Forum Posts

Eliza Beth
Feb 04, 2022
In Get Started with Your Forum
If you have been in a car accident and dealing with injuries, trying to see how to go back to work as soon as possible so as not to lose your income, or thinking of moving around without your car until it gets fixed, you may be living under a great deal of stress. If you have filed a lawsuit against whoever caused your current distress, your lawyer has probably given you an approximate timeline as to what will happen. And even if the possibility that your claim will be successful is quite real, you might still need money while the case is resolved or gets settled. What can you do in the meantime? Is there any place where you can get your hands on some much-needed funds? The answer is a definitive yes. You may want to look into getting a car accident settlement loan.
When should I consider getting a car accident settlement loan? content media
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Eliza Beth
Jan 29, 2022
In Do It All From Your Phone
When you have been in a car accident and want to research car accident settlement loans, it is important that you follow a simple three-step guide. Following these steps will allow you to get the loan you need to pay for your car’s repairs, and to defray future accident-related medical expenses. You will also be on your way to being able to buy a new vehicle. Car Accident Loan Consultations and Credit Check The first thing you must do is consult with your specialist for auto accident loans to find out if there are any pre-settlement funding options that may help you with the car accident you suffered. Although most insurance companies have programs that can be used to cover your car accident injury, car accident loans can be a very practical and viable option. If you need surgery, the pre-settlement loan may also cover your hospital bills and medical expenses that can arise as a result of your accident. Car Accident Loan Financial Aid You should also consider a financial aid program. In order to receive some form of assistance, you will likely have to meet certain criteria. Make sure that you know what is required and how your case will affect your eligibility for the financial aid you may qualify for. Some financial aid programs can cover Car Accident Loan Approval and Loan Funding It is also a good idea to apply for a car accident loan online. There are many services available today that are able to help you with the application process. All you need to do is fill out an online application. These services will provide you with several different options that can help you with the money that you need to get the car or other type of vehicle you need. You should also check to see if your insurance company offers any type of financial assistance programs to those who need it most. Contact a Car Accident Loan Finance Company Near You Make sure that you keep all of the paperwork and documentation so that you are able to prove that you indeed are the one who was not at fault for the accident. If you need to get a car accident loan, then it will take a little more legwork to prove that you are indeed not the one to blame. This will be proof that you should be able to get the loan that you need. Be sure that you have all of this information in front of you when you are applying for a car accident loan. By following this guide to applying for a car accident loan you will find that you will be able to quickly obtain the financial aid that you need for medical bills and pay for your car’s repairs and have the money to buy a new vehicle. There are many different types of financial programs out there, but by following the right steps you can ensure that you will receive the amount that you need.
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Eliza Beth
Oct 25, 2021
In Get Started with Your Forum
Let's face it, when it comes to lawsuit settlement loan providers there is an endless supply of them. Many, fronting as actual lenders are nothing more than brokers for another provider. In theory, someone would think this makes it a daunting task to get a settlement loan. In reality, it allows them to shop around for the best deal and get the most money. Let's go over a few things that you'll need to do when searching for the right pre settlement loan provider. The first step is to use the internet to find as many settlement loan providers as you can. You can search for terms on Google like "settlement loan", "lawsuit loans", "lawsuit cash advance", etc. You get the idea, search for any terms that might be related to settlement loans. This way you can make a huge list of lawsuit loan providers and their websites in a notepad file. After you locate the companies you feel are legitimate and appear to be in good standing it's time to start the apply process. You'll want to submit applications to the settlement loan providers you have listed. Try to limit this to groups of 5, meaning only apply to 5 at a time until you get a response and offer from each one; this makes management easier with all the replies and offers you'll be getting. Finally, you'll want to take the best offer given to you. Remember; only take out an amount that you need. You'll find that getting a smaller amount will prevent you from losing a good portion of your awarded money at the end of your case. Talk with your attorney to get a feel on how long the case might last and estimate how much you need to stay financially afloat during this period. If done properly you'll obtain the finances you need to stay current with bills and allow your case to go on without having to accept a private settlement for a lower amount than is rightfully due. When looking for a lawsuit loan provider you'll want to make sure you know everything there is to know about a lawsuit settlement loan. You should learn more about the costs of a lawsuit loan before you agree to borrow any money.
