Posts tagged Traditional Financial Institution

Settlement Loans as a Financial Blanket

Jul 10th

Posted by wowmynews in Loans | 81 views

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During a lawsuit a plaintiff can have a major financial burden. This is especially true with injury or workmen’s compensation lawsuits. During these the plaintiff cannot work or is unable to work, eliminating their income source. During this period a huge debt can occur, including lose of property due to non-payment on an outstanding loan with a traditional financial institution. Vehicles can also be repossessed during this period due to non-payment. There is a solution: a settlement loan.The American Bar Association prevents attorneys from loaning money to their clients for a few reasons. The main factor is the fact that More >
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Why Settlement Loans Aren’t Really Loans

Jun 27th

Posted by wowmynews in Loans | 118 views

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When the term settlement loan is thrown around people think of a traditional loan. In reality a settlement loan is not a loan at all. A traditional financial institution or lending company would not issue a loan based on the merit of a pending lawsuit. This is due to the fact that if you lose the case you most likely could not pay back the amount lent to you. This is due to the structure of traditional financial institutions and how to generate revenue.In fact, a settlement loan is really a settlement loan provider buying interest into your pending case. More >
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