Cash Advance on Lawsuit Benefits: 9 Facts You Should Know
You may be considering getting pre-lawsuit funding. But what are the precise benefits of getting a cash advance on lawsuit loans? Click for more information.
When you are in the middle of a lawsuit, it can be tempting to accept the first settlement just because money is getting tight and you have bills to pay. This is a stressful time in your life. You may be dealing with injuries from an accident or you might have been in a position where you lost your job. Either way, you may be struggling to make ends meet.
You don’t have to settle just yet. You might consider pre-settlement funding to get you by. This is a service that is available to help pay your bills and stay afloat without taking out a steep bank loan.
Continue reading to learn the benefits of getting a cash advance on a lawsuit while you are waiting on the verdict in a legal matter.
1. Tons of Claims Qualify for Pre-Settlement Advances
The Law Settlement Funding Co. provides a solution to financial issues for a variety of different legal claims. Some of the different types of claims that are eligible for cash advances are:
- Any Motor Vehicle Accidents
- Employment disputes/ Wrongful Termination
- Jones Act/ Maritime Law
- Medical Malpractice
- Personal Injury/ Negligence
- Product Liability/ Medical Devices
- Traumatic Brain Injury
- Worker’s Compensation
- Wrongful Death
You aren’t alone. You will find that anyone can end up in any one of these situations. Accidents happen and justice is served to those who caused injury or injustice. You don’t have to struggle with your finances while you await your case’s outcome.
2. Pre-Settlement Funding Can Supplement Your Income
If you were injured or lost your job because of your claim, you are likely struggling to make ends meet. Pre-settlement funding can help you to pay off outstanding debts and help you to stay on top of upcoming bills so that you don’t fall behind. It can help you out until you get back to work or are compensated for your claim.
3. You Can Stay on Top of Medical Bills
If you are filing a claim for an injury, your medical bills may begin to pile up and leave you with no way to pay for them while you are awaiting the settlement for your lawsuit. Medical bills are not something that you can put off for months or years while waiting for an answer from the lawsuit.
A cash advance will allow you to pay off these debts so that you don’t have to worry about them and can solely focus on winning your case.
4. Your Lawyer May Get a Better Settlement
Some plaintiffs settle because they can’t afford to put their lives on hold any longer. They feel that the sooner they are able to settle, the sooner they can get back to work to make ends meet. However, your lawyer may be able to get you a higher amount for your settlement.
Getting a cash advance on your settlement allows your lawyer to get everything to come together during the extensive timeline of a lawsuit.
5. It Isn’t Based on Your Credit
Bad credit? No credit? You don’t have to worry because pre-settlement funding isn’t based on your credit. It is based on the estimated amount of money that you are expecting to come from the settlement. Getting relief from your financial burden doesn’t have to be based on your credit history because the funds will literally come from your case once it is settled.
6. You Will Know If You Qualify in Minutes
It will only take a few minutes to figure out if you qualify for a cash advance on your settlement. You won’t have to spend additional time stressing out about whether or not you will be getting a cash advance from the settlement to make your financial struggle a little more bearable.
7. You Can Get Cash in as Little as 24 Hours
Once you know whether or not you qualify, your money will be on its way. In a matter of 24 hours, you can pay off any outstanding debts. You will feel a lot better about holding out for the right settlement amount instead of settling for the first offer that comes from the defendant.
8. Bank Loans Are Expensive, Pre-settlement Funding Is Not
When you take out a loan, you are signed in a contract where you have to pay back every penny and then some. Bank loans are chock-full of monthly payments and sky-high interest fees. Pre-settlements are not technically loans, so they aren’t expensive. You only have to pay your pre-settlement funding back when you win your case.
They aren’t going to leave you stressed out trying to pay them off when your lawsuit fails and you leave negotiations without your settlement. Pre-settlement funding is regulated in accordance with ordinances set forth by the Alliance for Responsible Consumer Legal Funding.
Taking out a cash advance on a settlement is 100% risk-free. If you lose your case, you don’t have to pay back the money that you borrowed.
9. You Will Stress Less
Being in a position where you need to file a claim for a lawsuit is one of the most stressful things that you may have to deal with. When you get a pre-settlement cash advance, you will find peace of mind. It will help you to alleviate your financial burden without putting pressure on you to begin repayment the second you receive help like you would with a bank loan.
Get a Pre-Settlement Cash Advance On a Lawsuit
Lawsuits are stressful, but staying on top of everything financially doesn’t have to be. Legal-Bay is able to give some of the lowest costing pre-settlement funding due to our years of experience with claims and settlements.
Apply for pre-settlement funding today and you can receive your cash within 24 hours! Feel free to call us at 877-571-0405 with any questions about getting a cash advance on a lawsuit.