It is technically not a loan but it works in a similar way.
What we offer is also called "a non-recourse cash advance" against your potential lawsuit settlement.
Non-recourse means that if you "lose" your lawsuit, and you don't get a settlement, you owe us nothing. This is the key difference between a lawsuit loan and a traditional loan.
Because repayment is not required if you lose your case, a non-recourse cash advance is typically considered by our clients to be far more appealing than a loan.
WE CALL IT A LOAN SIMPLY BECAUSE THAT'S WHAT MOST PEOPLE ASSOCIATE IT WITH
We know from market research that when folks are looking for what we offer – a cash advance on a pending lawsuit settlement – they most often think of it as a loan, and so that's what they search for.
We want to make sure that these folks can find what they are looking for, which is why we often refer to what we provide as "lawsuit loans".
If you have an more question don't hesitate to reach out.
Comments