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Lawsuit LoansWensley McKenney Lawsuit Loans which are also known as pre settlement cash advances allow a financially strapped plaintiff to access a portion of their future legal settlement to pay today’s necessary living expenses. Personal Injury and worker compensation lawsuits can take years to resolve and large insurance companies have the financial strength to legally delay the process which can financial ruin an injured claimant who is looking for a fair settlement offer. Companies like Global Financial http://www.glofin.com offer cash advances against all types of Personal Injury & Worker Compensation claims. It works like this: Global Financial will review the merits of an applicant’s legal claim and determine the chance & size of a financial recovery. They then offer the claimant a small percentage of the total value of their claim in return for an assignment of a portion of the potential future proceeds in the claim. If there is no financial recovery from the claim then the funding company receives nothing. This makes lawsuit loans very risky and actually a venture capital investment rather than an actual loan as the names suggests. The fees charge by lawsuit loan companies can vary dramatically but it is usually best to stick with the larger companies, like Global Financial http://www.glofin.com because they work on larger volumes and lower pricing. Usually a funding company will charge either a monthly fee or a flat fee depending on the risk associate with the claim. It is my personal opinion that a claimant should ask themselves one question before applying for a cash advance against their pending claim. Will the advance that I receive pay immediate and necessary living expense If the answer is yes then you should accept a cash advance and continue with your legal claim. If the answer is no then it might be wise to hold off and wait before applying for a lawsuit loan or cash advance against your pending claim. In addition, a lawsuit loan may be a very important tool when the defendant’s insurance carrier decides to make a low ball offer for settlement in the claim. You can then use a lawsuit loan as a financial tool to say no to the low ball offer and have the financial strength to wait for a higher and fairer settlement. Lawsuit Loans have been trademarked by Global Financial as "Lawsuit Insurance" because they offer insurance like protection to plaintiffs in the event that their claim is unsuccessful. If a plaintiff takes a cash advance against their pending legal claim and their claim is unsuccessful then they get to keep the money that was advanced to them. Thus the cash advance guarantees that their claim will be financially successful either by way of the cash advance or by way of settlement or judgment.
| | | | RELATED ARTICLES Inexpensive Life Insurance To Protect What You’ve Earned Adequate life insurance to cover your income producing ability is a product that is really needed today to give peace of mind. Life insurance was originally conceived to protect a mans family when his death left them without income. Over time is has developed into a variety of policy plans. In a "whole life" policy, fixed premiums are paid throughout the insureds lifetime; this accumulated amount, augmented by compound interest, is paid to a beneficiary in a lump sum upon the insured’s death; the benefit is paid even if the insured had terminated the policy. Under "universal life," the insured can vary the amount and timing of the premiums; the funds compound to create the death benefit. Identity Theft Shield We live in an information-oriented society. Technology allows us to do business and make transactions literally in a matter of seconds. This abundance of information has given rise to a new crime - identity theft. In fact, according to a 2003 release from the Federal Trade Commission, almost 10 million people in the United States may be victimized by identity bandits each year. Pre-Settlement Funding ATTENTION ATTORNEYS: Your Clients Case Was Worth $500,000 But They Were Forced to Take $200,000 Because They Couldnt Pay Their Own Bills. Anatomy of an International Debt Collection Case Introduction What on earth are Home Equity Loans Home equity loans are one of the most common types of financing for doing improvements on your house. These loans are not necessary used for home improvements but can also be used to simply obtain extra cash. It is essentially a standard loan, based on the equity you have in your house. This is as opposed to mortgage loans which are the loans used to purchase a home. Equity is the value that you have paid on your mortgage loan. Personal Injury Lawyer The history of the Personal Injury Lawyer is littered with interesting facts about the U.S. legal system and contingent fee based practices http://www.glofin.com. While many critics accuse trial lawyers of bringing frivolous lawsuits into the American legal system, nothing is farther from the truth.Personal Injury Lawyers advance their clients services and cash for case costs while funding companies like Global Financial 866-709-1100 advance cash to Plaintiffs against their pending settlements.Personal Injury Lawyers provide a valuable service to the American Justice system by working for a contingent fee which is only payable if there is recovery for their client. If there is no recovery for their client then the Personal Injury Lawyer will receive nothing and therefore these lawyers will only take cases that have merit. There is no advantage to the lawyer accepting a “frivolous lawsuit” because there is a high likelihood of no recovery and therefore no fee to the lawyer. A College Loan Will Finance Your Education! A college loan has given people all over the United States a chance to further their education, even if they are not making a lot of money. Education loans can be a big help in paying for college. Youll find these loans