Settlement Loan

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Date: Fri, 22 Dec 2006 Time: 12:00 AM
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 by: Wensley McKenney

The legal system in America is currently stretched with more personal injury lawsuits than it can comfortably process. Many insurance carriers are taking a stronger stand in the settlement process which increases the length of time to resolution in many cases. The victims of personal injury are being hurt the most by this reality because they are often out of work and have difficult time making ends meet until they receive a settlement or judgment in their case.

Fortunately, Global Financial Credit, LLC (http://www.glofin.com) offers low cost settlement loans against pending legal claims. A Settlement Loan is not actually a loan but rather a cash advance against any proceeds that may be received from the pending litigation. If you are injured and have hired a lawyer to represent you then you qualify for a settlement loan against the potential future proceeds you may receive from your lawsuit. You do not have to personally guarantee anything and there are no credit checks or income verifications.

Global will advance you a portion of your future settlement dollars today in return for a portion of your proceeds when the case settles. If the case is lost for any reason then no money is owed back to the funding company. The plaintiff would keep the money that was advanced from the Settlement Loan for free. Settlement Loan advances can be used for the necessary living expenses that so many injured people fall behind on when they have been in a major accident.

Global does not charge any application or upfront fees to apply. Once a plaintiff receives a settlement loan advance from Global there is a monthly fee of 3.99% that accumulates until the case is settled won by judgment. For those who have been injured in any type of accident and have a pending legal or worker compenstaion claim, Global Financial can provide you with some of your future settlement dollars, today.

About the Author

Wensley McKenney is a Managing Director at Global Financial Credit, LLC. He has 15 years experience in the financial and legal fields.

wensley@glofin.com