The wheels of justice grind slowly; nowhere is this more evident than when there is a lawsuit in which you are a part of. There are few resources available for the litigant (you) who just wants to get back on with their lives. However there is one resource which you may wish to take advantage of; a settlement funding loan or a lawsuit cash advance. But what is this? How does it work? What are the advantages to the consumer? Here are 5 reasons why you could use something like settlement funding during a lawsuit.
Loans Buy You Peace of Mind: While no one likes to be indebted to someone else, these types of cash advance loans make a lot of sense for the right reasons. When you’re involved in a messy, time-consuming, slow lawsuit you are likely losing sleep and have tons of anxiety. The last thing you need are bill collectors ringing your phone, sending you emails, and big red flag reminders of money you owe them. If you get some advance from a pending decision you will be treated with peace of mind.
The Money is On Its Way: When you’re talking about one of these types of loans, the money is practically in the bank. By honoring all of your current debts and obligations the strain is taken off and time is granted for the wheels of justice to spin on.
This will allow you to take better decisions as far as loans are concerned and if the debts are taken care of in time, then your credit history will become better, leading banks to provide you with bigger loan offers in the future and you will be saved the trouble of spending a significant amount on an rfp consultant, who are anyhow looking out for such opportunities.
Personal Injury Means Lost Wages: When you’re in the middle of a personal injury case you likely have lost wages. You may not be working right now. When you get some upfront funding to help stem the tide you aren’t going to be forced into a situation to take less up front from whomever you’re suing in order to get the money quicker.
Time is on the Big Guys Side: Another point about these lengthy lawsuits is that time always works in the favor of those who have to pay out. The longer they can keep you waiting for your settlement, the better it is for them. You’re the one with immediate needs, you’re the one when presented with no other resources who may just be likely to settle for less than what you should have coming to you. Time works in favor of big money; by getting some upfront funding you are leveling the playing field for your defense and your legal team.
Life Moves On: At the end of the day the simple fact is that life moves on. You have obligations, you have to put food on the table, and you have to give shelter and clothing to your family. When you need resources and your backs against the wall, this advanced funding makes sense.