win, you owe nothing.  There are no out-of-pocket expenses to worry about, and you will only repay the advance and any fees or interest which may apply when you have your  money.  You avoid financial risk, because you will not be responsible for repayment of the advance if you do not recover damages in court.

How much your advance will be depends on the value of your claim.  With lawsuit loans from Mayfield Settlement Funding, the amount of advance you are given is determined by how much your attorney files suit for.  In most cases you will be given an advance of about 10% of the value of your lawsuit.  This money can be used to pay household bills, medical and doctor bills, attorney fees, and more.  Essentially, you can continue forward with your lawsuit in pursuit of the full compensation you deserve, without suffering financially.

Lawsuit loans are not the ideal solution for everyone, but it may be for you.  Your attorney can provide you with more information, and help determine whether litigation funding is right for you.

March 12, 2014

Some Highlights of Personal Injury Loans

Filed under: Finance / Financial,Legal — admin @ 9:27 am

Personal injury loans, like the name implies, are loans given to those who are involved in personal injury lawsuits and who qualify.  Actually a cash advance against the money you expect to win in your lawsuit, this funding makes it possible to avoid financial stress and pay creditors, medical costs, and other expenses while you wait for your claim to be settled.  Essentially, you can live comfortably and avoid “going broke” while waiting to get the settlement you deserve for the injuries you sustained because of someone else’s negligence.

Must personal injury loans be paid back on a monthly basis?  No.  Unlike conventional bank loans, you will not repay the money monthly with litigation funding.  In fact, you pay nothing at all until your lawsuit has been won and you have your money in hand.  At that time, you will repay the advance along with any fees and/or interest that apply.  Should your attorney fail to win your lawsuit, you will not repay any of the advance because settlement funding is a no-recourse process.

How can I apply?  The application process is a simple one that your attorney must be involved in.  With personal injury loans, if you have bad credit or no credit it makes no difference.  Nor does it make a difference if you are unemployed.  The litigation funding company only wants you and your lawyer to provide information directly related to the lawsuit, such as details of the accident or circumstances that resulted in your injuries, and the injuries themselves.  Your attorney can give you further details of the application process.

Personal injury loans give those who qualify the opportunity to obtain about 10% of their expected settlement.  This means that if your attorney has filed a lawsuit for $240,000, you will likely be advanced about $24,000.  Use the advance to buy groceries, pay household utility bills, or even have your vehicle repaired if it was damaged in the accident causing your injuries.

The process is quick and simple.  Unlike with most other forms of funding, litigation funding is quick and easy.  If you qualify, you will get the money you need almost immediately – usually within 24 hours.  No red tape or mountains of paperwork, no waiting for days or weeks to get the money you so badly need.

Personal injury loans have helped tens of thousands of injured victims avoid financial disaster, foreclosure, and even bankruptcy while waiting for their lawsuit to settle.  Is litigation funding the right solution for your particular situation?  Your attorney can help answer this question, and give you more insight into the process.  It is definitely worth your time and effort to learn more about this type of funding. Contact Mayfield Settlement Funding to learn more!

August 20, 2013

Could Settlement Loans Be a Solution to Your Financial Issues?

Filed under: Finance / Financial,Legal — admin @ 2:41 pm

If you aren’t sure what settlement loans are or how they work, this article will explain the process in detail.  Actually a cash advance, this type of funding allows plaintiffs in personal injury lawsuits who qualify to get an immediate advance against their expected settlement.  While it isn’t right for every situation, litigation funding has helped many people avoid financial disaster while waiting for a lawsuit to settle.

Settlement loans are given by funding companies to those who have a strong, viable lawsuit that will likely win.  This money can be used to pay medical expenses, household bills, attorney fees and other costs while waiting for your lawsuit to settle, which can often take months or longer.  If you are approved, you will get the money you need usually within 24 hours or less.

How do you apply?  In most cases, your attorney will need to agree that this is a good option for you.  If it is, your lawyer will provide the necessary information to the litigation funding company, which includes the details of your injuries, and how they occurred.  Unlike with most other verification processes, there will be no background check, or digging into your credit standing or employment status.

