Are you quickly running out of money to pay the bills that keep pouring in, irrespective of your inability to pay?
Is a lawsuit loan a possible solution? If it is, how do you know whether it will be approved for funding?
You’ve asked the right question. Here are 5 steps for you to follow to make sure that you get your lawsuit loan accepted:
1. You must have an attorney. You will find that most, if not all, lenders will refuse to work with you if you do not have an attorney, and you will be unable to obtain the funds sought. The attorney is necessary to assist the lender in finding out, as effortlessly as possible, the merits and value of your case.
1. Get an attorney. Simply put, without an attorney, you will be unable to obtain the funds requested. Why? The lender must rely on the services of an attorney to gather much-needed information to assess both the merits and value of your case.
a. Who is at fault?
b. Information regarding the insurance carrier on-the-risk for paying the claim.
c. Filing of motions against the party who caused the injury.
c. Motions that must be filed against the responsible party.
e. Is relevant information only available via depositions?
f. Are witness statements necessary?
g. Your attorney will provide all of the foregoing information, and more.
g. Much, much more.
Failure to follow up to ensure that the correct attorney’s name is provided often leaves the plaintiff wondering why the claim was denied.
3. Your lawsuit loan may be denied simply because you failed to provide correct attorney-contact information to the lender. The lender must have correct contact information, to include telephone number, fax number, etc., for your attorney.
Your request for funding will likely be denied if you fail to follow up and provide correct informaiton.
Don’t allow these easily correctable errors serve as the baisis for a denial of the lawsuit loan requested.
4. Be careful not to sign paperwork intended to force you to waive your rights to pursue a claim against the one who caused your damages.
You will often find the payer, often an insurance carrier, attempting to rush you into signing a waiver intended to keep you from pursuing any action against the party who injured you.
Payers, typically insurance carriers, frequently attempt to obtain waivers from injured claimants as quickly as possible if the insurance carrier suspects that a claim will be filed against its insured.
Once you sign a waiver, you very likely will no longer possess the ability to file further claims. Great for the insurance carrier, but it may be disastrous for you! Don’t do it!
Do not sign any waivers prior to discussing this with your attorney!
Once you have retained an attorney, insurance carriers are customarily prohibited from contacting you without your attorney’s permission.
Insurance carriers are customarily prohibited from contacting you once you are represented (i.e., retained an attorney). However, in most cases they may discuss the case with you if you “open the door” to such communication.
Your attorney is charging you a fee for representing you. Make your attorney earn that fee!
Legal Settlement Loans is the premier settlement loanseducational resource. If you’re looking for a lawsuit loan, please visit us today!
