Auto Accident Lawsuit Advance in Baltimore

LawLeaf recently received an application from a plaintiff that lives in Baltimore, MD. The plaintiff was involved in an auto accident in Baltimore and was searching for a lawsuit cash advance against their claim. The lawsuit which was filed around 6 months ago was nearing the settlement stage. Over the last 6 months the plaintiff had been receiving physical therapy treatments. The attorney recommended ongoing medical and physical therapy treatments to ensure the client would not settle the case without being fully recovered from the injury. It is important that prior to reaching a settlement with the insurance company you seek the necessary medical & physical therapy treatments because once settled the claimant gives up the right for future compensations for the injury.

Question: If the plaintiff decides to receive a lawsuit cash advance against the case, do they need to be employed and will the lender run credit checks etc?

Unlike a standard bank loan or a payday loan, a lawsuit cash advance is not based upon credit or employment status. A lawsuit cash advance is based upon the strength of the case. If a client decides to apply for lawsuit funding the lender will only be interested in the lawsuit. This means the lender will provide an advance only if they believe the client will receive compensation from the claim. If the lender believes there is clear liability, chances are the plaintiff will receive an advance against the lawsuit.

Question: If you receive a lawsuit cash advance will you have to pay back the advance if you lose the claim?

A lawsuit cash advance against an automobile accident will always be non recourse with LawLeaf. This means if you lose your case, you will not be obligated to pay back the loan.

What are the rates for a lawsuit cash advance against an auto accident in Baltimore?

If a case has already reached settlement the rates are generally better. This is because there is less risk on the part of the lender. If you are applying for pre settlement funding for an auto accident, the rates are generally higher than settled cases however lower than most other personal injury related claims.

If you are searching for a lawsuit settlement advance in Baltimore, apply with LawLeaf today. For additional information on car accident lawsuit funding contact LawLeaf today.

Tags: Baltimore Lawsuit Cash Advance, Baltimore Settlement Loan