Personal Injury Settlement Advance Myths Exposed
A lot of conflicting information exists about personal injury settlement advance funding, and making sense of it can be a daunting task. In this article we tackle the myths about personal injury settlement advances, revealing the truth about cash advances for lawsuits. Read on for accurate, honest information about money for pending lawsuits.
Myth #1: Advance for Lawsuit Cash is a Loan
Due to the inaccurate usage of terms like legal loans and lawsuit loans, many plaintiffs are under the impression that personal injury settlement advance is a loan. This is an incorrect assumption: an advance against a settlement is exactly what the name suggests – a cash advance on your pending personal injury settlement, and you only pay your advance back if your case settles.
Myth #2: Money for Pending Lawsuits Requires Good Credit
False: you absolutely do not need good credit to receive personal injury settlement advance funding. Your advance for lawsuit is an advance cash settlement based on a percentage of your projected settlement. Because you only repay the lawsuit cash advance if your case settles, money for pending lawsuits does not require you to have good credit.
Myth #3: Only US Citizens Can Get a Personal Injury Settlement Advance
Another advantage of the personal injury settlement advance is that anyone currently in the midst of a personal injury lawsuit is eligible to apply. You do not need to be a US citizen to receive money for pending lawsuits, nor do you have to have a US green card in order to qualify for lawsuit settlement cash.
Myth #4: Applying for Advance for Lawsuit Cash is Risky
Once again, this is not the case – applying for an advance for a pending lawsuit is risk-free! You only repay your personal injury settlement advance when your lawsuit settles. Let’s imagine you qualify for a loan, and complete the often laborious application process in time to finance your personal injury lawsuit. What happens if you lose your case? Now your already precarious financial situation is compounded by an outstanding debt which only grows over time. Not only did you fail to win your case, you now owe more money than you did going into the lawsuit. Lawsuit settlement cash advances, on the other hand, are risk-free. If you do not receive a settlement, you do not pay back the personal injury settlement advance. When it comes to receiving money towards pending lawsuits options, with a lawsuit settlement cash advance, you’ve got nothing to lose and everything to gain. Contact Woodbridge Pre Settlement Funding today for a free lawsuit cash advance quote.
Don’t wait for your settlement, get the cash you need today!