Top 5 Reasons To Get a Legal Loan
If you are a victim of medical malpractice, defective products, dangerous drugs, or a motor vehicle crash, filing a lawsuit can be a smart strategy for recouping your losses. After all, you shouldn’t have to pay for someone else’s mistakes. But there are many costs that plaintiffs often don’t consider before filing. It can be tough to stay afloat financially while waiting for the lawsuit to be resolved—which can take months, if not years. This is a difficult dilemma, but it’s also one with a logical solution: a pre-settlement loan.
#1 Legal loans are non-recourse
People often hesitate to take out legal loans because they don’t realize that they aren’t loans at all. Legal funding is a non-recourse way of taking out a cash advance against your future settlement or jury award. Because they aren’t loans, there is no risk to the plaintiff. If you lose your case, you will pay nothing—no strings, no catches.
#2 The cash advance can be used for anything
Legal funding puts you back in control of your own finances. There are no limitations or requirements regarding what you can use the cash advance for—it’s your money. Pay your rent or mortgage with it, take care of your utility bill or car payment, and buy groceries for your family. Use it to pay your lawyer’s bill or court filing costs. You could even use some of the cash to buy professional-looking clothes for your next court appearance.
#3 You won’t feel pressured to accept a low settlement
Victims of the negligence of others have already more than paid—in pain and suffering, mental anguish, lost wages, and medical costs. You deserve to get back every penny you were forced to lose because of someone else’s negligence. With a legal loan, you won’t feel pressured to accept less than what you deserve, just because you need money in your pocket soon.
#4 Many plaintiffs have exorbitant medical expenses
Did you know that medical bills are a common reason for filing for bankruptcy? Don’t let the high cost of healthcare prevent you from getting the medical treatments you truly need, and don’t let the hospital bills force you into bankruptcy. Legal funding can give you the financial wiggle room you need to stay afloat while your case is pending.
#5 Plaintiffs often suffer lost wages
After a car crash, slip and fall incident, or complication from a dangerous medication, it’s quite likely that you missed time at work. Some plaintiffs are so severely injured that they can never work again. The lost wages and loss of earning capacity impose additional hardships on plaintiffs who are anxiously awaiting the resolution of their case. With legal funding, you can get money in your pocket quickly to take care of yourself and your family.
Why choose LawStreet Capital?
There are many choices when it comes to legal loans, but none can compare to the competitive rates, transparent terms, and courteous service you’ll find at LawStreet Capital. Unlike many legal funding companies, we are a direct lender. We’ll never collect a finder’s fee and then refer you to a third-party lender. When you choose LawStreet Capital, you’ll get:
- Zero risk to you
- 24-hour approval
- Overnight cash advance
- Some of the lowest rates available in the industry
- Transparent terms, with no hidden fees
- Quick and easy application process, with no credit check required
Call us today toll-free at 866-FUND-662 for your free quote.
- WebMD, Impact of Car Accidents Can Be Long-Lasting, http://www.webmd.com/mental-health/news/20010820/impact-of-car-accidents-can-be-long-lasting,
- American Bar Association, Settlement offers: The client is always right, http://www.americanbar.org/publications/youraba/2016/march-2016/settlement-offers–the-client-is-always-right.html