A pre-settlement advance is not a loan. An advance on a personal injury claim is only repaid by case proceeds if the plaintiff wins. If the case does not succeed, the advance does not need to be repaid.
When clients are in a desperate need of funds while waiting for their case to settle, time is of the essence. Needless steps, errands, logistics and paperwork should not delay funding, yet that is exactly what certain legal funding companies expect. Notarized Signatures Slow Down and Complicate The Process. Some settlement funding companies demand that … [Read more…]
City, county and state governments pay out millions of dollars in settlements each year to individuals injured while on public property or because of public employee wrongdoing or negligence. According to the Los Angeles Times, the City of Los Angeles is expected to pay out about $135 million to settle these types of claims in … [Read more…]
According to the National Highway Traffic Safety Administration 6 million car accidents take place annually in the U.S. resulting in 3 million injuries. The Bureau of Labor Statistics reported there were approximately 2.9 million nonfatal workplace injuries and illnesses in private businesses in 2015—with over half involving missed days from work. The fact is millions … [Read more…]
The terms “settlement funding” and “loans” are often used interchangeably but they are not the same. Settlement funding (or a settlement advance) is much different from a bank loan, credit card cash advance or line of credit. With a loan, borrowers must pay the loan amount back with interest, usually in monthly installments. With a … [Read more…]
A father of three is driving home from work when he is rear-ended by a drunk driver. He incurs injuries to his neck and back—serious enough to keep him off work for six months. He retains an attorney who begins the process of suing the drunk driver’s insurance company. The injured plaintiff does not have … [Read more…]
The moments following a car accident can be confusing and frantic, but it’s important to remember a few crucial details so you’re able to smoothly move forward. If possible, follow the guidelines below after an accident to ensure everyone involved is protected. It’s also a good idea to keep a copy in your car so … [Read more…]
First let’s define what a lawsuit loan is. When you’re in a lawsuit and need some extra assistance paying your bills, you have the option to borrow money against the settlement you’re expecting to receive from the lawsuit. These types of loans are popular among personal injury plaintiffs who accrue large medical bills due to … [Read more…]
When it comes to personal injury cases, things can become a bit puzzling. So when you actually have to deal with an accident, it’s best to know the facts before committing to anything. To put it plainly, surgery may or may not help a case. This may sound vague, but the outcome really depends on … [Read more…]
So you got hurt in an accident- now what? Filing a personal injury lawsuit may seem daunting, but we’re here to clear that up. We’ll take you through step-by-step instructions in order to make this entire process as painless as possible. Medical Treatment: This may seem obvious, but seeking medical attention after any kind of … [Read more…]