HOW DO I FUND MY PERSONAL INJURY CASE?
Personal Injury Lawsuit
A personal injury lawsuit seeks to provide financial stability to those who have been injured in an accident caused by another party. Some of the more common types of personal injury lawsuit cases have to do with traffic accidents, accidents in the workplace, product defect related accidents, medical/dental accidents and holiday accidents. If you have suffered one of these sorts of accidents and are planning to file a lawsuit, there are several important things to take into consideration beforehand. Most important, is that your ability to continue your life is not harmed while you take the right steps to file a lawsuit. Here at Glofin., we provide plaintiff pre settlement funding to you, which is money you can use to run your life while the trial is going on, be it for medical expenses, groceries or utility bills. There are no up front fees, no credit checks and you keep the money if you lose your trial. Without further ado, here are the top things you need to know before starting a lawsuit:
If you have enough credit available, you can charge expenses to your credit cards. Unless you and your attorney feel strongly that your case will win, it’s not necessarily wise to put legal expenses on a credit card, but sometimes there are no other options.
If you feel you have friends or family in a sound financial situation, you may ask them to borrow money in order to get cash for lawsuit expenses. This is a tough option because although it may help you in your immediate situation, if you lose the case and do not receive your settlement, you still owe the person you borrowed money from.
If you have equity in your house, you may be able to pull money out of the mortgage, but this is even more risky than putting the expenses on your credit card. Imagine if you lose your lawsuit and now you owe even more money against your house. Not only is your mortgage loan increased, but you’ve lost the equity in your house. With debt accrued on your credit card, at least it was unsecured.
Lawsuit Loan/Cash Advance
The final option for finding cash for lawsuit expenses is a cash advance (also known as a lawsuit loan). This option is the most typical way to either finance your lawsuit or get you the money you need to pay living expenses, while your lawsuit is in progress. A cash advance (or lawsuit loan) is a non-recourse loan, which means that if you lose your lawsuit, you owe nothing A cash advance from Glofin is one of the safest ways to fund your lawsuit. Although the interest rates Glofin charge are among the most competitive in the industry, a lawsuit loan will have a higher interest rate than the financing you could get from a credit card or mortgage.
Here’s the difference with lawsuit loan funding:
- Lawsuit loans are completely unsecured
- Lawsuit loans are completely non-recourse (if you lose, you owe nothing!)
- Lawsuit loans do not report to the credit bureaus.
Get the cash you need NOW against your pending lawsuit
- Living Expenses
- Medical Expenses
- Paying Bills
- Replacement Vehicle
- Other Needs