Siegel Legal Blog

Injury victims often settle with the insurance company for a low-ball offer, simply because they desperately need the money to pay bills.  Pre-Settlement funding lawsuit loans provide immediate financial relief, so that you and your attorney can fight for full compensation instead of simply settling for what the insurance company offers. If you are unfamiliar with settlement funding, you will find the following information very enlightening.

With settlement loans, the funding company actually purchases a portion of your expected settlement.  That is, they advance those who qualify a certain percentage of the expected winnings, usually about 10%.  If you are approved, you can expect to have the money you need to pay past due bills, medical expenses, attorney fees and other costs within 24 hours.  This is a non-recourse process, which means that you only repay the settlement funding company if you are awarded a settlement.  In the event you do not win, you owe nothing.

There is no red tape such as you typically find with conventional bank loans.  With settlement loans, the funding company is only interested in how you became injured, as the company wants to ensure that yours is a strong case before a loan is granted.  You will never be asked about current or past employment, credit score or other personal information.  Once your lawyer submits the required documentation to the settlement funding company, it is reviewed quickly for approval.  Essentially, you can get the money you need right away, without waiting for days or weeks.

Insurance companies get in no hurry to pay out claims; personal injury lawsuits usually take weeks or even months to complete.  Meanwhile, it is getting harder and harder to pay your bills, due to added medical costs related to your injuries, lost income and other factors.  Even though you are injured and in pain, life goes on – and creditors want their money.  Settlement loans make it possible for you to pay your bills and live without the fear of financial catastrophe while your attorney fights for the full compensation you deserve.

You don’t have to worry about out-of-pocket expenses, monthly payments or anything that will further add to your financial burden with settlement loans.  You simply repay the funding company when you receive your settlement, plus a small fee and interest.  Should yours be a structured settlement, you can simply repay the advance using the payments you receive.

Instead of simply taking whatever the insurance company offers you, why not fight for the full compensation you deserve?  Settlement loans help level the playing field against insurance companies.  Your attorney will have the time and resources to build a strong case, while you have the money to pay bills and keep the wolves off the door.  Settlement funding isn’t for everyone, but your attorney can help determine if it would be the answer to your financial needs.

If you are an individual who was injured because of someone else’s negligence, you may have heard the term “lawsuit loans” and been curious as to exactly what this means.  Rather than an actual loan, lawsuit loans are simply a cash advance that is given against an expected settlement to an injured victim awaiting resolution of his/her claim.  If you feel that you have a strong case, it is likely you will qualify for litigation financing.

Why do injury victims need lawsuit loans?  Frequently, victims find themselves facing severe financial issues, which may by due to extensive medical costs related to their injuries, lost income when they are unable to work, etc.  However, creditors are not forgiving; they still expect to receive payment, regardless of your circumstances.  While you are awaiting settlement, you may be getting deeper and deeper into debt.  This is where litigation financing comes in; your attorney will work with you to determine if lawsuit loans are an option you may want to consider, so that you can live comfortably and avoid money problems while waiting for compensation.

There are several advantages offered by lawsuit loans that you don’t find with conventional loans.  First, there are no out-of-pocket expenses, and you will never be asked for information regarding your credit score, employment or other background details.  Litigation financing companies are only interested in the details of your accident and resulting injuries, nothing else.  Second, if you do not win your lawsuit for any reason, you do not repay the advance.  Third, you will not be required to make monthly payments to repay the loan, and only repay the money once you receive your settlement.  Essentially, those who qualify for lawsuit loans are at no risk whatsoever.

How much will you be advanced if you qualify?  Generally speaking, most litigation financing companies advance approximately 10% of your expected settlement.  For example, if your attorney expects that you will be awarded $125,000, you will likely qualify for about $12,000 to $13,000.  Lawsuit loans allow you to pay household bills, buy groceries, pay medical expenses and other costs.  This means that you are never forced to settle for far less than you are entitled to from the insurance company, which many injury victims do simply because they desperately need the money.

With lawsuit loans, you will pay a small fee and interest when you repay the advance.  However, most individuals find that even after repaying the loan, they keep far more money than what the insurance company offered.  Discuss the possibility of litigation financing with your attorney today, and put your financial worries behind you.

