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Understanding Personal Injury Loans

The costs of suffering a personal injury can be high. Between medical bills, lost wages, and the emotional damage of being injured in an accident, it can all feel overwhelming. 

Filing a personal injury can help you recover damages, but what can you do when you need fast access to cash? Read on to understand more about lawsuit loans, and to find if you might be a candidate. 

How Personal Injury Loans Work

Lawsuits can take a long time to be finalized. That’s why applying for a personal injury loan can be an attractive option for folks with active, pending personal injury litigation. So how do these loans work?

  • A Lawsuit Loan Is like an Advance on Your Settlement Funds – Working with your lawyer and a personal injury loan lender, you can receive a cash advance based on the expected value of your settlement, which can be used for anything you see fit. 
  • Your Credit History Isn’t a Factor – Unlike a traditional loan, a lawsuit lender will only consider the strength of your case when determining whether a personal injury loan is right for you. 
  • If You Lose, You Owe Nothing – Another distinguishing factor from a traditional loan, the only collateral in a lawsuit loan is the expected value of your case—which means the lender takes on the risk, not you. 

The best part? Once approved, you could gain access to your new funds in a matter of hours—a sharp contrast from the months or years it can take for a personal injury settlement to be paid out. 

Contact a Personal Injury Loan Company Today

With a personal injury loan from Money First Lending, you can take back control over your financial situation. Why not find out if a personal injury loan is right for you? Call 702-623-3333 or fill out the form below to get started now.