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Eliza Beth
Oct 18, 2021
In Get Started with Your Forum
Commercial lawsuit loan is the non-recourse cash advance offered to plaintiff businesses involved in business lawsuits. The pre-settlement financing is provided to lower the monetary problems of the contending plaintiff companies. Commercial litigations are on a continual surge as well as the financial responsibilities that it could introduce upon the contending company might be enormous. How Commercial Litigation Funding Helps the Plaintiff Companies: Commercial lawsuit funding facilitates a large amount of non-recourse cash advance to those who are in dire need of cash while waiting for their business litigation to settle. Using this facility and by leveraging the unique financial strength of commercial litigation funding, plaintiff company increases its prospects for a favourable outcome. An advance on pending settlement also allows attorney the time needed to get the full value for the case and the time period to negotiate a better settlement deal. For Commercial Litigation Financing Following Features: 1. Non-Recourse: It is non-recourse. It is paid back only if the plaintiff wins the case at trial or reaches an out-of-court settlement with the defendant. If plaintiff is unsuccessful in getting the claim, the borrowed amount is never paid back. 2. No Monthly Payments: Once plaintiffs are approved and funded, they pay back directly from the proceeds of their successful settlement. 3. No Personal Guarantee: Unlike conventional loans that almost always require the personal guarantee of the business owners, commercial lawsuit funding is a non-recourse investment, secured by the prospective proceeds of pending claim and not the cash-flow of their business or their personal assets. 4. Off-Balance Sheet: Financing provided by is off-balance sheet and non-recourse. It allows businesses to prevent and protect from litigation risks. In addition, financing may be used to supplement working capital and to remove liabilities from balance sheet of the business. 5. Unrestricted and Unlimited Use: Cash obtained from commercial litigation financing can be used to pay down debt and invest to maintain or help in business expansion. Company can use the cash advance for fixed and variable costs such as payroll and operating expenses. Funds can also be used to invest in the expansion of their business, which maintains the confidence of creditors, investors, and employees. Business lawsuits are, in general, one of the long and expensive legal processes that take out several years together for a settlement to occur. Many people find arranging for funds quite difficult when a particular lawsuit is going on in the court of law. A commercial lawsuit funding offers a financial support to plaintiffs when they need it most. Their attorney provides the legal help and the financial support provided by commercial lawsuit funding can create a win - win situation for the client. In this win-win scenario, financial help provided by lawsuit funding will allow the plaintiff business to take care of pressing financial needs and wait for a just and equitable settlement. In the final analysis, they net more from a settlement than would have been possible without the commercial lawsuit funding. Introduction of the commercial litigation financing service has come in for greater appreciation from all corners of business world. Commercial lawsuit funding helps to fulfil the monetary obligation that a business gets to meet when facing a commercial lawsuit and it is a solution in the form of legal financing facility. Best part is that being non-recourse it is risk-free and one can pay back upon settlement completion or after winning over the trial. What Types of Cases Qualify for Commercial Litigation Financing? There are variety of cases that can qualify for commercial lawsuit loan, these include, but are not limited to: Contract Disputes, Trademark and Copyright Infringement, Fraud, Industrial Products Liability, Construction Disputes, Intellectual Property, Shareholder Suits, Securities and Investment Fraud, Banking and Insurance Disputes, ERISA, Professional Negligence and more. Golden Nugget: It is a well-known fact that commercial legal processes will drag for several years and it serves best to settle the case at the earliest. An organized pre-settlement funding from a well-funded legal financing company aids one in getting immediate cash and the time period to negotiate a better settlement deal. Commercial lawsuit funding allows these firms to leverage the expected settlement from their case to obtain the capital they need now. A commercial lawsuit loan helps the plaintiff company regain their financial freedom. Attorney Funding | medical malpractice lawsuit loan | wrongful death lawsuit loan | product liability lawsuit loan | racial discrimination lawsuit loan | Attorney Funding | Commercial Lawsuit Loans | lawsuit loan rate | workers compensation lawsuit loans | slip and fall lawsuit loans Also, Read about:- Lawsuit Loans Help Keep Cases and Lives Financially on Track Lawsuit Loans: Where Do I Begin? Two Lawsuit Settlement Funding Methods The Pre-Settlement Funding Company Pre- Settlement Funding: Help When You Need It The Most Use a Pre-Settlement Loan to Purchase a New Vehicle Pre-Settlement Loans Advantages of Getting a Pre-Settlement Loan Difference Between Pre- Settlement Loan and Post Settlement Loan Pre-Settlement Loans: Advantages of Getting a Pre-Settlement Loan
