The Basic Concepts
The concept of lawsuit case loan is non-existent and with the time people have substituted with the name of pre-settlement funding with the lawsuit loan many years now. Loan is something that you need to pay back after certain period of time along with the interest amount over the period of time. When individuals apply for loan from financial institution, they will check credit scores and proof of income and employment as well as other personal details prior to approving a loan. But in the case of pre-settlement funding they are quite easier way of getting financial support and you can get easily qualified for it.
The Big Difference
Lawsuit funding amount is the money that you get from the pre-settlement company for those who are very much in need of the financial amount even without any credit, any proof of employment, income and they doesn’t ask for any personal details as well. Once they review your case along with your attorney, at the end they come with a settlement amount which you can get within 24 hours. You may get money from the pre-settlement companies either in full cash or in monthly installments. The money provided by the pre-settlement companies will help you in paying the monthly bills , to buy groceries for house, pay medical and other bills till your case gets settled.
The Process and How it Differs
We are just going to scratch the name law case or law suit loan as nobody wants to take lawsuit loan amount. This sounds something great responsibility and stress on your head that you need to pay back over a period of time. Nobody wants to keep their bills pending every month. Law suit case is not related to loan amount, it even doesn’t appear in your report unlike that of the loans even if you don’t pay them back.
The Process Methodology
There are number methods in order to make the process very simple and fast as well. You can get benefit of the fast lawsuit money case and can start paying your bills as soon as possible. When you opt for pre-settlement funding cases, there is no need to pay for the pre-settlement cases every month. The main goal of the pre-settlement case is to help the peoples who are very much in need of financial support during the lawsuit and prior to it’s conclusion. It’s your duty to keep track of money and spend it wisely.
If in case, you lose your law case then you need have to pay back money. The money given by the pre-settlement companies is yours. If you win the lawsuit case, you need to pay back only the agreed amount which was signed at the time of approval of the case. With the availability of the pre-settlement companies you can clear your bills and debts within the time and avoid getting stuck in financial crisis. If anyone seen and caught taking advantage of these funding amount, they will be severely punished by law.
.:About the author:.
James Sheridan is the Contracts Manager at Pegasus Legal Funding LLC and is responsible for the final stage of the funding approval process. James focus and priority is delivering to PLF’s clients the funds they need as quickly as possible