What is settlement funding, exactly? It is actually a cash advance given to Detroit, Michigan applicants who qualify. Rather than a loan, you will receive an advance against your own money, the damages you expect to recover at the time your lawsuit completes. This advance can be used to pay the mortgage, utility bills, attorney fees, and other expenses while you wait for your lawsuit to settle. Essentially, you can live comfortably without fear of financial issues or possibly bankruptcy and avoid settling with the defendant for less than you really deserve.
The pre-settlement funding process is very simple. If approved, you can have the cash you need right now, so that you can pay the bills that are piling up. All that is required is that you attorney fill out our application, which pertains only to your lawsuit including information about the accident and your injuries. If you are concerned that your credit rating or employment status may affect your eligibility, not to worry. Personal information will not be requested.
Detroit is the most populous city in the U.S. state of Michigan, the fourth-largest city in the Midwest and the largest city on the United States–Canada border. It is the seat of Wayne County, the most populous county in the state. Detroit’s metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the fourteenth-most populous metropolitan area in the United States and the second-largest in the Midwestern United States (behind Chicago).is the largest city in the midwestern state of Michigan. Near Downtown, the neoclassical Detroit Institute of Arts is famed for Diego Rivera murals inspired by the city’s long-standing ties to the auto industry, which earned it the nickname “Motor City.” Detroit is also the birthplace of Motown Records, whose chart-topping history is on display at Hitsville U.S.A.
Detroit, Michigan, residents who are in search of information regarding pre-settlement funding can rely on us for the answers you need to make an informed decision. At Mayfield Settlement Funding, we understand the issues plaintiffs often face when involved in a drawn-out personal injury lawsuit. Meeting your financial obligations can be difficult, considering time spent in court or possibly lost income if you cannot work. Medical bills keep piling on, and you feel that things are spinning out of control.
We provide personal injury loans to individuals who are represented by an injury lawyer, and who have strong claims. Before you decide that you claim may not be solid, keep this in mind: An attorney will not usually accept a weak case, because most work on a contingency fee basis and will not get paid until his or her client does. If you have an injury lawyer, chances are you will qualify for lawsuit funding. The only cases we do not accept are those that are frivolous, and would not likely be won in court.
Lawsuit loans are a non-recourse type of funding, which means that you are not responsible for repayment of the advance in the event you do not win your lawsuit. This gives you peace of mind, knowing that you will only be required to repay the loan if you do in fact win your case. Settlement funding has helped tens of thousands of injury victims live comfortably and meet their financial obligations, while continuing on with their lawsuits in order to collect the full compensation they deserve.
Interested in learning more, or want to apply for lawsuit funding today? Call Mayfield Settlement Funding at Call us at (855)329-1503 or visit our immediate service page or email questions [email protected]