
A lawsuit loan is a non-recourse advance against the expected proceeds of a pending lawsuit. While you may have a very good case, it will very likely be months or even a year or longer before you see any cash. Lawsuit loans bridge the gap by providing you with immediate cash.
Lawsuit Loans Fill a Financial Hole
Lawsuit plaintiffs often find themselves in a financial hole. They’ve missed work and fallen behind on their mortgage or rent, car payments and other obligations. And while they may have a perfectly valid legal claim, it takes from 10 months to as long as 18 months or more for lawsuits to come to trial in the US and Canada. How do lawsuit plaintiffs pay their bills – and maintain just basic lifestyles – while their cases work their way through the legal system?
Lawsuit Loans Address a Critical Need
That need is what created the concept behind lawsuit loans. A lawsuit loan is immediate cash you can use however you wish. While the proceeds of lawsuit loans should not be used frivolously, how you spend the money – catch up on the rent, mortgage or car payments, or just put groceries on the table – is up to you!
Lawsuit Loans Are NOT Really Loans!
In fact, one of the best features of lawsuits loans is that they are really not loans at all, but non–recourse advances. Unlike any type of conventional loan, there are no monthly payments when you receive a lawsuit loan. The entire loan, plus the accumulated risk premium on that loan, is repaid in a single payment when – and if – you win your lawsuit or each an out-of-court settlement.
Easy to Qualify. Easy to Apply.
In fact, you can apply online. |