How do lawsuit loans and settlement loans assist following car wrecks? In this article, we’ll discuss five ways.
Number 1, litigation funding is really not a loan! Typical loans must be repaid irrespective of the outcome of the issue that serves as the basis for the loan. But lawsuit funding is non-recourse. Therefore, if you lose your lawsuit, you repay nothing!
Number 2, lawsuit loans and settlement loans help plaintiffs.
Instead of being forced to settle for the first offer given, you have breathing-room to await a fair and equitable settlement. Lawsuit funding may well be a plaintiff’s lifeline!
Number 3, lawsuit loans and settlement loans help attorneys.
A lawsuit loan will often assist attorneys in procuring requisite expert witnesses, reports, etc. It may also assist in proceeding with discovery efforts.
Number 4, lawsuit loans and settlement loans allow plaintiffs to survive. Additionally, an infusion of cash (up to 10% of anticipated lawsuit settlement) can often keep individuals from losing a home due to their inability to pay a mortgage, prevent repossession of vehicles and other personal property, and much more. Yes, such funding serves as a financial lifeline!
And fifth, lawsuit loans and settlement loans serve as a great winnowing process.
In what way does either a lawsuit loan or settlement loan serve as a winnowing process? Prior to wasting thousands of dollars and several years pursuing a baseless (a/k/a not winnable) claim, the underwriting process involved with lawsuit funding will assist a plaintiff in identifying strengths and weaknesses of a particular case. Illustrative of this is being made aware of the evidence that must be adduced to survive the underwriters’ scrutiny.
Just consider it for a minute. Those points were enough to convince plenty of people before you. Do they really not also convince you to consider obtaining either a lawsuit loan or settlement loan following a car wreck?
Do you think a lawsuit settlement loan is right for you? Would you like to learn more about lawsuit loans? Please visit us today and you may apply online for lawsuit funding and learn more about the benefits of settlement loans.
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