Structured settlement loans are the loans that are extended to the plaintiffs, who cannot wait for the structured payment plan. This loan is extended using structured settlement as security for the loan amount. The main idea behind this loan is to help those who are in need of financial help to pay unexpected bills such as medical expenses, debts, car repairs and so forth.

A structured settlement loan is an arrangement where the beneficiary takes a loan using settlement payments as collateral for the loan. Even if the settlement provides for an immediate payment, the first payment may not be received even after several days from the day of settlement. If the beneficiary needs funds on urgent basis, then he/she can choose to obtain funds through this loan.

Benefits of Structured Settlement Loans:

These are meant to give you a more stable financial condition for a long term thereby giving you a chance to free yourself from payment of bills and other expenses. Before applying for this loan, you must keep yourself abreast with the pros and cons related to the settlement loans. With the right information, you could get the maximum out of your annuity. Several advantages of these loans are given below:

• Numerous people avail benefit from structured settlement payments, especially those who are no longer able to withstand their abilities to secure employment. Because of settlement payments and loans, they can still keep their finances safe being fully or partially unemployed.
• Some people prefer getting a big amount of money, instead of small installments at regular intervals. So, they sell their settlements by applying loans so as to get enough money in case of any emergency like accident.
• Applying for these types of loans prove best for those who have enough business knowledge and can use the cash on these ventures to gain more profits in quick time.

Some of the pioneer companies cater the needs of their clients by offering a wide spectrum of structured settlement services which include:

• Administrative and technical support
• Training sessions and seminars
• Real-time support
• Round the clock consultation
• Non-biased and confidential services

If you interested in taking this loan, then you must consult with your legal representative that whether this action is in your interest and you will benefit from it or not.

Legal loan is also known as lawsuit finance, lawsuit cash advance, plaintiff cash advance and pre-settlement loan. Such funding can ease the financial pressure of the litigant and allow him/her to manage the family expenses and other bills like home rent, legal fees, medical bills, utility bills accordingly.

Where to take Legal loans from?

Legal loan or Lawsuit cash advance can be easily taken from the financing firms. These funding companies act as a lifesaver for the litigants who are struggling to face the legal cases due to uncertain financial burden. The third party funding company provides cash to the accuser before the case gets settled, so that they can meet their financial needs. With the help of the legal loan, the litigant can also easily manage their pending bills, debts, rent and other expenses.

The lawsuit loan is not exactly like the conventional loan but on the contrary, it is a kind of cash advance that is offered to the accuser that is non-recourse in nature. This means that you repay the allotted fund to the financial company only if you win the case or the lawsuit is settled in your favor. On the other hand, if you lose the case or the amount that is obtained from the funded company is not greater than the borrowed fund, you are also not liable to repay the same.

Who can obtain legal loan?

Any plaintiff, who is facing financial problem due to lawsuit, can easily apply for lawsuit cash advance so that he/she can manage the financial hardship during the litigation. Moreover, litigants falling under the case of auto/vehicle accident, pharmaceutical cases, sexual abuse/harassment, life insurance buy-outs and others can also apply for legal lawsuit fund. There are no terms and conditions that are required to fulfill to receive lawsuit loans. It is directly provided to the plaintiff on the basis of a strong case.

Legal/lawsuit funding is also explained as a proven process where cash loans is offered to the plaintiffs in order to meet the financial crunch that has been evolved due to an ongoing litigation process. Using these legal funding loans, the accuser can easily meet the growing household expenses and other regular expenditures as well.

Why personal injury lawsuit funding is beneficial?

Injured plaintiffs who have met with an accident due to the negligence of another person have their own financial concerns. No matter, whether the plaintiff has been injured due to medical malpractice, motor vehicle accident, construction accident or another type of personal injury, it is obvious that he/she would be struggling with physical and financial costs. Thus, to meet this uncertain burden, lawsuit funding or cash advance is offered to the plaintiff before the fair settlement is reached.

