Monday, December 28, 2009

Breach Of Contract? When Considering A Lawsuit Loan, What Steps Must You Take?

What documents will be required when attempting to obtain lawsuit loans to pursue a claim for a breach of contract? If you follow the steps identified herein, you should have little trouble in obtaining the settlement loan you seek. However, if you fail to follow the simple procedures, you may find it difficult, if not impossible, to obtain funding.

The first item on your agenda will be a Case Review. It will be necessary for you to obtain documentation that clearly sets forth the provisions that have been violated. The violations must be clearly demonstrated in contradistinction to the provisions identified within the four-corners of the contract. Contracts customarily sound in Courts of Equity. There are many factors that will be considered in such a venue that may not be considered otherwise (e.g., fairness of the deal).

Another factor to take into consideration would be your ability to collect from the other party. You're customarily wasting your time if you pursue a judgment-proof defendant. Most attorneys would advise you not to waste your time pursuing someone against whom you may obtain a judgment, but from whom you would never be able to collect.

Prior to determining whether you wish to pursue a claim against the party with whom you have entered the contract, review the contract to determine what, if any, specific violations have occurred. If you do have questions, do not hesitate to contact an attorney to discuss these issues. As is true in most cases, the clock is ticking, and time is typically not on the plaintiff's side. If you're unable to articulate the violations that have occurred, it is customarily a bad idea to pursue a claim against the party with whom you entered the contract.

Once you've reviewed your case, made a determination as to whether the defendant has anything with which to pay any judgment that may be taken against them, and the specific provisions violated, it is now time to determine your specific cause of action against the defendant. If you have not already retained the services of an attorney, this is a point at which you certainly want to do so. It will be necessary for you to identify the correct cause of action against the defendant. If you identify the wrong cause of action, you may both fail in your cause of action and find yourself responsible for expenses and attorney's fees the other party may have incurred.

You will also want to review the other party's credit-history, the other party's history of paying for his/her debts, and the other party's history of dealing with other individuals in the same or similar business transactions. If the other party has a history of treating other individuals unfairly, this conduct increases the likelihood of your prevailing against that party. However, if the other party has treated individuals fairly, then this certainly will be weighed in the defendant's favor.

If you and the other party are jointly-liable for prior loans and a/or advances, it will be necessary, in most cases, to pay off those existing loans prior to pursuing a cause of action against the defendant. Additionally, if you and the other party have obtained financial advances, it is very likely that those advances will either have to be repaid or reconciled prior to pursuing a cause of action against the other party for an alleged breach of contract.

Once again, when pursuing lawsuit loans, if you follow the foregoing steps, you should find it fairly easy to obtain the funding you seek. However, if you fail in any of the foregoing, you may find that you will be unable to obtain a settlement loan.

Looking to find the best deal on lawsuit loans? If so, please visit us to find the best advice on obtaining your lawsuit loan today.

Saturday, December 19, 2009

What Is The Interest Rate On The Lawsuit Loan And Why Is A Lawsuit Loan Considered A Non-Recourse Loan?

We are frequently asked what the interest rates are on a lawsuit loan. Unfortunately, this question arises because the applicant’s are actually unfamiliar with the overall process.

In reality, there are no interest rates involved with a lawsuit loan. The fees that are charged for providing the lawsuit loan are in fact “risk-fees.” The fees charged in funding your lawsuit loan are contingent on the risk inherent in your particular case. If the risks are low, the fees are low.

It is unfortunate that many plaintiffs allow these perceived interest rates to keep them from pursuing a lawsuit loan. In many instances, such funding would allow these plaintiffs to continue in the fight to obtain a fair and equitable settlement. In the absence of such funds, many plaintiffs are simply unable to continue in the litigation-process, and are forced to settle their claims at amounts that are significantly lower than their claims would merit.

Obviously, since a lawsuit loan is not, in reality, a loan, we are not dealing with non-recourse loans. Contrariwise, we’re looking at a non-recourse transaction. The reference to “non-recourse” loans is simply for ease of reference. It is in fact this aspect of obtaining a lawsuit loan that makes this funding extremely appealing!

The term “non-recourse” simply refers to the fact that the entity that provides the resource requested (e.g., funding, supplies, etc.) has no recourse against the party to whom/which the resource is provided when certain conditions of the negotiation are met. In the case of a lawsuit loan, the non-recourse aspect refers to the fact that the funding-entity is unable to demand a return of the funds provided if the requestor does not prevail in the underlying suit. In other words, if you lose your case and you have obtained funding, you don’t have anything to repay.

