ARE THERE RISKS WITH A LAWSUIT ADVANCE?
Risks exist with a lawsuit advance, just as there is risk with any financing option for both the lender and the borrower. When you get a mortgage, the mortgage company risks that the mortgage may default. Although the mortgage is secured by the property, foreclosing on a home and having to re-sell the property in order to recoup the original investment, is rarely profitable. On the other hand, if you’re the homebuyer, the mortgage is a risk if that person cannot make the monthly mortgage payments. If you’re a plaintiff considering a lawsuit advance, rest assured that providers like Glofin. carry all the risk.
Let Glofin Assume the risk
Glofin takes off the stress by advancing cash against your settlement without credit checks or personal risk. If your case goes to court and is lost, or if the lawsuit is abandoned by the plaintiff, the plaintiff gets to keep any lawsuit loans received from the funding company and they owe nothing. Although the interest rates Glofin. charge are among the most competitive in the industry, the fees must cover not only the cost of the advance, but also take into account the fact that a certain percentage of cases are either abandoned or lost. Another aspect of risk that a funding company like Glofin. takes, is the risk that some plaintiffs misrepresent themselves or their cases. One of the ways we can reduce such risk is to work directly with the attorneys who in turn help us to determine the strength of each individual case. When the plaintiff applies for a lawsuit advance, Glofin. will contact the plaintiff’s attorney directly to request supporting documentation.
Upon Conclusion of your case
If the outcome of your case is positive and you have won either through the trial or an “out of court” settlement, then Glofin will receive repayment for the lawsuit advance made against the case. All the risk is with the funding company, Glofin. with no risk to the plaintiff should the lawsuit be unsuccessful. Remember, even if your case is lost or abandoned, you owe nothing.
Get the cash you need NOW against your pending lawsuit
- Living Expenses
- Medical Expenses
- Paying Bills
- Replacement Vehicle
- Other Needs
The information contained in this article is not, nor is it intended to be, legal advice as Glofin is not a law firm. You should always consult an attorney for advice regarding your individual situation.