Get Free Financial Suggestion Here
A personal injury lawsuit seeks to provide financial stability to those who have been injured in an accident caused by another party. Some of the more common types of personal injury lawsuit cases have to do with traffic accidents, accidents in the workplace, product defect related accidents, medical/dental accidents and holiday accidents. If you have suffered one of these sorts of accidents and are planning to file a lawsuit, there are several important things to take into consideration beforehand. Most important, is that your ability to continue your life is not harmed while you take the right steps to file a lawsuit. Here at Allboro Advance Credit LLC., we provide plaintiff pre settlement funding to you, which is money you can use to run your life while the trial is going on, be it for medical expenses, groceries or utility bills. There are no up front fees, no credit checks and you keep the money if you lose your trial. Without further ado, here are the top things you need to know before starting a lawsuit:
If you have enough credit available, you can charge expenses to your credit cards. Unless you and your attorney feel strongly that your case will win, it’s not necessarily wise to put legal expenses on a credit card, but sometimes there are no other options.
If you feel you have friends or family in a sound financial situation, you may ask them to borrow money in order to get cash for lawsuit expenses. This is a tough option because although it may help you in your immediate situation, if you lose the case and do not receive your settlement, you still owe the person you borrowed money from.
If you have equity in your house, you may be able to pull money out of the mortgage, but this is even more risky than putting the expenses on your credit card. Imagine if you lose your lawsuit and now you owe even more money against your house. Not only is your mortgage loan increased, but you’ve lost the equity in your house. With debt accrued on your credit card, at least it was unsecured.
The final option for finding cash for lawsuit expenses is a cash advance (also known as a lawsuit loan). This option is the most typical way to either finance your lawsuit or get you the money you need to pay living expenses, while your lawsuit is in progress. A cash advance (or lawsuit loan) is a non-recourse loan, which means that if you lose your lawsuit, you owe nothing A cash advance from Allboro Advance Credit, LLC is one of the safest ways to fund your lawsuit. Although the interest rates Allboro Advance Credit, LLC charge are among the most competitive in the industry, a lawsuit loan will have a higher interest rate than the financing you could get from a credit card or mortgage.
Here’s the difference with lawsuit loan funding:
Many victims of personal injury are desperately in need of quality medical care, but they don’t have health insurance or the means to pay for surgical operations or hospital stays. Although these people have a valid pending lawsuit or claim, most medical providers do not accept an attorneys Letter of Protection as payment for their services. The medical providers that do accept a Letter of Protection against the pending litigation as payment, often wait up to 18 months to finally receive the payment and, in some cases, receive nothing if the case is lost. Allboro Advance understands that most medical providers are willing to offer discounts for patients who pay the same day that medical treatment is performed. For those medical providers that are not willing to wait 1-2 years for payment and for those who currently are, Allboro Advance Credit, LLC. provides a new solution to this age old problem.
Allboro Advance is a finance company with over 20 years of combined experience in the legal and medical fields. Medical providers transfer the financial risk by referring the patient to apply for financial assistance with us. We then enter into an agreement with the patient and his/her lawyer to receive payment upon the future settlement of the case.
Allboro Advance then assumes the risk of when and how much it will get paid back. This provides a win-win situation for the medical provider, patient and lawyer. Many medical providers are making it their policy to refer patients to Allboro before accepting a Letter of Protection from a local attorney. The only assistance we ask from the medical provider when accepting a patient is a modest discount in the cost of the medical procedure being done for same-day payment. This discount usually ranges from 20% – 50% of the standard cost of the procedure. We work closely with medical providers to make sure the discount reflects the benefit of immediate cash flow and that the patient and medical provider both receive a net-net benefit. Allboro Advance does not make money by a negotiates medical provides fees lower. We charge the plaintiff a monthly fee after the case settles.
When your client is in need of a medical procedure, we work directly with the medical provider to verify the cost of the procedure and make payment the same day of the procedure. We then assume a lien against the pending lawsuit or legal claim and take the risk of getting paid 1-2 years down the road.
