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Advantages of Lawsuit Loans For Victims of Personal Injury

If you have been injured and are involved in a personal injury case, the term lawsuit loans may sound a bit intimidating.

Oct. 26, 2009 - PRLog -- You may think that this means by obtaining the money you need to live while pursuing your claim, this option would involve adding additional monthly payments to your already mounting expenses.  This is not the case; read this article to understand how pre-settlement funding may be just the solution to your financial worries.

Many times plaintiffs in personal injury lawsuits find themselves in a financial bind.  You may be seriously hurt and unable to work.  Medical bills keep coming, household expenses continue, and your attorney needs funds in order to effectively represent you.  Unfortunately, many plaintiffs end up settling with insurance companies for less than they are actually entitled to because they simply feel they cannot afford to go on with their lawsuit.

Lawsuit loans are usually very easy to get.  There are no credit checks performed or red tape to wade through as with conventional loans.  Litigation funding companies offer more of a cash advance that is based on the merits of your particular case.  The amount you may receive varies from hundreds of dollars to tens of thousands, depending on the particulars of your claim.  Pre-settlement funding helps you pay your obligations so that you can focus on your lawsuit and come out the victor.

How do you repay this money?  If you do win your lawsuit, you simply pay a pre-determined amount back to the litigation funding company at that time.  The wonderful thing about this process is that for those who do not win, there is no recourse.  This means that you do not repay the money, so there is no further financial burden placed on you.  The entire process is simple and quick, so that you know if funds will be available for you almost immediately.

If you are interested in learning more about lawsuit loans ( http://www.addisonpsf.com ), you can find out the details online or talk with your attorney.  The process involves submitting documentation concerning your claim, which is commonly done by your attorney.  The litigation funding company can then study these documents to determine if you qualify.  This is usually completed the same day, and if approved you receive your money the very next day.

Pre-settlement funding ( http://www.addisonpsf.com/pre_settlement_funding.html ) may not be the solution in every case, but it is certainly an attractive option for those who want to pursue full compensation in their lawsuit and feel that financial burdens will prevent them doing so.  Speak with your lawyer, or visit our site to learn more about how litigation financing companies may benefit you tremendously in your fight for justice.

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Source:Joel McLaughlin
Industry:Legal, Finance, Loans
Tags:Pre Settlement Funding, Funding, Lawsuit, Loans, Lawsuit Loans, Legal, Litigation, Finance, Loan, Personal Injury, Law Suit
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