How to Get Lawsuit Funding Lawsuit Loan in 3 Easy Steps?

Written by admin on April 6th, 2011

No – Risk, Non-Recourse Lawsuit Loan

If you are a plaintiff, involved in a civil lawsuit and you are represented by an attorney, you may be eligible for an easy cash advance on your pending lawsuit settlement. This is also known as non- recourse lawsuit loan, lawsuit funding, pre-settlement lawsuit funding, funding lawsuit, lawsuit advance funding, lawsuit cash advance, lawsuit cash, lawsuit advance and lawsuit loans.

Lawsuit Funding is a Non-Recourse Lawsuit Loan:

Lawsuit funding or lawsuit loan is a loan that is secured by only your lawsuit as the collateral. If you the plaintiff the borrower does not win or settle your lawsuit, you do not have to pay back to lawsuit loan funding company. This is one instance where the borrower does not have personal liability for the loan. What is a Lawsuit? :

A lawsuit is a civil action brought before a legal court in which the party commencing the action, the plaintiff, seeks a legal remedy. If the plaintiff is successful, judgment will be given in the favor of plaintiff, and a range of court orders may be issued to enforce it.

It is not a deep mystery that wealthy defendants including insurance companies, with lot of money and vast resources can afford to have full solid teams of attorneys at their disposal to handle lawsuits. Their main aim is to make lawsuits go away if they can, or to delay a resolution and keep lawsuit settlements and judgments as low as possible.

Most plaintiffs involved in lawsuits are ordinary people, who can barely afford the money to get their lawsuit off the ground, much less sustain it for years. They have family to take care and they have to pay mortgage, rent, car payments, monthly bills, childrens educational expenses, medical bills etc. They need some solution for their immediate financial needs. Ready money works great cures.

What are the other available alternatives?

1. Loans from friends or family: This is high risk, especially if, you lose the lawsuit and you may not have the money to pay back their loans. But that is not with lawsuit funding as it is a non-recourse lawsuit loan.

2. Get cash, using your own credit cards: This is an expensive alternative and you still have to pay your monthly credit card bills. But lawsuit funding is a non-recourse lawsuit loan, which you pay back to lawsuit funding company only if you win or settle the case.

3. Take out a loan from bank: Banks do not generally make loans against future lawsuit settlements. They may offer a personal line of credit based on your credit worthiness. Even if you do qualify, you have to start paying back a bank loan right away and continue making payments until loan is paid off, even if you lose your case. But this does not apply to your non-recourse lawsuit funding or lawsuit loan.

4. Obtain a home equity loan or second mortgage funding: This option is extremely risky. If for some reason you do not win your lawsuit case, you could lose your home. But that is not with the lawsuit funding or lawsuit loan.

Rich or poor, what one needs is enough money to take care of immediate needs. Unfortunately, none of these options listed solve your immediate financial problems without risk. In fact, each one could actually add to your financial burden and the emotional stress on your family. The best option is lawsuit loans or lawsuit funding.

You can get your Lawsuit Funding Lawsuit Loan in 3 Easy and Simple Steps:

1st. Step – Submit the Easy and Simple Application: When you apply for lawsuit loan there is no application fee. A good lawsuit funding company should not charge any upfront fee or any application fee, processing fee or any monthly fee.

2nd. Step Your attorney faxes the required documents to lawsuit funding company. Approval for lawsuit loan is always fast. Mostly in 24 to 48 hours (some times in 4-6 hours).

3rd Step – If approved for lawsuit loan, funds are wired into your bank account, the same day. Of course, you can take a bank check also.

Once you get a lawsuit loan, you pay back to lawsuit funding company only and if you win or settle the case. If you lose your case, you do not owe the lawsuit funding company anything. The lawsuit loan advanced to you is yours to keep.

The lawsuit loan or lawsuit funding is the totally safe, secure, no-risk solution. You only repay if and when you win your case. This protects your family, assets and any needless jeopardy to your credit history.

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