Personal injury cases can go on for years and in between the litigants have to pay their medical bills and even run their household activities, which is very much impossible to continue if he/she does not have huge bank balance. In this case lawsuit funding is very much beneficial as with this financial resource at least one can manage and meet up his/her living expenses and wait until the case to get settled.

So, if you are facing financial loss to meet and pursue the ongoing legal claim, then it is better to seek the assistance of lawsuit financing company. There are different funding companies that are ready to offer instant solution as assistance to your financial problem. These third party funding organizations also enable you to conveniently cover up your living expenses until the case gets settled.

The funding company measures straight forward claim process mechanism, which means that from the time you apply for the cash advance, you get the approval within 24 hours. Moreover, no monthly fee is also needed to be paid to the funding company but on the contrary you repay the advance money with low interest rate only if you win the case.

Litigation funding is mainly defined as a kind of commercial agreement that is dealt between the lawsuit funder and the litigant. Here, the third party funder accords to bear the legal expenses (some or all) of the litigant, so that the plaintiff can easily manage his/her expenses with it. Though it is a non-recourse loan, but the funder agrees to shell the amount in return of some advantage mainly in general to owe a percentage of the earnings. However, if the action of funding goes unsuccessful, the funder does not acquire anything in return.

Benefits of Litigation finding:

• The legal financing can assist the plaintiffs to avoid financial disaster during the lawsuit process and even alleviate the cash problem as well.
• The money that is being funded by the third party finance company can be used not only for the litigation but to meet different personal matters like foreclosure, bankruptcy and many others.
• It can also be utilized to manage child support and even manage the health and quality of the life of the plaintiff.
• Legal financing allows accusers to meet up the prevailing financial ruin and continue litigating their lawsuit.
• With the pre-settlement loan, the plaintiff can also handle their bills and expenses.

Thus, litigation funding brings up benefits for the plaintiff as they need not have to put the funded money at risk or even sell their assets to pay the legal fees.

There are many groups of third party organization that provide lawsuit funding to the accusers, to meet their cost and manage the legal proceeding until the case gets resolved. You can easily hire their services but before that, you need to go for a stringent market research and hire the most reliable and trustworthy financing authority that could function in your favor. If you lose the case, you are not bound to pay back the litigation fee on the contrary, if you win the lawsuit, you need pay certain percentage (money back) to the funding authority added with specific interest rate.

Call Us Today 866-WE-FUND-U / 866.933.8638

About the author
Michael Smith is the Customer Experience Director at 911 Lawsuit Loans LLC and is responsible for client relations throughout the funding.
Author:Mike Smith
Google

Sadly, many plaintiffs who remain jobless today face this situation while they wait for their settlement. While getting an injury lawsuit loan may seem like a promising option, one would need to know and think about many things before opting for one. Accordingly, here are some of the more important factors you need to know about personal injury lawsuit funding.

Get the Basics right

What exactly is an injury lawsuit loan? In the case of an injury, you can get a loan from a lawsuit funding company. The money that you get would be calculated as a percentage of injury claims you have mentioned in your plaintiff. Once the case settles, the company would retrieve the amount from the settlement that you receive.

Extremely High Fees

Even though a lawsuit funding company would offer very low upfront fees, they would tend to charge you for their services later. No company would take the risk of backing your case without expecting a substantial amount as settlement. So ask about advance amounts as well as fees and interest rates before choosing a company to approach for your loan.

Informed Resources

A company offering personal injury lawsuit funding would definitely want to go through your medical records to check if your claims are true and stand a chance in court before lending the money. Would you really be comfortable sharing personal details about your health with complete strangers?

Waiting Period

Some cases may end soon while others may take a long time in court. In this case, you may have to shell out more money in terms of interest charges.

Compounded Interest Rates

Don’t go by the initial interest amount advertised by the company. Ask how often this rate would be compounded as this would make a remarkable difference in the final amount that you pay.

