Lawsuit Loans. No Risk Loans
A relatively new source of financing is currently obtainable for both individuals and business owners
. It is called lawsuit financing, often referred to as lawsuit loans or lawsuit funding. But these aren't loans simply because the money does not have to be paid back unless the case is won.
Lawsuit financing (loans) help customers who are having monetary issues. Lawsuit funders don't need credit checks, monthly payments, notes, or any other security.
Frequently, claimants have missed work or lost their job and can no longer meet their rent or automobile payments. In the past, these claimants have required to accept lesser settlement amounts because of pressing financial difficulties. Now, clients can sustain their personal lives and give the attorney the required time to achieve the full value of the case.
Often times, individual claimants and commercial litigants require financial loan assistance before settlement or judgment. Kinds of cases that qualify are:
Personal Injury: Automobile Accidents, Any Type Malpractice: Medical-Legal, Accounting, Construction, Wrongful Termination Discrimination Harassment: Sexual/Rape, Any Type And a lot more
There are a handful of companies that provide lawsuit funding. For more info on these lawsuit loan companies, please go to http://www.fredcoutts.com/indexlawsuit.htm. Each company provides funding that is particular to their criteria. All lawsuit funding companies will provide funding for personal injury lawsuits. But there are only a couple that will fund commercial along with other non- personal injury lawsuit cases.
Rates will vary based upon the risk. Lawsuit funding companies will typically finance as much as 10-15% of the potential settlement value. For instance, if the case has a possible value of $100,000, you can anticipate a funding offer of $10,000 to $15,000. Lawsuit funding companies thoroughly analyze the cases they choose to fund. They should like the lawyer as well as the potential settlement value.
Lawsuit funding is obtainable in most states and can be a very beneficial way to obtain funds.
Lawsuit Loansby: Billy Edward
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Lawsuit Loans. No Risk Loans