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A Pre Settlement Loan: Get Paid Before Your Lawsuit Settles

By Presettlement Subscribe to RSS | February 24th 2012 | Views:
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Do you believe in a level playing field? Think that for the most part corporations and large companies do the right thing? Well, you may be surprised to find out that when it comes to lawsuits in the following areas:

• Asbestos exposure

• Negligence (including homeowner negligence)

• Personal injury

• Product liability

• Motor Vehicle and Passenger Injury

• Workers Compensation

How does that give the corporations an edge, you ask? Think about it. How much cash do you have on hand if you were forced to stop working and live off your savings tomorrow? Now how much cash do you think an average corporate giant has on hand? Exactly. They have virtually unlimited resources at their disposal, with the ability to keep a lawsuit going for years without even batting an eye. On the other hand, unless you are one of the three in 10 Americans who even have an emergency fund, you don't even have enough cash on hand to cover three months worth of living expenses.

That's why a pre settlement loan can help plaintiffs so much. Without any money, they are tempted to accept a much lower settlement offer from the other party. However, plaintiffs who apply for and receive a pre settlement loan often are able to wait out the pending court case and receive the full amount of compensation they asked for. By using the pre settlement loan to pay for needed expenses and even associated medical or even daily living expenses, plaintiffs who would otherwise have ended up with a much smaller amount of cash compensation can receive 10 or 20 times what defense lawyers in civil suits initially offer.

The most outstanding feature of pre settlement loans is that they are non-recourse. That's legalese for "don't have to pay back unless you win the settlement." As unbelievable as it sounds, if you lose your pending litigation, you are not liable for any of the pre settlement loan money. Obviously, with an offer like that, you can bet that lawsuit cash advance companies make sure they only offer an advance to those with an good chance of winning. Usually you can receive a free consultation to determine if your case would be eligible for a lawsuit cash advance, and if the lender believes you are eligible, they will contact your attorney for all relevant court and legal documents.

Presettlement - About Author:
Joshua S. Smith has extensive experience in the legal finance field including Pre Settlement Funding and other related areas. For more information please visit the Author Page of the bio.

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