Are you confused about obtaining a lawsuit loan? Please stop by our site to find out all about the benefits of obtaining lawsuit loans and what they can do for you.

What Are The Key Factors To Consider When Applying For A Lawsuit Loan?

Put yourself in the underwriter’s shoes! What is it that you would want to see prior to loaning someone your money? Remember, in almost all cases, the underwriter will have never met the applicant. The underwriter must rely simply on the documents submitted for review.

It is axiomatic that the request for funding is a critical component in obtaining your lawsuit loan! It is amazing that many individuals submit partially-completed request for funding, and contact us almost immediately asking why they have not obtained the lawsuit loan requested. Frankly, if you’re not willing to complete a one-page request for funding, it is unlikely that you’ll find either a broker or underwriter who will be interested in devoting much time on your case.

To get things started, you must grab the underwriter’s attention. If you fail to grab the underwriter’s attention from the outset, you significantly decrease the chances of obtaining the funding that you seek. You should recall that the underwriter is looking for reasons to provide the lawsuit loan you request, not reject it. However, the underwriter is going to have to submit your request to underwriters who will look very closely at your case prior to providing non-recourse funding.

I have provided two examples for you to review and would ask you to make a determination as to which of these applicants would you provide funding:

The first case deals with an incident that occurred in a Good Will store. The applicant stated, “I was at a Goodwill store, sorting through the clothes when a coat hanger jumped out and smacked me on the bridge of my nose.”

The second case deals with the motorcycle incident. The applicant informed us, “I was on a motorcycle. The car driver was traveling in the opposite direction and turned left in front of me. The car driver was cited for failure to yield.”

Would you be surprised to learn that the Goodwill Store incident, although humorous, did not receive funding? Would you be surprised to learn that the motorcycle incident-applicant was funded? I suspect that we would all agree on the candidate to whom we would issue a non-recourse lawsuit loan.

The lesson to be learned is, before you submit a request for funding to obtain a lawsuit loan, review it to ensure that your case is meritorious. Your chances of obtaining a lawsuit loan are minimal if you’re only able to make a “red-faced” argument to support your case!

Are you confused about obtaining a lawsuit loan? Please stop by our site to find out all about the benefits of obtaining lawsuit loans and what they can do for you.

Sunday, December 13, 2009

Have You Been Injured In A Car Wreck And Wondering If You Need A Lawsuit Loan? How Do You Know If You Have A Good Attorney?

It really doesn't matter what we call them. Whether we refer to them as motor vehicle mishaps, car wrecks, automobile accidents, auto collisions, or car crashes, they are an unfortunate aspect of life! The costs that accompany such incidents often create the need to obtain a lawsuit loan.

Just looking at it from a technical standpoint, an accident is defined as "an undesirable and unfortunate happening that occurs unintentionally and usually results in harm, injury, damage, and/or loss." Among the many causes of such accidents are car crashes. Anytime such an incident occurs, unfortunately, an injury may also result.

We like to pretend that a car accident will never happen to us. Unfortunately, such events occur to individuals just like us every single day! The purpose of this article is to provide a few pointers to assist you in selecting a good car accident attorney and determining whether you need a lawsuit loan.

First and foremost, you must assemble photographs and paperwork to present your case in the best possible light to the prospective attorney. The information you present may include photographs that you take at the scene of the accident, written descriptions that you provide regarding the manner in which the accident occurred, documents from medical providers, hospital records, and much more. The information gathered should be intended to accurately portray the manner in which the incident occurred.

When you first meet with the prospective attorney, have a list of questions prepared. Questions that you want to ask your prospective attorney should be very specific, related to your case and your personal circumstances. Questions that you need to ask the prospective attorney include the following:

Number one: What are the merits of your case from the attorney's perspective?

Number Two: How do you determine whether the other party has adequate insurance?

Number three: Has the attorney handled similar cases in the past and, if so, how many?

Number four: In how many cases of this nature as the attorney prevailed?

Number five: Is the attorney capable of devoting the necessary time to your case?

You also need to be prepared to discuss your personal circumstances. These discussions should center on various things such as the work that you do, your family, your responsibilities, your hobbies, and the manner in which the car accident has affected your life.

Pay close attention at this stage, and you will learn a great deal about your prospective attorney. You want to have an attorney who is genuinely interested in you and your case. If it's evident that the attorney isn't interested in your case, find another attorney!

When you have been involved in a car wreck, you need to be evaluated to determine what, if any, injuries you've sustained. If you've been involved in a car wreck and it is determined that you did sustain injuries, you need to find a good personal injury attorney to represent you. Furthermore, due to the protracted nature of these cases, most plaintiffs are going to find that a lawsuit loan will be tremendously helpful!

