10 questions to ask BEFORE you get a lawsuit cash advance

March 9, 2008

1. How long will it REALLY take?

Many people/companies advertise CASH IN 48 HRS! I have been doing this for 3 years and hit that target maybe twice. One reason this isn’t good to promise is the law firm needs to send documents to me to get started and sometimes they dont fax them right away. What if they take two days to send me the documents?

2. Can you give me a rate right now or will you make me wait until the contract is issued and because of desparation I get forced to accept the deal.

Self explanatory.

3. What happens if I lose or do not collect?

You want to make sure you are not liable to pay it back.

4. Are you a broker or a funding source?

A funding source may or may not be the best deal for you because of service level and interest rates.

5. If I am not severely injured, can I still get an advance?

Most companies will not fund you if you are known as a “soft tissue case”. They need minimally a herniation or bulge in your spine to fund you.

6. Do you have an application fee (how much)?

This gets added to your advance and grows at interest with SOME companies. Not mine however.

7. What company do you use to fund your cases (if they are a broker)?

Some companies are more expensive and have fees added. Some are slower than others so if you are in a hurry consider that.

8. What is the interest rate?

Self explanatory.

9. How do I get the money?

10. What case types do you fund?

Your case may not be a personal injury case. You may need a company that has a large capacity to fund different types. You can view the case types I fund on my website.

Always get your questions answered and make sure you fully understand what you are doing before you do it.

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