Are Lawsuit Settlement Cash Advances Really a Loan?
A lawsuit advance is not a loan. Many people confuse pre settlement funding with loans. Pre settlement funding appears to be similar to an unsecured loan. In reality, pre settlement funding is very different than a traditional loan. The biggest difference is that a “normal” loan always needs to be payed back and usually requires a monthly payment.
If you were to apply for an injury cash advance or settlement loan, YOU DO NOT NEED TO MAKE MONTHLY PAYMENTS and YOU ONLY PAY US BACK IF YOU WIN YOUR CASE!!!
If you lose your case you owe Empire Settlement Funding NOTHING. In the past, injury plaintiffs may not have been aware of such pre settlement funding options, therefore they would use their credit cards and max them out while waiting on getting a settlement.
With a lawsuit or injury cash advance on a pending settlement from Empire Settlement Funding, a person who is struggling financially during the settlement process can apply for a settlement cash advance and if approved, get cash they need now. This can also help you with getting a larger settlement so your lawyer can have more time to get you a bigger award.
Cash Advances on Lawsuit Settlements: Do You Need Good Credit?
With a a cash advance on a pending settlement, the underwriting is determined by the merits of your injury case – NOT YOUR CREDIT.
You do not need any type of credit in order to get a cash advance on a pending settlement.