If you’re in California and you need a lawsuit loan, you should find comfort in the fact that lawsuit loans are available in California.

Actually, we get more requests for lawsuit loans from California than any other state in the union.  We here at MyLegalAdvance.com don’t know why this is, but it is the way things are.

If you are in California and you need a loan on your lawsuit, dont hesitate to call us today!  Call 1-888-536-1323

We offer the lowest rates in the industry and we have the fastest approval times.

Remember, lawsuit loans are non-recourse loans.  This means that if you don’t win your case, you won’t owe us anything–no interest, no finance fees, nothing!  And since the application and approval process is free, you will basically have gotten free money!  You can’t beat that right?

So, don’t hesitate any longer.  Call us now! 1-888-536-1323

Or visit our site: http://www.mylegaladvance.com

A common question I hear plaintiffs ask is “How long will it take for my Personal Injury Lawsuit to settle?” or “What the average time a personal injury lawsuit takes?”

The only valid answer to this question is that statistically a personal injury lawsuit can average 2 to 3 years, but one must remember that no lawsuit is “average”. This means there is no expected timeframe to work with. You simply have to continue with the next step in your lawsuit and ensure that your lawyers and paralegals are working on it.

Another common question is “Why do personal injury lawsuits take so long?

The truth is that a case can be fairly “cut-and-dry”-i.e. the liability is obvious, the injuries are substantial and the insurance covers the damages-but the case can still draw out for many years. Why is that? Well, the obvious answer is money. It is in the insurance company’s best interest to extend the case as long as possible.

Let’s look at this logically: the insurance company is a profit-driven company. It has employees to pay. It has shareholders to make happy. It’s not easy trying to satisfy the dogs on Wall Street with greater earnings every quarter. In order to do that, it has to get creative and squeeze profits from areas it wouldn’t normally do so from.

One of the easiest places they’ve found to “squeeze profits” from is YOU-the plaintiff. Their policies might say that they’ll cover $100,000 in damages for the defendant, but the complex mathematical formulas on their computers already account for the fact that you are desperate and you’ll accept far less!

That’s right! They know that a certain percentage of plaintiffs are so poor and in such a bad financial situation (how could they not be after being out of work because of an accident) that they’ll accept 20% or even 10% of what is really due to them. This is where they can make that extra profit to satisfy shareholders!

One of the main questions I get is “Is it financially smart for me to get a personal injury lawsuit settlement loan?” (READ MORE)

This article was published on www.ezinearticles.com. Please go to the above link to read more.

The truth is that your lawyer may or may not even know that lawsuit settlement loans are an option.

Most have heard about it and regularly refer their clients to whatever company they have worked with successfully in the past.

Actually, even though we get many clients from online marketing, word-of-mouth and other means, we still get about 50% to 60% of our business from lawyers and paralegals referring us clients.  They have simply come to realize that we offer superior service and that our rates are consistently lower than any of our competitors.  Because of this, they know it would be a disservice to their clients to send them elsewhere.

 There are other lawyers who recognize the need of lawsuit settlement loans and who simply advise that their client “find their own company”.  There are a few down-sides to this:

1. The lawfirm could get bombarded by paperwork requests if the plaintiff applies to multiple companies.
2. There are many lawsuit advance companies out there that are so disorganized it could end up taking weeks to get an advance (right now, we are averaging 3-day approval times).
3. There are companies out there that charge incredibly high interest rates.  For example, one majoy company which I won’t name recently changed it’s rate plan.  It now charges 60% FLAT if the case settles at any time in the first six months (and another 60% for each six-month period after that).  That, my friend, is what you call robbery!

The last circumstance we often encounter with lawyers is the lawyer who is recalcitrant and refuses to let his client get a lawsuit settlement loan.  This one is the most entertaining to me.  When I encounter this, I politely ask the lawyer what he has heard or what he has against lawsuit settlement loans.  Some of the false data I hear is this:

1. “The lawsuit settlement loan will interfere with my client’s case.”  This is a false idea, and it’s just a manifestation of the lawyer being careful–and you can’t blame him/her because his/her job to protect you!  But the truth is that the whole process is confidential and nobody else other than your lawyer and the funding company will know it was done.  We have even signed agreements to reassure the lawyer that nothing detrimental will happen as a result of the cash advance.
2. “You guys will rip off my client.” As I’ve described above, some companies charge very high interest rates and are practically a scam.  It’s a shame that every industry has its bad apples that create a bad reputation for the rest of us.  But the truth is that nothing is final until you and your lawyer sign the funding contract.  Before you sign it, you will be able to review all the terms with your lawyer and see that our rates really are fair–they’re consistently 40% lower than competitive offers.
3. “It’s too much paperwork.” I hear this when a plaintiff has applied to 4-5 lawsuit settlement loan companies and the lawfirm has gotten faxes and phone calls from all of them requesting the same thing.  For this, I simply explain to the lawyer that I’ll be faxing only one page and that the entire process actually requires very little paperwork.
4. The last situation I encounter is the lawyer who is unwilling to help his client and unwilling to speak to me.  You may surprised how some lawfirms treat people.  I’ve been hung up on.  I ‘ve called my client to tell them, only to have the client say that they’ve been hung up on as well.  As I mentioned above, every industry has its bad apples.  If you need a lawsuit settlement loan for your SURVIVAL and your lawyer is preventing you from doing that, you need to look at what course of action is the most survival, while realizing who works for who (clue: you don’t work for your lawyer).  Sometimes, I’ve had plaintiffs handle their lawyers who were recalcitrant.  If the plaintiff was unsuccessful in handling his lawyer, I’ve had many go find new representation that is ready to help them survive.  Listen: lawyers often come from a different lifestyle and sometimes they don’t understand what financial problems can feel like.  This doesn’t give them permission to hold you back from doing something you need to do for survival, does it?

