There are many things to consider when choosing a lawsuit loan company. Many factors exist which should be taken into consideration before making a decision. A lawsuit loan company is a company that finances plaintiffs' claims of personal injuries and their representation. Some factors that you will see here for your consideration prior to selecting a lawsuit loan company include:
Comparison of Hurdle Loans and Settlement Loans. The Hurdle 911 pre-settlement loan companies calculator shows you: how much money you could potentially save with their services. Also, how much interest you'll be paying on your lawsuit loan through the pre-settlement loan companies. When comparing pre-settlement loans and settlement loans consider all aspects of the application process and look at all fees and charges.
The Application Process. Be sure the terms and conditions of the lawsuit loan companies are fair and reasonable. The last thing you want is to be overcharged because of a lack of disclosure of fees. It is also important that if the terms are not fair that you don't sign them. Never agree to sign or even give your authorization for a fee until you have read every term and condition in the contract.
What is the Lawsuit Loan Company's Policy Regarding Attorneys? You need to know what type of attorneys they finance and under what circumstances. The terms and conditions of any pre-settlement funding company should state clearly their policy regarding attorneys and who can provide representation to the plaintiffs in your case. It is also important to understand if the company has any policies regarding non-disclosure of attorney fees. Review the fine print of the pre-settlement funding agreement for any applicable provisions and make sure they do not violate any agreements or principles of professional liability.
What is the Last Thing the Company Will Do for You? Every good lawsuit loan company is going to do everything they can to ensure their client's rights are protected, but there will be some limits. Sometimes the company will require an attorney to act on your behalf, at other times they will offer to fund the attorney without any cost to you. Again, review the fine print so you understand what is required and what you can expect. In some cases, you may have to retain an attorney on retainer, so it is always good to know what is expected of you.
Will My Lawyer Really Get the Cash I Need? The reality is most lawyers today are used to the lawsuit financing applications. It is up to you to find an attorney who specializes in litigating personal injury lawsuits and will be willing to put the time into researching your case and obtaining cash advance loan funds. Many lawyers will even work on a contingency basis, which means they only get paid if they win your lawsuit. You may need to check out this article: https://en.wikipedia.org/wiki/Litigation_funding to get more info on the topic.
