How a Lawsuit Cash Advance Can Help You
by Toni Hipolito
Introduction: When you’re involved in a lawsuit, waiting for your settlement can be financially challenging, especially if you’re out of work due to injuries. Bills pile up, and the uncertainty of when your case will settle adds to the stress. Fortunately, a lawsuit cash advance can provide the financial relief you need to cover expenses while waiting for your settlement funds. In this blog post, we’ll explore how a cash advance on a pending lawsuit works and how it can benefit you.
What is a Lawsuit Cash Advance?
A lawsuit cash advance is a form of legal funding that provides you with upfront cash based on the expected proceeds from your future settlement. It serves as collateral on a loan, allowing plaintiffs in personal injury cases to access funds to cover medical bills, rent, and daily expenses while their case is ongoing. Unlike traditional loans, a cash advance on a pending lawsuit is non-recourse, meaning you’re only required to repay if you win your case.
How to Borrow Money from a Pending Lawsuit
Applying for a cash advance on a pending lawsuit is a straightforward process:
- Submit an Online Application: Provide your contact information, your lawyer’s details, and the requested cash advance amount through our online application portal.
- Speak with Our Staff: Our team of legal experts and underwriters will review your application and contact you to discuss the details of your case.
- Receive a Cash Advance Offer: We’ll make an offer within 24 hours, based on the information provided by your attorney. You can accept the full offer or choose the amount you need for your cash advance.
How Can I Use My Cash Advance?
There are no restrictions on how you can use the funds from your cash advance. Whether it’s covering medical bills, rehabilitation expenses, rent payments, or daily living costs, you have the flexibility to use the money where it’s needed most. The goal is to alleviate financial stress and allow you to focus on your recovery and legal case.
What If I Lose My Case?
One of the key benefits of a lawsuit cash advance is that it’s non-recourse, meaning you’re not obligated to repay the advance if you lose your case. Your future settlement serves as the collateral for the advance, not your personal assets or income. Therefore, you can pursue your lawsuit without the fear of additional financial burden in the event of an unfavorable outcome.
Types of Lawsuits We Fund
At Trauma Cash, we provide cash advances on pending lawsuits involving a variety of situations, including auto accidents, personal injury claims, and product liability cases. Whether you’ve been injured in a car accident, workplace incident, or due to a defective product, we’re here to help you access the financial support you need during this challenging time.
Conclusion
A lawsuit cash advance can be a lifeline for individuals involved in pending legal cases, providing much-needed funds to cover expenses while awaiting settlement. With a simple application process, non-recourse repayment terms, and flexible usage of funds, it’s a valuable option for plaintiffs facing financial hardship due to their injuries. If you’re in need of financial assistance during a pending lawsuit, consider exploring the benefits of a cash advance with Trauma Cash.