Those are most of the situations I encounter with lawyers.  It’s very rare that there’s any problem.  98% of lawyers are more than happy to help their clients.  But even most of the 2% who aren’t are able to be handled!

 – Jason Argall

I just published a new article on www.ezinearticles.com.  Feel free to go check it out!  Here’s a snippet and a link to the article:

Lawsuit settlement loans are an obscure financial option for most people. Because most of us aren’t involved in lawsuits on a regular basis, we don’t often have to decide if getting a lawsuit settlement loan is the right thing to do or not. The truth is, in my years of helping people make this decision, all of their confusion boils down to a few unanswered questions:

What is a lawsuit settlement loan?

A lawsuit settlement loan is a “non-recourse loan”. “Non-recourse” simply means that the lender doesn’t have the right to collect the money if the case doesn’t settle-for example, if you got a $10,000 lawsuit settlement loan and you lost your case, you wouldn’t owe anything. This is the way a lawsuit settlement loan has to work under Federal law.

How high are the interest rates on lawsuit settlement loans?

The interest rates on these loans range anywhere between 1% to 5% monthly. A fair interest rate for a personal injury lawsuit settlement would be around 2.5% to 3.5%. A fair interest rate for a structured settlement case would be around 1% to 1.5%. For riskier cases, expect interest rates bordering on 5%. Be careful of deceptive math with most companies! Some companies may try to scam you by making you believe a “grid-structure repayment plan” is the way to go. With these repayment plans, you may end up repaying 60% interest if your case settles any time within six months. So, if your lawsuit settlement arrived after two months you would have ended up paying 30% of the loan per month.

What if I lose my case?

Because lawsuit settlement loans are non-recourse loans disbursed based on your pending settlement, if yours never comes because you lost your case, then you wouldn’t owe anything.

What if the settlement is less than the loan amount?

If the settlement is less than the loan amount, you still do not owe more than the settlement. Basically, you will not leave the deal with personal debt from the non-recourse loan. . . (READ MORE)

– Jason Argall

I just published an article on lawsuit cash advance on EZineArticles.com, see the clip of the article below and click the link to read the rest:

“How long will it take for my lawsuit to settle?” Now, be honest, how many times has that question replayed in your mind? How many times has it gone unanswered?

In case you haven’t figured this out yet: our justice system doesn’t work on our terms. If you need to pay a bill by the end of the month, the judges, court clerks, attorneys and paralegals aren’t going to get busy just for you. The court systems aren’t Burger King, and you aren’t going to “Have it Your Way”.

In fact, the justice system is designed to take its time-I prefer the slogan, “Have it Our Way”. This may annoy you as a plaintiff (as it should), but the defendants and insurance companies love it.

If you have a personal injury auto accident case, the defendant’s insurance company will usually do everything in its power to extend the time of the trial. Insurance companies know that most plaintiffs are struggling financially (due to the consequences of a car accident), and they’re more than happy to force desperate people into accepting bogus offers. Where do you think most of their profits come from? Unfortunately, it’s from desperate people like you.” . . . (Read More)

- Jason Argall

When plaintiffs are considering getting a lawsuit cash advance, they shouldn’t let desperation lead them down a path that they’ll later regret. They shoud sit down and weigh their options before making any decisions. Otherwise, their emotions may get the best of them and they may find themselves in a litigation finance nightmare. First things first:

Is it a financially sound way to go?

Well, let’s face it, a lawsuit cash advance loan isn’t the cheapest money available. The rates range from about 1% on structured settlement loans to as high as 5% per month on riskier cases. If a plaintiff has the ability to fall back on a home equity loan, this would be much cheaper money to borrow. And sometimes, even falling back on credit cards could be a safe option. But there are dangers in those options as well. What is the true cost of that “cheaper money”?

With mortgages, home equity lines of credit, credit cards, student loans and most other forms of lending, debt is CREATED. The banks that do these loans create money from thin air by using what is called the factored banking system (see the great cartoon Money as Debt).

