What is a Non-Recourse Lawsuit Loan?
Being involved in a lawsuit as the plaintiff or the defendant can be a long, stressful endeavor. When you’re also trying to juggle your recovery from your injuries, that makes
Following a stressful incident that results in a lawsuit, the last thing you need is financial distress. In addition to your legal bills, you may be struggling with life maintenance bills (like rent), medical bills, and lost income if you are taking time off work to recover from injury. Tragically, financial distress is a common symptom of legal battles.
However, it doesn’t have to be this way. You have options. At Money First Funding, we are here to help you get an advance on your settlement so that you can feel financially secure while you endure legal proceedings.
Lawsuit loans are, to put it simply, a loan you take out to create financial security while you are in the midst of a lawsuit. Essentially, these loans are a calculated advance on the eventual settlement you will hopefully receive once the lawsuit is over.
People take out lawsuit loans to ensure that they are able to pay their bills while they await compensation. They also sometimes take out these loans to ensure that the process isn’t rushed and that their attorneys have additional time to get the best possible settlement offer.
There is always the fear associated with taking out a loan: what if you can’t pay it back? While that feeling is understandable, you don’t have to worry when it comes to non-recourse loans.
If you don’t win the case and receive your settlement money, you don’t need to pay back a non-recourse loan. It’s as simple as that. If you lose the suit, you owe nothing. This is different from traditional financing, where you must pay back the money you were loaned, regardless of the outcome of your case.
If you are the plaintiff in a personal injury case, you have a good chance of being approved for a non-recourse loan. The more cut-and-dry your case is, the more likely a lawsuit lending company will be to give you the money you need.
Get a Lawsuit Loan to Help You Recover
At Money First Funding, we know the industry. Our owners are a personal injury attorney and a retired chiropractic doctor. With the owners’ knowledge of those industries, we have an even more personal connection to this part of the legal system than most lending agencies.
We have helped thousands of people suffering financial distress during their legal troubles. We know the ins and outs of the struggles that accompany a drawn-out legal battle. We’re here to help clients get back on their feet financially while they wait on the court system. Our company wants nothing more than to alleviate the stress you’re experiencing.
If you believe that you could benefit from a non-recourse loan, don’t hesitate to reach out to the folks at Money First Funding. Call 702-623-3333 to get the money you need, now!