How does pre-settlement funding work? Unlike a traditional bank loan in which you have to wade through a lot of red tape and jump through hoops to qualify, lawsuit loans require only that you have a strong, viable case. Your lawyer will be required to fill out an application which applies only to the details of your injuries and the events that led to them. For instance, if you were involved in a car accident, your attorney will provide the details of the accident along with facts regarding the injury or injuries you sustained. You are never asked to reveal personal information such as your employment history or credit rating. Whether you qualify for pre-settlement funding is determined solely on the strength of your lawsuit.
What happens if you are eligible for an advance against your pending settlement, then fail to win your lawsuit? Personal injury loans are considered a non-recourse type of funding in Anchorage, Alaska, which means that you only repay the funding company when you win. If you lose your suit, you owe absolutely nothing – the money is yours to keep, no strings attached. Alaska auto accident lawsuit loans can help you accomplish this goal.
Interested in learning more about lawsuit funding, or ready to apply to see if you qualify? At Mayfield Settlement Funding, our top priority is to help make injury victims’ lives easier and less stressful.
Anchorage (officially called the Municipality of Anchorage) is a unified home rule municipality in the U.S. State of Alaska. Anchorage’s location on the globe puts it within 9 1⁄2 hours by air to nearly 90% of the industrialized world. For this reason Anchorage is a common refueling stop for many international passenger flights and is home to a major FedEx Hub which the company calls a “critical part” of its global network of services. If you live in Anchorage Alaska and are interested in learning more about lawsuit loans, Mayfield Settlement Funding is here to help. Not actually a loan at all but a lawsuit cash advance given against a pending lawsuit settlement to those who qualify, lawsuit funding helps injury victims pay the household bills and other expenses for the duration of a lawsuit.
Between the medical costs and lost income when a victim cannot work, the financial struggle can become more than you can handle while awaiting cash for settlement. Mayfield Settlement Funding settlement funding in Anchorage, Alaska, is the ideal solution for victims of negligence who are involved in a personal injury lawsuit, which can take months or even longer to reach completion. We understand that when you cannot work due to your injuries, paying the monthly bills and buying groceries can be almost impossible. Personal injury loans against lawsuits help you live comfortably and avoid possible financial disaster.
Sometimes victims decide to settle for whatever the defendant and the insurance company offer, for the simple fact they cannot afford to keep going forward. Lawsuit funding helps you avoid settling for less than you deserve out of necessity, as you can use the money to pay your bills, medical expenses, lawyer fees, and other costs.
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Where one of our Anchorage, Alaska, area funding experts will walk you through the easy and quick process.