“How long will it take for my lawsuit to settle?” Now, be honest, how many times has that question replayed in your mind? How many times has it gone unanswered?
In case you haven’t figured this out yet: our justice system doesn’t work on our terms. If you need to pay a bill by the end of the month, the judges, court clerks, attorneys and paralegals aren’t going to get busy just for you. The court systems aren’t Burger King, and you aren’t going to “Have it Your Way”.
In fact, the justice system is designed to take its time-I prefer the slogan, “Have it Our Way”. This may annoy you as a plaintiff (as it should), but the defendants and insurance companies love it.
If you have a personal injury auto accident case, the defendant’s insurance company will usually do everything in its power to extend the time of the trial. Insurance companies know that most plaintiffs are struggling financially (due to the consequences of a car accident), and they’re more than happy to force desperate people into accepting bogus offers. Where do you think most of their profits come from? Unfortunately, it’s from desperate people like you.
Because of the situation most plaintiffs find themselves in, a new industry has been created-litigation financing, offering lawsuit cash advances. Its purpose is to give plaintiffs financial assistance so they can afford to wait for the settlement that is due to them.
When I first got into this business, I was inspired by a long-time friend of mine who (out of desperation) had accepted a bogus settlement offer from an insurance company. This friend of mine was in a serious car accident and sustained injuries that were going to affect him for the rest of his life. He was out of work for a couple of months. His rent, car payments and other bills started to go overdue. Because he was desperate at the time, he told his lawyer to accept a settlement that was less than 10% of what he could have gotten! To me, this was unfair-the insurance company got away with robbery.
Litigation finance would have offered the perfect solution for my friend. He would have been able to get a portion of his full settlement advanced to him while he waited for the rest to come in. Sure, he would have had to pay some interest on the money, but it would have benefited him regardless.
Let’s look at the numbers. For simplicity, let’s say my friend was expecting $100,000 but it was going to take one year for him to get that settlement. Let’s say he had been out of work for a couple months, but he would be able to get back to work soon. He just needed some money to get caught up. A litigation finance company could have given him a lawsuit cash advance of $10,000 at 3% interest per month. By the end of the year, he would get the $100,000 settlement. Of course, about $33,000 would go to the lawyer in attorney fees, and $13,448.89 would go to the litigation finance company (the $10,000 loan plus $3,448.89-3% interest compounded per month for twelve months). By taking the loan instead of the bogus settlement, he would have been able to wait a year for what was due to him and get $63,551.11 after attorney fees and interest (compare that to the $10,000 bogus offer he accepted because he didn’t know his options!).
So, as you can see, there is a real benefit to litigation finance and lawsuit cash advances. It can allow you to:
Get caught up on your car payments
Pay rent or mortgage payments
Provide food for your family
Get you back on your feet
Support you while you find work
But the biggest benefit of all is that it allows you to afford waiting for the settlement you deserve. Think of it as a way to get revenge on the slow justice system.
One of the most important things to understand about lawsuit cash advances is that they are not conventional loans. In fact, there is a unique name for them-“non-recourse loans”. “Non-recourse” simply means that the lender doesn’t have the right to collect the money if the case doesn’t settle-for example, if you got a $10,000 cash advance and you lost your case, you wouldn’t owe anything. This is the way a lawsuit cash advance has to work under Federal law.
Because a lawsuit cash advance is a non-recourse loan, it is fairly simple to get one. There are three easy steps:
Fill out a 1-page application that allows your attorney to release some documents.
Wait approximately 48 hours during the approval process.
No credit checks.
No employment checks.
No bankruptcy checks.
No application fees.
Sign documents with your attorney and get your money immediately!
As you may have noticed, there are no credit checks or employment checks, and even bankruptcy isn’t an issue! The funding process is decided solely upon the facts in your case.
Once you have your lawsuit cash advance (and it should get to you immediately), there is very little you have to worry about because:
You won’t have to pay a penny until you receive your settlement.
If you don’t receive your settlement, you don’t owe anything.
If you get money in from elsewhere, you can pay it off at any time.
It’s no wonder so many people are happy with their lawsuit cash advance experience. Here’s what a few people have to say about it:
“This IS a valuable service. I was able to pay bills and I was able to take care of my kids, which is very important. I haven’t been working and without you I would have felt like a deadbeat dad.”–Larry C.
“This service is valuable. We had used ALL of our savings to survive. Without your service, we would have lost our house!” — Danielle & Blaine
It’s not just plaintiffs who are happy with litigation finance and the availability of lawsuit cash advances. Attorneys like it because it relieves their clients financial pressure and gives them the time to focus on getting as much out of the case as possible. Even though we get many of our clients from diverse marketing methods, 60% of our business still comes from attorneys and paralegals referring their clients.
As you can see, there is a way to get revenge on the unbearably slow justice system. Despite the justice system being designed to take as long as possible, and despite the fact that defendants and insurance companies will do their best to make it go slower, you can use litigation finance and lawsuit cash advance to buy you time.
So, don’t accept that bogus settlement offer. That’s what you call injustice. Instead, go ahead and apply for a lawsuit cash advance. It will allow you to get what you deserve-justice.
Jason Argall is the Founder of My Legal Advance, a litigation finance company offering cash advances on plaintiffs’ lawsuits and structured settlements. He can be contacted for any questions pertaining to litigation finance, lawsuit loans, structured settlements and personal injury pre-settlement advances.