A lawsuit pre-settlement loan may be availed on about fifty cases that cover most areas. Negligence, Jones Act and breach of contract are a few examples. These pre-settlement loans come in very useful for people to get their expenses covered. They are non-recourse loans and there are great tax benefits too, as it is income exempt.
Lawsuit pre-settlement loan is given to plaintiffs regardless of credit history. This makes it a viable option because people fighting settlement cases may fall in financial doldrums. They have to pay the amount only if they win the settlement case. In that case however, the interests are on the high side. This is the only positive factor for the providing side.
If one loses, one just has to part with a slight corollary. The fact that expense may be done on any thing and without any inspection is very enticing. Regular defaulters may find it hard to get this loan though.