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Posts Tagged ‘lawsuit loan’
Wednesday, January 25th, 2012
According to the Advocates for Highway and Auto Safety, over 5,000 people each year are killed and almost 150,000 are injured by truck crashes. Truck drivers are a road hazard not only because of their vehicles’ size but also for their sleeping habits, and many accidents happen every year as a result of this. The victims of these crashes must deal with medical bills, lost wages, on top of their usual expenses and if they decide to pursue a lawsuit, legal bills as well. In order to see the money from the lawsuit helping them during this time, plaintiffs can seek a lawsuit loan to get cash from their lawsuit quickly.
Along with dangerous sleep deprivations, another frightening problem with truck drivers include cases of sleep apnea. According to the The Federal Motor Carrier Safety Administration, approximately one-third of commercial drivers suffer under this condition. Sufferers of sleep apnea end up groggy during the day even if they get the recommended amount of sleep, so this creates a dangerous situation for truck drivers and the people they share the road with. Unfortunately, when these accidents result in injury or death, victims often experience physical and mental pain and loss of earning capacity along with the expenses of medical treatment and lost wages.
If these effects are the result of negligence, the victims may have the option to sue and receive damages to recover these losses. But even then—victims have to endure these struggles until the lawsuit concludes. This means legal bills on top of everything. Lawsuit loans provide an option for defendants to get cash from their lawsuit, meaning that life can get back to normal sooner rather than later.
If a company knowingly hires a sleep apnea affected driver and that driver operates a vehicle without effectively treating his apnea first, they are putting people in danger. In the case of an employee driving negligently, the company is liable. This means the plaintiff must go up against a company with more resources and time to fight their case in court. Considering that the plaintiff has bills adding up, and debtors don’t typically patiently wait for long court cases to conclude, this often convinces the plaintiff to settle for a smaller amount than if they were to take the case further. Lawsuit loans allow plaintiffs to take control of their finances while they fight for a fair settlement.
About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit www.smpadvance.com.
 Tags: lawsuit funding, lawsuit loan, lawsuit loan company
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Thursday, January 19th, 2012
The typical reasons for taking out a personal loan include automobile financing, home improvement, and other everyday financial situations. But what about the plaintiff? A person who finds themselves strained financially during a lawsuit falls under a very unique category, and personal loans may not be the the right solution. Lawsuit loans, however, are tailored to the needs of a plaintiff. A few problems that plaintiffs have with personal loans include:
1. A plaintiff can be turned down because of unemployment or a bad financial history. This results in a catch-22 for plaintiffs. They need money because due to a personal injury, wrongful termination, debt accumulated during the lawsuit, or another reason related to their case, and yet they don’t qualify for a personal loan for these same reasons. Banks don’t take the lawsuit into account when reviewing an applicant for a personal loan but looks at employment and financial statistics instead. A lawsuit loan company specializes in examining the lawsuit as collateral when reviewing an applicant.
2. You could lose collateral. They usually require something as used as collateral—an expensive item like a car or home—and if you lose the lawsuit and can’t repay the money, your collateral could get taken instead. Not only could the plaintiff lose the lawsuit, but their home or car as well.
3. Securing a personal loan can take time and effort. As previously stated, banks don’t specialize in these kinds of circumstances. Banks have the luxury of waiting to approve an applicant. The problem is, a plaintiff doesn’t have that luxury. Medical bills, mortgages, and other expenses can’t wait around forever. Sometimes, plaintiffs even settle for a lower amount of money because they have urgent expenses and can’t afford to fight for a larger settlement. SMP Advance Funding only takes 24-48 hours to review your case. Then, the money can be wired to you or through a check sent by mail. Applying for a lawsuit loan online is fast and easy.
4. Plaintiffs typically have legal fees that may make banks uneasy. When banks review an applicant for a personal loan, their financial history is considered. The enormous legal fees involved in a lawsuit can make a plaintiff look like a risky personal loan candidate. This is expected from applicants of lawsuit loans, however, lawsuit loan companies consider your case based on the strength of the lawsuit alone.
5. Banks aren’t as familiar with the legal process and may require loan repayment before the case is settled. The terms of a personal loan don’t usually take into account the time frame of the lawsuit, especially considering settlements usually drag on into unknown time frame. Lawsuit loan companies expect repayment upon resolution of your claim.
About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit www.smpadvance.com.
