Kentucky Lawsuit Loan
If time is of an essence in your suit, perhaps you need a Kentucky lawsuit loan. Kentucky lawsuit loans provide our clients more time to negotiate and litigate in hopes of larger recoveries. The standard method of borrowing is not the same with this asset class. A person can receive a lawsuit loan in Kentucky by using their lawsuit as collateral.
A Kentucky lawsuit loan transaction occurs when a person provides their lawsuit to an investor who agrees to pay a percentage of the expected compensation, and will collect when the investment matures. In return he or she will pay you the funds on a non recourse basis. If the plaintiff loses the case the investor is not paid back. The lawsuit loan amount is determined by a number of factors including strength of case and expected value of the case.
For example, your lawsuit loan value will be determined by the original amount of the settlement claim, liability, the current and projected compensation amount and the financial health of the defense. All of these factors are taken into account when determining the value of your case and the amount you can borrow.
One of the main reasons why claimants in Kentucky use lawsuit loans is because they are a better option to a smaller settlement. A Kentucky lawsuit loan is used by some claimants that have financial constraints. A person may need the money to pay for ongoing medical expenses or living expenses. This option can help supplement a loss of income or loss of wages.
There are many benefits of a Kentucky lawsuit loan:
- The borrower can be unemployed
- A person can have bad credit or no credit
- The only collateral that is needed is the suit
- Non recourse asset
- There are no maximums on the borrowed amount
- Can help a plaintiff buy more time without having to settle for less
- Multiple payment option
- Supplements a loss of income
If you are going through a lawsuit you don't want to make the mistake of settling your case too soon. Think about the following situation: You have been offered a settlement from the insurance company. Your lawyer and doctor have recommended you seek further medical treatment and the total costs are still unknown. The amount of the offer only pays for expenses that have already been established and very little for potential costs related to ongoing medical or loss of wages. It could take another 6-12 months before you know the total expense. It is very hard to put a number against something that is so unclear. How much more money will you have to pay in ongoing medical costs? How much time will you miss from work? The problem is both the attorney and the doctor can only make an estimate. If you decide to take the settlement and the cost over exceed the amount paid, you have to cover the rest out of pocket.
This could become a financial nightmare and the long-term effects could be devastating. A lawsuit loan in Kentucky can be considered a long-term investment for the plaintiff. The fact that a Kentucky lawsuit loan is non recourse and there is no telling how much more money will be needed in additional costs, makes this type of advance a necessity for some. A Kentucky lawsuit loan can be the best defense to an uncertain outcome. If you are interested in finding out more information on a lawsuit loan in Kentucky, begin by applying online.
We provide lawsuit loans in Kentucky for various types of personal injury claims. Some of the injuries that may result in an accident include:
We understand that a Kentucky lawsuit loan can be of great importance for some of our clients. We believe that each client should be offered a fair shot at claiming what's rightfully theirs. While your busy fighting for fair compensation against your case, allow LawLeaf to secure a lawsuit loan against your case. We help individuals that are going through tough financial times and have no other place to turn. If you want LawLeaf to work for you, begin by applying for a Kentucky lawsuit loan today.
We provide lawsuit loan services throughout KY: Ashland, Barbourville, Bardstown, Benton, Bowling Green, Campbellsville, Catlettsburg, Corbin, Covington, Crestwood, Cynthiana, Danville, Elizabethtown, Erlanger, Florence, Fort Thomas, Frankfort, Franklin, Ft Mitchell, Georgetown, Glasgow, Grayson, Greenup, Greenville, Harlan, Harrodsburg, Hazard, Henderson, Hindman, Hopkinsville, Jackson, La Grange, Lebanon, Leitchfield, Lexington, London, Louisville, Madisonville, Manchester, Mayfield, Maysville, Middlesboro, Morehead, Mount Sterling, Murray, Newport, Nicholasville, Owensboro, Paducah, Paintsville, Paris, Pikeville, Prestonsburg, Prospect, Radcliff, Richmond, Russell, Russellville, Salyersville, Shelbyville, Shepherdsville, Somerset, Versailles, Whitesburg and Winchester.