Is a Lawsuit Cash Advance a Loan?Have you been wondering, is a lawsuit cash advance a loan? Find out why it’s not in this educational video. Call today for a free consultation.
Question:Is a lawsuit cash advance a loan?
A man is driving down the street, not paying attention, and runs into the person in front of him who happens to be stopped at a red light. That person calls us and asks for a cash advance and wants to know the difference between a cash advance and a loan. A cash advance, or pre-settlement funding, on a case like his is not considered a loan. The reason being is that it is a non-recourse advance, which means that if for some reason the case loses, we cannot go after that person for the funds that they received from us. In the case of a loan, like a bank loan for a mortgage or a car, they repossess your assets if you don’t make your payments.
Are you or a loved one involved in a personal injury lawsuit and want to know if a lawsuit cash advance is the same thing as a loan? Contact us for a free consultation or apply for lawsuit funding online. Subscribe to Our YouTube Channel Out of Town Legal Resources We can help you with many different types of litigation funding, but we cannot provide legal assistance. We are constantly looking for attorneys and online resources that can help people across the USA. There is a personal injury lawyer in Pittsburgh, PA that did a great job with their online legal resources. If you are injured in a truck accident in Pennsylvania check out their online truck accident resources.