Pre-settlement loans are not like traditional loans, they are much safer. Read on to find out how pre-settlement loans can help you win your case.
No matter how strong your case is, if you are sued, it will take time. Personal injury cases can take years to settle, so how do you expect to pay your lawyer’s fees for that long? There are several companies that offer pre-settlement financing, which is essentially a cash advance on the settlement money you hope the case will provide.
When most people hear “pre-settlement financing,” they think of a personal loan that they will have to repay. Fortunately, pre-settlement funding is non-recourse, meaning you don’t have to pay back a penny unless you win your case.
The only scenario where you have to repay your backer is after you make a lot of money, which means you can afford to pay! Read on to find out how a pre-settlement loan can help you win your case.
Pay your lawyer
Lawyers are expensive, but they are also essential to winning your case and getting the best possible settlement. After a year of legal fees, do you think you can afford your lawyer without a little financial help? Pre-settlement loans give you the money you need, and you can do what you want with it.
Get the treatment you need
Many personal injury claims stem from car accidents, and injuries from car accidents are no joke. It’s easy for something small to get worse when left untreated. You don’t want to put your case in jeopardy because you can’t afford to carry on with all the medical bills you have to pay. Funding services allow you to pay for the treatment you need, using your future settlement money.
However, you need to be careful which pre-settlement finance company you choose. A little ago factors to look out for in reputable companies.
Set up businesses
Depending on who your lawsuit entangles you with, you may be up against big companies, companies that can afford to wait for you. However, once companies learn that you can afford to stay in the lawsuit for years with pre-settlement funding, many become inclined to settle.
Now that you know how a pre-settlement loan can help you win your case, contact a reputable pre-settlement finance company and get the justice you deserve!