Tags: lawsuit funding, lawsuit loan, lawsuit loan company
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Thursday, December 22nd, 2011
The holidays should be a time spent relaxing with the company of loved ones, but given the driving environment, this time of year can become tragic in an instant. If you or a loved one has been involved in an accident due to another party’s negligence and are in the middle of a pending claim or personal injury lawsuit, a lawsuit loan can be your answer to tough financial strains through the holiday season.
The weather can make for dangerous driving conditions. The icy rain, fog, snow, sleet, and storms can limit visibility and make icy roads even tougher to navigate. Especially since the holiday season brings visitors to climates they are not used to driving in, the holiday weather means more accidents and injuries.
Stress can also contribute to unsafe driving conditions. With holiday celebrations and expensive gift giving, this time of year brings stress to even the most calm. People find themselves pressed for time and distracted while driving, so they are not putting their attention towards being a safe driver. Many stressed drivers are also sleep deprived, which is a known cause for unsafe driving. Busier drivers means more cell phone use while driving, which means even less attention on the road. This is a clear case of negligence that could qualify for a personal injury lawsuit, and a lawsuit loan should be obtained to help cover medical costs.
Alcohol is dangerous for driving any time of the year, but added with stress, weather, and crowds, there is a higher rate of accidents. This is a time of year for celebration, which means more alcohol use, especially with late night driving. The National Center for Statistics and Analysis states that on average, 45% of all fatalities during the Christmas and New Year holiday periods have occurred where at least one of the involved drivers was impaired. This is compared to 30% on any other December day. Drivers should be careful during these holiday periods so that they don’t risk injury, or worse, in a time of year that should be spent enjoyed.
If you are a victim of a negligent driver, the holidays can be a tough time for plaintiffs, as well. The accident may have left you out of work and there are holiday related expenses as well as the usual mortgage, car, medical, and family expenses. A lawsuit loan can get the money immediately so that these expenses can be taken care of. This can ease the financial burden and make the holidays more enjoyable.
About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit www.smpadvance.com.
Tags: lawsuit loan, lawsuit loan company, personal injury claims
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Thursday, December 15th, 2011
Lawsuit loans are often sought by the plaintiff of an ongoing lawsuit. When answering the question as to who exactly should consider a lawsuit loan, the answer is simply any plaintiff. However, there are certain situations in which this specific type of loan has an extra appeal.
Personal injury lawsuit plaintiffs sometimes cannot work because of their injury, and often insurance, if it is even available, is not enough to make ends meet. These plaintiffs have medical bills on top of the usual expenses stacking up, and getting their lawsuit funding sooner rather than later can make paying them easier.
Unemployed plaintiffs have similar reasons to consider a lawsuit loan. Wrongful termination plaintiffs find themselves in the midst of a legal battle and if they haven’t found new employment, the battle is fought without a regular paycheck. The economy is effecting everyone, and even if the unemployment is unrelated to the lawsuit, the legal bills, utilities, car payments, mortgage, and other payments are sure to stack up. In this economic climate, finances get even tighter. Getting a lawsuit loan can provide an answer to these problems.
Plaintiffs who are weary of traditional personal loans can also view lawsuit loans as a realistic alternative. Lawsuit loans are built on the strength of your case, not your financial history. With a personal loan, credit history, employment status, and other financial factors come into play, and based on these, you can be denied. Banks do not take into account the circumstances of the lawsuit. If you are concerned about the time and eligibility necessary for a personal loan, consider a lawsuit loan instead.
Plaintiffs with a family or other financial responsibilities that need to be settled as soon as possible can pay these expenses fast with a lawsuit loan. If a child needs medical attention or if you can’t possibly miss any more payments on your house or car, you don’t have the luxury of waiting until the lawsuit has been settled.
Plaintiffs in a case that drags on find themselves in a court battle that seems endless, not to mention the legal fees that long cases tend to allocate. In a case that is delayed, the plaintiff is left constantly thinking about what their life will be like once the lawsuit is over and they have their settlement, but with a lawsuit loan, you will no longer be left wondering. You can get on with your life, financially speaking, even if you are stuck legally. A lawsuit loan will allow you to hold out for the settlement you deserve.
About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit www.smpadvance.com.
Tags: lawsuit loan, lawsuit loan company, who should consider a lawsuit loan
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Friday, December 9th, 2011
Simply knowing that a lawsuit loan is right for you may not be enough; a plaintiff also must know the right time to acquire the assistance of a lawsuit loan company. For many plaintiffs, the temptation of attaining a lawsuit loan immediately upon finding an attorney who will take up the cause of their case might prove too great. It’s easy to see how the temptation of buying a new house or car, taking a much-needed vacation, or treating yourself over the holidays can be an alluring possibility. But plaintiffs should know, and lawsuit loan companies should inform their applicants, that spending their lawsuit cash advance on unnecessary expenses is not in their best interest. How a plaintiff spends their money is indicative of their need, since a lawsuit loan should be utilized in serious financial straits.
