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A smartly dressed executive promises that you can have your money NOW if you cant wait until your personal injury suit settles. Lawsuit loan companies market mainly to plaintiffs in personal injury suits, like traffic accidents, slip and fall cases and medical malpractice. Some lenders also lend money to heirs waiting for settlement of a deceased persons estate or to plaintiffs in employment or cash advance west warwick ri rights discrimination suits.
For someone facing high medical bills or the loss of income after an accident, the thought of getting money from a lawsuit right away can be enticing. But, is it in your best interest to borrow against a future settlement or judgment.
How Lawsuit Lending Works. Lawsuit funding is a relatively new product offered to plaintiffs who expect to settle or win a judgment in a lawsuit. Here's how it works.
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Participating lenders may verify your social security number, driver license number, national ID, or any other state or federal identifications and review your information against cash advance west warwick ri databases to include but not limited to Equifax, Transunion, and Experian to determine credit worthiness, credit standing andor credit capacity.