Learn more about obtaining a lawsuit loan. Stop by our site where you can find out all about the benefits of obtaining lawsuit loans and what they can do for you.

Wednesday, December 9, 2009

Lawsuit Loan: What Are The Five Keys To Getting Your Settlement Loan Application Approved?

There is no sleight-of-hand here! If you wish to succeed, it will be necessary for you to follow the steps identified in this article.

First, find a reliable broker. You need a broker who works with lenders upon whom you may rely. Finding the right broker will be the primary step you need to take to achieve the success you desire.

From the outset, it is necessary for you to put yourself in the lender's shoes. Ask yourself, "If I am going to loan money to someone, what are some of the things for which I would be looking?" Don't forget, in most instances, the lender has no familiarity with the individual seeking the lawsuit loan. The lender must rely on the documentation submitted to determine whether the applicant is an individual worthy of a loan requested.

Number two, complete your application! It is vital important that the application be completed, clearly identifying what it is that serves as the basis for which the lawsuit loan is to be provided. Many individuals, unfortunately, jettison any opportunity to obtain settlement funding by submitting an incomplete application. It is the same individuals who frequently demanded that the funding be provided about further explanation. Frankly, if you don't have sufficient motivation to complete your application, you'd be advised to seek other sources of funding.

Thirdly, it is necessary for you to sell your case to the lender! You must sell your case to the lender from which you are requesting settlement funding! Failure to clearly identify what it is upon which your claim is predicated, is one of the most self-defeating reasons for which applications are not approved.

Fourthly, it is necessary for you to get your attorney involved. Once your application is completed, it is very important that your attorney get involved as quickly as possible to assist you in obtaining the requested funds. Interestingly, although your attorney is vitally important to your case, an uncooperative attorney is one of the most frequently-encountered reasons for difficulty in obtaining lawsuit loans.

In some cases, your attorney will request your authorization to release requested medical records. If that is the case, it is important for you to cooperate with your broker in signing and returning the Authorization to Release Medical Records as quickly as possible. It is important to realize that time is of-the-essence in obtaining a lawsuit loan, in almost every instance. Your broker will be working to assist you in accomplishing that task as quickly as possible. Your cooperation is essential in succeeding in obtaining the settlement funds requested.

Five, as long as your broker is genuinely trying to assist you, stick with that broker. Frequently, individuals mistakenly think that it is in their best interests to submit multiple applications. However, lenders take a dim-view of prospective applicants who are not committed to the efforts the lender will undoubtedly expend in making a determination as to whether the claim merits the lawsuit loan requested. There's a great deal of work involved in making a determination as to whether the claim presented justifies an advance on the funds that may ultimately be awarded. Work closely with your broker to obtain requisite documentation as quickly as possible. If you find that you have an uncooperative broker, get another broker!

Remember, you're seeking a lawsuit loan because you need the money - now! If it were permissible for your broker to drag his/feet in procuring the settlement loan requested, it is unlikely that you would be seeking settlement funding in the first place. Therefore, work diligently with your broker, returning calls and notifying your attorney of the need to both respond to the broker and provide requested documentation as quickly as possible.

Want to find out more about obtaining a lawsuit loan? If so, please visit our site on how to choose the best lawsuit loans for your needs.

Friday, December 4, 2009

Frequently Asked Questions - Lawsuit Loan

Q. "How much is your interest on a lawsuit loan?"

A. The lenders to which brokers submit applications don't charge interest because they're not providing loan. If it were a loan, you would have to pay the loan back, no matter what. These are non-recourse advances. Therefore, if you lose your case, the lender loses money. Because of that, lenders charge a risk-three. A risk-fee is determined on a case-by-case basis. If you're approved, the contract will state exactly what will be owed before you sign anything.

Q. "How long does it take to obtain a lawsuit loan?"

A. Your attorney plays a big role with respect to this issue. Your broker will request documents from your attorney. Your broker must speak with either your attorney or a legal representative as soon as possible. If the broker is able to talk to your attorney within one day and the required information is obtained within one day, you may obtain your settlement loan that same day. It is imperative that you notify your attorney that you're seeking a loan settlement and that your attorney should forward all requested information to your broker as quickly as possible.

Q. "Are there any up-front costs to obtain a settlement loan?"

A. No, there are no up-front costs to obtain a settlement loan.

Q. "What must I do to obtain the requested lawsuit loan?"

A. At your election, you may have the lender FedEx a check to you overnight. Furthermore, if you wish, the lender can wire the money directly into your checking account. If you opt for the latter, there will be a pre-determined fee.

