Lawsuit Loan in 5 Easy Steps

By Dr. Tom Rhudy

Has someone's negligence resulted in injuries that prevent you from working? Has that negligence taken your only car out of commission? Did that negligence result in serious injury for either you or a loved-one?

Are the bills continuing to mount up, in spite of your inability to pay because you are quickly running out of money?

A lawsuit loan may be your solution!

"Okay," you say, "but how do I know that, even if I do submit an application, it will be approved for funding?"

1. You must have an attorney. You will find that most, if not all, lenders will refuse to work with you if you do not have an attorney, and you will be unable to obtain the funds sought. The attorney is necessary to assist the lender in finding out, as effortlessly as possible, the merits and value of your case.

Someone who will work with the lender and is knowledgeable in quickly obtaining the following necessary information is indispensable:

The lender must be able to work with a knowledgeable individual who is able to obtain necessary information regarding the following:

b. Information regarding the insurance carrier on-the-risk for paying the claim.

c. Where are motions to be filed and against what party are motions to be filed?

d. Where is the jurisdiction in which the motions are to be filed?

e. Are depositions required?

f. Are witness statements necessary?

g. There is so much more information that your attorney will provide.

2. Ensure that you provide the correct name of your attorney to the lender. A lawsuit loan may be, and often is, denied due to the fact that the application has an incorrect name for the attorney-of-record.

If you fail to follow up to ensure that the correct attorney's name is provided, your claim will be denied and you're left wondering why.

3. The lender must have your attorney's correct contact information, to include, but not necessarily limited to, telephone number, fax number, etc. Your lawsuit loan may be denied simply because you provided incorrect contact information to the lender.

3. Provide the lender with your attorney's correct contact-information (e.g., telephone number, fax number, etc.). Many lawsuit loans are denied simply because incorrect contact information is provided.

Don't allow these easily correctable errors serve as the baisis for a denial of the lawsuit loan requested.

4. Do not waive your rights to pursue a claim against those who harm you by carelessly signing paperwork the other party shoves under your nose.

4. Do not sign paperwork in which you waive your rights to pursue a claim against the party who injured you (i.e., tortfeasor).

Disaster may befall you if you sign the waiver. Although the payer will be very happy, such a mistake may cost you tens of thousands of dollars. Weigh your options very carefully!

Your attorney should be consulted prior to your signing any waivers!

Neither accept calls from nor contact the insurance carrier once you retain an attorney. Once you open that door, you may defeat the purpose of retaining an attorney in the first place.

Your attorney's permission is typically required prior to an insurance carrier being able to contact you once you are represented (i.e., retained an attorney).

If you open the door by contacting the insurance carrier once you have retained an attorney, the insurance carrier may discuss the case with you, requesting statements under oath, waivers, etc.

Make your attorney that fee you're being charged!

About the Author:

Powered by Blogger