4 reasons to apply for a lawsuit loan
While you have a personal injury suit pending, there’s some question of how you will manage things financially until the suit is settled or you receive a judgment in your favor. That’s where help from a lawsuit lender comes into the picture. With the proceeds from your lawsuit settlement loan, it’s possible to protect your credit and have enough to get by. Along with protecting your credit score, here are some other reasons to apply for a settlement loan.
You Need Money For Basic Living Expenses
You’re not able to work right now. That makes taking care of basic living needs like food, clothing, and shelter more problematic. What you need is some source of income that will tide you over until you’re well enough to get back to work.
The money from a personal injury lawsuit loan can be used any way you like. Take the loan proceeds and make sure the mortgage is paid. Use it to buy food and to keep the utilities up to date. Thanks to the funds received from the lawsuit lender, you don’t have to worry about what to eat tonight or if you’ll still have a home at the end of the month. The money from the personal injury loan ensures that you have what you need.
The Medical Bills are Piling Up
Perhaps you have enough resources to take care of your basic living needs. What’s left is the medical bills. Even with excellent health insurance, the bills are beginning to accumulate. the money from a personal injury lawsuit loan will help with those obligations.
The funds from the lawsuit lender make it easier to settle the medical bills as you go. That helps you avoid any interest that’s applied to unpaid balances. In a way, the lawsuit settlement loan saves you money since there’s no opportunity for anyone to apply penalties or interest charges to your medical debts. This one benefit alone makes the settlement loan worth seeking.
You’re Almost Out of Savings
Up to now, you’ve managed to keep your head above water. That’s about to change since your savings are almost depleted. You need another resource to keep going. That resource is a personal injury lawsuit loan.
Use the funds to pay your monthly bills as well as your medical expenses. You can even use the money to help repair your car so you can get back and forth to physical therapy and eventually back to work. The personal injury loan helps you maintain control of your life instead of feeling as if everything is out of your hands. That’s also reason enough to talk with a lawsuit lender.
The Case is Taking Longer Than You Expected
While your legal counsel warned that the case could go on for years, you hoped that the matter would be settled sooner. That hasn’t happened. Rather than wait until your financial situation gets precarious, apply for a lawsuit settlement loan.
Even if you don’t need the money now, it can be placed in an interest-bearing account. When you do need to cover any expense, the money from the settlement loan is already in hand. This proactive approach will save you from a lot of worry and sleepless nights.
Would you like to know more about how a personal injury lawsuit loan works? Talk with a lender today and get some details. Ask about how much you could receive, how quickly the money will be in your bank account, and what happens if you lose the case. You’ll likely find that the answers to these questions will only make you want to apply for the personal injury loan even more.