Advantages of Lawsuit Loans
So you have a pending personal injury or medical malpractice case that will take more then a year or two to resolve. Life goes on and there are bills to pay. You considered a conventional bank loan but the prior credit or work history got in the way. The bank wants collateral, income verification and credits checks in order to consider your appication. Maybe it is time that you consider a lawsuit loan as opposed to a bank loan.
Lance Lawsuit Funding is the pathfinder of lawsuit loans and provides more non-recourse loans than other traditional lending companies. Most non-recourse loans are approved within 24 hours because there is no credit or employment check. Your loan approval is based upon your pending or settled lawsuit.
What is a non-recourse loan? A non recourse loan means that if there is no case settlement of jury verdict, then you do not have to re-pay the money. Lance Lawsuit Funding is investing the money into your case and takes the risk that you will win a settlement. So the money is risk free to you because we are paid only when you and your lawyer win the case.
A Comparison Between Lance Loans with Bank Loans:
Lance Lawsuits Loans
- No Credit Check
- No Employment verifcation
- No collateral required
- 24 hour approval
- full amount requested in most cases
- funds wired into your checking account same day
- Non-recourse loan – pay back only when win case
- Risk-Free borrowing
- Requires good credit
- Requires Employment verification
- Requires collateral in many cases
- Takes weeks or months to approve
- Not Risk-Free borrowing because must pay back
- May require a co-applicant
What Is Risk-Free Borrowing?
Imagine being able to borrow money, but only have to pay it back if you win your case. That is exactly what Lance Lawsuit Funding does when it approves your request for either a pre-settlement advance or lawsuit loan. It is what is know as a “non-recourse loan.” We advance money to you based on your case. We invest into your case and we are paid back only when you win your case. The process is very easy.
1. Contact Us
Just give a call or drop us an email about your case and loan request. We will ask you a few questions abou the case and which lawyer your are working with.
2. We Contact Your Lawyer
We call your lawyer for a couple case documents and the ask a few questions.
3. You Are Approved
Within 24 hours from when your lawyer provided the documents we will make a decision to fund you. The money may be wired into your checking acount the same day.
Lance Lawsuit Funding will provide pre-settlement non-recourse loans to people in most persoanl injury cases. The types of cases we fund include automobile accidents, slip & fall cases, medical malpractice cases. pedestrian accidents, product liability cases, Actos settlements, Transvaginal mesh cases and lawyer loans, to name a few.
If you would like more information about Risk-Free borrowing call or email Lance Lawsuit Funding.