If you are currently expecting an auto accident lawsuit settlement, there’s a good possibility that:

• You will have to wait longer than expected to get your settlement.
• Due to circumstances related to your injury you could be out of work and in need of financial support.
• You could be in need of a lawsuit loan on your auto accident.

As more and more people discover the advantages of lawsuit loans, it is becoming one of the best ways to stay financially stable during a stressful lawsuit.

How much can somebody get approved for lawsuit loan on an auto accident lawsuit for?

Well, I’ve seen somebody get a loan for $400.  We’ve also funded somebody who was approved for $400,000 but took $300,000 because that was all they needed.

We are lawsuit loan brokers.  Believe it or not, there is a major advantage to using a brokerage company like ours.

For example, if you were getting any other loan (for a home, car, equipment, etc) you would not deal directly with the lending institution.

Even if you got a loan from your bank’s location, the money that is lent is coming from a completely different bank.  There is always a broker involved.

The job of a broker is to represent the customer to get the best setup for him as possible.

There are hundreds of lawsuit loan companies.  For any one person to try to apply to half a dozen of these can be a real headache.

All the companies offer so many different things.

• While six companies in a row might decline you, the seventh one might loan you $10k.
• You might get approved for 70% interest every six months at one company, but only 20% interest every six months at another company.
• If you are looking for a large sum of money, I have seen “the largest lawsuit loan company” approve a plaintiff for $50,000 and a much smaller company that doesn’t advertise directly to plaintiffs approve that same case for over $250,000—at a lower interest rate!
• While lender may not lend to cases in your state, another one might.

You see, they all have different policies and experiences, so it’s difficult for plaintiffs to know where to apply.

And if you try to apply at multiple companies, get ready for your law office to be a bit annoyed.  They will be getting calls from multiple companies and having to send faxes all over the place.

With the years we have in this industry, we know the best lenders for each type of case in each state.  After all, we have a long history and a database to know which lender will give you exactly what you’re looking for.

If you are looking for:

A low interest rate—there is one lender who lends at rates of 1% per month if your case qualifies.
A lot of money—there’s another lender that you’ve never heard of (because they don’t advertise) that will lend up to $2 million.  And they don’t just say that like the other “big companies”.  I’ve seen them make some VERY large loans.
A balance of the two—we have another lender that we feel is a good balance between high approval and reasonable interest rates.  In fact, when we give our customers the option, they often choose this lender because it works the best for them.

But, remember, there is no loan too small for us.  While we love to fund huge cases, we know that anybody who calls us needs our help—even if it’s only for $500.

We do small cases all the time.  Even though our commission on these cases is small, doing them in quantity adds up and sometimes this small amount of money can really make a difference for people.  The testimonials we get in are well worth it!

Give us a call today at 888-536-1323 and we’ll help you on your way to a lawsuit loan!

I’d like to wish all of our customers and associates a Merry Christmas!  Over the last 6 weeks, we helped a lot of families with their finances so they could have a good Christmas.  Sometimes it’s tough and people need a little help.  We at My Legal Advance were happy to be here to help.

 Merry Christmas!

–Jason Argall

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