If you are a plaintiff wondering whether your own financial situation applies, ask yourselves the following:
1. Has your mounting debt threatened you and your family with eviction or your house with foreclosure? If so, then a lawsuit loan can and should be used to keep you in house and home. With a fast-approval process, a lawsuit loan can allow you to access money immediately to save your house. The lawsuit loan amount will simply be an advance taken out of the projected outcome of your settlement, so both saving your house and continuing your lawsuit are sound investments in your future.
2. Do you have medical expenses that cannot be ignored? Often, an injured plaintiff’s entire lifestyle will be upended after their injury. Hospital bills, in-home care, and physical therapy can cripple a plaintiff’s chances of pursuing their lawsuit to an equitable finish simply because they can no longer put off paying medical expenses. A lawsuit loan can’t change the fact that your life has changed forever because of your injury, but it can get you back on track financially and mentally prepared to fight for a settlement that adequately compensates you for your injuries.
3. Lastly, do you simply feel out of options? Ultimately, your lawsuit lending provider has no real control over how you spend your lawsuit cash advance. But the best candidates for a lawsuit loan are the plaintiffs who have seen their finances dwindle as they pursued their case for weeks, then months, and maybe even years. It is these plaintiffs who need a lawsuit loan when they feel at the end of their rope, who could simply use a little extra time to achieve the best settlement on their case possible.
Fast, simple and ready at the moment you need them most, lawsuit loans are financially responsible solutions to burdensome debt during a lawsuit.
About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit www.smpadvance.com.
Tags: lawsuit loan, lawsuit loan company, when to apply for a lawsuit loan
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Tuesday, November 22nd, 2011
As family members and friends pack up their things to make the annual trek out of town this Thanksgiving holiday, AAA and traffic authorities strongly urge drivers to take care and be cautious on the road. Thanksgiving is a notoriously a busy time to travel, and roads have only become more congested over recent years. Even though everyone is anxious to get to their friends and family, it is a matter of public safety to practice careful, defensive driving. The consequences of not doing such are fatal.
The fact that AAA predicts that 42.5 million Americans will be traveling over the Thanksgiving weekend in conjunction with the statistics that show that auto accidents have increased by 25 percent over the past few Thanksgivings, combine to reveal a dangerous situation for drivers traveling long distances in areas that might be unfamiliar to them. Fatalities on the road during this time are caused by a virtual cornucopia of factors that come into play on the road, including distracted driving, unfamiliarity, and alcohol use.
The National Highway Transportation Safety Administration (NHTSA), found in 2009, when statistics were last available, that nearly 5,500 fatalities and 448,000 injuries on roadways involve distracted driving. With the advent of cell phones and GPS devices, drivers are constantly struggling to give an adequate amount of attention to the road. Take that in combination with the collision of native drivers and those from out-of-state, and you have a potent cocktail for an accident. For victims of negligent, distracted driving over the holiday weekend, the expense of medical treatment for their injuries and a potential lengthy lawsuit can come at one of the worst times of year. With most families already feeling the crunch of economic pressures, the loss of wages or employment altogether can be a devastating blow to their finances.
Plaintiffs seeking a fair settlement and looking for a way to bide their time while unburdening their financial woes, should consider a lawsuit loan. A lawsuit loan, or a pre-settlement loan, is a cash advance borrowed against the predicted outcome of the settlement. The most immediate benefit of a lawsuit loan will be the options that it gives a plaintiff –the option to negotiate for the best settlement possible. Repayment of the loan will only take effect after the case has been resolved and all interest rates are determined on a case-by-case basis that will be thoroughly explained to each plaintiff. With a lawsuit loan, plaintiffs can pay off their most pressing expenses, including medical bills, mortgages, and any other outstanding payments. In short, lawsuit loans give plaintiffs a reason to be thankful this holiday.
About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit www.smpadvance.com.
Tags: lawsuit loan, Thanksgiving safety
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Friday, November 11th, 2011
“Accidents happen.” How often do we hear this axiom rattled off as a justification for life events — some of which have devastating consequences? How about: “it’s no use crying over spilled milk?”, which is often repeated when a mistake is made and one party just wants to move on. But what if one person’s negligent actions have accidentally caused irreparable harm to another? Should the injured victim simply allow that every terrible mistake could never have been avoided, whether on the part of a distracted driver in an auto accident or a large corporation that knowingly puts its employees in danger? Those accidents cannot be ignored. The injured parties cannot turn a blind eye to the hardship they must face as a consequence of these “accidents”, including, but not limited to, extensive medical treatment, loss of wages or even death? Most victims and objective parties would agree: no, the victim should be able to file a lawsuit and be fully compensated for their injuries.
