Filing a lawsuit is often quite a daunting prospect. However, if someone else’s negligence has damaged you in any real sort of way, you deserve compensation. The best way to get that compensation is to file a lawsuit.
Still, there is the problem of the cost of an attorney. If you already have medical bills from your injury or from repairing your car, how can you afford an attorney?
Furthermore, how can you continue to fight the case to get your full compensation if you don’t have the money to tide yourself over in the meantime?
Luckily, there is a solution to this problem: Injury Wallet can help you get lawsuit funding in Las Vegas. Better yet, in finding you legal funding in Las Vegas, we can help you save money at the end of the day.
What Are Lawsuit Loans For?
Las Vegas pre-settlement loans are a financial tool that helps civil plaintiffs bridge the financial gap between when they file their lawsuit and when they settle it.
Sometimes, when you file a lawsuit, you may find yourself hurting financially, particularly after an injury.
Despite your financial strain, however, you need to get treatment for your injuries, pay your rent or mortgage, and put food on the table. Often, defendants in civil cases bet on the fact that a plaintiff is under financial strain.
They make disingenuous settlement offers that don’t fully compensate a person for all the damages they are owed. Their bet is that you are hurting enough financially that you have to accept their lowball offer or let your bills pile up.
Injury loans in Las Vegas will allow you to take care of bills now, so you can see your lawsuit through to the end.
At the end of the day, you get to enjoy more of your settlement because you aren’t paying interest on a plethora of bills.
Who Qualifies for a Lawsuit Loan?
Qualifying for a lawsuit loan is a relatively simple process. Settlement loans in Las Vegas are available to plaintiffs in civil cases. The two requirements are that the plaintiff has a lawsuit filed in court and that they have an attorney representing them in that lawsuit.
When you apply, your lender will contact your attorney to verify that they represent you and to learn more about your case. Using that information, they decide how much they can lend you and at what rate.
Are Lawsuit Loans Different from Other Loans?
While lawsuit loans are still loans, they function differently than most loans that you are probably used to. Most loans are what we call recourse loans.
Lawsuit loans are non-recourse loans. The difference between the two has to do with what the borrower is liable for in the event of a default.
With a recourse loan, a lender can hold a borrower personally liable for defaulting on the loan. That means that they can seek repayment through any of the borrower’s assets: their house, car, boat, or even their furniture.
Non-recourse loans are different. The only collateral that a lender can go after for repayment of a non-recourse loan is whatever the borrower specifically puts up as collateral.
When you take out a lawsuit loan, you specify your eventual settlement money as the sole piece of collateral. In practice, this makes lawsuit loans relatively risk-free.
That’s because if you fail to settle out of court or lose in court, your collateral is nonexistent. In other words, if you lose your case, you don’t have to repay your lender a single dollar.
Get Started with Injury Wallet Today!
Injury Wallet is not a provider of lawsuit loans. Instead, we ensure that you get the most out of your settlement money by paying the least in interest.
Instead of lending you the money ourselves, we take your application, shop it to the nation’s top lawsuit lending companies, and then bring you the best offer we get.
Loan agreements are complicated, and shopping for them can drive a person insane. We know how to spot hidden fees and interest rates in contracts, so we look at them for you.
All you need to do to get started with Injury Wallet is fill out just one application. We’ll take care of the rest. Get started with Injury Wallet today!