What Are Legal Loans?
Getting a personal injury settlement takes time—months or years, usually. All the while, your bills never stop coming. Dealing with increasing bills at a time when you can’t work because of your injury, causing you to feel significant financial pressure.
Fortunately, a legal loan from Money First Funding can be a solid solution. Structured as a cash advance against the value of your future settlement, legal loans can give you flexibility and autonomy you need during a difficult time.
Read on to learn more about legal loans from Money First Funding.
How Do Legal Loans Work?
Available in nearly all legal jurisdictions in the U.S., legal loans were created to help personal injury victims with pending litigation cover their expenses during the time period between filing their claim and receiving a settlement.
Unlike traditional loans, which can be awarded based on your creditworthiness and illiquid assets, legal loans are more like a cash advance on the expected value of your personal injury settlement.
That’s why when you take out a legal loan with Money First Funding, you assume no risk of falling in debt. The loan is only secured by the expected outcome of your case—and if you lose, you owe us nothing.
It’s important to understand that not all legal loans are the same, however. Some companies use loan-shark tactics, or assess predatory interest rates to make a quick buck at your expense.
At Money First Funding, we believe that transparency is key. That’s why we prefer an easy-to-understand annual fee over complex interest rates, and these are easy to identify in the contract you sign with us.
Ease-of-use, communication, and results—the values that make Money FIrst Lending different from the competition.
How to Apply for a Loan with Money First Funding
Not only is getting pre-settlement funding with Money First Funding safe—it’s easier than ever!
- You contact us – We need some basic information about you, your case, and how a legal loan from Money First Funding fits in your plans.
- We speak to your attorney – Talking things through with your lawyer helps us understand your case, and helps us ensure that all parties involved understand the necessary terms.
- You get your money – Once approved, you can expect your legal loan to be wired to your bank account within hours.
With Money First Funding, the only factor we consider when determining eligibility for a loan is your pending case—never your credit score, employment standing, or other considerations.
Contact a Legal Loan Company Today
Did we mention that getting a consultation with Money First Funding is easy and totally free?
Call us at 702-623-3333 or fill out the form below to find out if a legal loan is right for you.