Q. "What if I don't want to give my birth-date or Social Security number prior to obtaining a pre-settlement loan?"

A. You won't be required to initially. However, if you are approved, you will need to provide that information prior to obtaining the lawsuit loan.

Please note that because time is of the essence, a good broker will follow up immediately with you with a phone call to ensure that the law firm with which you want the broker to work has received the Request for Documents.

Seldom do the attorneys themselves either prepare or submit the paperwork in response to lawsuit loan requests. In most instances, either a paralegal or secretary will both prepare and submit the paperwork to you.

Brokers must quickly establish contact in order to obtain the requisite documentation. If your broker is diligent, and if the paperwork is not received within 1-2 days, the broker will follow up with the law firm and request documents once again.

If your attorney is being uncooperative, the broker will ask that you assist in obtaining the requisite documentation. Remember the attorney works for you and the clock is ticking for you to obtain your settlement loan!

A good broker will never suggest that you retain a new attorney, even if you have a particularly uncooperative attorney. However, without your attorney's cooperation, you will be unable to obtain the lawsuit loan. To obtain the settlement loan both your cooperation and your attorney's cooperation will be essential!

If your attorney requires a signed Release of Medical Records prior to releasing medical records to your broker, your broker will obtain the requisite form, submit it to you, and request that you sign it and return it to your broker as quickly as possible.

Ideally, your attorney will submit the documents following the initial contact. Once the documents are received, the broker must review the documents received to determine which broker may be most appropriate for your lawsuit loan request. Once that information is obtained, a competent broker will select a funding-source most applicable to obtain your pre-settlement loan.

Want to find out more about obtaining a lawsuit loan? If so, please visit our site on how to choose the best lawsuit loans for your needs.

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Tuesday, December 1, 2009

Injured In A Car Wreck? Feeling Pressured To Settle Your Lawsuit As Christmas Approaches? Don't Panic! A Lawsuit Loan May Be Just What You Need.

If you've sustained injuries as a result of a car accident, slip-and-fall, industrial accident, etc., you may be asking yourself, "Should I accept that lousy offer to settle my claim? Christmas will be here before I know it. How am I going to make ends meet?" Don't panic! You may be able to obtain a settlement loan that provides just the relief you need.

Obtaining a lawsuit loan is fast, simple, and painless! Unfortunately, most plaintiffs are unaware that such relief exists. Furthermore, most attorneys aren't aware of them. Insurance companies, particularly those responsible for paying for damages those whom they insure inflict, hope you never hear about settlement funding. A plaintiff's ability to remain in the fight until a fair settlement is offered is an insurance company's worst nightmare!

You're at a stoplight, minding your own business, and another vehicle runs into you. Not only does the impact damage her vehicle, but it also injuries you. Now, the individual at fault wants to force you into accepting a ridiculously low offer. In many instances, the offer made would not even provide adequate repairs to your vehicle.

Yes, with all of these frustrations, who wouldn't be tempted to settle for a ridiculously low offer just to end the nightmare? Well, you don't have to accept the inappropriate offer tendered by an insurance company. With a lawsuit loan, you will be able to stay in the fight until an appropriate offer is either made or you have an opportunity to have your day in court.

However, settlement funding doesn't fall from a tree! You must initiate the process by contacting a settlement loan broker to obtain information regarding the viability of your claim. Credible brokers attempt to work closely with you in an effort to find lenders that will provide the attention you need and interest rates that won't be usurious.

Although Christmas is a time for great joy and excitement, for financially-burdened individuals, it is often a season of dread! Lawsuit loans may assist you in relieving some of the financial burden. If you are feeling financially strained, you're encouraged to consult with your attorney regarding the status of your case on a relatively frequent basis. You are also encouraged to let your attorney no that the financial burdens confronting you seem overwhelming and you would like to consider obtaining settlement funding.

You may apply for a lawsuit loan quite simply. Most such applications are submitted online. Once you've applied for the loan, the broker you contacted the follow-up with you in an effort to obtain requisite information. The broker will also need to talk to your attorney as quickly as possible and obtained much-needed documentation prior to processing your loan request. You will speed this process along if you contact your attorney, asking your attorney to work closely with the broker in obtaining a settlement funding as quickly as possible.

Don't allow the insurance carrier to treat you unfairly! Contact a broker today to determine whether you qualify for a lawsuit loan to assist you in meeting the expenses you now face!

Need more infofmation about lawsuit loans? We've got more and will help you find out all about obtaining a settlement loan and what it can do for you.