05 Jul How to Get a Loan While Waiting for a Pending Lawsuit to Settle
Lawsuits and personal injury claims can be costly, more so than most plaintiffs think at the beginning. Not long after filing a lawsuit or a claim, however, plaintiffs come face to face with unexpected fees and expenses. This is made even worse if they are left dealing with medical bills, living expenses, and missed wages as a result of the injuries they sustained.
Here at Certified Legal Funding, we specialize in helping plaintiffs get back on their feet while they wait for their settlement or a court ruling by providing them with funding for lawsuits. Here is everything you need to know about getting a loan for legal fees and lawyer expenses.
Pursuing a civil case can be a lengthy, slow process
While you wait to settle your case, medical bills and living expenses pile up, and some personal injuries can force victims to miss work in order to focus on recovery. Just a couple of missed wages will have you burning through your savings, and even if you are certain you will receive a settlement, the time in between will put tremendous stress on your bank account. This is when many will turn to banks and traditional loans.
Banks are not always the best option
There are various reasons to reconsider applying for a traditional loan. For starters, bank loans are to be repaid regardless of the outcome of your case. Pre-settlement funding, on the other hand, is a non-recourse debt which means you do not have to repay it if you happen to lose your case.
Pre-settlement funding, although often referred to as legal finance loans, is not a loan, but an advance against your compensation. If you are not awarded compensation, you are not required to repay the pre-settlement accident lawsuit funding.
Here at Certified Legal Funding, we made applying for pre-settlement funding as easy as ABC
We understand that plaintiffs considering applying for pre-settlement funding have a lot on their plate and are experience immense amounts of stress on a daily basis. This is why we focused on simplifying the entire application as much as possible. In fact, we found a way to do most of the work with your attorney and allow you to focus on recovery. Here is what the entire process looks like.
Contact Certified Legal Funding
The only thing you need to do is to fill out the short application form on our website. The form is short and straightforward – all you need to enter are your contact details and your attorney’s information. If you do not feel comfortable filling out the application form, you can always give us a toll-free call at (800) 922-7439 and we can help you apply over the phone.
We take care of everything with your attorney
Once you apply, Certified Legal Funding will work with your attorney to review your case and go through the required information. If your case qualifies, your attorney will receive an agreement outlining how much of your settlement Certified Legal Funding is willing to purchase. Then, you and your attorney can review the agreement and sign it.
Receive your cash
The final step is getting your money. You will receive the cash in less than 24 hours after signing the agreement, and you get to decide how you spend it.