Pre & Post Settlement Cash Advances - Commonly Asked Questions

Individuals that are in the process of a lawsuit may be wondering about possible cash advances that are available to them. Below you will find some of the common questions that individuals have asked about this type of cash advance.

How can a pre-settlement cash advance help me?

This type of cash advance helps individuals meet their monthly obligations which include a mortgage, car payments, credit card payments, food, medicine, medical bills, and any other expense that my come up while your lawsuit is being fought or finalized.

How does the company determine how much money I can borrow?

Each financing company is different, but they mainly base their calculations on the types of injuries that you have sustained, the nature of the accident and other details of the case. Each company has a team that will thoroughly review your case to place the appropriate dollar amount on it.

What happens if I lose the case?

If you end up losing your lawsuit, the company will not require you to pay back the money that you borrowed. This is one of the reasons these companies require such a high interest rate.

I received a structure settlement and need all the cash now. How can I get access to my money?

Individuals that have received a structured settlement as their compensation for personal injuries will receive a specific dollar amount at specific times. There are companies that will purchase these specific payments and provide you with a lump sum of money.

Will I receive the entire face value of my structured settlement?

No--when a company purchases your structured settlement, they will have to wait to get their money back, so they offer you a lump sum of money that is less than what you would have received if you had simply continued receiving the settlement payments.

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About the Author:
If you are facing complex legal issues, cash flow is critical. An experienced law firm financing center can help you determine the best way to proceed with legal action and address everything from disbursement funding to litigation financing and legal funding.

Article Originally Published On: http://www.articlesnatch.com

Tags: settlement , cash advance , common questions , financing

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