Are You Hesitating On a Lawsuit Loan?

Many personal injury lawsuit plaintiffs who need immediate cash to cover living expenses will often hesitate about applying for a lawsuit loan (or, more correctly, a “lawsuit cash advance”). Even plaintiffs who realize they cannot meet their financial obligations while waiting for a settlement from their lawsuit will often pause before applying for a lawsuit loan. There are many reasons for this indecision, but plaintiffs need to realize that delaying can have a serious cost. Waiting too long to apply for a lawsuit loan lets bills and debts pile up and brings plaintiffs that much closer to foreclosure, eviction or repossession. For that reason alone, those considering legal financing should get all the facts and act in a timely manner. The sooner they receive a loan against their pending lawsuit, the sooner they can get their lives back on track!

One reason why many plaintiffs hesitate when considering a lawsuit loan is cost. Many plaintiffs think that a lawsuit loan costs too much. What they do not consider is that not being able to pay the rent or mortgage payments, and becoming homeless, has a much greater cost. Falling behind on car payments, and having one’s car repossessed has a far greater cost. Once the victim of a serious injury is well enough to go back to work, what is he or she to do if he has no place to live and no car to drive to work? Once a lawsuit plaintiff loses his or her home, and the equity in that property, will he ever be able to save enough for a down payment on a new home? Letting unpaid bills pile up to the point that they damage one’s credit rating makes it very difficult to buy a car or home at some point in the future, even if that plaintiff receives a substantial settlement from his or her lawsuit!

Many plaintiffs worry about repayment on a lawsuit loan, but again, this is an unfounded worry. A lawsuit advance is not really a loan. It is a non-recourse form of financing. There are no monthly payments, and it only needs to be repaid if and when the plaintiff wins the case in court or reaches an out-of-court settlement. If a lawsuit is abandoned or lost at trial, the plaintiff owes nothing. If a settlement is reached or awarded, the plaintiff’s attorney writes LawMax one check for the total cost of the lawsuit loan. Plaintiffs never have to worry about how they will repay a lawsuit loan!

Many plaintiffs are also hesitant to apply for a lawsuit loan because they have been turned down for loans elsewhere. Since a lawsuit loan is not a conventional loan–but a lien against the proceeds of the pending lawsuit–there is no credit check and no employment requirement. Even if a plaintiff has poor credit and is out of work, he or she can still qualify for a lawsuit loan. In addition, the application process is fast and easy. Applicants can apply on line at www.fundmycase.com or by phone at 877-788-CASH.

Any plaintiff who is hesitating about applying for a lawsuit loan, and is falling deeper and deeper into debt, needs to act quickly. Without an infusion of cash, a plaintiff may face financial ruin–even if he or she eventually wins the case. It is important to take steps at once to preserve your credit rating and stay current with bill and debt payments. Applying for a lawsuit loan from LawMax is fast and easy, and there are no application fees or other up-front costs.