Pre Settlement Loans are the loans that are drawn before the settlement of the lawsuit. These loans can be paid on a monthly or some periodic basis depending upon the settlement of the case. If you have a lawsuit, and you have a pending case to get settled, you can make use of this loan. These loans have been in practice since 1970s. But, it has reached its top only in the year 1992. Depending upon the merits of the case, you can get benefits for the case. For personal injuries, these types of loans can be applied but it is required that you should have a personal injury lawsuit.
If you have pending medical lawsuits, you can use that to pay the pending hospital bills or doctor fee etc. This will help the litigants when he got involved in an accident and he can use that money to run his family. You can use the money till you get a job and no person will question you about spending the money. With this money you can pay all your pending bills and you can also hire an Attorney for your case. The Attorney helps in winning the case. So, the benefits can be easily gotten for these loans.
If your lawsuit does not win, then the amount borrowed need not be repaid. It has to be repaid, only if the case wins. The justice can be got for your case and there is no need to sell any for the case like house or car or bike. The investors or lenders will be many and according to the advice of the Attorney since he knows fully about the law, the plaintiffs can make use of his Attorney’s advice. We will review the nature of the case details and discuss with our team and check whether the reason for the case applied is strong enough and consider about approving the case, if the reason is valid.
First, one of our members call the plaintiff to know about the details of the case and we discuss about the case in brief with the Attorney. The plaintiff is kept informed about the processes made by us. The Attorney has to be kept informed about the cases since he is the only person to support the plaintiff and he fights for the plaintiff in order to win the case. However, there should not be any money dealt between the Attorney and the plaintiff.
The loans can also be applied to truck accidents, auto accidents and also for motorcycle accidents. These accidents are common in the United States of America. Usually these types of accidents cause a lot of injuries and sometime can even result in death. The plaintiffs make use of this loan when they happen to involve in these types of cases. We have a trained team of professionals who understand about the seriousness of the case and help the plaintiff in whatever ways we can. Whenever you are in need of money, you can make use of our settlement loan with a valid lawsuit.