It is not uncommon for personal injury cases to last two to three years. While this may not be a long time for a large insurance company, it can be an eternity for an accident victim who may be unable to work, in need of medical treatment, and struggling to pay their bills. With their lawsuit dragging on, many accident victims find themselves asking, “Should I get a loan on my settlement?”
Loan on Future Settlements
Personal loans on future settlements are rarely a good idea. For plaintiffs already experiencing financial hardship, the added burden of a loan can be catastrophic. If the case doesn’t settle, the accident victim is in a terrible position – in addition to rent, car payments, medical care, and day to day expenses, they now have to pay back the loan. Fortunately for individuals with a pending personal injury case, loans on settlements are not the only way to fund a lawsuit. Pre settlement funding helps cash-strapped plaintiffs fund their cases without plunging them deeper into debt. Accident victims do not have to choose between settling early – usually resulting in a smaller award – or taking out risky loans in order to keep their case alive. Pre settlement funding provides the support, without the added stress of a personal loan. Unlike settlement loans, pre settlement funding is risk-free.
Pre Settlement Funding
Pre settlement funding is a powerful tool for plaintiffs because it is not a loan on future settlement earnings. Also known as a lawsuit cash advance, pre settlement funding is a sum of money advanced to plaintiffs based on the projected amount of the settlement in their pending lawsuit. Unlike loans, the advance is only paid back when the lawsuit settles. If there is no settlement, the plaintiff is not required to repay the advance!
Pre settlement funding is fast, legal, and safe. Unlike a settlement loan which can place the borrower in a more difficult position, a lawsuit cash advance gives the plaintiff all the benefits of settlement funding without any of the risks. Why get a loan on settlement when you can apply for pre settlement funding? Contact Woodbridge Pre Settlement Funding today (1-866-865-7044) to speak with an advisor, or visit the website for a free quote. It is quick, easy, and all information is kept strictly confidential.
Don’t wait for your settlement, get the cash you need today!