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Eliza Beth
Sep 30, 2021
In Get Started with Your Forum
A consumer presettlement loan allows access to a lawsuit recovery before the case settles:- When Angie’s car was hit by a speeding delivery truck on a rain-slicked street, her world was upended. Her injuries kept her off work for months. She filed a lawsuit through an attorney who specializes in personal injury matters, but it crawled through the court system. Her attorney told her that a case like hers could take two years to finally settle. When her doctor told her that she must undergo an expensive operation to correct an injury she sustained in the accident, Angie was distraught. No job meant no insurance, and the single mother was already struggling to pay rent and keep her kids fed. Finally, she called her attorney to ask him if she could settle her case right away so that she could get money to keep her family from being evicted. Her attorney had another idea. Yes, he said, she could settle, but it could cost her tens of thousands of dollars to settle before the case was fully developed. He suggested a way that she could keep her case moving along and at the same time get access to money to sustain her family while the parties were working to settle. He gave her the numbers for particular litigation funding companies, and within a week, Angie had money in the bank and a sense of peace - all without settling the case. How was Angie able to gain access to funds and bring some stability to her family without resolving her case? She took advantage of an opportunity to draw on her expected settlement from a company that specializes in presettlement funding. The litigation funding company was able to give her a down payment on the money she expected to get from an eventual settlement or judgment in her car accident case. What is Litigation Funding? Litigation funding is known by many names. Presettlement funding, lawsuit loans, car accident loans. For consumers, they all stack up to the same thing. Instead of waiting until the case settles or goes to trial, which can be months or years in a complicated case with potentially a high dollar payout, a pre settlement funding company will advance a portion of the expected proceeds to the plaintiff or claimant, who in turn assigns a portion of the recovery to the funding company. In Angie’s case, she received a lump sum payment that she used to catch up bills, get medical treatment, and provide a cushion while she readied to go back to work. In exchange, her lawsuit lender will be paid a portion of her recovery when the case is finally settled. Who qualifies for a presettlement advance? The funding agreement is not based on the plaintiff’s creditworthiness. Instead, funding agreements primarily consider the strength of the plaintiff’s case. For the litigation funding company, this transaction is an investment. Like all investors, the company wants to ensure that its investment is reasonably likely to lead to profit. For this investigation, the company employs a team of underwriters who review the case to estimate its potential return. In evaluating whether a case is a good candidate for a presettlement loan, the underwriter will look at several factors. The active status of the litigation. For most transactions, the lawsuit lender will require that the claimant have an attorney and an active court case. If a case has already been filed, the funder can rely in part on the law firm’s vetting and assessment of the case’s potential. With a case already in the courts, the litigation lender will also have assurances that the case is spearheaded by professional staff whose interests are aligned with the funder's. The type of case. The cases most likely to qualify for lawsuit loans are personal injury cases or cases in which the plaintiff can expect to receive a cash settlement or judgment. This could include car accidents, slip and fall incidents, destruction of property, negligence, and many others. Some litigation lenders provide funding for other types of cases, like whistleblower, unsafe medical devices, or employment law cases. In some circumstances, an active case may not be necessary. For instance, some litigation funding companies have provided advances to individuals who filed claims in the Boy Scouts of America Chapter 11 bankruptcy case, the PG&E California Wildfire settlements, and in various product liability class actions. Settlement potential. Underwriters look at the case from every angle. They evaluate the expected settlement amount and closely consider the case’s timeline. They want to ensure that the case will realize enough to cover the litigation funder’s interest, the cost of the lawsuit, including the attorneys’ fees, expenses of litigation like travel and court reporters, and ancillary costs like letters of protection issued to doctors who provided the plaintiff’s medical care after the