Vermont Lawsuit Loans
Vermont Lawsuit Loans
When you have been injured and cannot work, bills seem to pile up. Vermont is a state that prides itself on financial stability, yet that can all come crashing down in an instant when you are no longer able to provide for your family through no fault of your own. You have a valid financial claim pending against the other party, but it seems that you just cannot wait for that money to arrive. With lawsuit funding, your wait can be over. This is a way to get the funding that you need today in order to wait for your full settlement at some date in the future.
The Basis for Vermont Lawsuit Funding
Lawsuit funding is made possible because of a strong case against another party. The claim is valid and it is an almost certainty that you will get the money that you are entitled to. The only real question is when. Because of the uncertainty involved in anticipating the timeline in such cases, you cannot always wait for the claim to come through. You have financial needs today. This is a no-risk type of financing that you can live with. Basically, you will receive a certain percentage of your anticipated settlement upon approval. You can use that money however you need. You do not pay back the money until your case is won. It is as simple as that. In fact, you do not even pay the money back in the rare event that you were to lose the case.
How Do I Sign Up?
It is quite easy to get approved for this type of Vermont lawsuit funding, provided that you meet the qualifications. Delancey Street can walk you through the process, but it basically starts with you having a financial claim against another insured party. You must already have an attorney retained to fight the case for you, and that case must have been accepted on a contingency basis. This is how most personal injury cases are set up, so you should be good to go there. The lender will then talk to your attorney to learn more about the case. As long as everything appears to be in order, you could have the loan funded in just a few hours. The money can even be directly deposited into your bank account.
Why Would I Need Vermont Lawsuit Funding?
Imagine that you have been injured in a slip and fall accident at a major company that you were doing business at. This injury was the result of negligence on their part, yet you are the one paying the price. You have a claim pending against them, but it is either held up in court or with the insurance companies. In the meantime, you need cash. You know it is coming, but you don’t when. Lawsuit funding is a way to get access to what is rightfully yours today. All you pay for the privilege of doing so is an agreed upon loan rate to the lender once your case is settled.
Does My Case Qualify?
You might wonder if you have the type of pending claim that qualifies for this type of loan in Vermont. Most personal injury cases will qualify, as long as the other party was either insured or self-insured. Other types of cases that can qualify for lawsuit funding include FELA lawsuits, medical malpractice cases, and incidences of assault and battery. As long as your case has merit and it looks to be certain that you will eventually be awarded financial damages, you may find that you easily qualify for this type of loan.
How Much Money Is On the Table?
When it comes to funding this type of loan, you can look at receiving a maximum of 15 percent of the anticipated claim amount. You do not have to request the entire amount. Just ask for the amount that you need, up to that maximum, and the lender will see what they can do.
Do not live under the burden of financial strain any longer. If you have a legitimate claim, look at lawsuit funding in Vermont as a way to get back on your feet again. Contact Delancey Street for more information.