subject: Settlements, Annuities And Retirement [print this page] A settlement advance is something that has come to the marketplace more lately as it delivers up-front hard cash to individuals waiting for the final results of a judgment. In lots of different cases the hurt can't afford to continue with legal obligations and loss of income during the settlement progression. A settlement advance is a examination of your case in order to determine if you meet the criteria for an advance on your income.
The path to acquiring a settlement advance is by using application. There are just several questions relating to your yearly earnings, your attorney fees, and some queries about your attorney, as well as some information about the merits of your case on the whole. These are all to decide your eligibility. Because they only produce money if you win the case they will not want a credit check. This is an advantage to the unfortunate as credit checks are time-consuming. Additionally, the loss of profits the victim is experiencing may well have touched their credit. The settlement advance firm must have the details of your case in order for you to help make application for a settlement advance.
Your lawyer will more than likely be accountable to disclosing this information since acquiring a settlement advance will permit you to pay your attorney's fees. It is often better to get a legal team who offers not to fee you unless you win the case, as this can relieve your own financial burdens. The decision process can last anywhere between two and three business days, but will take longer depending on the difficulty of your case.
The firm planning to purchase your structured settlement will be contacting your attorney to acquire more information and get up to speed up the case. Legal experts will examine the case as well. This is not a selection the organization who is going to agree to purchase structured settlement from is taking lightly. Thus, ensure that all phone numbers, addresses, fax numbers and email addresses are precise so that the advance settlement company who is going to purchase structured settlement can accomplish their job.
Your likeliness of winning the case is what will genuinely affect whether or not you are awarded the advance. They will have to balance the risk of you losing the case with the amount of capital they stand to gain on your case.
by: Jason Delouche.
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