PERSONAL INJURY SETTLEMENT LOAN
A personal injury settlement loan can be used for any expenses while a case is being tried
Those individuals who are injured by the negligence of another person or company aren't always aware that it's possible to get a personal injury settlement loan to cover their expenses while they fight their case. The justice system in this country is notoriously slow, but in these types of cases things can drag on much longer than your average person would expect. The reason is because corporations and insurance companies can try to drag a case on for as long as possible in the hopes that the matter is eventually dropped or that someone feeling financial pressure may accept a much lower settlement. After all, the big companies and their insurers have endless funds and high priced lawyers to try to drag things out to their advantage.
It's the goal of AM Legal Funding to help even out this imbalance by helping individuals with a personal injury settlement loan. The amount of the personal injury settlement loan works out to a percentage of the expected award from the lawsuit. Having immediate access to this money can be the difference between a person getting the settlement they deserve and a much smaller one that is grudgingly accepted out of desperation. Personal injury settlement loans are relatively new products, but they are despised by insurance companies that now have to be fair in negotiations rather than relying on desperate individuals to take anything they offer. As everyone is aware, fewer families than ever have good health insurance. This means that many negligence victims have medical bills that are accruing rapidly. Personal injury settlement loans can be used to take care of these expenses.
The personal injury settlement loan is risk free. If the case loses, the plaintiff owes nothing and only does repay it once their case has been resolved successfully
More and more families in this country see both spouses working, but there are still a large number of them where only one person is working. If that sole breadwinner is injured and has to miss work, there may not be any money coming into the household at all. Personal injury settlement advances can be used to pay rent, pay for food, and pay for whatever other expenses arise. AM Legal Funding does all of the work on these cases. The company works closely with the client and their attorney to make the most competitive offer of a personal injury settlement loan. A lot of people presume this is like a traditional loan, but it isn't. The offer isn't based on income level, credit history, or any other similar factors. Everything is based upon the facts of the case. Furthermore, should the case lose for any reason, the amount of the personal injury settlement loan does not need to be repaid.
AM Legal Funding takes on all of the risk and doesn't add to the debt of a negligence victim if the case should turn sour. This puts a lot of people's minds at ease. With debts accumulating, a lot of people are concerned that this would just be another potential liability for them. But it isn't, our experts assess the case and make an injury settlement advance when we feel that the case has a good chance of victory or a settlement. When an award is received or a settlement is reached, the loan is paid back along with a small interest fee. The important thing is that the injured party has extra financial flexibility to be able to see the case all the way through. In the current economic climate, this extra time can be the difference between having to take a substandard settlement and being able to get everything they are entitled to. Sadly, in a position where the breadwinner isn't working, too many people have to take the first offer that they are given. AM Legal Funding is trying to change that dilemma.
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