What does the term “legal finance” really mean? There are companies such as Mayfield Settlement Funding that advance money to injured victims who are involved in a personal injury lawsuit, or waiting for settlement from the insurance company. This money is advanced against a pending settlement, so that a victim can pay his/her bills and meet household expenses until the time that the money is actually dispersed. At Mayfield Settlement Funding, we offer legal finance services which allow you to get the money you need to pay bills, medical expenses and other costs quickly – generally within 24 hours of approval.We understand that personal injury lawsuits can take months to reach conclusion. In the meantime, your injuries may prevent you from working, and most insurance companies do not offer victims a fair settlement. Between the substantial medical costs associated with your injuries and reduced income, it can become difficult if not impossible to meet expenses. We are a legal finance company that makes getting the funds you need right now an easy, stress-free process.
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The process of legal financing is simple and straightforward, unlike many other more conventional-type loans. As long as you have a solid claim, it is likely that you will qualify. You are never asked to provide information regarding your credit rating or employment status; in fact, the only details your attorney will be required to provide are the details of the accident and the injuries that you suffered as a result. This information is used by our legal finance professionals to determine if you do have a strong, viable claim.
In recent years, legal financing has grown at an exponential rate, and is a sound financial solution for both injured clients and their attorneys. Through this process, you, as the injured victim, will have the money you need to live normally until your case is settled. On the other hand, your attorney will have the necessary funds to provide you with exceptional legal representation so that he/she can fight and WIN your case. At Mayfield Settlement Funding, we know that the legal finance process essentially provides a “lifeline” to those who have been backed into a corner financially due to a slow-moving legal system and other circumstances.
You will never pay any upfront fees or other out-of-pocket expenses, and only repay the advance once you have your money in hand. With legal financing, you only repay the money if you are awarded your settlement; if you do not receive your money for any reason, you owe nothing. Essentially, you can get the money you desperately need to live comfortably and avoid possible foreclosure or bankruptcy without putting your financial situation further in jeopardy.
At Mayfield Settlement Funding, we are a legal finance provider that genuinely wants to help those who have been injured and find themselves in a financial dilemma. Talk to your lawyer about legal financing, or give us a call any time you like 24 hours a day, 7 days a week.