You may find that it affects your finances. Besides you handling the legal fees, you are as well required to pay for the medical and household expenses with your very own cash. Quite Soon, you will have no cash and you will be in financial difficulty. Luckily, you have the chance to use My Lawsuit Loans to get a lawsuit loan.
application
The litigation procedure starts with an application in which My Lawsuit Loans takes the solicitor’s personal information and some crucial information of the claim, for example, the nature of the claim, the damages, the details of the lawyer and the circumstances of the case.
Information request
When the application is complete, a request for information will be sent to the legal counselor office by fax or email. When the requested documents have been compiled, sent and received, the case can be considered for financing. A lot of claims which are highly financed are personal injury cases. The following are the three documents records required to assess these claims.
1. Police Report/Incident Report
2. damages
3. information regarding insurance
analysis
The investigation of the above- mentioned documentation enables the financier to evaluate the merits of the case and to talk more intelligently about the measure when he has finally had a discussion with the plaintiff’s attorney.
More paper
As with a lot of cases, the documents received are insufficient for the financier to make a preliminary evaluation. This might be because of an oversight of the firm or the way that the firm does not yet have the documents in question. In both cases, regulatory steps should be taken to try to verify these significant documents.
agreement
Immediately the application for a claim has been handled, the document has been received and the document has been signed and endorsed, the document is taken to the Approvals Department, where an agreement is set up to establish the agreement between the parties. Special consideration is taken to make sure that amounts, dates, subtitles, names and all other essential terms are correct. At that time, the terms of financing the case will be sent to the parties.
Contracts back
When the agreements have been prepared and sent, the procedure advances but is never completed. Rather, questions frequently emerge about contract terms, design errors, sums, or the use of words. In a lot of cases, these issues are settled by the parties and their guidance. When the financing documents are finished and received, the case is sent to the last stage – funding.
funding
Cash exchange has never been easier than it is today. My Lawsuit Loans use different means to exchange cash to their customers. Obviously, checks are sometimes sent as previously, however, we as well use more modern forms of exchange, for example, bank exchange or direct deposit. Since these transactions usually take quite a while, a wiring is the most proficient approach we use to transfer cash.
After closing
When the document has been funded and the applicant has received cash, the collection/monitoring process occurs.