Loans Against a Lawsuit FAQ
Pre-settlement funding is not really a loan. As a form of no-collateral funding, a loan against a lawsuit poses virtually no risk to the borrower.
Read on to learn more about how taking out a loan against your lawsuit works.
Lawsuit Loan FAQ
As a relatively new type of financing, lawsuit loans help folks like you with active pending litigation get an advance against the expected value of their future personal injury settlements.
Because the only collateral on your lawsuit loan is the outcome of your pending litigation, you run no risk of losing your house, car, or even any money by losing your lawsuit.
Here are some other common questions and misconceptions around loans against a lawsuit.
- Are Lawsuit Loans Safe? – Only you know how to make the proper call on the financial decisions impacting you. We encourage all borrowers to consider their current financial needs. However, it has to be pointed out that lawsuit loans are generally far safer than other types of traditional financing, which require collateral and a good credit history.
- How Long Does it Take to Get a Loan Against a Lawsuit? – This depends on the lender you go with. At Money First Lending, we can send you your cash within hours of approval—it’s that easy.
- Can You Take Out More than One Settlement Loan? – With Money First Lending, we’re here for you when you need us—and that includes when your financial circumstances change. If you’ve already taken out a lawsuit loan, call us—we could get you funded with up to $500,000 to help you pay your bills.
- What Can I Use the Money for? – Use the money from your lawsuit loan to pay for your mortgage, car payment, groceries, or really anything else you need. After an accident, that’s the kind of financial freedom you deserve.
When someone else is responsible for your accident, there’s no reason you should have to choose between paying your bills and staying on top of all of your other commitments. At Money First Lending, we offer risk-free loan solutions to people like you. Find out more by calling us today.
Get a Lawsuit Loan Consultation for Free Today
Do you have active pending civil litigation but need access to your cash now? Money First Lending is here to help.
Give us a call at 702-623-3333 or fill out the form below to learn more.