Lawsuit Loan FAQS
What is a Lawsuit Loan?
A Lawsuit Loan is a cash advance on your pending lawsuit. A lawsuit loan funding company will give you a loan contingent on your pending lawsuit and will issue the funds based solely on the merits of your case. Your income or credit history is not a factor that the lawsuit funding company considers.
When Do I repay a Lawsuit Loan?
This type of loan is different to tradition bank loans. You dont need to repay anything until your case settles, There are no fees or interest payments to be made. These loans are based entirely on the outcome of your lawsuit
The whole concept of the lawsuit loan is to provide an advance on possible winnings awarded in your lawsuit case. With a lawsuit loan or a lawsuit cash advance Case Cash is investing in your settlement. If the case is lost, there is nothing to repay.
What if I lose my case?
If you lose the case, there is nothing to repay. The agreement is that the funds are only to be repaid if there is a successful settlement of the lawsuit. A Pre Settlement Loan is an advance issued to a plaintiff based on the potential amount that the case will settle for. These "loans" are non recourse, so if the plaintiff loses the case, there is nothing to repay.
Is it legal to get money against my potential settlement?
Yes. In much the same way as you entered into a contingency fee agreement with your attorney, you enter into a contingency non-recourse agreement with Case Cash.
Can't my attorney just lend me money during my case?
Due to a conflict of interest, The American Bar Association does not allow attorneys to lend money to their clients. Pre settlement lending from a third party like Case Cash removed this conflict of interest and helps you to stay in the case and receive a fair settlement.
What can I use the Lawsuit Loan for?
There are no restriction on the use of the lawsuit loan. This is your money and is best used in any way that you need to in order to support yourself and your family.
How long does it take to receive my funds?
Case Cash offers a fast turnaround on the processing and issuance of funds. Apply online today and you will receive an immediate callback from a representative who will begin the pre settlement loan process. Once all the documentation is received, the funds are issued to you in as little as 24 hours.
Can I get an advance from Case Cashif I already have an advance from another company?
Yes. You can apply with Case Cash for Personal Injury Funding and if approved we can consolidate your financial matters by buying out your previos advance and combining it into one new Case Cash advance. Its that simple - Apply Online Today!
What Is the Process in Obtaining a Lawsuit Loan?
We follow a simple four-step process:
- Complete the online application
- We contact you to gather revelevant documents as well as your attorney's contact information.
- If your application is approved, we prepare an agreement forwarding it to you and your attorney for signature.
- When we receive the signed agreement, we issue your funds to you, either by check or wire transfer.
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