What You Need to Know About Lawsuit Advance Funding and Your Privacy
Privacy and identity theft is in the news after a number of high-profile cases of security problems at major companies. Identity theft is a serious problem that can lead to ruined credit, jeopardized assets, lost time from work and considerable stress. In almost all cases, identity theft starts with a security breach or careless act that allows wrongdoers to access personal information such as social security numbers, dates of birth, and credit card numbers and bank account numbers. Thieves can use this information to make credit card charges in someone else’s name or even open accounts by posing as someone else. As a result of privacy concerns, some plaintiffs worry about applying for lawsuit advances. Lawsuit plaintiffs who need cash fast will be pleased to learn that lawsuit advances are very safe for those who turn to a quality provider. As the leading provider of lawsuit advances and an industry leader, LawMax take steps to protect its clients’ personal information so getting lawsuit advances carries virtually no identity theft risk!
Lawsuits often involve highly sensitive information such as medical and financial records, so it is natural to be concerned if such personal information is safe when one applies for lawsuit loans. As the legal finance industry leader, LawMax works pro-actively to keep such data as secure as possible.
All personal files that LawMax receives are digitized and stored on secure servers. As soon as LawMax receives information from the client, the client’s attorney, public records or any other source, the company digitizes all records and uploads them onto secure servers that have layers of protection to ensure that personal information stays private. The only people who have access to client files are authorized LawMax employees.
All hard-copy documentation that LawMax receives from any source is shredded as soon as it has been digitized. Rather than keeping information in unsecured storage rooms, LawMax shreds all documents so no piece of paper can fall into the wrong hands, accidentally or otherwise. This ensures that no one can photocopy, steal or even view the original documentation sent to LawMax.
LawMax only requests information necessary to evaluate the request for a litigation loan. LawMax does not request information from credit bureaus. The only information LawMax requests is documentation pertaining to the plaintiff’s lawsuit such as the original complaint, medical or police records, a bill of particulars and other relevant data.
LawMax limits access to this data to a small group of underwriting professionals who make decisions about approving lawsuit advances. .
Once a lawsuit advance is granted, the data continues to be stored on LawMax’s secure servers. Should a lawsuit advance recipient request an additional advance, it is then easier for LawMax to evaluate that request.
LawMax shares the data it receives and has on file on each client with no one. LawMax does not discuss a client’s case with anyone but the client and the client’s attorney.
Finally, LawMax does not run credit checks on lawsuit loan applicants, nor does it report any transactions to the major credit bureaus. Since a lawsuit advance is a lien against the lawsuit, not the plaintiff’s assets or income, a lawsuit advance is a transaction that does not show up on the recipient’s credit report. Therefore, it cannot affect the plaintiff’s credit rating or credit score.
LawMax’s privacy policy is designed to provide lawsuit plaintiffs with the highest level of service and the greatest level possible of identity security.