Check for Caps

Some lawsuit funding companies would stop adding interest after a certain period, thereby reducing the total amount you need to pay at the end. So check for these caps and try to negotiate them into your deal.

Call Us Today 866-WE-FUND-U / 866.933.8638

About the author
Michael Smith is the Customer Experience Director at 911 Lawsuit Loans LLC and is responsible for client relations throughout the funding.
Author:Mike Smith
Google

How long have you been in the business?

A lawsuit funding company would need to be well established as well as experienced to handle lawsuits effectively. As such, you need to check the company’s website to determine its age and expertise, as well as reviews posted by other customers before taking a decision.

What are the rates you ask for lawsuit funding?

Companies offering legal financial solutions would vary in their funding rates depending on factors like the case strength and history, the amount of risk and the loan amount. Ask the lawsuit funding company about the rates it would charge you on its lawsuit cash advanced. Check this rate with the rates offered by other companies and ask for a competitive price that would suit both parties.

Do you charge broker fees?

Some companies tend to charge broker fees additionally (as they would not be the original lender) which can turn out to be very expensive for you. So, make sure you check whether the lawsuit funding company you opt for charges broker fees. This would prevent unnecessary hassles later on.

When do I need to repay the loan amount?

In most cases, the lawsuit funding company should provide funds based on a non-recourse basis. This means you would need to repay the company only if you win the case. As such, the company should not charge you any monthly repayments during this period.

Which states do you operate in?

Certain companies offering legal financial solutions do not operate nationwide. So, ask the company about the states they operate in and check if your state appears in this list. This would prevent unnecessary hassles later on.

Can you provide references?

In addition to reading website reviews, you can ask a company offering legal financial solutions to provide references in the form of previous clients and happy customers. The company must be more than willing to give you at least a few contacts to speak to. If it hesitates in doing so, move over to another lawsuit funding company.

Call Us Today 866-WE-FUND-U / 866.933.8638

About the author
Michael Smith is the Customer Experience Director at 911 Lawsuit Loans LLC and is responsible for client relations throughout the funding.
Author:Mike Smith
Google

Repayment only after Settlement of Case

Also called as Pre-Settlement Funding, this legal funding option can help you clear all your bills and keep you financially afloat until your case settles and you get the payment you claimed. Therefore, if you are seriously considering about opting for a financial institution to fund your lawsuit, here are some of the other benefits you can get from the same.

The biggest highlight of opting for litigation funding is that you get to repay the loan amount only when your case is settled in court. If you win the case, you can repay the loan amount (which would usually be a percentage of the total amount you would get as lawsuit settlement when the case ends). However, if you lose the case, you do not need to pay the company anything. This would reduce the financial burden of paying out monthly settlements in case you are already low on cash.

Assured Sum for Legal Costs

Unlike other loans that would let you get a significant amount and then plan it over a course of period to cover the costs of your lawsuit, a loan from a litigation funder would assure to cover the costs of your lawsuit, no matter how high they may become in the future. This way, you don’t need to worry about running out of cash midway.

No need to sell Investments or Assets

Individuals fighting tough lawsuits would usually tend to sell of their properties, assets and investments in order to cover the costs of the same. Opting for litigation funding would enable them to get the money they need without selling off anything to pay legal fees.

No interference in Business Ventures

In the case of commercial litigation funding, a commercial entity can use the loan amount to pay the legal fees without diverting money from other venues like hiring, expansion and upkeep, etc. Therefore, the commercial entity can continue to fund these activities without worrying about using the money to pay for the lawsuit.

Extra Strength to Fight the Lawsuit

It is a known fact that a plaintiff would stand a higher chance of winning the case if he/she is well funded. Litigation funding can provide these individuals with the essential monetary strength they need to face the court proceedings until the end instead of backing off due to lack of funds midway.

Call Us Today 866-WE-FUND-U / 866.933.8638

About the author
Michael Smith is the Customer Experience Director at 911 Lawsuit Loans LLC and is responsible for client relations throughout the funding.
Author:Mike Smith
Google