Posted by admin on May 30, 2010 in
Loans It’s an everyday occurrence, a person or person(s) are injured due to a slip and fall accident. A slip and fall accident can cause greatly bodily harm to a person, this is especially true with older individuals. Sometimes, these slip and fall accidents occur on other peoples or businesses property, and are the result of negligence of that person or business.
It’s all too common to find that person who didn’t salt their stairs after the last snow fall, or that business with wet floors and no caution signs. These types of accidents are due to the negligence of the owner of the property and compensation is required by civil law. However, compensation is usually required to be obtained in a civil lawsuit and can take months if not years to settle. During this period the plaintiff might not be able to work due to injuries from their accident. How does someone in this situation get money to keep their financial life straight? The answer is a lawsuit pre-settlement loan!
A lawsuit pre settlement loan is an option for “every single plaintiff” in a pending lawsuit; and this includes slip and fall injuries. Settlement loans are very simple to understand, it’s when a lawsuit loan provider or investor will loan you a specific amount of money with your pending lawsuit as merit. They receive back their loaned amount, plus interest when your case is settled. However, they “only” are required to pay back the amount of the settlement loan if your case reaches a favorable verdict. If you don’t win your lawsuit, you do not pay back one dollar to the settlement loan provider. Read more...
Tags: Fall, Getting, Lawsuit, Lawsuits, Loan, Settlement, Slip
Posted by admin on Mar 9, 2010 in
Loans
Nursing home malpractice is unbelievably widespread form of abuse in the United States of America. It is consider negligence or an intentional act of abuse by a nursing home service provider; which can cause mental, physically or social harm to the resident. Around 1.5 million Americans are currently cared for in some type of nursing home or nursing care facility. Sadly abuse is common in these types of facilities and the results are a nursing home malpractice lawsuit. This can be a financial strain on the family bring forth the suit, including relocation costs of the family member, legal costs, etc. A lawsuit settlement loan is an excellent no-risk method to cover these costs.
A lawsuit settlement loan is a type of lending product, but in theory not actually a loan. It’s really considered a non-recourse debt; which is a secured loan backed by collateral. In this case, your future nursing home malpractice settlement is your collateral. The reason you can consider a settlement loan as a no-risk option is the fact that if you happen to lose your case you do not have to repay the lawsuit settlement loan. If you do win your lawsuit, the settlement loan is repaid in full, plus interest and any underwriting fees. If your family is struggling to meet the financial needs of your pending nursing home malpractice lawsuit and relocation efforts than a settlement loan might be right for you.
The approval process of a settlement loan is different from traditional loans. You aren’t required to provide your credit history, employment history or income status. The settlement loan provider will review your case; if it has merit and is a strong suit against the nursing home facility they will approve you for your settlement loan and you should receive your money with 48-72 of submitting your application. Frivolous suits against nursing home providers will not be funded; these companies do their research and will deny any settlement loan request that appears to be frivolous. Read more...
Tags: Home, Lawsuit, Lawsuits, Loans, Malpractice, Nursing, Settlement