Lawsuit Loan in 5 Easy Steps

Has someone else’s negligence resulted in an injury to either you or a loved-one? Do you only have one car and it is no longer safe to drive? Are you unable to work due to your injuries?

Are the bills continuing to mount up, in spite of your inability to pay because you are quickly running out of money?

Is a lawsuit loan a possible solution? If it is, how do you know whether it will be approved for funding?

What a great question! These 5 keys are identified to provide you with the roadmap you need to get your lawsuit loan accepted:

Excellent question! Hence, the purpose behind providing 5 keys to help you get your lawsuit loan accepted:

1. Get an attorney. Simply put, without an attorney, you will be unable to obtain the funds requested. Why? The lender must rely on the services of an attorney to gather much-needed information to assess both the merits and value of your case.

a. Who is at fault?

b. Information regarding the insurance carrier on-the-risk for paying the claim.

c. Filing of motions against the party who caused the injury.

c. Motions that must be filed against the responsible party.

d. Motions that must be filed with the court.

e. Need for depositions.

g. Your attorney will provide all of the foregoing information, and more.

2. Ensure that you provide the correct name of your attorney to the lender. A lawsuit loan may be, and often is, denied due to the fact that the application has an incorrect name for the attorney-of-record.

If you fail to follow up to ensure that the correct attorney’s name is provided, your claim will be denied and you’re left wondering why.

3. Your lawsuit loan may be denied simply because you failed to provide correct attorney-contact information to the lender. The lender must have correct contact information, to include telephone number, fax number, etc., for your attorney.

3. Provide the lender with your attorney’s correct contact-information (e.g., telephone number, fax number, etc.). Many lawsuit loans are denied simply because incorrect contact information is provided.

Once again, failure to follow up will likely result in your request for funding being denied.

Don’t allow your claim to be denied due to these simple, easily correctable errors.

You will often find the payer, often an insurance carrier, attempting to rush you into signing a waiver intended to keep you from pursuing any action against the party who injured you.

If you sign the waiver, the insurance carrier will be very happy. However, you will be forever prevented from pursuing a claim against the party who harmed you. This may prove disastrous.

Your attorney should be consulted prior to your signing any waivers!

Do not sign any waivers prior to discussing this with your attorney!

5. Once you have an attorney, neither contact the insurance carrier nor accept calls from the insurance carrier prior to discussing this with your attorney.

The insurance carrier may discuss the case with you, however, requesting statements under oath, waivers, etc., once you open the door by contacting them after you have retained an attorney.

Make your attorney that fee you’re being charged!