If you have a personal injury case ongoing g, you are eligible to apply and qualify for a lawsuit advance loan before you case is settled. Because of the difficult financial situations, many personal injury victims who have pending cases awaiting settlement have been saved by lawsuit advance funding which has empowered them financially. Many personal injury victims continue to choose lawsuit advance funding for various reasons and numerous benefits it has compared to traditional bank loans. Unlike a second mortgage or traditional bank loans, a lawsuit advance funding or loans have the following benefits.
When you are applying for a loan in the traditional financial institutions like banks, the first thing they will look at is your credit, however, with lawsuit advance loans, you will qualify for cash even with bad credit because their decision is based on your pending personal injury case. Two days is all you will need to know whether you have qualified for a lawsuit advance loan and how much you will get, this makes it a better alternative to borrowing from a bank where you might have to wait for several days or even weeks to know your fate.
With lawsuit advance funding you will get a reprieve from the bills and expenses that are quickly adding up as your injury case continues to drag in court and become a financially straining. Once you qualify for lawsuit advance funding, you will enjoy flexible payment terms; you will only be required to repay the loan once your case is settled, regardless of how long it takes.
Lawsuit advance lenders understand the people who have personal injury lawsuits pending have a variety of bills and expenses to take care of hence the lack of restrictions on how you spend the money. This loan will have zero effect on your credit score; no matter how large the cash advance is or what happens with your injury case, nothing will affect your credit score. You can get lawsuit advance to help you qualify for medical treatment if you don’t have insurance or sufficient medical coverage.
Lawsuit loans are beneficial because they are risk-free; if your injury case does not settle in your favor, you don’t have to pay the cash advance and you will owe nothing. Besides being risk-free, you will also enjoy competitive interest rates on lawsuit advances that you might not find in any other lending institution. These are the important reasons to apply for lawsuit loans if you have a pending personal injury case.