Traditional loans have lower interest rates than lawsuit cash advances . However, there are other things to take into consideration when deciding between a lawsuit cash advance and a traditional loan.
Traditional loans require immediate monthly payments. If you cannot afford to make monthly payments, you should not take out a traditional loan. If you take out a traditional loan and cannot make the monthly payments, you will default on the loan. Defaulting on a loan will result in an immediate hit to your credit score and banks will often take any of your assets they can to make up for the default.
If you cannot afford monthly payments, a lawsuit cash advance may be a better option. Lawsuit cash advances do not require monthly payments. Further, lawsuit cash advances do not present the possibility of default. You only pay back your lawsuit cash advance if you get a settlement. So, you do not have to worry about not having the money to pay back the lawsuit cash advance. Further, you do not have to worry about the legal funding company trying to take assets to recoup the debt.
If monthly payments are not a problem, a traditional loan may be the best option. However, if you do not have the money to make monthly payments, call Pegasus Legal Funding to see if you qualify for a lawsuit cash advance.
MyLawFunds.com has provided settlement loan services to numerous plaintiffs all across the country. With our quick response system, we are able to provide the much needed funds to all of our applicants in a very short span of time usually within 3 working days, making our lawsuit funding services one of the fastest in America. The expert assessment teams with us make sure that our rates are lower than the rates provided by any other online settlement loan service provider. We usually provide financial assistance to individuals, companies and attorneys who have exhausted their resources while awaiting a fair settlement. Our cash advances will provide much needed relief to litigants who have been finding it to difficult to pay the increasing cost of litigation and other day-to-day expenses.
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Claimants can apply for lawsuit loans from us through the online application form available at our site. For applying, you have to just submit the form with all your personal details and our executives will contact you, as soon as possible, for further paperwork to be completed so that you get the funds as early as possible. Unlike personal loans, where you have to pay back even if the case is not settled, here you will not have to pay us back until the case is settled. If the case is not settled in your favor, you do not have to pay us back the money advanced by us. Our settlement loan services cover cases like medical malpractices, personal injuries, wrongful termination and a host of other lawsuits filed in the American courts. Any litigant can apply for our lawsuit loan services and be worry-free during the rest of their litigation proceedings!
.:About the author:.
Tiffany Sherrill is a paralegal at Pegasus Legal Funding, LLC. Recently Tiffany was the assistant to the General Counsel at PLF with a focus on contract and financial aspects of Litigation Funding. Tiffany is also continuing here education pursuing a Juris Doctor degree.