| Getting an advance on a lawsuit is relatively | | | | any extra fees. Some companies may charge you a |
| straightforward but can appear complicated as these | | | | broker fee, which can be avoided if you apply to a |
| types of lawsuit loans are often misunderstood and | | | | direct lender. |
| somewhat different to traditional loans. | | | | 6. It is important that you let your attorney know |
| The main rules of getting an advance on your lawsuit | | | | that you are looking to get a lawsuit advance. They |
| are outlined which address the most common issues | | | | will need to supply the lawsuit funding company with |
| that people come across when attempting to get a | | | | information regarding your case. |
| lawsuit cash advance. | | | | 7. A lawsuit loan cannot be obtained from you |
| 1. You need to have a pending lawsuit in order to get | | | | attorney due to a conflict of interests. This is why |
| a lawsuit cash advance. | | | | lawsuit lending firms have been set up to act as an |
| 2. The amount that you can borrow depends on the | | | | independent third part who does not have any |
| expected value of your case. In general, you could | | | | influence on the case. |
| expect to receive up to 10% of the value of your | | | | 8. Many different cases qualify for a settlement loan |
| case. | | | | including car accident cases, motor bike accidents, |
| 3. There are no upfront fees when obtaining a | | | | pedestrian accidents, slip and fall, construction falls, |
| lawsuit loan. The only time that you are expected to | | | | wrongful death, wrongful arrest and product liability. |
| make a repayment is when your case has settled | | | | 9. Getting all of the documentation in order will |
| and you have received your settlement money. Until | | | | considerably speed up the process. The main things |
| then there are no monthly fees or repayments | | | | that are needed can be obtained from your attorney, |
| 4. There is nothing to repay if you do not win the | | | | so it is important that they are aware that someone |
| case like mentioned above, the only time you pay | | | | will be contacting them to discuss the case. |
| anything is if and when you actually win the case. | | | | 10. An advance on your lawsuit can be applied for |
| 5. Rates can vary between lawsuit funding companies | | | | online or by phone. It is often not necessary to visit |
| so it is important to get the best rate and you can | | | | the funding company - the application is simple and |
| check to make sure that you are not being charged | | | | can be done over the phone. |