When you are injured in a car wreck, at work, due to medical malpractice or in any other situation caused by the negligence of another party, it can cause financial devastation.  You may be hospitalized for a prolonged time period, unable to file a claim until you are back on your feet.  If you are unable to work, your income is reduced.  Settlement loans help those who have been injured pay bills, medical costs and other expenses while awaiting settlement from the insurance company or through jury award.  If you are not familiar with settlement funding, this article will help clear up some of the questions you may have.

Insurance companies generally do not pay injury victims the fair compensation they are entitled to.  If you are receiving medical treatment and unable to work, you can imagine the costs you face, and how they may quickly escalate until you have no financial resources left.  Settlement loans allow you to live comfortably and pay your bills whether you or your attorney are working with the insurance company, or have taken your case before a jury to be settled.  Unlike other conventional loans, settlement funding is a quick and easy process; in fact, you could have your money the same day you apply if you qualify.

You may be thinking, “If I already have problems paying my bills, how can I possibly repay a loan?”  With settlement loans, the money given to you by the litigation funding company is actually an advance against your pending settlement.  You do not repay the money unless you win your case, and there are no monthly payments to worry about.  In the event that you are not awarded a settlement, you owe nothing to the settlement funding company, because the process is non recourse.  This means that you are at zero risk, unlike with conventional loans where you may default on the loan.

With settlement loans, there’s a very good chance you will qualify as long as you have a solid case.  Your attorney will submit the necessary information, which is regarding only the details of your accident and injuries.  There are no questions about employment, credit history or other background information.  Settlement funding companies are not interested in other aspects of your life, only your case.  There are no out-of-pocket expenses involved to further aggravate your debt; you repay the loan only at the time you win and have access to your money.

Typically, settlement loans allow you to get an advance of approximately 10% of your pending settlement.  This money can be used to pay household bills, buy groceries, have repairs to your car if it was damaged in the accident that caused your injuries.  You can focus on healing and winning your lawsuit, without worrying about how you will put food on the table and pay the bills.

Settlement funding is the easiest – and smartest – way to get the money you need right now, without putting yourself at risk.  Are settlement loans right for you?  Talk to your lawyer about the process, and whether it may be beneficial for your unique situation.

Lawsuit loans are simply an advance against a pending settlement with the insurance company or jury award when you’ve been injured due to someone else’s carelessness.  For example, if you have suffered injuries in a car, truck or motorcycle accident caused by someone else, or even because of defective products or medical malpractice, you deserve compensation for costs associated with your injuries.  However, insurance companies rarely offer victims what they are entitled to.  Lawsuit loans enable your lawyer to work through the process of obtaining full compensation for you, while you are able to pay your bills and live comfortably throughout the process.

Until you are the victim in an accident, you never realize how being injured can impact your life.  Because of your injuries, you may be unable to work for the short or long term.  Your injuries will likely result in substantial medical expenses.  Even if you lived comfortably before and enjoyed a nice income, you may find that you’re facing financial issues you never dreamed possible.  Lawsuit loans allow you to buy groceries, pay your utility bills, attorney fees and even have your car repaired.  Essentially, litigation funding helps you avoid the possibility of bankruptcy, harassment by creditors or even losing your home because of your injuries.

It’s easy to just accept what the insurance company offers and move on – but it definitely isn’t smart.  Insurance companies pay only a small percentage of what you actually deserve; after all, they are in business to make money.  You may be tempted to file a lawsuit, but worry that you simply cannot pay your bills during what may be a process that takes months to reach completion.  This is precisely where lawsuit loans come in.  If you qualify, you can get an advance of as much as 10% on your expected settlement now, so that you can live a normal life through the next few weeks and months as your attorney fights on your behalf.

How do you repay the litigation financing company?  You only repay the advance at the time you have your money in hand, not before.  If something happens and are not awarded your settlement as expected, you owe absolutely nothing.  This means that you can have access to a portion of your money right away, with absolutely no risk to you.  If approved, you can expect to have the money you need right away, usually within 24 hours.

With lawsuit loans, there are no upfront fees or out-of-pocket expenses to put you further into debt.  The information required by the litigation financing company pertains only to the details of the incident and your lawsuit, nothing else.  No background or credit checks, employment verification or other information that is typically required with other types of loans.

Are lawsuit loans the right solution to your financial dilemma?  Possibly.  Speak with your lawyer about the litigation financing today, it could be the answer you’ve been looking for.