WHAT ARE THE COMMON MYTHS OF A LAWSUIT ADVANCE?
Myth #1: Lawsuit Settlement Cash Advances are a Loan:
A lawsuit advance is not a loan. Many individuals confuse legal funding with loans. At a quick glance, legal funding appears to be similar to an unsecured loan. In reality, legal funding is very different from traditional loans. The largest difference is that conventional loans always need to be paid back and usually require a monthly payment. If you were to apply for lawsuit settlement cash advances, you do not need to make monthly payments and the loan is only paid back if you settle your case. If you lose the case, you owe nothing. In the past, plaintiffs may not have been aware of such legal funding options, therefore turning to maxing out their high interest rate credit cards just to cover day-to-day living expenses. With lawsuit settlement cash advances from Glofin., a client struggling financially during the litigation process can apply for a loan and if approved, get the cash needed in advance. After receiving the loan, no payments are made until your case settles. So, lawsuit settlement cash advances from Glofin. are not loans. It’s non-recourse debt that doesn’t need to be paid back, unless your lawsuit wins.
Myth #2: Lawsuit settlement cash advances rely on your personal credit score:
With a lawsuit settlement cash advance, the underwriting is determined by the merits of your lawsuit. They do not consider your personal credit score or credit history whereas financial institutions do. You can rest assured if your credit score is not at its best. Apply now to see if Glofin. can help you today!
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.