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What Is A Lawsuit Loan Cash Advance?

March 15th, 2022

What Is A Lawsuit Loan Cash Advance?

Did you know that if you’re involved in a personal injury lawsuit that the cards are stacked against you? Most of the time you’ll have to settle for much less than you are legally entitled to because you won’t have the financial ability to hold on long enough for your attorney to get the most money for you.

Knowing this, your opponent, usually a large corporation with a battery of defense lawyers, will “starve you out” and, finally, offer to settle for pennies on the dollar.

You won’t have a choice because you may be off work with bills piling up and your mortgage falling behind.

We’ve all known people, either friends or relatives, who have lost everything trying to wait for their settlement to come through.

Good News

A lawsuit loan cash advance can come to the rescue. A lawsuit cash advance requires no credit checks or income verifications. You don’t have to make monthly payments. It’s due as a lump sum when you receive your settlement.

Lawsuit loan cash advances are made on a portion of what the lender reasonably expects you’ll be able to settle your case for. Typically, it will be 10%-15% of that amount.

While the repayment rates on these kinds of loans are much higher, you can understand that the risk is extremely high for the lender. One reason is that if you don’t win your case, you don’t have to repay the cash advance.

Some of the common types of lawsuits that can qualify for a lawsuit loan cash advance are: Accident, Breach of Contract, Civil Rights, Class Action, Construction Negligence, Legal Malpractice, Motor Vehicle and Passenger Injury, Medical Malpractice, Pharmaceutical, Product Liability, Trucking, Workers Compensation and Wrongful Death.