Kennesaw sees several motor vehicular accidents yearly. Some end up with minor injuries, while others end up in fatalities. In 2019, there were about seven fatalities due to vehicular accidents. The number might not be staggering, but for the victims, this accounts for years of mourning and loss.
Still, not all victims can fight equally. Others fear the legal fees for the long legal battle and all the other bills to pay. This shouldn’t be the case. There’s a solution, check and apply for pre settlement loans.
Applying for a lawsuit loan can help you get immediate funds before your case settles. Call us at (866) 407-6404 for settlement funding in Kennesaw, GA.
Explaining Lawsuit Loans
Lawsuit loans come in many different terms. There’s pre settlement loan, settlement funding, etc. All these mean the same. A lawsuit loan is a financial solution for plaintiffs. They apply and receive money for a portion of their future compensation.
The settlement loan provides leeway for you. It’s a breathing space to pay for living expenses, mortgage payments, insurance, medical fees, etc. Furthermore, lawsuit funding gives you more time to negotiate a better deal.
To apply for free, call (877) 735-0016
How Does Legal Funding Work?
A lawsuit loan isn’t like your bank loan. It’s a non-recourse loan. Therefore, it’s almost risk-free. The lawsuit funding firm cannot go after your assets or force you to pay out-of-pocket. It’s a beneficial loan for you as your savings are protected even when you lose the case.
The lawsuit loan is only paid via the future settlement of your case. If you win the case, a portion goes to the lawsuit funding firm and your lawyer. You get to keep the rest. If you don’t win the case, the borrowed lawsuit loan money is good as yours to keep.
Compare Settlement Loan Providers
There are several pre-settlement funding providers throughout Georgia. However, not all have the exact offers, interest rates, and fees. Therefore, it’s critical to do your qualifying and research to know the right lawsuit loan provider that is perfect for your financial needs. Here are some factors to consider before applying for a settlement loan.
Lawsuit loans differ, especially with interest rates. Most of it might be used to pay for the principal legal funding and the interest. Some firms have astronomical rates! You may have very little upon winning the case and getting your settlement if you’re not careful.
Have your lawyer read through the pre settlement funding contract first. Do not forget to read the fine print. Some lawsuit loan providers hide their application and legal fees.
Furthermore, you can ask them about their lawsuit loans, interest rates, application fees, and more. If their customer service specialists are very sketchy in answering your questions, move to the next pre settlement funding firm.
Compounded or non-compounded interest rates
Chose a presettlement funding company with non-compounded rates. Although most firms compound monthly, there’s no harm in doing more research. High Rise Financial is a settlement loan firm with a flat fee for the first six months. Beyond that, you can talk to the account manager to see if there are available plans for your interest rates.
When you lose or win the case
With High Rise Financial, you are safe. If you win the case, then you pay for the pre-settlement funding. If you don’t win the case, we say goodbye to the lawsuit loans (in case you borrowed multiple times against your future settlements) we loaned. Furthermore, settlements loans are investments made by presettlement funding firms. Therefore, it’s the firms that take risks.
Apply for Settlement Loans Today
High Rise Financial provides lawsuit loans if you’re in the middle of a personal injury lawsuit and looking for additional cash. We don’t discriminate and offer our settlement loans for all.
Bad credit, some minor crashes with the law, and others – these don’t matter. Lawsuit loans are for those needing money, with a case and legal representation.