Pre-Structured Settlement Loans For Auto Accident Victims

If you were involved in an auto accident and injured you may be considering or be in the middle of a lawsuit; against the person, a company or insurance provider. These types of lawsuits can take many months if not years to complete. Unless the victim choose a settlement, which usually is much lower than what is deserved. Regardless if you ride the case till the end or accept a settlement you'll most likely be stuck with a structured settlement. A structured settlement is basically an alternative to a large one sum payment. A pre determined amount of money is awarded to the victim and to be paid out at specific amounts over so many months or every year. This can help protect the company or person making those payments from financial ruins. However, it can add a financial burden to the victim since they cannot access all of the money at once. Resulting in negative reports on your credit history; lose of house or auto and even bankruptcy. There are a few solutions the victim can opt for; one would be what's called a settlement loan or pre-settlement loan. This is where the victim would actually apply for a settlement loan with a settlement loan provider in the middle of the lawsuit. They can receive money ahead of the verdict and use the cash as needed. This can be much more useful than a traditional loan since if your case is lost you don't need to pay back the advance that was given. Another solution would be to sell your structured settlement. This is where a company or investor would buy out your payments for one large payment. You wouldn't receive the full amount of your structured settlement, you'll get around 75% to 80% at best. This is a good solution if you need money now to pay off bills. However, you can only sell your structured settlement after an agreement has been made in court. If you still have a pending lawsuit you'll have to opt for a settlement loan. So, if you're an auto accident victim and need cash now you just need to weight your options. You'll be able to do one of two things; if you're in the middle of a pending lawsuit you can apply for a pre-settlement loan. If you have a structured settlement you can opt to sell it to a 3rd party provider for a large one sum payment. Whatever you choose discuss your options with a financial advisor prior to accepting any agreements. Legal Settlement Loans is the premier settlement loan educational resource. We provide all the needed information to someone looking to get a settlement loan during their pending lawsuit. Visit us today to educate yourself further on settlement loans and how to find the proper settlement loan provider. Article Source: http://EzineArticles.com/?expert=Stephen_Sandecki

Pre-Structured Settlement Loans For Medical Malpractice

Medical Malpractice lawsuits are one of the most common lawsuit types in the United States of America. They also tend to be one of the longest lawsuits when it comes to trials. This is the main reason why most medical malpractice suits end up in a settlement agreement; which in turn results in a structured settlement. Many people don't realize they have an option in a medical malpractice suit to obtain funds. If you're currently in the middle of a pending medical malpractice lawsuit you can obtain a settlement loan instead of reaching an early settlement agreement; alternately if you've accepted a structured settlement plan you can receive a large sum payment. A settlement loan is an excellent choice if your medical malpractice lawsuit is still pending. It allows you to receive a cash advance based on the merit and probability of winning your current suit. It allows you not only to pay any pending medical bills, it allows you to let your case's trial go on till the end and not settlement for a lower amount that is rightfully due to you. In case you lose your lawsuit you don't have to worry. You are not required to pay back the settlement loan if the case is lost! This makes a settlement loan a priority over a traditional loan in this case. A structured settlement buyout is an excellent choice if you've settled your malpractice lawsuit or the trial has ended in a verdict of your choice. A structured settlement buyout is basically a company or investor giving you a large one sum payment in return for your structured settlement payments. This is usually around 60% to 70% of the actual structured settlement amount. This is a great choice for anyone who needs cash now to take care of financial issues or to perhaps buy a new home. Either way, a settlement loan or a structured settlement buyout is an excellent way for someone to get access to the financial funds they need for any given situation. They are better alternatives than traditional loans since you'll be stuck making monthly payments with interest on top of them. Consult with a financial advisor prior to accepting any agreements, whether it be a settlement loan or a structured settlement buyout. Legal Settlement Loans is the premier settlement loan educational resource. We provide all the needed information to someone looking to get a settlement loan during their pending lawsuit. Visit us today to educate yourself further on settlement loans and how to find the proper settlement loan provider. Article Source: http://EzineArticles.com/?expert=Stephen_Sandecki