Lawsuit Loan Option
This entry will be a bit of background information for anyone interested in a more recent and rather unique aspect of our legal system.
What are lawsuit loans?
A lawsuit loan is a way for a litigant in a pending lawsuit to get a cash advance against the eventual proceeds. Specialized loan companies will let people borrow money before the case is settled. One appealing aspect of the concept for people in the situation is that it gives them a way to continue with their lawsuits rather than settling for a lesser amount sooner because they need the money immediately.
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