What do you think about companies who gives you money until your lawsuit is settled?
Answer:
They're not doing it for your benefit. Think about it - why make a high risk loan to you unless they will make a bunch of money off of it?
When you try to settle your case, you end up needing more because you have to pay a big interest bill - sometimes the interest is twice the amount you borrowed. If the other side won't pay it, and you can't get a jury to give it to you, then they can start placing liens against your belongings.
Just wait for your settlement.
I worked for a personal injury attorney for 11 years and these companies are out for themselves. The lawyers get very annoyed when their clients insist on using these companies for a loan against the settlement. When you receive your settlement the lawyer will first take out for his out of pocket costs. Then the lawyer will take his one third for his attorney fees. Then there are usually doctors with balances that must be paid from the settlement and if you have this company to pay back with all of their interest, not much left for the injured person sometimes.
If you can wait you'll get the full amount minus your attoney and court costs. If you go for the money before you settle you'll be getting even less and there is the possiblity that your lawsuit could never settle and then you'd owe that back but that probably won't be the case as the person won't let you have the money unless its a pretty sure bet that your going to get something. I'd wait but that's just me.
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