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Lawsuit Loan Companies

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					Lawsuit Loan Companies

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485

Summary:
Litigation can be extremely expensive, and occasionally even people who
have strong cases simply cannot afford to start a lawsuit. Lawsuit
financing can help by providing some funds. Companies that provide these
loans usually do not require credit checks, monthly payments, notes, or
any other security. Frequently, claimants have missed work or lost their
jobs and can no longer meet their rent or automobile payments. In the
past, these claimants have needed to accept lesser settlement amounts due
to pressing financial difficulties. Now, clients can sustain their
personal lives and give the attorney the necessary time to achieve the
full value of the case.


Keywords:
Lawsuit Cash Advances, Lawsuit Loan Companies, Lawsuit Loan Services,
Lawsuit Loans


Article Body:
Litigation can be extremely expensive, and occasionally even people who
have strong cases simply cannot afford to start a lawsuit. Lawsuit
financing can help by providing some funds. Companies that provide these
loans usually do not require credit checks, monthly payments, notes, or
any other security. Frequently, claimants have missed work or lost their
jobs and can no longer meet their rent or automobile payments. In the
past, these claimants have needed to accept lesser settlement amounts due
to pressing financial difficulties. Now, clients can sustain their
personal lives and give the attorney the necessary time to achieve the
full value of the case.

There are a handful of companies that provide lawsuit funding. For more
information on these lawsuit loan companies please visit
www.fredcoutts.com/indexlawsuit.htm. Each company provides funding that
is specific to their criteria. All lawsuit-funding companies will provide
funding for personal injury lawsuits. But it is more rare to find one
that will fund commercial and other non- personal injury lawsuit cases.

One such company is the Legal Advances. On contacting Legal Advances, the
client will be required to go through an application process that
involves submitting information and providing the attorney's contact
information. Within 48 hours, the client and the attorney should have an
answer. If Legal Advances agrees to provide a lawsuit cash advance, then
that will be the extent of their involvement in the case. They do not
provide legal advice or services, nor do they have anything to do with
the strategy of the court case. They may, however, check in with the
attorney from time to time to see how the case is going.
Global Financial is another company that deals with personal injury and
worker compensation legal claims. This company offers a low cost lawsuit
loan or cash advance against pending lawsuit settlements. Global
Financial will review the merits of an applicant’s legal claim and
determine the chance and size of a financial recovery. They then offer
the claimant a small percentage of the total value of their claim in
return for an assignment of a portion of the potential future proceeds in
the claim. If there is no financial recovery from the claim, then the
funding company receives nothing. This makes lawsuit loans very risky and
actually more of a venture capital investment than an actual loan as the
name suggests.

Rates will vary depending upon the risk. Lawsuit funding companies will
generally finance up to 10% to 15% of the potential settlement value. For
example, if the case has a potential value of $100,000, the client can
expect a funding offer of $10,000 to $15,000. Lawsuit funding companies
carefully analyze the cases they choose to fund. They must like the
lawyer as well as the potential settlement value. Lawsuit funding is
available in most states and can ensure that even a person in dire
financial straits can see a meritorious lawsuit through to its just
conclusion.

				
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