Funding in Hayward
A lawsuit loan is a simple and convenient way of getting cash while fighting for a personal injury case. A personal injury can occur anywhere, falling on a trek, on the way to the office, or an unfortunate accident. Someone else’s mistakes can make you end up paying a lot of bills. If you know someone who has been battling a personal injury and a lawsuit for it, pre-settlement loans can help get easy cash.
California sees a lot of accidents common due to negligent behavior. Average figures state, 1 in every 10,000 people died in a traffic crash. If you are a resident of Hayward, there are legal funding companies that provide presettlement funding for those with a personal injury lawsuit. Litigations are known to be financially exhausting, especially when you also have medical expenses to cater to. Legal proceedings also take months to years to resolve, it is not feasible for everyone to manage the steep need for money till then. It is thus ideal to apply for a pre settlement loan.
How to Apply for Lawsuit Loans?
If you are fighting a lawsuit, the process of a lawsuit loan application is very simple and has to be done online. You will have to fill in a form with all details of the injury and share the contact details of your attorney.
The next step is for the company’s lawyer to get in touch with your attorney to discuss the case at length and the chances of winning the settlement amount. Once all the information is verified, and if the loan is approved, the cash is deposited in your account within a day or two.
A personal injury lawsuit is just one of the common reasons for which to apply for a settlement loan. The other reason why settlement loans are given by legal funding companies are:
- Work injury
- Sexual harassment and discrimination
- Medical or pharmaceutical malpractice claims
- Car accident lawsuits
- Slip and fall
- Maritime injury
Advantages of Taking a Settlement Funding
When compared to traditional loans, presettlement funding in Hayward is a lot more advantageous and hassle-free. Here’s why:
- Lawsuit loans are non-recourse in nature, so even if you lose the case, there is no pressure of payback.
- It does not consider your credit score.
- A trusted funding company gives the lowest interest rate depending on the factors of your case- like your chances of winning the settlement, the date of settlement, etc. Sometimes, the interest rates can be as low as 2-3%.
- There are no monthly payments and have a lower risk.
A lawsuit funding essentially relieves you of financial stress and helps to ease the pressure on paying bills, at least until the settlement closes.