Cash Advance Loan

Lawsuit Advance – Lawsuit Loan – Settlement Advance

Global Financial provides cash advance loans to the victims of personal injury who have pending legal claims. There are many different types of cash advance loans which include but are not limited to: Lawsuit Cash Advances, Lawsuit Loans, Lawsuit Advances, Settlement Advances, settlement loans & Litigation Loans. A Cash advance loan is far different from a loan. This article will describe the clear differences to give the reader a clear understanding of what a cash advance loan is. A cash advance loan, as the term indicates, is when money is advanced from one party to another in anticipation of future cash being received to repay the advance.

Cash Advance Loan Overview

A cash advancement typically has no pre determined time for repayment. A Loan usually has a term or pre determined payback period either by amortization or by lump sum payment on a certain date. A Loan is unconditional and requires re-payment regardless of any other conditions. There is no contingent event that must take place in order for a loan to be repaid. A cash advance loan is re-payable under the condition that some future form of income comes to fruition and if it does not then the cash advance loan is not re-payable.

Cash Advance Loan Benefits

By advancing cash to another party, the advancing party usually receives an assignment of the future proceeds due the party they are advancing funds to. An assignment is not a lien or loan but rather a partial ownership of the other parties potential future proceeds. Because the future cannot be predicted and nothing is a guarantee, the potential future proceeds are not guaranteed to be available. By accepting an assignment of the potential future proceeds as collateral, the advancing party becomes and owner or investor in the third parties potential future proceeds and not a creditor as would be the case if the situation were a loan. Ownership of a future income stream is considered equity and not debt which brings us to a fundamental difference between a cash advance loan and a loan. A cash advance loan should be considered equity and a loan is most certainly debt. Most large banking institutions provide loans to their customers, however it is very unlikely that they would become and equity holder by issuing cash advance loans. On the other hand there are investment companies like Global Financial that will make cash advance loans to customers and take the risk of repayment by receiving an assignment as equity for repayment.

Typically there are no credit checks, no income verifications and no asset evaluations when issuing a cash advance loan. The advancing party takes a real risk which is not related to the credit worthiness of the party which is receiving the cash advancement. When banks make loans they rely on credit checks to determine the “credit risk” of a customer before the issue a loan.

A cash advance loan is often a much better way for a person or business to obtain capital because they are not taking on debt. Obtaining debt means that a business must have the obligation to pay interest payments on a regular basis which may be difficult for a business that does not have the ability to have steady cash flow. A cash advance means that not monthly payments are due and that the advance has no pre-determined time when the principle must be repaid. These are significant advantages to certain types of businesses and/or plaintiffs that are awaiting a pending legal claim settlement.

What is the cost of a Cash Advance Loan?

Since a person is not obligated to present their personal credit, income verifications or assets, a cash advance loan or lawsuit loan is a higher risk investment for the funding company and therefore the fees must be higher. Fortunately there is a company like Global that offers low fees and great customer service. To many seeking capital, it is worth the extra fees to have no personal obligation of re payment along with the freedom not to present their good credit as a reason for being denied or accepted.

How do I get a cash advance loan?

You have found the right spot to get a cash advance loan or lawsuit loan. A cash advance loan can also be referred to as a settlement advance, settlement loan, lawsuit funding, lawsuit financing, litigation funding or simply a cash advance. Global can provide you with the advance you need against your pending legal claim.

Who qualifies for a Cash Advance Lawsuit Loan?

Anyone who has a pending legal claim, including a worker compensation claim, qualifies for a cash advance lawsuit loan. There are certain groups that are members of unions and can obtain special rates from Global. These groups include all union and non union members that are subject to the Federal Employee Liability Act or FELA, Jones Act or Labor Law federal laws. The unions that have members that are subject to these laws include but are not limited to the Brotherhood of Local Engineers or BLE, United Trainman Union or UTU and the International Longshoremen and Warehouse Union or ILWU. For these members we can offer lower rates.

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