Pursuing a personal injury settlement leaves injured victims in a vulnerable position. You may be strapped for cash and struggling to make ends meet while you or your family member recovers. Depending on the extent of your injuries, you could be looking at months of time off work to allow your body to heal or permanent disability may put you out of the workforce indefinitely. For these mounting everyday costs and medical expenses, many plaintiffs turn to cash advance companies such as Legal Capital Corp. We pride ourselves on providing modest pre-settlement funding to injured victims with transparency and flat-fee financing.
If you’re looking into a cash advance for your personal injury settlement, it’s essential you speak with your attorney beforehand for multiple reasons including:
1. Your Attorney May Warn You of Predatory Companies
There are countless lenders and brokers out there offering fast cash advances for personal injury lawsuits, but many don’t have your best interests in mind. You need to be wary of companies who charge high application fees and compounding interest. You’re looking for a cash advance because you need help staying on top of your bills and a loan with double-digit interest rates and an initial application fee (some as high as $400) is not going to help your finances in the long run.
At Legal Capital Corp, we offer free applications and charge a low, flat-fee, so you know exactly how much you’ll pay back even if it takes more than a year to settle your claim.
2. Your Attorney Can Help You Pursue a Cash Advance with a Reputable Company
Your attorney needs to know you’re interested in a cash advance, so he or she can be prepared to provide follow-up information to the company, but more so, your attorney may have worked with a pre-settlement funding company in the past and know which businesses are out to help plaintiffs and which ones are only interested in profit margins. He or she can help you determine the right loan amount to get you through this challenging time without consuming your entire settlement. We provide conservative loan amounts because we understand you need help through this difficult time and partner with attorneys and legal firms.
3. Your Personal Injury Attorney Needs to Look Over Your Cash Advance Contract
A cash advance or pre-settlement loan should not add up to more than 20 percent of your estimated settlement, which is why understanding fees and interest rates are crucial. Before you sign a contract, your attorney needs to look over the details and make sure that it’s the best decision for you, your loved ones, and your finances. Keeping your attorney apprised of your plans for a cash advance will benefit you both in the end.
How Cash Advances on Personal Injury Settlements Work
Legal Capital Corp is a unique company with an easy application and fast approval process. We have nearly 20 years of experience offering modest pre-settlement loans to plaintiffs during one of the most difficult times of their lives. You simply apply using our online application, then we contact your attorney for necessary paperwork and information, make a decision, and approve or deny immediately. Once you’ve been approved, you will have your cash advance within 24-48 hours, which is another reason to speak with your attorney about pre-settlement funding. If your attorney knows that we will need to contact them, the process will go faster. Additionally, if your case is lost, you don’t pay back the cash advance.
If you need a cash advance on your personal injury settlement, you or your attorney can contact Legal Capital Corp in Chicago today at (312) 204-7939 or fill out our online application. We provide transparent and honest pre-settlement loans to clients in Chicago, Illinois, and nationwide.