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car accident loans intersection accidents
In towns and cities across the United States, vehicle accidents occur at intersections. Whether running a stop sign, driving impaired, or being distracted with a cellphone, these accidents can lead to devastating injuries. As a result, those injured due to the negligence and carelessness of others often file lawsuits to gain compensation for their injuries. However, these lawsuits can often take months to play out in court, leaving victims scrambling to pay medical bills and living expenses. But in recent years, many victims have turned to lawsuit financing companies to obtain money while waiting for their cases to settle. If you and your family are needing money to bridge the gap until you receive your settlement, here are some details to consider regarding lawsuit loans.
Good Credit Not Required
Unlike a traditional loan where a bank will look closely at your credit score, a legal funding company cares nothing about whether or not you have good credit. Since these are not actual loans but instead cash advances, the company is only concerned about verifying the details of your case and how much money you and your attorney expect will be included in your settlement. Therefore, if you have had a few missed payments on various bills while waiting for your settlement, this will not prohibit you from getting approved for a cash advance.
Little to No Risk
Since you are likely dealing with a number of financial issues at the moment, it is only natural to wonder how much risk is involved in seeking a lawsuit loan. However, since it is not a loan in the usual sense, there is virtually no risk associated with working with a lawsuit loan company. In most cases, you will be obligated to pay back the money you receive only when you have finalized your settlement. Therefore, even if the unexpected happens and you lose your case, you will not be expected to pay back the money you received.
Quick Verification and Payments
Once you contact a lawsuit loan company, it will generally get right to work to help you get the money you need as quickly as possible. Before approving your advance, the company will get in touch with your attorney to verify the details of your case and when a settlement is expected to be reached. Once this is done, payment can usually be made within 24 hours, making it a convenient option for many accident victims who need money quickly to pay medical bills and replace lost wages.
Varying Amounts of Cash Advances
Since no two lawsuits involving car accident intersection injuries are the same, the amount of money victims will be seeking for compensation will vary. Thus, this will affect just how much of a cash advance for which you would be eligible. Therefore, before seeking a cash advance from a legal funding company, always consult with your attorney to make sure you know the anticipated settlement amount. In most situations, companies will advance anywhere from as little as $500 to millions of dollars if necessary. To ensure all goes well with this process, your attorney will likely recommend you seek only the minimum amount of money you and your family will need until your case is settled.
You Control Your Case
In seeking out the services of a legal funding company, this in no way means you or your attorney are giving up control of your case. No matter how much money you may be advanced, you will always be in charge of your case regarding any decisions that are made along the way. In their role, a legal funding company that contacts your attorney is simply needing to verify your case and its details, and is not taking over control of your case or providing any legal advice about your lawsuit.
If you are facing the possibility of waiting many more months to receive compensation for your car accident injuries, a lawsuit loan from a reputable legal funding company may be the answer. By receiving a cash advance in as little as 24 hours, you will be well on your way to paying bills, meeting living expenses, and gaining the peace of mind you and your family deserve.