Jan 052018

How to Choose the Best Lawsuit Loan Company

Personal Injury Lawsuit

If you’re facing a personal injury lawsuit, the added strain of trying to make ends meet while you’re going through litigation can make the proceedings seem that much more difficult. You might be out of work, or facing expensive medical bills.

A lawsuit loan may be the solution to getting the money you need to pay bills while you wait for the outcome of your case, but it’s important if you go this route to be very prudent about picking the right lawsuit loan company.

Before we discuss how you can choose the best lawsuit loan company, let’s take a look at how exactly this type of presettlement funding works. First, you’ll need to already have a lawyer in your case, and your lawyer should be fairly confident about the outcome of the case – that it will either win in court, or settle for an acceptable amount. Based on these merits, a lender will discuss with you how much money you might need to get through litigation, and then determine if you should receive the loan.

Choosing a Lawsuit Loan Company

There are lots of lawsuit lenders on the market, but how do you figure out which are the best lawsuit loan companies? There are a few key points that will help you make a decision:

-Make sure the lender answers your questions. Opt for a lawsuit loan company that will provide you with an exact number for your loan, rather than a range. Also, look for a loan company that is a direct lender, rather than a broker.

-Look for a good interest rate. If your case wins or settles, your lawsuit loan will be paid back from the proceeds; but obviously you’d still like to receive some of that settlement, so look for a lender that charges low interest rates.

-If you have bad credit or no credit, opt for a lawsuit loan company that doesn’t perform a credit check or require any collateral to provide you with the money you need.

-The best presettlement funding companies will also not require you to pay back your loan in the event that your case loses or fails to settle. That way, you never have the added strain of having to pay back a large amount of money if you don’t win your case.

When you start doing your research, you’ll find there aren’t many lawsuit loan companies out there that meet all these requirements. Interstate Lawsuit Funding is sure to stand out as one of the best lawsuit loan companies in the country. Give us a call at 954-946-0487 or fill out our 30-second online application today to find out if you qualify.

Apply for a Lawsuit Loan / Presettlement Cash Advance, CLICK HERE.

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