Mayfield Settlement loans are also non-recourse, which is an added benefit for personal injury plaintiffs.  This simply means that you will not be required to repay the advance if for any reason you do not win your lawsuit.  If you do win, you only repay the advance when you obtain possession of your money, along with any applicable fees and interest.  Essentially, you are at no risk financially – and there are no upfront fees or out-of-pocket expenses to worry about.

How much can you get with settlement loans?  Typically you will be advanced about 10% of your expected settlement.  Use the money to pay medical bills, or even to buy groceries.  The whole purpose is to allow you to live comfortably and avoid financial distress or even possible bankruptcy while waiting for your lawsuit to complete.

Unfortunately, injured victims are often the ones who suffer most financially due to medical costs and sometimes lost wages if the injured party is unable to work.  Living for months on a shoestring budget through the course of a lawsuit sometimes just isn’t possible.  Learn more about settlement loans online, or talk to your attorney about the process today to learn if this may be a good solution to your financial issues.

August 15, 2013

Personal Injury Loans Can Protect Injured Victims Against Financial Devastation

Filed under: Finance / Financial,Legal — admin @ 2:39 pm

If you have been injured in an accident caused by the negligence of someone else and are waiting for your lawsuit to reach completion, you may want to consider personal injury loans.  Injured victims frequently find they are facing huge medical expenses, the number one reason for bankruptcy today.  If you cannot work because of your injuries, it only compounds the problem.  Litigation funding may be a good solution for you; an explanation of how it works can be found below.

What exactly are personal injury loans?  Rather than an actual loan, it is an advance against your expected settlement.  In most cases, if you are approved by the settlement funding company, you can expect an advance of approximately 10% of your anticipated settlement.  So, if you and your attorney expect to be awarded $150,000 when your lawsuit settles, you may be advanced somewhere in the vicinity of $15,000.  This money may be used to pay medical costs, household expenses, attorney fees, etc.

Who qualifies for personal injury / legal financing loans?  Anyone with a strong claim which is likely to win.  Frivolous lawsuits are not accepted.  You or your attorney will submit an application to the funding company; the information requested relates only to the accident that caused your injuries, and the extent of your injuries.  You will never be asked about employment history, credit rating, etc.

How are personal injury loans repaid?  You only repay the advance at the time you win your lawsuit and have your money, plus minimal fees and interest.  With litigation funding, there are never any out-of-pocket expenses to put you further in debt.  Should you not win your lawsuit, you are not required to repay the advance, because the process is non-recourse.  Essentially, you are at no risk financially.

How long will it take to be approved and get an advance?  In most cases, personal injury loans are given within 24 hours of approval.  Once the information is submitted, the litigation funding company will review it right away, usually the same day.  You can get the money you desperately need immediately.

Personal injury loans not only help you avoid financial problems and live comfortably for the duration of your lawsuit, they also help your attorney by having the financial resources to fight aggressively and build a strong case.  Talk to your attorney about the litigation financing process today, and whether it’s right for your situation; it could save your financial future.

August 9, 2013

Personal Injury Loans Allow Injury Victims to Ease Immediate Financial Pressures

Filed under: Finance / Financial,Legal — admin @ 2:39 pm

In short, personal injury loans are simply an advance against a pending settlement you expect from the insurance company or through a jury award.  Injury victims are often convinced to accept the offer from the insurance company, even though the amount is typically only a fraction of what you deserve.  It’s hard to turn down, particularly when you’re facing a mountain of bills.  Litigation funding helps you get the money you need for bills immediately, so that you can avoid settling for the low-ball figure the insurance company offers.

The responsible party’s insurance company will drag things out for as long as possible, hoping you will “cave in” and accept their offer.  Personal injury loans give you the money you need now, so that your attorney can continue fighting for full compensation and you can pay those medical and doctor bills, household expenses, etc.  In most cases, those who qualify can get an advance within 24 hours, sometimes even the same day.  How much will you be advanced if you do qualify?  In most cases, about 10% of your expected settlement.

