What If I Need a Second Lawsuit Loan?
Often, an accident leading to personal injury can impact not only your physical well-being, but also your financial stability. Many Las Vegas personal injury victims who would otherwise be forced into waiting months or years for their settlement money can find relief through a pre settlement personal injury loan.
Sometimes, however, a first loan is insufficient to cover ongoing expenses. If you’re wondering what happens if you need a second lawsuit loan, there are a couple things to keep in mind.
Getting a Las Vegas Pre-Settlement Personal Injury Loan
Being injured in an accident is a big deal. Beyond the fact that you are likely suffering the physical aspects of your injuries, your finances could be suffering too. It’s unlikely that a landlord, medical debt collections agency, or utility company will have sympathy for you while you’re out of work.
If you’re worried about any of the above, a pre settlement personal injury loan can help you get your life back. By giving you a cash advance from your eventual settlement, a qualified Las Vegas lender can help you take control of your finances in the short-term, and set you up for success in the long-term.
Your credit history or bank account have no bearing on your eligibility for a pre settlement loan. Instead, a lender can examine the facts of your case in order to determine whether you qualify. The best part? You, the victim, pay nothing until your case reaches a favorable conclusion. Even if you lose your case, you are not required to return anything.
Am I Eligible for a Second Loan?
For some Las Vegas personal injury victims, one pre settlement loan simply isn’t enough to get their finances under control. The combination of medical bills, car payments, food, utilities, and rent can all cause these individuals serious stress.
Fortunately, if such a need arises, Nevada allows for the possibility of receiving a second—or even third—pre settlement loan.
The catch is that the state statutes prohibit collecting more than $500,000 dollars in pre-litigation relief. This essentially means that if a first loan awarded you an advance of $100,000, it’s possible that you could receive a second of up to $400,000.
If this sounds complicated, that’s because it is. Working with your Las Vegas personal injury lawyer and a qualified pre settlement lender can help you to make sense of your finances, and your chances of getting a second loan.
Receiving a Las Vegas Pre-Settlement Lawsuit Loan
If you’ve been injured and need an advance on your personal injury settlement, you are not alone. Money First Lending can help you access the funds you need so you can take care of the important things: yourself and your family.
Why not inquire about a pre settlement lawsuit loan today? Call 702-623-3333 to ask about a no-hassle consultation.