If the patient or lawyer asks a medical provider to perform a medical procedure in lieu of a lien against the legal case, then provide that lawyer or patient with our contact details.
Tell them to call (800) 604-4711 or tell them to visit our website at www.allboroadvance.com.
You can make it known to lawyers and patients in your community that you gladly accept personal injury patients with health coverage.
There is no application for a medical provider to complete and we don’t take membership. Each patient is treated as an individual transaction and the best way to get started is to call 866-709-1100 or simply refer a patient to our number and we will do the rest!
The medical provider will be sent a check directly from Allboro Advance on behalf of the patient on the same day that the medical procedure is performed.
Benefits of Allboro Advance’s healthcare funding
If you have been injured in an accident due to the negligent act of another person, you may need an attorney. Depending on if your situation is too complex or overwhelming, hire an attorney to represent your case and help you with your personal injury settlement advance. At Allboro Advance, we understand how difficult it can be to find the right attorney, but with these tips, it will make the process much easier.
Inquire with attorneys in your area and ask for documentation about their company, specific to your particular case. They’ll offer a “free consultation,” but you don’t want to go in blind without knowing who you are meeting. Take your time to find the right attorney for your personal injury settlement advance case, as there is not usually a rush with a personal injury claim. Most states allow six months to several years to file your claim.
Following your extensive research, you should be able to narrow your search down to 3 to 5 attorneys. Your top 5 list should be filled with attorneys who appear to be experienced and who you feel confident about helping you with your personal injury settlement advance.
Be sure to call and make appointments to interview the prospective attorneys in order to know if you’re comfortable working with them. With such a task ahead of you, you have to be able to trust your attorney. If you’re injured and have difficulty leaving your home, many attorneys will make house calls for your convenience.
Remember, you need to take the time to do your homework when choosing an attorney. A little work on your part will ensure you get the best lawyer for your particular case.
Any questions? Give us a call toll-free at 866-709-1100 today.
The information contained in this article is not, nor is it intended to be, legal advice as Allboro Advance is not a law firm. You should always consult an attorney for advice regarding your individual situation.
Also keep in mind, the faster you get a lawyer, the faster you can get some financial security should you be injured and unable to work. If your injury is related to your lawsuit, you are eligible to get cash for your lawsuit ahead of time from a company such as Allboro Advance Credit LLC. We provide our clients with cash to help them live their life while going through the lawsuit process. There are no upfront fees to apply for cash for your settlement or lawsuit, and you only have to pay the interest on the loan if you win your case! If you lose, you can keep the entire loan and pay nothing to Allboro Advance Credit LLC. To learn more about our cash for lawsuit program a.k.a. a lawsuit loan, please visit our lawsuit loan page.
Structured settlements are often a great way to settle legal disputes. They generally offer you more cash over a longer period of time than you would receive if you accepted a lump sum settlement. These long term payments can offer you financial security for years to come. However, what happens when your income needs change? You may need money for education, to buy a home or cover other unforeseen life expenses. The problem with structured settlements is once they’ve been set up, they can’t be changed.
If you’re looking for additional cash from your structured settlement, there is a solution. Allboro Advance can purchase all or a portion of your structured settlement to provide you with cash today to help meet your needs. We understand that you may not need to sell all of your structured settlement payments. We can structure a plan to the least amount of your settlement payments to reach your goal so you still receive the monthly payments you need to live off of.
There is a lot that goes into selling your structured settlement, so trusting this process to an experienced partner is key. With Allboro Advance, the process is simple. Our team will assure that selling your payments is fast and smooth. We will help you gather the necessary documents needed to receive approval to transfer your payments and receive the cash you need now.
If you’re interested in finding out the value of your structured settlement, contact Allboro Advance today. Once we’ve established how much money you’ll be able to cash in for all or a portion of your settlement, we can assist you in starting the process. Generally it takes anywhere from 45-60 days to fund your immediate cash needs, but that can always change depending on the state you reside in.