accident. The plaintiff’s commitment. Depending on the potential client’s circumstances, a settlement advance may make it easier for a plaintiff to suffer the frustrating effort and time it takes to resolve a personal injury case. Plaintiffs like Angie are more likely to allow the pretrial and discovery phases to fully develop before insisting on settlement if they have fewer financial distractions. Lawsuit loan can help them stay committed to the case long enough to realize the full potential of the case. The experience level of the plaintiff’s attorney. For personal injury cases filed in court, the litigation funding company will generally not enter a funding arrangement if the plaintiff’s attorney does not approve or fails to cooperate. Most lawsuit lenders prefer to work with experienced attorneys who have a proven track record in litigating personal injury cases, who understand how presettlement funding works, and who appreciate the advantages it can offer clients. Many experienced personal injury attorneys also take advances on their contingency fees so that they can run their firms and pay the expenses of litigation while they, too, await settlement of the case. Where the plaintiff is located. Litigation funding is a new and emerging industry. The regulatory framework in many jurisdictions has not caught up. At present, the federal government does not regulate litigation funding like it does many consumer lending products are. Therefore, regulation is left to the states and the court system. For the most part, legislators and judges recognize that litigation funding is not a loan. Even in those jurisdictions, lawmakers have attached some of the trappings of consumer regulation, like licensing, caps on fees, and disclosure requirements. Where the law is less settled, fewer litigation funding companies are likely to tread. Is pre-settlement funding a loan? Although many people call it a lawsuit loan, the transaction is not a loan at all. It is a vehicle for investors who, in essence, purchase a stake in the litigation. This is a non-recourse agreement. The plaintiff is not personally liable for repayment of the advances. The lawsuit lender, or more accurately, the litigation funding company, is paid out of the proceeds of the settlement or the judgment award if the case goes to trial. If the case does not settle, or settles for less than an amount necessary to cover expenses, the company may not recoup its investment, but it will never look to the plaintiff to repay any of the money it advanced. What is the downside for the plaintiff? While plaintiffs ponder the appeal of getting access to proceeds of an unresolved case, they should also carefully consider the consequences. In choosing to work with a lawsuit lender, the plaintiff trades the possibility of earning a higher recovery later for an immediate infusion of cash to cover present needs like replacing income or getting medical care. The plaintiff must also take care to ensure the company is experienced and reputable. Plaintiffs can increase their chances of finding an ethical lawsuit lender by making sure that the company is licensed, if required by their state, or that the company belongs to industry trade associations. Each organization requires that its members adhere to a list of best practices. By choosing a member company, a funding client can rest assured that the company subscribes to the highest standards in the industry. How do structured settlements differ from pre-settlement advances? Someone who settles a case or wins a lawsuit does not necessarily get paid in a lump sum. A structured settlement allows the defendant to pay the settlement or judgment award over time. It works like an annuity, allowing the plaintiff to receive the money in installments according to a negotiated schedule, and sometimes allowing the plaintiff to apply for payment as needed. The money will come either directly from the defendant in the case or as an annuity the defendant purchases from an insurance company. The terms of a structured settlement are negotiated as a part of the overall settlement or after a judgment is rendered. In contrast, plaintiffs receive presettlement advances often long before the case is settled. The litigation funding company takes on much of the risk that the case will not settle or that it will lose money if the case settles for less than the costs associated with litigating. On the other hand, if the settlement proceeds or judgment amount exceeds the cost of litigation, including the litigation funding company’s return on its investment, the parties may decide that the remaining payout to the plaintiff will be in the form of a structured settlement. Presettlement lending has grown exponentially in the 20 years since the first funding companies emerged. As more investors discover the potential financial rewards of purchasing a stake in personal injury litigation, plaintiffs like Angie will find that more money is available for presettlement lending. There is little doubt litigation and litigation funding will become more attractive to the plaintiff and the investor.
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Eliza Beth
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