The banks only need to have 10% of the money they loan in reserves. So, essentially a bank that is loaning $100,000 for a borrower to purchase a home only has to have $10,000 in reserves. So the 7% the bank charges on that money is really 70% of the money they have in reserves–pretty nice business eh? Well, not really if you consider the hellish situation the banks have gotten themselves into with the housing boom and bust.

But we’re looking at lawsuit loans here. The truth is that with any other form of debt you are entering into what is called a “recourse loan”, which means that you are entering a debt obligation where non-payment leads back to somebody (that means you!). If you don’t pay your mortgage, they take your house. If you don’t pay your car payment, they take your car. If you don’t pay your credit card payments, they make your life a living hell until you do. That’s the way “recourse loans” work, and you will obviously pay less in interest for this reason. But the trade-off for less interest is that the debt is yours, and it could affect you later on if things don’t go as planned.

With a lawsuit loan, you could say that the debt is actually to your lawsuit–repayment depends on the fate of your lawsuit. If your lawsuit is unsuccessful, you don’t pay anything. If your lawsuit is successful, you pay back the loaned amount plus interest. If your lawsuit settlement is less than the loaned amount, you don’t owe anything more than the settlement. That’ the beautiful thing about lawsuit settlement loans.

If a plaintiff were to fall back on a second mortgage or on credit cards, sure it might seem like the right thing to do if you only look at the interest rates involved. But it’s not as cut-and-dry as that.

1. Credit cards can often charge higher interest rates than you could get on a lawsuit cash advance. Many people pay 19%+ on their credit card debt. And if you don’t pay that now, wait until you miss a few payments if things don’t go as planned.
2. With a slow housing market, building up debt on your house may not be the best way to go. What happens when you owe more than it’s worth?
3. What happens if you build up thousands of dollars of debt on credit cards and home loans and you unexpectedly lose your case? This happens all the time. The justice system is unpredictable. That’s why lawsuit cash advance is an option for you.

One of the best ways to decide if a lawsuit cash advance is right for you is to simply look at it mathematically.

When I’m talking to plaintiffs who are considering a lawsuit cash advance, I often tell them about the close friend of mine who inspired me to get into this business. He had a personal injury auto accident lawsuit, and he didn’t know that lawsuit pre-settlement loans were available to him. His case was for about $100,000 and he was receiving physical therapy and chirpractic care under Florida’s Personal Injury Protection (PIP) laws. He was also badly injured so he wasn’t able to work for quite some time and this was putting a lot of stress on him.

Out of nowhere, the defendant’s insurance did the predictable thing: They offered him about $10,000 as an immediate settlement. Of course! This happens every time. This is how insurance companies operate (and where their profit comes from). They especially do this with cases they will likely lose. To them, they have to decide what is the less expensive route to take:

1. Paying attorney fees and eventually losing the case AND paying a huge settlement.
2. Taking advantage of people’s desperate financial situation and their “got-to-have-it-now” mindset by offering them a ridiculously low offer.

Most of the time, the insurance companies pick the latter. And to them it’s fully justified.

Well, because my friend didn’t know of any litigation finance companies and because his lawyer didn’t refer him to any (many lawyers aren’t aware the option exists), my friend ended up accepting $10,000 out of desperation, which he quickly burned through catching up on piled-up bills while he was out of work. This is simply what he HAD TO DO (or so he thought).

If we could go back and change things with the Ghost of Christmas Past (sorry it’s getting close to Christmas and I get a little into it sometimes–especially with my nephew around), then maybe we could see how my friend’s Fate could have been different with a lawsuit cash advance.

If my friend had applied for a lawsuit cash advance on his $100,000 lawsuit, he would have probably gotten about $10,000 (10% of the expected settlement is customary). Note that this would have given him the same financial relief as the ludicrous offer he ended up taking.

How would his situation have been different by the end of the lawsuit?

By the end of the year, he would have gotten the $100,000 settlement. Of course, about $33,000 would have gone to the lawyer in attorney fees, and $13,448.89 would have gone to the litigation finance company (the $10,000 loan plus $3,448.89—3% interest compounded per month for twelve months). By taking the loan instead of the bogus settlement, he would have been able to wait a year for what was due to him and get $63,551.11 after attorney fees and interest (compare that to the $10,000 bogus offer he accepted because he didn’t know his options!). That’s $53,551.11 more!

That, my friends, is the power of litigation finance and lawsuit settlement loans. That’s why I’m in this business, and why I enjoy helping my clients. That’s also why insurance companies don’t like us. But that’s okay, enemies sometimes remind you that you’re doing something worthwhile, right?

 – Jason Argall

I’m proud to announce the creation of the My Legal Advance Blog! This blog is here to educate potential clients regarding lawsuit cash advances and to allow current clients to discuss their own experiences. It is also here to keep everyone in the legal world up-to-date on litigation finance news.

So, welcome! And please feel free to check back regularly and to participate in the blog.

To start us off on the right foot, I’d like to help our visitors with a Free Debt Reduction tool. Play around with it and hopefully you can get some help from it!

 

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Jason Argall