offer a low interest rate and a generous repayment period. Of course, student loans must be repaid, usually with interest, although some education loans have provisions for cancellation if the borrower performs a program-related service.If you are looking for a loan, be aware that there are many different types of loans.Try to find the student loan that fits you the best.For example, there is a loan called the Federal Stafford Loan. The Federal Stafford Loan is the most widely used loan in the student education loan program. Federal guidelines limit the maximum interest rate to no more than 8.25% and outline repayment terms of up to 10 years.Remember that if you ever need help or are falling behind on payments, consider a consolidate student loan. I Comply, You Comply, We Comply ... Are You Sure Failure to follow corporate formalities may expose corporate officers, directors and shareholders to personal liability. Maintaining good records, including corporate minutes, on a timely basis goes a long way toward maintaining the limited liability benefit of a corporation. Changes in the Social Security Laws It is time we educate and update ourselves regarding essential issues of the Social Security Administration.By having enough knowledge of SSA’s vital programs concerning Supplemental Security Income SSI and Disability Insurance DI,we would truly understand the workings --- implementations,qualifications,claiming procedures,etc. It Only Takes a Few Simple Steps To Avoid Student Loan Debt Student loan debt is a problem that affects many former students. It is a long and difficult process to pay off a student loan.Undoubtedly, it is much easier to avoid student loan debt in the first place.There are a few simple steps that can be taken to either escape student loan debt or ensure that the debt won’t be too hard to pay off in the future. Consider student loans only after you have researched all the sources of free financial aid.Many people who are eligible for financial don’t even realize it and instead take out a student loan.If you are not eligible for financial aid and need to take out a student loan, be aware that there are three major types of student loans: Federal Family Education Loans, Federal Direct Loans, and Federal Perkins Loans.Make sure you don’t go over your head in debt by deciding how much you can afford to borrow, and how much you can realistically repay. Should You Hire An Accident Attorney The following article was written for Resources For Attorneys.com by David Hallstrom, a private investigator, he is not now nor has he ever been an attorney. Protecting unmarried couples relationships A power of attorney is a legal document that allows you to dictate who you would like to make decisions on your behalf. While there are many useful purposes for a power of attorney, they are especially important to unmarried couples, which live together, when a partner becomes incapacitated and unable to make decisions. Lawsuit Funding Lawsuit Funding is essential to victims of personal injury who are without sufficient income and are awaiting a legal settlement.All too often a person is injured by the wrongful acts of another but must wait years to receive his or her fair compensation. Our world of Credit Cards!Which One Is Right For You. There are not many of us who do not have a credit card these days. But, not all of us are as wise in the area of understanding how they work and how they make money. There are many types available to the young and old. Student credit cards even begin to get teenagers into the world of credit cards. Secured credit cards, cards that usually cant be written off, are even misleading in their name. So, what does that discover credit card in your wallet actually do for you Getting the Necessary Paperwork Ready A good grasp of the inner workings of disability claim benefits will significantly increase claimant’s chances of having his request approved. Understanding the procedures as well as the criteria used in evaluating your claims is a must if you want to receive the benefit you rightfully deserve. It is next to impossible to win at something when you do not know the rules that apply. Of course it will be a lot in favor of the opposing team if they alone know the regulations in effect. Consider this, if you are not aware of what should be done, you will never know if the rules that should be applied is being followed at all. Remember that the people making decisions that will affect you are only human and prone to make mistakes. The Implications of Income Tax Charge on Estate Planning Overview Political Coverage in West Virginia West Virginia, once a shoo-in Democratic state for many years, became a battleground state in 2004. What You Shouldn’t Believe About SSD The Social Security and Supplemental Security Income disability programs are the largest of several Federal programs that provide assistance to people with disabilities.American citizens have come to be aware that with the Social Security programs for disability benefits and SSI, security is still there for them, even as they are physically restricted, burdened with an illness and unable to work anymore. The Hidden Danger of the So-Called "Right to Die" In October of 2003, the case of 39-year-old Terri Schiavo once again brought into focus the debate over the so-called "right to die." The Florida woman was temporarily removed from her feeding tube via a court order received by husband, but was put back on it a few days later when the Florida legislature authorized Governor Jeb Bush to issue a stay. As of this writing, her fate is still being debated in the courts and her case might now be headed for the U.S. Supreme Court. But I wonder if the right to die is something we really want I always shudder a bit when politicians start talking about giving me more rights. Rights have a funny way of morphing into obligations. |
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