Is qualifying for a personal injury loan difficult?  Not at all.  In fact, the process is quick and easy.  As long as you have a viable lawsuit (in other words one that is not frivolous), you will likely qualify.  Your lawyer will provide the litigation financing company with the required information, which pertains strictly to the accident and your resulting injuries.  Unlike with other types of loans, you are never asked to provide your credit rating, employment status or other private data.

With personal injury loans, you are never out any of your own money, because there are no up-front costs.  The minimal fees and interest that you owe the funding company will only be paid at the time you repay the loan, which is when you actually receive your settlement.  If you do not win for any reason, you owe nothing because the process is non-recourse.  Essentially, personal injury loans do not put you at further financial risk.

Without sufficient financial resources, many injury victims find they are facing severe financial issues, even bankruptcy.  Medical costs are higher than ever before; if you cannot work, it becomes difficult if not impossible to pay the bills.  If personal injury loans sound like a good solution for your situation, learn more online and fill out an application, or discuss using Mayfield litigation funding further with your attorney.

Lawsuit Loans – One Way Personal Injury Plaintiffs Can ‘Get Money Now’

Filed under: Finance / Financial,Legal — admin @ 2:15 pm

Perhaps you’ve heard of lawsuit loans on television and wondered what they are, and how they work.  Litigation financing (another term for lawsuit loans) is simply a process in which you obtain an advance against a pending settlement.  This is an ideal solution for many injured victims who find they need money immediately to pay household bills, buy groceries and meet other financial obligations.

Many people accept the first offer the insurance company throws out simply because they feel they cannot afford to hire a lawyer or pursue justice through a lawsuit.  Lawsuit loans make it possible, as you will have the money you need for attorney fees, and to pay your bills while your lawyer fights your legal battle for you.  In most cases, those who qualify can have the money they need immediately, usually within 24 hours.

What does it take to qualify for lawsuit loans?  You don’t have to have good credit, or even be employed at the time you apply.  Litigation financing companies ask only for the information regarding the accident which caused your injuries, and the injuries themselves.  You will never be required to provide background information or other personal data.

Once your application is completed by your attorney and submitted to the funding company, it will be reviewed at once.  With lawsuit loans, most people who are approved can expect to get their money by the next morning, so there is no waiting for days or even weeks.  Additionally, there are no out-of-pocket expenses or upfront fees to worry about, as you pay all associated costs (fees, interest) at the time you repay the loan, which is when you actually have your money in hand.  If for any reason you fail to win your lawsuit, you owe absolutely nothing.

How can litigation financing companies go to such risk?  Only those who have a strong case will be approved, as most funding companies will not lend against a claim that is weak or frivolous.  If you have a solid case, chances are you will be approved.  Learn more about legal financing here.

In most cases, lawsuit loans allow injured victims to obtain an advance of about 10% of their expected winnings.  For instance, if your attorney has determined the value of your claim is $150,000 and filed suit for that amount, you may expect an advance of about $15,000.  This money will help you live comfortably for the duration of your lawsuit, so that you do not face financial problems.

If you are involved in a personal injury lawsuit and having a tough time meeting your financial obligations, discuss lawsuit loans and their advantages with your lawyer.  Litigation financing is a real solution that while not right for everyone, may be right for your situation.

June 19, 2012

Personal Injury Loans Provide Immediate Cash Against a Pending Settlement for Those Who Qualify

Filed under: Finance / Financial,Legal — admin @ 9:46 am

Personal injury loans are designed to help those who have been seriously injured in an accident pay the bills and avoid financial problems while awaiting settlement.  Many injured victims find that they need money immediately, to pay medical expenses, household bills, even to buy groceries.  Actually a cash advance against your pending settlement, personal injury loans allow those who qualify to get money right away, usually within 24 hours or less.

