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Georgia Lawsuit Funding
If you have been injured on the job, in a car accident, in a medical setting, or in a slip and fall case and are going through litigation, it is likely that you are feeling a little overwhelmed. As you go through this process, getting better should be your top priority. It would be great if you could dedicate all of your time and energy to healing. However, it is not the reality that most experience.
What most people experience is dealing with bills that are piling up as they are trying to get the medical care that they need. Some people are not even able to continue to work because of how serious their injury was. This means that they no longer have the money that they have relied on to cover their basic expenses. So their monthly expenses just accumulate. It can feel even more overwhelming when a person tries to cover legal expenses to help them get justice from the wrong that occurred. Many have found that a lawsuit loan can help them as they go through this difficult situation.
Learn More about Legal Funding
Legal funding is something that many refer to as a lawsuit loan. But the truth is that it is not really a loan. It is a tool that can relieve some of the financial burden that a person experiences as they wait for their case to be resolved. Loans require repayment. If a person borrows from a lender, they need to pay back the entirety of the loan along with interest.
When a person seeks legal funding, they will be given money that can be used immediately. Financial professionals look at each case individually. These individuals have experience with civil litigation. If it seems that a person is likely to win their case, the lender will give them money immediately. When the case is won, part of the settlement goes to the injured individual and the other part goes to the company that provides the legal funding.
When money is borrowed from a lending institution, like a bank, no one cares about the borrower’s circumstances. The money needs to be repaid or there will be long term consequences. When a person turns to legal funding, they will have the money they need to cover expenses during the time that their case is being looked at. If they win their case, they will receive more money. If they lose their case, they will owe nothing. That is just how legal funding is designed.
How the Application Process Works
Applying for a lawsuit loan is pretty simple. An individual who has been injured and is going through the litigation process will need to contact us either by telephone or online. They will need to provide basic personal information as well as the contact for their attorney. The person will be assigned a case manager.
The case manager will get in contact with the attorney in order to learn more about the case. The case manager is looking at how likely it is that the person will win the court case and receive a settlement.
If the legal funding is approved, the injured individual will be given a contract. The contract will outline the details of the lawsuit loan. Then funds will be delivered to the injured individual promptly.
How Legal Funding Can Benefit You
This is a risk-free way for you to get needed financial help as you recover from your injury and wait for a settlement. This type of funding is risk-free. If you do not win your case, you will not need to repay anything. This option is much easier to qualify for than a traditional loan. The reason why this is the case is because we are not looking at your credit history or your salary. The case manager is going to look at the quality of your lawsuit and how likely it is that you will win.
If you are just starting civil litigation, you likely have a long road ahead of you. You do not need the added burden of figuring out how you will pay for monthly bills, legal expenses, and medical bills. A lawsuit loan can help.