How To Find The Best Lawsuit Loan Companies
Originally posted on https://lawcash911.com/best-lawsuit-loan-companies/
Were you awarded money from an accident, Roundup case, or slip-and-fall lawsuit? The good news is that you will finally be getting money to pay for necessary expenses that have piled up since your injury. The bad news is that it can take a long time to get your money — you could be waiting for years. If you need the money right now, a lawsuit loan can help. There are tons of companies that provide pre-settlement loans and not all of them are reputable. So, how do you find the best pre-settlement loan companies?
Signs Of A Good Pre-Settlement Loan Company
Here are some things to look for when choosing a lawsuit loan company.
# 1 Online Presence
The first step in finding the best lawsuit loan companies is to check out their online presence. The goal is to make sure they are legitimate. Do they have a website and a Facebook page? Does their website look professional? Do the links work? Is the site trusted? Check out the companies Facebook page. Do they have links back to their website? If the company has no online presence other than a brand-new website, it pays to be skeptical.
#2 Exceptional Customer Service
Customer service is extremely important when it comes to finding the best lawsuit loan companies. A good way to gauge customer service is to look at current reviews. Check out testimonials by previous customers. What do customers say about this company? Legitimate companies will have lots of reviews from satisfied customers. Scammers, on the other hand, will set up websites quickly and have few or no reviews.
#3 Upfront Answers
The best pre-settlement loan companies give you answers. When you call the company, they should answer all of your questions satisfactorily. They should be frank about the requirements for a pre-settlement loan. If the company is vague or you feel rushed to make a decision without having enough information, then it is best to choose another lawsuit loan company.
#4 Multi-Channel Support
Choose a company that offers multi-channel support, meaning multiple ways to get in contact with them. Examples of multi-channel support include website forms, email, social chat, and telephone. Companies that offer multi-channel support make it easier to for you to exchange information. You might want to call and talk to customer service representatives if you have specific questions about the loan process. Email support may work best when you need to send documents in to support your application. Multi-channel support ensures that you can do all of those things without a fuss.
#5 A Wealth Of Resources
The best pre-settlement loan companies offer a ton of self-service resources to help you learn about pre-settlement loans. They should create and share articles, blog posts, FAQ pages, videos, and more to answer all of your questions. Reputable companies want you to make an informed decision about a pre-settlement loan. They want you to fully understand how lawsuit loans work. This is why they provide this information. Less reputable companies don’t want customers to be informed. So they only provide the basics.
#6 Online Application
The best pre-settlement loan companies allow you to start the application process online. It shows that the company values your time. You may still have to talk to someone over the phone or via email, but starting the process online makes it easier and quicker to get started. Filling out a form online speeds up the process significantly.
#7 Quick Approval
If you’ve filed a personal injury lawsuit, then you probably need the money quickly. You may be off work and bills are piling up quickly. You need the cash now to pay your rent, utilities or mortgage payments. You shouldn’t have to wait weeks to get your money. Good lawsuit loan companies should be able to approve your application in a timely manner. The best lawsuit loan companies offer 24-hour approval.
#8 Free Application
You should never have to pay a fee upfront to apply for a pre-settlement loan. Reputable lawsuit loan companies do not require you to pay a penny before you receive your pre-settlement funding. If you come across a lawsuit loan company that demands a fee up front for processing, walk away fast. The company could be a scammer hoping to make a quick buck.
#9 Risk-Free Funding
Trustworthy lawsuit loan companies offer “non-recourse funding,” which means that you won’t be required to pay back money if you lose your case. If a pre-settlement loan company tells you that you will need to repay the money if you don’t win your case, you should be wary. They could be trying to take advantage of you.
Things To Watch Out For
Here are some red flags to look out for when choosing a lawsuit loan company.
- Guaranteed approval – There’s no such thing as guaranteed pre-settlement lending. It is the case that counts. Reputable lawsuit loan companies examine each case carefully before making a decision. So, if you are offered guaranteed approval, be cautious. It could be a scam.
- No attorney needed – Legitimate lawsuit loan companies require that you be working with an attorney before you apply. Avoid any lawsuit pre-settlement lender that tells you that you can get a lawsuit loan without a lawyer.
- Offers a loan with no case – In order to get pre-settlement lending, you must have a case currently in court. The loan amount is based on your expected settlement. Therefore, you can’t get funding if you don’t have an active case. Any company that says that you can get funding without a case is likely operating some kind of scam.
The Bottom Line
When you’re waiting for money from a personal injury or some different type of lawsuit, a Lawsuit Cash Advance Loan can provide you with the cash that you need to cover your bills and other expenses. But, you must do your homework to ensure that you are dealing with an honest company.
At Lawsuit Cash 911, we have helped many people get pre-settlement cash quickly. Check out our many reviews or contact us to Get The Best Lawsuit Loan Company for your settlement funds.