When you are injured, the bills can start piling up before you know it.  Medical costs today are skyrocketing; if you are unable to work because of your injuries, it becomes almost impossible to meet your financial obligations.  Personal injury lawsuits are known to take months to reach completion.  In the meantime, how can you pay your bills and possibly avoid bankruptcy?  Personal injury loans are the ideal solution for those with a strong, viable case.

How do you know if you qualify?  Personal injury loans are based solely on the accident and injuries you sustained, nothing else.  Your lawyer will submit the details of your claim, which have nothing to do with your employment status, past employment, credit history or any other personal information.  The litigation funding company will then review this information to determine if your case merits a loan.  If it does, funding is typically available the same day in most cases.

Are there any out-of-pocket expenses involved?  Settlement funding companies realize that those who are in desperate financial situations do not have money to spare for fees, interest and other costs.  Therefore, you pay nothing until you are actually awarded your settlement and have money in hand.  At that time, you will repay the loan along with minimal fees and interest.  In addition, personal injury loans are non-recourse, which simply means that you do not repay the funding company unless you do receive a settlement.  In other words, if you do not win, you do not pay.

All too often injury victims accept a low-ball settlement simply because they cannot afford to wait for months for their attorney to fight for the full compensation they deserve.  Personal injury loans help relieve your financial stress, so that you can pay your bills and live comfortably while your lawyer works to secure the full damages you deserve for your injuries.  While litigation funding isn’t right for everyone, it may be just the solution you are looking for.  Talk to your attorney about the process and its benefits, or learn more online.

May 8, 2012

Settlement Loans – Financial Relief for Injury Victims Awaiting Settlement

Filed under: Finance / Financial,Legal — admin @ 3:02 pm

Are you the victim in a personal injury lawsuit?  If you are, you may find that money is dwindling fast, and you can barely pay your bills.  Settlement loans offer financial relief to injury victims who are awaiting settlement, either from the insurance company or through a jury trial.  Today, medical costs are astronomical; if you are unable to work, chances are your financial resources are quickly evaporating.  In order to avoid foreclosure or even bankruptcy, you may find litigation funding a good solution.

Can anyone qualify for settlement loans?  No.  You must have a solid, viable claim in order to be approved for a loan, and claims considered frivolous are not accepted.  However, if you do have a strong case, chances are good that you will qualify.  With settlement loans, your attorney will submit the required documentation, which pertains only to your accident and injury – no background or credit checks, employment verification, etc.  If approved for litigation funding, you will receive the money you need immediately, generally within 24 hours.

Are settlement loans really “loans?”  Actually, litigation funding is an advance against your pending settlement.  Unlike conventional loans, there is no collateral required.  In the event that you do not receive a settlement, you are not held responsible for repayment of the advance, as the process is non-recourse.  There are no up-front fees or other expenses that come out of your pocket, and no monthly payments to make.  You simply repay the loan upon receiving your settlement, then keep the money that is left to do with as you please.

Pre-settlement Funding help injury victims pay the household bills, medical bills and other costs, so that you can focus on healing and winning your lawsuit rather than stressing about your finances.  In most cases, litigation funding companies advance those who qualify about 10% of their expected settlement. Unfortunately, many injured victims are desperate for money, or in too much pain to haggle with the insurance company – which means they end up settling for far less than they deserve.  Settlement loans help you avoid this, and keep fighting for your rights in order to obtain fair compensation.

With pre-settlement funding, you can rest easy knowing that if for any reason you are not awarded a settlement, you are at no risk.  While the money isn’t free (interest and minimal fees apply), you will find that it is well worth it considering you can pay your bills, and not be forced to accept a small portion of what you deserve from the insurance company.  Is litigation funding the right solution for your circumstances?  Your lawyer can help determine whether this is the best course of action for you.

April 18, 2012

Settlement Loans Offer Financial Relief Without the Risks

Filed under: Finance / Financial,Legal — admin @ 12:38 pm

Settlement loans are ideal for personal injury plaintiffs who find they are facing financial issues.  When you are injured because another person/party was negligent, you may decide that filing a lawsuit is the best route to take.  Insurance companies typically offer far less than your claim is worth.  What can you do while your attorney is negotiating with the insurance company, or fighting on your behalf in a jury trial to ease the financial strain?  Settlement loans may be the solution – and you can enjoy financial relief without putting your money situation further at risk.

