Is it legal to provide cash advances for claims or lawsuits?
Absolutely. This industry has been around for approximately 10 years. It began after it became common knowledge that many participants in personal injury suits were having financial troubles while waiting for their cases to settle.
Will I have to sign any documents?
Yes. We will provide you with an agreement that clearly explains our arrangement, including the amount we are advancing you, the fee you will pay and the repayment process.
Will my attorney be required to sign any documents?
Yes. Your attorney must be part of this process and he or she will need to sign our agreement.
Do I have to make monthly payments?
No. The whole idea behind getting an advance is to free you from financial woes during the time it takes to settle your case. Once your case has settled, your attorney will repay your advance plus our fee.
Are there any up-front fees?
No. There is no cost at all to you to apply for an advance. Our fee only comes into play once you have been accepted as a client and you case settles.
What’s difference between an advance and a loan?
A loan must be repaid, while an advance is contingent on the outcome of your case. So if you don’t settle, you don’t owe us anything.