But even when justice appears clear-cut and self-evident, the legal system has a way of punishing the plaintiff (i.e.: the victim of a negligent act who brings suit against a defendant). Even with a sound case that has strong liability and clear damages, a plaintiff could wait for months and years to see the awarded settlement on their case. Insurance companies, for individuals and corporations, are well aware of their advantageous position as entities that carry a sizable amount financial weight; weight which they use to delay litigation proceedings or appeal initial verdicts, compelling injured and financially strapped plaintiffs to settle early and for less than what they could potentially achieve if they were in a similar financial position.
If you are a plaintiff and don’t think that this applies to you, consider this: insurance companies will be well-versed in litigation strategy. If you’ve been injured and either lost wages or your job, you could be looking at a lawsuit that eats into your savings, putting you and your family at risk of debt if and when your lawsuit takes longer to settle than anticipated. While waiting for the settlement money that will resolve all of your debt, give you the leeway room to pay household expenses and look for a new job, you will have run yourself into even more debt and ruined credit.
Instead, a plaintiff should make sure to stack the cards in their favor. With a lawsuit loan, plaintiffs can receive immediate financial relief. A lawsuit loan company will select cases for funding based on the merit of each case, and once assessed plaintiffs will get the support they need to carry their lawsuit to its successful conclusion. The amount of the loan will be commensurate with the predicted total amount of the settlement. Repayment of the loan will be taken from a portion of the settlement amount after previous liens and lawyers’ fees have been accounted for. A lawsuit loan is of tremendous use to plaintiff’s that need money now. Plaintiffs interested in pursuing a lawsuit loan can always consult with a legal funding provider and their attorney to consider their options.
About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit www.smpadvance.com.
Tags: lawsuit loan, lawsuit loan company, lawsuits, plaintiff
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Saturday, October 29th, 2011
It is our expectation that the U.S. legal system is in place to rectify acts of injustice. Whether that injustice takes the form of an act of negligence on the job or in a hospital, the U.S. civil justice system will protect its citizens. But recent discoveries about the effects of tort reform would appear to prove otherwise. Expository reports by Public Citizen, a nonprofit consumer advocacy group, and vaunted Sundance documentary “Hot Coffee” express the voices of those concerned about what the future holds under these so-called reforms. Where reformers once championed damage caps in tort lawsuits as the solution to high medical costs and exorbitant insurance premiums, new evidence proves that no significant savings have been made. Furthermore, in states like Texas, where caps were implemented in 2003, affordable medical insurance has become less available as medical spending continues to increase.
The only beneficiaries of tort reform are liability insurance companies and physicians. The civil justice system is meant to punish the wrongdoer and send a clear warning about the unacceptability of negligent injury or death to unsuspecting citizens through the awarding of punitive damages. Reformers believed that putting these damage caps and mandatory arbitration clauses in place would stymie the swell of frivolous lawsuits, exemplified by the suit that 79-year-old Stella Liebeck brought against McDonald’s for their dangerously hot coffee. But what state-specific tort reforms have done, instead of eliminating frivolous cases, is to strip their citizens of a system to turn to when they are injured and at their most vulnerable.
Victims who have suffered severe injuries, including those that prevent them from returning to work after the duration of their medical leave or to an indefinite amount, rely on the possible settlements they can reach to keep them from neglecting their injuries or falling into debt. Plaintiffs often wait months and even years to see their awarded damages, while attorney fees and other court costs pile up. For some, waiting for the maximum awarded settlement is not possible for their health or finances. If insurance companies use their buying power as leverage to wait out a plaintiff before tort reform, they are in an even better position to negotiate a lower settlement with the perception that the civil justice system is on their side.
It is at this time that a lawsuit loan is most necessary and useful. First, the financial burdens of plaintiffs are immediately alleviated by the lawsuit loan that can be applied towards medical bills, outstanding payments, and other necessary expenses that would otherwise lead a plaintiff into foreclosure or bankruptcy. Secondly, by sending a clear message to defendants that plaintiffs, their legal team, and their lawsuit loan company are all committed to winning the case, victims of negligence will have a better chance of achieving the maximum settlement they deserve.
Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit www.smpadvance.com.
