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  Lawsuit Loan

A lawsuit loan is a cash advance that can be issued by the plaintiff against pending lawsuit settlements. Pre-settlement cash advances allow a claimant to access a portion of his or her potential legal settlement to pay for immediate expenses. Lawsuit loan are usually required for personal injury and worker compensation claims, since they can take many years to be resolved, leaving the plaintiff to wait for money that may be desperately needed now. Lawsuit loan companies will review the merits of your claim and will determine the chance and the size of a settlement. Based on this evaluation, they may then offer the you a small portion of the total value of their claim in exchange for an assignment of a portion of the claim's potential future rewards. If there is no settlement after the court action, the company receives nothing.