Are you currently involved in a personal injury lawsuit as the plaintiff? Have you hired your lawyer on contingency, and does he or she expect that your case is likely to settle or be awarded a monetary amount by a jury? Are you having difficulty paying bills while you wait?
There is a little-known financial option available to you (providing you meet the above requirements) that can help you pay bills with no risk, no obligation, while you wait for your personal injury case to settle out of court or to receive a jury award. This option is called a personal injury loan, or lawsuit loan.
Personal injury loans are just that, loans, but they don’t work anything like traditional loans. You don’t need collateral, you credit history or other financial information will not be checked, and you don’t have to pay the money back unless you win your case or settle out of court.
How to qualify for personal injury loans
You can only qualify for personal injury loans if you’re the plaintiff in a Arlington personal injury lawsuit and your case is likely to settle or to win in court. Your lawyer must also have been hired on contingency, and he or she must agree that it’s a good idea for you to get one of these loans. If you meet these qualifications, however, the application process is simple. Just apply, and the company you choose will take a look at your case. If they deem that you are a plaintiff in a valid personal injury lawsuit, it’s likely that you win or settle out of court, and your lawyer has signed off on it, too, you’ll qualify for the loan.
How much money can you receive from one of these loans?
In general, you’ll receive about 10% of your expected jury award or settlement.
Will you need to pay the money back?
If you win your case or settle out of court as is expected, you’ll need to pay the money back to the company that lent it to you, plus fees and interest. However – and this is very important – if you’re deemed eligible for these loans and you do receive the money, you don’t have to pay it back if it actually turns out that you don’t win your case. Instead, you simply walk away from the loan free and clear, and get on with your life. That’s very different from a traditional loan, which will need to be paid back no matter how your case turns out.
Ready to ease your financial worries? Apply for personal injury loans with your lawyer’s approval, and get the money you need quickly and easily. contact Elizabeth Tuomey for more information.