Personal Injury Advances Are Quick And Easy
Personal injury is often caused by the negligence of another person or entity. Victims of personal injury by negligence may be eligible for compensation for their injuries provided that the responsible party has enough insurance coverage to take care of the damages. Personal injury cases in the US increases steadily each year. Many of the less catastrophic injuries are settled out of court, while many must go through the clogged legal system. Personal injuries
can cause financial burdens for the victims or their families. This is where a lawsuit advance can help.
Personal injury advances are a way to get cash before the case is settled. This means that you can get an advance against the successful recovery of your case. This is cash that can be used for paying bills, credit cards, medical expenses, and so on. You use it however you wish. These are non recourse fundings that are only paid back when and if your case has a successful recovery. Advances also help your attorney to get a better settlement for your case because they can focus on your case and get the best possible value for you.
There are many types of personal injuries that can be funded, although there are some lenders that only do certain types of cases. Be sure to do the research before applying.
After you apply for a personal injury advance, the lender will be in touch with your attorney to determine the strength and value of your case. The lender will require certain documents from your attorney to determine the viability of your claim. Because the lender takes the risk, it is important for them to only invest in the cases that they feel have the best chance of being compensated.
When the case is approved, a contract is sent to your attorney and if you agree to the terms, the contract is signed ands then faxed to the lender. The lender will advance up to 10% of what they feel your case is worth.Your cash can be received within 24-48 business hours of receiving the completed contract. The contract outlines what the payback is, based on the amount of time it takes to settle your case. The rate of interest varies from 2.99% up to 5.99% depending on the risk of your case. Rates are higher than bank rates because the lender takes all the risk. Bank loans, however, must be repaid each month.
There are no credit or employment checks or co-signers needed, and there are no upfront fees to be paid.
Lawsuit advances can help eliminate the stress of financial burdens.
Freedom First Funding is a legal funding service that matches plaintiffs that are looking for cash advances, with lenders that invest in these types of cases. If you are looking for a cash advance, please call us or visit us on the web.
350 892 6667 Toll Free: 877 386 3374
No comments:
Post a Comment