What is an asset based loan? An asset-based business line…
California Lawsuit Funding
California Lawsuit Funding
Personal injury and assault cases usually result in the victimized party receiving some type of financial compensation for their pain and suffering. The main issue is how long that compensation takes to arrive. Even with a lawyer working on the case, insurance companies can drag claim and settlement hearings out in court. There are times when you just cannot wait for that money to arrive. Living in California is expensive enough without having to worry about the added burden of not being able to work as a result of your injuries. You may have medical bills that continue to pile up as well. You need access to your compensation now, and that is what a California lawsuit loan can bring you.
A Unique Type of Loan
This is a loan unlike any you have probably heard of before. We say this because it actually carries no-risk to you as the borrower. This is money that is already yours. As such, the lender is willing to provide you a cash advance of sorts against the claim that is going to come your way in the future. It is a loan that you will never make a monthly payment on, nor are there any fees you need to pay up front. The lender gets paid back from the proceeds of your settlement. You won’t even have to write that check, as your attorney will take care of that.
Some people wonder if they would have to pay back their California lawsuit loan back if they ultimately lose the case they have filed. The answer is no. If that were to happen, the money would be yours to keep. It does not happen very often, but this is what makes the loan entirely risk-free to you. You get to receive some or your cash now, which is a vital lifeline that you need to get things for you and your family going financially, understanding that the rest of your settlement money will come later.
What Do I Need In Order To Qualify for a California Lawsuit Loan?
Qualification for this type of pre-settlement funding is quite easy. You need to have a claim against an insured party that is currently being handled by a lawyer. Your attorney of record needs to have taken that case on a contingency basis, meaning that he or she does not get paid until your case is finally settled in your favor. If you have that in place, then you will want to contact Delancey Street. As your lender, they will talk to your attorney to find out more about your case. Assuming that the claim is valid, you can receive up to a total of 15 percent of the anticipated value of the settlement as a loan almost immediately.
Getting approved for a California lawsuit loan does not take long at all. You also do not need to worry about your credit or employment history. These are not taken into consideration for this loan. This is yet another unique component of this type of funding. Your application is judged solely on the merits of the case that you have pending against another party. Once your application is approved, the money can be in your bank account in a matter of hours.
The Types of Cases That Qualify for a California Lawsuit Loan
While not every type of legal case qualifies for a California lawsuit loan, many do. If you have been involved in an auto accident that is not your fault, you almost certainly have a case. Incidences of medical malpractice will also qualify you for this loan if it looks like you have a serious case against a medical provider. These cases quite often take quite some time to resolve, which is why you will really want to consider this loan in order to bridge the divide for you financially. Other types of cases that qualify involve issues of premises liability, a FELA lawsuit, and incidences of assault and battery. Policy brutality can also be considered here.
If you are need of money now as a result of your pending legal case, contact Delancey Street to inquire about getting a California lawsuit loan. This is a way to get the money that you need today.