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.
Settlement loans should be your final choice as they are extremely expensive. Lawsuit loans are not really loans but advances. Funding yourself is difficult after a personal injury, however; you must make sure that a lawsuit loan is a final choice due to the higher interest rates. Lawsuit funding is also very risky because sometimes the loan is higher than the settlement money you receive.
Lawsuit loan lenders won’t approve your loan until 90 days have passed after the personal injury. This is done so that they can assess your case before your loan is approved.
Lawsuit loan companies give advances of up to 10% of what your case is worth, so if your case is worth $5000 you will be approved for an advance of $500.
As personal injury loans are not regulated by the federal and state law, Lenders can charge interest rates as high 50%. Even if you have a high settlement amount, these loans are risky because of the high amount of money you have to pay back to the lender and the lawyer. These costs are so high that after paying the loan the individual gets left out with too little money or sometimes end up in debt.
Don’t consult loan brokers as they will charge you high fees. Try to deal with a Lawsuit lender yourself if possible.
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.