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Lawsuit Funding Helps Plaintiffs Pay Off Holiday Debt

The holidays arrived and you relished in the family festivities. The final event was to ring in 2012 with the traditional New Year’s Day family brunch at Aunt Mary’s. You enjoyed great food and company but knowing you had to drive home, avoided all alcohol. Unfortunately, another driver on the road that evening did not. You were side-swiped and careened down an embankment. You are thankful to be alive, but are faced with mounting medical bills that continue to pile up because your injuries will prevent you from returning to work indefinitely.

You contacted an auto accident attorney who has agreed to take your case, but he has advised you that settling the case could take six months to two years. How can you deal with the additional expenses from the accident after spending a small fortune on holiday gifts for your family?

When an innocent victim is in the middle of a lawsuit, sometimes cash can be tight especially with additional bills and medical expenses combined with the loss if income. Often times, this is because insurance companies will prolong the process by denying, delaying, defending to avoid paying fair compensation in the hope that the plaintiff will be forced to settle for far less than they would receive from a jury verdict. Unless the plaintiff has savings to fall back on, he/she may need financial assistance to survive until his/her case is settled. When this happens, some plaintiffs may seek financing in the form of a traditional loan.

The disadvantage to a bank loan is that the application and approval process typically takes a long time, time a financially strapped plaintiff lacks. Banks also consider credit history and employment when approving loans; they also require monthly payments. That means that in addition to current monthly obligations, a plaintiff would have yet another new monthly bill, the monthly payment on the loan or line of credit. Lawsuit funding may be the answer.

Some people may call it a “lawsuit loan“, but at Lawsuit Financial we tell the truth; it is a non-recourse cash advance against a pending lawsuit. This means that unlike a bank loan in which you are required to pay back the loan regardless of the outcome, with lawsuit funding a plaintiff only pays back the cash advance if, and when, he/she wins his/her case. If the verdict is in favor of the defendant, the plaintiff is not obligated to pay back the lawsuit cash advance. Plain and simply put, litigation funding is risk-free.

Lawsuit funding is based solely on the strength of your case; credit history and employment do not matter and there are no monthly payments. Because of this, a plaintiff may qualify for lawsuit funding even though he/she would never qualify for a bank loan or line of credit. Unlike a bank loan, the application process is easy, and once approved, money can be available within 24-48 hours. Another advantage to litigation funding is that the plaintiff does not need to report a lawsuit cash advance therefore it will never show up on a credit report.

If you are currently involved in a lawsuit, been out of work, have fallen behind on the mortgage or rent, car payments and other bills, and can’t wait to receive compensation from your lawsuit, don’t accept a less than fair settlement from the insurance company. Contact Lawsuit Financial to learn how we can help pay your bills, living expenses, medical care, and other expenses; let us help you avoid financial disaster or bankruptcy. We provide the cash when you need it the most. Our approval process is quick and easy; simply complete our free, online application. With litigation funding, you’ve got nothing to lose and everything to gain.