Cash Advances and Lawsuit Funding in Berkeley, California
Accidents happen all the time, whenever and wherever you are. Even with all the safety precautions in place, you are still not safe from unforeseen circumstances on the road. The rising number of accidents gives rise to personal injury claims. When you win the case, the money you get can help you build a better future.
However, lawsuit cases take time. You may be left financially strapped while waiting to receive the compensation. If that’s the case, there’s no need to worry. There are lawsuit loans available.
Applying for a lawsuit loan can help you get immediate funds before your case settles. Call us today at (866) 407-6404 to get settlement funding in Berkeley, California.
Get Cash with Lawsuit Funding
A lawsuit loan, otherwise called presettlement funding, is an option for people with an ongoing personal injury case. The pre settlement loan allows you to cash in a portion of your future compensation before the case settles without risks. The settlement funding helps tide you over and pay for the expenses, debts, insurance, rent/mortgage, etc.
A settlement loan is a quick solution to solve your financial problems. The legal funding firm provides the pre settlement loans with interest. Although even when it’s termed as a loan, lawsuit loans are unlike traditional loans. Therefore, they are not subject to the same regulations. Pre settlement funding has a different legal structure.
How Does Settlement Loan Work?
Settlement loans are available for most civil cases. It’s borrowing from your case’s future compensation without collateral or credit check. The bank or the lender can also go after your assets if you fail to pay within the time allotment. Traditional loans are recourse loans where the borrowed amount is based on the collateral.
On the other hand, legal funding doesn’t need collateral since the lawsuit loan is based on the estimated court award you receive when the case settles. Furthermore, the presettlement funding firm can’t go after you if the court decides against your claim.
Lawsuit Loans: The Good and The Bad
There are consequences to getting a settlement loan. Since you’re borrowing money, there are still upsides and downsides, even when it’s from your future settlement.
Disadvantages of Settlement Loans
- Lawsuit loans can be expensive
Lawsuit loans providers invest in cases and take the risks. As a result, they offer the fund with astronomical interest rates. Make sure to ask the funding company their interest rate before applying.
- You may not qualify for lawsuit funding
Not all cases are approved. Sometimes, you need to apply to multiple pre settlement funding providers. Patience is key!
- No government regulation
There are no laws in place to protect your rights as the borrower. Therefore, it’s critical to find a lawsuit loan company that won’t take advantage of you.
Benefits of Pre Settlement Funding
- More time to negotiate better compensation
The piling bills to pay may force you to settle for an amount less than deserved. But with a settlement loan, you have enough money to use for whatever you need. There’s no need to cave in and settle for less.
- Quick cash
Receive the lawsuit funding via cash, check, or Western Union. The lawsuit funding process is fast. You can even get your settlement loan within 24 hours after submitting your application.
- No monthly or annual repayment
Settlement loans are non-recourse loans. Pay for the lawsuit loan once you get the compensation.
Are you looking for quick money to fund your case and pay the bills? A lawsuit loan is your answer. Call us today to know more about a settlement loan and how it can help maximize your case.