Taking lawsuit loans is a real option for someone who has found themselves in the middle of a lawsuit, whether a personal injury lawsuit or otherwise. However, not everyone considers taking the lawsuit loan.
If that’s the case, here are some excellent reasons to consider lawsuit loans:
- It allows you to take care of your living expenses during a lawsuit, whether that lawsuit is a personal injury lawsuit or otherwise.
- It doesn’t require a personal guarantee.
- They are usually easy to qualify for, and the paperwork takes no time at all.
If you’re still on the fence about lawsuit loans, let’s take a deeper dive.
Table of Contents
What Is A Lawsuit Loan?
A lawsuit loan is a type of lawsuit funding.
The lawsuit loan stipulates that the plaintiff who has found themselves in the middle of a lawsuit can borrow money against this impending judgment. Thus, it’s essentially a pre-settlement cash advance.
Lawsuit loans are unsecured and do not require any personal guarantees. They also don’t require credit checks either. The significant advantage of lawsuit loans is that you don’t have to pay them back until your case settles or becomes otherwise resolved.
i) What Happens If You Lose Your Case?
If the plaintiff loses their case, they will no longer need to repay the lawsuit loan. Therefore, all lawsuit loans are non-recourse!
ii) What If Your Case Is Still Pending?
If the lawsuit is still pending, then you can use lawsuit loans to cover your day-to-day bills while awaiting a settlement. Lawsuit lenders are only paid back if you receive a settlement, therefore there is no risk to and you are not under any pressure to make monthly payments.
Can You Afford To Just Wait It Out?
If your lawsuit isn’t likely to be resolved within a year or two, then it might make sense for you to apply for lawsuit financing rather than waiting around without any money. Your lawsuit loan company can give you a lawsuit settlement loan to cover your expenses. With lawsuit funding, you won’t have to wait for your lawsuit to settle before getting some needed money to make it through the process of having your case settled.
Some lawsuit lenders will offer lump-sum lawsuit loans, which means that they’ll put all of the money from your lawsuit into one big check and then expect only to be paid back after your case has settled.
What Do You Need To Know When Opting Lawsuit Loans?
Lawsuit Loans are the crucial difference between seeing that justice is done and being victimized by insurance corporations. But, of course, they also send a plaintiff into shock if they don’t do their research, so be sure to ask all crucial questions beforehand.
When you’re looking for a lender, whether personal or business-related, be sure to choose one that is entirely committed to transparency.
Direct Legal Funding is one of the well-known companies working with your needs and doesn’t have any hidden fees or surprises throughout the process. Neither do any credit checks, have a fast response, and approval within 24 hours.
Take Control Of The Lawsuit Settlement Process!
If you’re trying to handle a lawsuit yourself, it makes sense for you to borrow the money from an alternative lender rather than going through your bank account. If there’s no reason for your lawsuit settlement funds to be tied up in court proceedings or other legal issues, lawsuit lenders are an excellent option for lawsuit loans.
The lawsuit loan company will then work with the legal team handling your lawsuit to provide you with the money you need to continue moving forward to get a just settlement. Finally, the lawsuit advance or lawsuit loan will only be repaid when your case has been settled.
You’ll need to pay back the lawsuit loan plus interest when your lawsuit is over, but it’s still much better than not having enough money right when you need it most, and often the extra time to settle your case often gives your attorney the opportunity to settle your case for a larger amount.
Conclusion
With a lawsuit loan, you’ll be able to handle the whole process of settling your case without the pressure of your financial difficulties.
This opportunity will help you make it easier to fight for what you deserve. Do not hesitate on this once-in-a-lifetime opportunity that can save your future! When you need money fast for a lawsuit settlement, turn to Direct Legal Funding. We put clients first with high-quality customer service and reliable funding options in as little as 24 hours.
We pride ourselves on our speed – you can apply online or over the phone today if interested! Lawsuit cash advances are essential, so make sure your team understands your unique situation by working with us.