Are you an injury victim in need of a settlement advance? At Mayfield, we realize that those who are injured and involved in a personal injury lawsuit often need cash immediately, and cannot wait for their lawsuit to reach completion. These types of lawsuits often take months or even longer to settle. When creditors are hounding you, the medical costs are quickly mounting or you fear losing your home, it is extremely stressful. If you’re interested in learning more about how a settlement cash advance against a lawsuit works and whether you may qualify, you will find the details below.
What is a settlement advance?
Simply put, it is a settlement advance against the money you expect to win when your lawsuit concludes. This money can be used to pay household expenses, medical bills, or even to buy groceries. Often times these advances are needed to simply maintain your living expenses until you can settle your case. A cash advance against your pending settlement allows you to live as normal while your attorney fights to win the full compensation you need for your injuries or lawsuit. Additionally, a settlement advance can mean the difference between your attorney has the time to aggressively fight on your behalf and not settle your case pre-emptively.
Insurance companies rarely, if ever, offer an injured victim the fair compensation he or she is entitled to after being injured due to negligence. However, many individuals do accept a low-ball offer, simply because they do not have the energy or time to fight. A settlement advance helps you avoid accepting only a small fraction of what you actually deserve. If approved, you will have the money you need to meet expenses while your attorney seeks the full compensation you are entitled to.
How does the process work?
Your attorney will submit the required documentation regarding the accident and resulting injuries. Information regarding credit history, employment status, and other personal data is not required, as the decision on whether you qualify is based solely on your lawsuit. Once you apply, your settlement advance will be decided quickly, usually the same day. If accepted, your advance will be dispersed immediately.
With a settlement cash advance, there are no upfront fees or other out-of-pocket expenses to worry about like many personal injury loans. The process is non-recourse, which means that if your lawsuit is not won and you are not awarded a settlement, you do not repay the advance. If you do win, you repay the advance along with any explained (and noted) nominal interest and fees only when the litigant disperses legal funding on your case.
You are at absolutely no risk, and never have to pay a dime out of your own pocket.
Are you tired of waiting for your money, or desperately need money to meet your financial obligations? At Mayfield Settlement Funding, we specialize in providing injured victims with a service that allows you to access your money when you need it most through lawsuit advance. If you believe cash for settlement in advance is right for you, contact us today. We are available 24 hours a day, 7 days a week, always here when you need us.
Call us at (855) 851-5249 or visit our immediate service page to have one of our friendly specialists assist with an advance against your lawsuit today.
Services rendered by Mayfield Settlement Funding are not to be considered lawsuit loans. The terminology “loan” and “loans” are not correct legal or financial terminology or definitions describing transactions that provide legal cash advances or legal funding. Loans require repayment, which is unlike legal funding which is non-recourse cash advance. Legal funding only requires payment when the plaintiff receives a monetary award or settlement of their case.