Why You Should Use Pre-settlement Advance
If you have a pending case but are running low on cash due to the various expenses you have to cover, you should consider getting a pre-settlement advance. Due to desperation and lack of money, majority of people who file for personal injury and corporate claims often settle for far less than what they would have gotten, that is one issue that settlement advance is trying to eradicate. All the problems that can push you to settle your case early with the insurance company can be solved if you choose settlement advance cash instead. The following are advantages of settlement advance.
An advantage of settlement advance is the fact that you can spend the money the way you want; there are no restrictions on the things you can do with the cash you receive before the settlement. The moment your personal injury or corporate claim is settled you are required to repay the lender of a settlement advance cash but if you don’t win, you walk away without paying anything. Anyone applying for settlement advance cash has to meet two qualifications to be eligible; have a pending personal injury or corporate claim and be represented by an attorney.
In addition to repaying the loan when your claim has been settled, you are under no pressure to repay before it is settled; a lawsuit cash advance helps reduce your stress levels because you no longer have to worry about where you are going to get the money you need. The majority of people who take their personal injury or corporate cases to court are struggling financially because they are unable to work or maintain a steady income, settlement advance cash lenders understand this, which is why they are not interested in verifying your income.
With the cost of medication skyrocketing and medical bills piling up fast, most people are usually unable to cover the medical bills after an accident, this is where a settlement advance loan comes in to help. Thanks to settlement advance cash, you can resist the temptation to settle your claim out of court for less than the full value of your claim.
When you apply for a lawsuit cash advance, you don’t have to have a good credit to be approved; potential lenders do not look at credit score so anyone is welcomed to apply and since it is a non-recourse loan, your assets will not be evaluated. If you think applying for a settlement advance is dominated by paperwork like a bank loan, you couldn’t be more wrong; you can apply for the loan from the comfort of your house. These are the benefits of settlement advance.