Not every loan is created equal. There are home, car, personal loans and more. A lawsuit loan is not available to everyone but for those who qualify it can seem like it’s the answer to all of their money troubles.
A Lawsuit Settlement Loan is designed to help person fund their case or pay for their daily expenses until their lawsuit is litigated and settled. The loan is only repaid if the loaner wins their case. If they do not, they owe nothing.
A pre-settlement cash advance can help those adversely affected as result of another’s negligence. But if you are a plaintiff is a legal action you should take serious consideration before getting a lawsuit loan. There are certain protections that Direct Legal Funding offers, such as in the event that you lose your case and Direct Legal Funding secure you funding, you are not legal obligated to repay those funds. This is because lawsuit loans are not really loans, but a cash advance to be re-paid from the proceeds of your settlement award. Legal funding is really an investment in your lawsuit settlement, if there isn’t any settlement then the legal lender is not repaid. But there are certain circumstances where you, as the plaintiff must take extra care when considering a lawsuit loan.
One aspect is that lawsuit cash advance is not like a traditional loan that you would take out on your home or car. A traditional bank loan would require payments to be made, usually on a monthly basis. So in effect you are paying down the interest and then finally the principal. But with a Direct Legal Funding there isn’t a repayment schedule, in fact you are only obligated to pay the advance back only after you successfully conclude your case. So during the time that it take to for you to receive your settlement, interest is accruing. So it’s best to get a settlement loan only when your case has fully developed, so the time you take the lawsuit loan till your case settles is minimal. In addition, no can predict just when your case will settle, not your attorney, not even the defendant’s insurance company. Because even if the defendant’s insurance company makes a settlement offer, you would have to accept it. This is why I compare legal proceedings alike with baseball, there are certain strange rules along with the fact that there appears that there is no set time frame for a case to reach its conclusion.
Lawsuit loan lenders will not provide a substantial loan over $1000 until the case has developed. This is done so that they can assess your case before a large loan is approved. Lawsuit loan companies give advances of up to 10-15% of what your case is worth, so for example if you were involved in motor vehicle accident with a resident of Texas and they were insured for the minimum state required coverage, regardless of injuries sustained, Texas minimum limits for personal injury is $30,000.00. That would mean if your case is well developed you could be provided a maximum advance of $4500.
Don’t consult loan brokers as they will charge you high fees. Try to deal with a Lawsuit lender yourself if possible. Call Direct legal Funding, so we can help you level the legal playing field so you get the settlement you deserve.
Lawsuit Loans: Get Cash now in exchange for a portion of your future legal settlement at a fair rate and without a credit check. It is that simple. If you have a personal injury claim and have hired a lawyer, then you qualify to receive a cash advance from Direct Legal Funding.
We are experts in Auto Accident , Personal Injury , Workers Compensation, Settlement Loans and Others. If your loan does not settle, we do not get paid. Bank staff are paid whether you obtain a home loan or not, so they are not as likely to work hard to ensure the best possible outcome for you. Your interest rate will be just the same as if you were dealing directly with a Bank or Lender yourself, sometimes even cheaper. Our business is built on referrals – hence, it is in our best interests to ensure that you obtain a legal loan from us as fast as possible so that you are satisfied. We also keep our Clients well informed beyond Settlement. Our valuable information alert service provides you with relevant information on the settlement loan, updates on Lenders/products, and special offers that may be of interest to you.
If you plan to file a lawsuit and are represented by an attorney, or have filed a lawsuit and are awaiting the trial or settlement of your case or payment of your settlement or award, you can apply for a lawsuit cash advance. Direct Legal Funding provides lawsuit cash advances to Auto Accident, Personal Injury ,Workers Compensation and plaintiffs in paying their bills, and give attorneys time to build stronger cases.Qualifying for Lawsuit Loans
For Direct Legal Funding, lawsuit loans are purely a way of helping people. If you lose your case, we walk away with nothing. But if you win, we have a legal right to share your settlement. This right is based on the lien that gets placed on your case to secure your legal advance. The lien gives us a legal claim to be repaid when your case is settled.
The transactions described on this website are actually assignment of rights to a portion of future proceeds (settlement or award) from a lawsuit.The terms “loan” or “loans” are used on the website to describe the fact that clients receive money and the repayment of this money is calculated with interest.The term “loan” implies that repayment the principal and interest are required under all circumstances.In actuality legal funding transactions are NOT LOANS.Direct Legal Funding cash advances require repayment only if our client receives a favorable award or settlement.If the client loses his/her case the advance is NOT repaid.