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Phoenix Lawsuit Loans
If you have been involved in a personal injury case, you are already aware of the financial and emotional hardship that you are going through. There is a lot on your plate at the moment, and it seems as though the wheels of justice are turning very slowly for you. In the meantime, you have bills to pay. It would be nice if there was a way to have access to some of the money now from the financial settlement that is almost certain to come your way in the future. With lawsuit funding, you now have a possibility that is closer to achieving than you may realize.
With lawsuit loans in Phoenix, there is absolutely no risk involved. In fact, we do not even check your personal credit report during the application process. Your qualification is judged on the merits of the claim that you have pending against another party. You will not owe one penny to the lending company until your case is won. In fact, if you were to lose the case, the money would still be yours to keep. It would not need to be repaid. It is this type of no-risk funding that you really cannot pass up, particularly when you have bills to pay in Phoenix and your claim is nowhere close to being settled.
How Does It Work?
Many people have a legitimate financial claim against another party. Imagine that an insured motorist hits you as you are walking across the street in a designated crosswalk. This is not a situation any of us wants to find ourselves in, yet it happens far more than we want to admit. The injuries that can result are severe, and the impending financial hardship almost unbearable. You should certainly win a case for financial damages against the other party. The only question is how long will it take to get your money. No matter how good your attorney is, the process still must run its course. In the meantime, you have bills that are piling up and you still cannot return to work.
This is a prime example of how lawsuit funding in Phoenix can work for you. Delancey Street would talk to your attorney just to get more information about your case. Once it is determined that your claim is valid and that you have a very good chance of winning, you can get a certain percentage of your anticipated financial award as cash today. You can then use that money to do with as you wish today. You will still get the rest of your money once the claim is settled through your attorney on record. At that time, the lending company would also get a percentage as agreed to in the loan terms.
What Do I Need To Know?
In order to qualify for this type of lawsuit funding, you do need to have a legitimate claim pending against another insured party. It can also be against a self-insured party, such as a government agency or major corporation. In addition, you need to already have an attorney representing you who has agreed to take the case on a contingency basis. If these qualifications are in place, you could potentially request a loan of up to 15% the amount of your anticipated claim.
What Type of Cases Qualify?
It is important to keep in mind that more than just auto accident cases qualify for lawsuit funding. You could have a medical malpractice suit pending against a healthcare provider. As a result, you have medical bills that need to be paid while you await your settlement. Such cases are notorious for dragging on for quite some time. A loan against your future settlement can really go a long way towards helping you and your family get by in the short term. Other cases that qualify for this type of funding include FELA lawsuits, claims against a company or building, and assault and battery.
If you have a valid claim against another party, do you not feel as though you have to struggle financially while you wait for it to be settled. Delancy Street is here to help. Contact us about the possibility of a Phoenix lawsuit loan.