Anyone anytime can find himself or herself embroiled in a legal battle over an accident that has resulted in an unfair outcome for the subject individual. A settlement loan can solve your legal problem if you take the time to read the following pieces of information about what it has to offer you and how you can benefit from its offerings.
The accident or situation may range from a car accident, a breach of the terms of a mutually agreed contract, brutality by the Police, dog bite, unfair labor compensation, personal injury, negligence by the hospital staff, a slip and fall incident, wrongful imprisonment, so on and so forth.
Are you also one of those people who have been the unfortunate victim of a situation that has resulted in damage to you physically, emotionally or financially?
If so and if you are now actively pursuing your case in a court of law but find yourself short on the funds available in your bank account then read on to know how you can get help.
- Step # 1
A settlement loan basically gives you access to funds that you can put to good use by covering your legal expenses as well as other, day to day expenses that you need to if your income has been reduced by the difficulty that befell you.
You are obliged to return these funds when you reach a settlement for your case and hence the term settlement for this loan.
The first step to acquiring such a loan is to fill out a company form that seeks the requisite information from you regarding your case so that the company that is offering the loan can have a proper insight into how strong your case is, what the chances are of you winning your legal battle that is.
A representative of the company will also call you once you have filled and submitted the form and you may be asked additional questions that may not have been asked in the form initially.
- Step # 2
The next step is that the case is thoroughly evaluated by a lawyer to ascertain the merits and chances of success in court.
This evaluation is done totally free, without any amount being billed to you as service charge for the evaluation process.
The result of the evaluation process is then sent to the company by the lawyer and based on that evaluation, the company would decide how much amount it would be willing to offer to the client as a settlement loan.
The amount therefore naturally varies on a case to case basis, since there is a relationship of direct proportionality between the chances of success of a case and the amount of settlement loan offered.
- Step # 3
The final step is that the necessary documentation is completed by chalking out a formal, written contract that has to be agreed upon and signed by both the client as well as a representative from the company concerned.
Once the legal formalities are over, the client is then handed down the agreed amount as a settlement loan which he has to return with service charges if he wins his case in court.