Risk-Free Lawsuit Loans in Victorville, California
California has a median verdict of $114,305 to $150,000 for personal injury cases. That money goes to the victim and is used to pay medical bills, legal fees, and daily expenses. However, personal injury cases take a long time. It may take years before the plaintiff receives the money. Hence, the lawsuit loans.
If you find yourself in need of money while your lawsuit is going on, then pre settlement loan is a quick solution to consider. 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 Victorville, California.
Defining Pre Settlement Loans
Presettlement funding in California is a cash advance on a future court award. Even when referred to as a loan, it is still different from traditional loans. Furthermore, getting legal funding means that you are selling a portion of your future compensation to the lawsuit funding firm in exchange for immediate payment.
Am I Eligible for a Settlement Loan?
You need to meet these essential criteria to apply for settlement loans.
- You have a strong claim.
Legal funding firms take risks in providing the lawsuit loan. Every case is an investment, and they ensure that they’re making sound decisions. As a result, they only choose cases with the best possible outcomes.
- You have legal representation.
You need an attorney on a contingency fee basis. Furthermore, your attorney will help you understand the terms and conditions of the pre settlement funding contract. Therefore, they are only paid if they win the case.
If the lawsuit loan provider doesn’t want to work with your attorney, that’s a red flag. Get the help of your lawyer to choose a reputable legal funding firm.
- The sued party should be financially able to pay the damages
The negligent party or their insurance company pays for the damages. Therefore, it’s only fitting to ensure that they’re financially able to meet the end of the deal.
Advantages of Settlement Funding
Before settlement loans, people turned to personal loans, cashing their 401(k) account, or putting their assets as collateral. With lawsuit loans available today, plaintiffs now don’t have to
With settlement funding, people can now relieve themselves from financial burdens without using their assets. Additionally, there are other benefits or presettlement funding.
Clean Credit Report
Lawsuit loans don’t show up in credit reports and won’t affect your credit score. The credit score is a deciding factor when applying for personal loans. You need a clean credit record to lower interest rates for future bank loans.
Risk-Free Lawsuit Funding
Settlement loans are non-recourse loans. Therefore, you are not obligated to pay for the settlement loan if the case isn’t successful. You also keep the pre settlement funding and spend it without restrictions.
Negotiate a Better Deal
With the pre settlement funding money, you rid yourself of financial stress and anxieties. You are not pressed to accept a low-ball offer. Instead, your attorney can use the time to negotiate better compensation.
Submit your Lawsuit Loan Application Today
A settlement loan is a new financing option for those who are in the middle of their lawsuits. High Rise Financial’s lawsuit loan experts are helping thousands of plaintiffs reduce stress.
Submit your settlement loan application and get your fund in the next 24 hours.