Cash advances made to plaintiffs in personal injury lawsuits are often referred to as “lawsuit loans,” but they are really not loans at all. Lawsuit loans are actually non-recourse advances. Lawsuit loans are “non-recourse” because they are only repaid when you and your attorney win your case at trial or reach a settlement. Should you lose your lawsuit and fail to reach a settlement, you keep the money from the lawsuit loan and the funding source will accept the loss.

Website URL: http://www.legalfinance-lawsuitfunding.com/lawsuit-loans.html

Category: Ally Directory » Business » Financial Services » Loans

Date Added: October 27, 2012 11:47:51 PM