Advance Cash Settlement

Awaiting full-cash settlement from your lawsuit can take months or even years. This time can be trying for individuals and families whose ability to work is compromised. Financial crisis threatens to overwhelm: eviction, bankruptcy, home foreclosure and sabotaged credit are serious concerns. Many cases that involve injury or well-documented damage or liability qualify for advance cash settlements. Certain companies provide fully-paid settlements to plaintiffs who are financially struggling. Qualifying cases vary but often include automobile accidents, construction injuries, medical malpractice, product liability, wrongful death, slip-stair injuries or burns. Your lawyer can help facilitate your contract with the appropriate company. After you contact a company, representatives will discuss the case with your lawyer. The urgency of your financial need is taken into account and often you will receive the cash within a few days. The probable value of your claim and likelihood of a favorable outcome affects the amount of money you can receive. Generally, you are free to request any amount you choose that is less than your expected settlement.

It is important to weigh your options in seeking financial assistance. You may prefer to take out a typical bank loan because of the high premium for a cash advance settlement. The premium is much higher than any interest rate for a bank loan, however a bank loan must be repaid regardless of whether you win or lose your case. You owe nothing on your cash advance if you lose your case or do not receive payment from the defendant. The cash advance settlement company shares the risk of your lawsuit with you and simply takes the loan amount out of your settlement when you receive it.