Litigation financing is a process that has helped tens of thousands of injured victims avoid financial disaster, foreclosure and even bankruptcy.  Whose who are seriously injured often face insurmountable medical costs.  Considering the time you must spend in court or lost income if you are unable to work, it can get to a point where you cannot pay your bills.  Settlement loans are designed to give those who qualify immediate financial relief, as you can get a portion of your expected settlement within 24 hours.  This money can be used to buy groceries, pay medical bills, pay utility and other household expenses, even to repair your property if it was damaged in the accident that caused your injuries.

Unlike traditional bank loans, you do not need to provide information regarding your credit or employment history, and no collateral is necessary.  Settlement loans are a no-risk way to get the money you desperately need right now.  Why is there no risk involved?  You do not repay the litigation financing company until you actually win your settlement and have your money.  Should for any reason you not be awarded a settlement, you owe nothing because the process is non-recourse.  You’re never out any money such as upfront fees, so you never have to worry about adding to your financial burden.

When you need financial support during an ongoing lawsuit, settlement loans are ideal if you have a solid case.  Litigation financing companies do not loan money to individuals who have what they consider “frivolous” lawsuits, as the chances of being successful in such a suit is slim.  This is how funding companies can operate on a non-recourse basis.  The company is fairly certain that you will win, before they advance you a portion of your expected settlement.

How can you find out if settlement loans may be right for you?  Talk with your attorney, who will help you determine if litigation financing is a viable option for you.  If so, your lawyer will submit the required paperwork, which pertains only to the details of your lawsuit, nothing else.  Once approved, you can have the money you so badly need the very next day!  No risk, no waiting – just the  money you need to live comfortably while seeking the justice you deserve.

March 27, 2012

Are Lawsuit Loans “Easy Money”?

Filed under: Finance / Financial,Legal — admin @ 7:52 am

Lawsuit loans are most definitely not easy money. You qualify for these loans if you have been a victim and are now a plaintiff in a personal injury lawsuit that’s pending and likely to either settle or result in a jury award.

Easy? Not exactly; injury is never something to laugh at, and it can make life very difficult. You may have had to take off of work and due to a reduction in income, you don’t have money to pay your bills, including the medical expenses you may have incurred because of your injuries. You of course get compensation if you win your lawsuit that can help pay these bills, but what do you do in the meantime? That’s where lawsuit loans can help.

Timely help with settlement funding in the form of lawsuit loans

The court system is a great creation, in that it helps bring justice to those who might otherwise not get it. However, justice itself is necessarily a complicated process, and that can mean results come slower than we might want or need them to. That’s where this type of litigation funding can help.

Lawsuit loans are offered to plaintiffs by companies that specialize in this type of settlement financing. However, these companies don’t want to check your credit, and they don’t want any collateral from you. They do want to check and make sure that your case is legitimate, that you’ve hired your lawyer on contingency, and that your attorney is in agreement that a loan is the right solution for your situation.

How does it work? You simply contact one a litigation funding company, fill out the application to get a loan of this type (again, with your lawyer’s approval and full consent), and submit to the review process. Once your case has been thoroughly reviewed, and has been found to be legitimate and likely to result in settlement or award, the company will give you a portion of your expected settlement or award; it’s usually about one tenth of the expected full amount.

No need to pay the money back unless you win

What makes lawsuit loans so helpful is that you will not have yet another monthly payment or obligation to add to your already mounting financial burden. Unlike most loans, you only have to pay your loan back if you win your case. If you win, the company reclaims the money it lent you, plus fees and interest, but if you lose your case, you owe the company nothing. In that sense, you could say that these loans are “free” money in that they free you of worry or obligation to repay unless you win your case. This is simply not true of other types of loans. Is litigation financing right for you? Discuss the possibility with your attorney; this is one solution that will allow you to live comfortably and with less stress while waiting for your settlement.

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