Settlement loans are an easy and fast way to get some money during a pre-settlement or a post-settlement. Whether you have an unsettled case or even a settled one, these types of loans are helpful for people who are in desperate need of financial aid during a lawsuit or a legal process.
Lawsuit loans are usually helpful in cases where people are injured and are not able to work during the lawsuit. Medical bills will stack up but also your everyday bills as well. Not being able to pay for utilities or even food is very troublesome if you are injured and are waiting for the case to go through. That is why most people turn to lawsuit loans for help.
However, a much faster way of obtaining financial aids are same-day settlement loans. These work much faster and allow you to obtain the necessary funding you need for your case or your life needs.
How do Same Day Legal Loans Work?
People who have been injured and are waiting for the lawsuit to go through are able to qualify for a risk-free lawsuit cash advance for their needs. There is no credit, no added fees and no job requirements necessary for a person to apply and qualify for this type of loan. Additionally, plaintiffs are not required to make any kind of monthly payments. This is not a loan, but a cash advance funding on a portion of your expected settlement.
The fastest way to receive your necessary funding the same is to apply with a legal funding group and make sure your attorney sends the documents first thing in the morning. You or your attorney can do so in person or even by using their sites. But both the plaintiff and the attorney have to be present when signing the necessary papers hours after approval and before 3pm (bank wire cut time) in order to receive a same day lawsuit cash. It is also advised to consult with your attorney beforehand and making this decision.
After successfully applying, plaintiffs will be able to receive a cash incentive on the same day of application under certain conditions.
How do Settlement Loans Work?
You first have to understand that this is not a typical type of a loan. In fact, you are not borrowing money you simply apply for receiving funding for the necessities of your case. Therefore you are not required to pay back the loan that you have been granted.
The lender, on the other hand, will receive payment after your case has been settled. They are being paid based on the amount of the settlement a plaintiff gets. This can be predetermined depending on the firm.
Most of them also work only if you win the case. Meaning that you are not required to pay back the money if you lose. They are making a profit only if your case goes through successfully.
What are the Benefits of a Settlement Loan?
Basically speaking, settlement loans and especially same day loans are very useful as they allow you to get the necessary cash fast. People who are involved in an injury lawsuit or have been injured in a kind of an accident will need money to pay off the medical bills, their legal bills, and their everyday life bills.
This is particularly hard when a person is injured and cannot work. This is where the greatest benefits of these fast loans lie and enable one to quickly receive the money they need.
Cases Eligible for Lawsuit Cash Advances
There are many cases where one can qualify for a cash advance. Most of them are involved in situations where people are injured. Some situations involve:
If you have a similar situation like the ones mentioned above, you should start thinking about lawsuit loans.
Ready to get approved?
Baker Street Funding is a Premier Legal Funding Firm designed to strategically connect select funding opportunities with our extensive network of sophisticated partners and staff. If your attorney has been retained on contingency and you have a strong liability claim against a properly insured defendant, you may qualify for a pre-settlement advance, contact us to discuss your options. * The term lawsuit loans, lawsuit loan lenders, settlement advance loans, or lawsuit settlement loans may be used to refer to pre-settlement funding. Transactions facilitated by Baker Street Funding, are not to be considered loans. These transactions are non-recourse financing agreements, which means that we are making an equity investment into your litigation. If you lose your case, you are under no legal obligation to repay your advance. The word loan is strictly used for marketing optimization purposes and for easier comprehension for prospective clients. Our client relationships are paramount to us and we take the client education process very seriously. We provide legal funding and lawsuit cash advances in the following states, Alabama, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New York, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island,South Dakota, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming. We are currently NOT funding worker's compensation. We offer attorney funding and law firm financing in every state of the United States.
Historical returns do not guarantee future results. Baker Street Funding does not provide, legal, tax or financial advice and prior to making any financial decision, please consult a financial advisor or tax professional.
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