Are Lawsuit Advances Worth It?

24 hours a day & 7 days a week

Immediate Cash $500 – $250,000

Same Day!

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Or Call 1 (866) 800-3500

States not covered:

Arkansas Colorado Illinois Kansas Kentucky Maine Maryland Nebraska Nevada New Hampshire North Carolina Rhode Island South Carolina Tennessee Vermont West Virginia

Are Lawsuit Advances Worth It?

24 hours a day & 7 days a week

Immediate Cash $500 – $250,000

Same Day!

APPLY NOW!

Or Call 1 (866) 800-3500

States not covered:

Arkansas Colorado Illinois Kansas Kentucky Maine Maryland Nebraska Nevada New Hampshire North Carolina Rhode Island South Carolina Tennessee Vermont West Virginia

Are Lawsuit Advances Worth It?

Lawsuit advances can be confusing to plaintiffs in a personal injury case who need money, as this type of funding isn’t really a loan at all, but an advance against your own anticipated settlement in a lawsuit. In some cases, your attorney may suggest contacting a litigation funding company. How does this work, and when it is appropriate to seek out this type of financing?

Also you may no longer have an income that can pay your expenses if you are required to attend court often or you’ve been injured and unable to work. An available option that one can consider is getting a settlement advance.

How do Lawsuit Advances Work?

Basically, your attorney will provide the funding company with information regarding your case; information about your injury, how it occurred, medical reports, etc.  This information is how funding companies determine if the case is strong enough to merit approval of an advance.  Credit score, employment status and other factors do not come into play when deciding whether you’re eligible.

How Much Do Lawsuit Advances Cost?

If approved, you will be advanced a percentage of your expected settlement, typically about 10% with most companies. In most cases, you will get the advance quickly, within 24 hours or even the same day.

Are There Extra Fees with Lawsuit Advances

While there are fees associated with lawsuit advances, they are not repaid until the time the advance is repaid to the funding company, once your lawsuit is over and you have won or settled your case. Some companies charge a flat fee, while others may work on monthly fees that accrue over the months the advance is outstanding. Either way, you only repay the advance along with fees when you actually have the money to do so. No monthly payments, no up-front fees or other costs to pay initially.

What Happens If I Can’t Repay a Lawsuit Advance

What happens if to your surprise, you do not win your lawsuit? With certain pre-settlement funding companies (Like Addison Pre-settlement Funding), you only repay the advance if you do win; otherwise, you pay nothing at all. Essentially, you are at no risk financially because you only repay the funding company if you do collect compensation from the negligent person or party who caused your injuries.

How Do Lawsuit Advance Companies Approve Cases?

Lawsuit funding companies choose the cases they fund very carefully, choosing those they feel confident will win in order to minimize their own risk. You must have an injury attorney who is representing you in your case, as this further supports the fact your lawsuit is one that’s viable and likely to win.

Lawsuit Advances With Low Interest Rates

Addison Pre-Settlement Funding offers lawsuit advances with low interest rates. In fact some of the lowest rates in the industry, however – the rates aren’t specific because they vary based on the type of case and the risk of your case not winning. If the case risk is higher, the interest rate can rise.

If your injury or injuries have impacted your life in a way that affects you financially and could prevent your continuing your lawsuit to its completion, talk to your attorney today about lawsuit loans.  At Addison PSF, our goal is to help you avoid financial disaster while fighting for the full damages you deserve from those who were negligent.

Our Simple Process

Available 24 hours a day, 7 days a week

APPLY

Call us at 1-866-800-3500 and we will answer all your questions regarding pre-settlement funding. Or, you can fill out our very short questionnaire on our website and we will contact you regarding the details of your case.

Approval

After we speak to you we will send your attorney a simple application for them to complete and fax back to us. Once we receive the application back from your attorney our team will make a decision the same day on how much we can advance on your claim

Receive Funding

After we agree on an amount to advance we will fax your attorney the funding agreement which needs to be signed by both you and your attorney and faxed back to us. You will then have your money the next day!

Types Of Cases We Fund

Auto Accidents

Pedestrian injury

Slip and Fall cases

On the Job Injuries

DOG BITES

Premises Liability

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