Tags: lawsuit loan, medical malpractice, tort reform
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Monday, October 24th, 2011
Workers’ compensation insurance is a system meant to benefit both the employer and their employees. In the event that an employee suffers disability or death on-the-job, workers’ compensation is meant to provide financial and medical support to an employee or his or her surviving family. A shared level of trust is built between the employee and their employer that puts the well-being of the employee at its goal. Obtaining the benefits has the potential to put a lot of financial strain on a person. Applying for a lawsuit loan during a pending lawsuit or claim is one way in which you can reclaim financial control of one’s life.
But receiving your workers’ compensation benefits can take many weeks or months, and for many employees that already subsist from paycheck to paycheck, the lost wages can equal an irreparable financial situation. Waiting is not an option. An employee should never wait to inform their employer for fear that they will lose their job, because it could result in a longer delay or outright denial of their workers’ compensation benefits. But even when an employee follows the correct protocol, informs their employers, and sees a medical professional, their benefits can still be less than the overall medical costs accrued or take too long to be received. Either way, an employee finds themselves in debt while pursuing a fair settlement on their case.
A pre-settlement loans or a lawsuit loan is an option worth considering when an employee is facing a financial crisis. A lawsuit loan can provide similar medical benefits to a workers’ compensation claim, but a faster, simpler way. Money awarded with a lawsuit loan can go towards hospitalization, doctors’ services, physical therapy, x-rays, laboratory tests and scans, nursing services, medical goods and prescribed drugs. For an injured employee suffering loss of wages, these forms of treatment cannot come soon enough.
In addition to medical expenses, a pre-settlement loan can assist an employee back on their feet after a debilitating injury or, alternately, help the surviving family of a former employee see their way to recovery after a settlement. Usually, an employee looking to receive a lawsuit loan will be given approximately 10% of the perceived value of their case. In return, a lawsuit loan provider will work with the plaintiff to determine how to pay back the loan utilizing a comparative fraction of the total settlement. With this avenue, lawsuit loan can be put towards mounting credit card debt, other outstanding bills, or any number of other pressing needs that a family needs to attend to immediately. Applying for a loan can be as quick and easy as applying online. A lawsuit loan offers simple way for an injured employee to begin to reclaim control over their financial situation and their lives.
About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit: http://www.smpadvance.com.
Tags: lawsuit loan, workers compensation
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Friday, October 14th, 2011
Joblessness has become epidemic in America over the course of the recession. Unemployment benefits are the federal safety net for Americans without a job and with inescapable bills to pay. If federal extensions expire, which is anticipated due to opposition in Congress, as many as two million Americans would be facing poverty without government assistance as early as February. For those that turned to unemployment benefits to sustain themselves over the duration of a negligence lawsuit, this could spell ruin.
Oftentimes, the circumstances that lead plaintiffs to engage in a lawsuit are the very circumstances that lead to their unemployment. As it stands, a plaintiff could already be living from unemployment check to unemployment check, waiting for a fair settlement to get them back on track with their payments. For those still seeking medical treatment for injuries that have kept them out of a job for over a year, the expiration of federal assistance could be devastating. This is where a lawsuit loan could become most beneficial.
Unlike a traditional loan that you negotiate with a bank, eligibility factors for a lawsuit loan do not include credit approvals or employment history checks. A lawsuit loan company will judge your application based solely on the merits of your case and whether it shows strong liability and clear damages. The strength of your case will determine the amount of investment that a pre-settlement loan company is willing to put forth so that you can continue to pursue litigation. Individual circumstance also comes into play when determining the interest rates on each case that a lawsuit loan company chooses to fund. Based on the strength of each individual case, your loan benefactor will draw up an agreement that assigns a fraction of your total settlement to loan repayment. With the right company, the process can be simple and quick.
With a lawsuit loan, you can get a cash advance immediately to pay down necessary expenses such as medical bills, mortgage payments or rent, electricity bills, and education expenses. Some of these payments might have even lapsed as you tried to live off an unemployment check. If a plaintiff’s financial stability is threatened by the expiration of their extended unemployment benefits, they may be compelled to accept a low-ball offer for a settlement. Instead of accepting a settlement that is less than your case is worth, you should consider whether a lawsuit loan offers a potential bargaining chip and the key to financial relief from mounting debt.
The benefits of a lawsuit loan are multi-fold and can help you not only fund your case, but provide you with the relief you need to begin taking steps to reassemble your life.
About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit: http://www.smpadvance.com.
Tags: lawsuit loan, pre-settlement loan, unemployment benefits
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