Lawsuit Cash Advances
by
Lawsuit Cash Advance LLC
Frequently Asked Questions (FAQs)
We offer Lawsuit Cash Advances
to Auto Accident Victims. Please read the following
FAQs on lawsuit cash advances to better understand
how lawsuit cash advances for auto accidents work.
Q. How do I get a cash
advance?
A. You and your attorney need to complete and submit
questionnaires. You may complete a questionnaire on-line
or it may be downloaded and printed out to be faxed
to us at 612-455-1583. You may call our toll free
number (800) 781-0777 to apply or to ask questions
regarding the application process. We will also request
supporting documentation from your attorney.
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Q.
When will I receive the funds?
A. We generally issue a check or
ACH transfer within 24 hours of receiving the completed
and signed questionnaires from you and your attorney,
the requested documents supporting your claim and
the signed Funding Agreement.
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What
type of information will Lawsuit Cash Advance need
to evaluate my case?
A. We may request some of the following
from your attorney: police report or incident report,
doctors' bills, medical records, legal documents.
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Q.
Who is eligible to get an advance from Lawsuit Cash
Advance?
A. Any adult who has a serious
personal injury and an attorney working on his/her
case may be eligible.
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Q.
How does Lawsuit Cash Advance determine how much it
will advance?
A. Lawsuit Cash Advance will evaluate
each case to determine the value of the case and the
appropriate advance amount. Our industry experts utilize
the latest in case valuation methodologies and are
able to make an independent and objective analysis.
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Q.
What types of cases does Lawsuit Cash Advance provide
advance funding for?
A. Typically, Lawsuit Cash Advance
will advance in cases that involve personal injury
such as, motor vehicle accidents, medical malpractice
claims and slip and fall accidents where the victim is represented by an attorney.
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Q.
Is it legal to provide advance lawsuit funding?
A. Yes. Lawsuit Cash Advance provides
cash advances to you and gets paid from the proceeds
of your case. You make no monthly payments! If you
get nothing as a result of your claim or case you
owe Lawsuit Cash Advance nothing and the money that
was advanced is yours to keep, FREE.
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Q.
Will I have to sign any documents?
A. Yes. You will need to sign an
application and the Funding Agreement.
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Q.
Will my attorney be required to sign any documents?
A. Yes. Your attorney will need
to sign the Attorney Questionnaire and the Funding
Agreement.
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Q.
Do I have to make monthly payments?
A. No. There are no monthly payments.
Lawsuit Cash Advance gets paid only from the proceeds
of your case.
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Q.
Are there any up front fees?
A. No. There are no up front fees
charged to you.
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Q.
What if I lose my case, will I still have to repay
the advanced amount?
A. No. If you lose your case, the
money we advanced to you is yours to keep. No strings
attached.
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Q.
Does Lawsuit Cash Advance become involved in my case
if I get an advance?
A. No. Lawsuit Cash Advance will
play no role in the management of your case. You and
your lawyer make all the decisions regarding your
case: when to litigate, when to settle, and how much
to settle for.
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Q.
Will Lawsuit Cash Advance get paid before my attorney?
A. No. We will get paid AFTER your
attorney is paid and AFTER any prior liens, such as
medical bills, are paid.
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Q.
Why can't my attorney just give me an advance?
A. The American Bar Association
generally prohibits attorneys from providing money
to clients for anything but case expenses.
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Q.
Can I get more than one advance on my case from Lawsuit
Cash Advance?
A. Yes. We encourage our clients
to obtain as little money as they need, and only when
they need it. This way your necessities are met and
the fees charged to you are minimized. If you request
an additional advance we will re-evaluate your case
to determine if another advance can be granted.
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Q.
What are the rates for an advance?
A. Our rates depend on the strength
of your case. Once we have had a chance to review
your case information from your attorney we can give
you a quote. In general, our rates range from 3.99%
to 5.99% per month depending on the case type, underwriting
information received, and other facts of the case.
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Q.
What cases will not be funded?
A. We are unable to fund cases
involving minors, Ohio claims, and cases with applicants
who are in bankruptcy or filing for bankruptcy Cases that do not meet company Underwriting guidelines.
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Q.
Do I have to be a U.S. citizen?
A. You must be either a U.S. citizen
or a permanent resident of the U.S.
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Q. Why do you need
my social security number?
A. For identification purposes
only.
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Q.
What is your privacy policy?
At LCA, we respect the privacy
and concerns of our clients. This notice will help
you understand what information we collect and how
we safeguard the information. When you apply for a
cash advance from LCA, you will need to disclose a
certain amount of information to allow us to properly
evaluate your request. It is the policy of LCA to
maintain strict confidentiality regarding all information
obtained in the course of our business.
We collect only the information
necessary to conduct our business. LCA maintains physical,
electronic and procedural safeguards to protect personal
information and to prevent unauthorized access to
that information.
LCA may disclose personal information
provided under certain circumstances. These circumstances
include situations in which we are permitted or required
to share non-public personal information about you,
including but not limited to sharing information with
regulatory agencies; law enforcement; persons authorized
by databases, websites, and security systems; and
bureaus that assist us in verifying information.
At LCA, we will do our best to
protect personal information collected in the course
and scope of our business. However, we cannot warrant
or guarantee the absolute security of information
provided to us.
We reserve
the right to change this policy at any time without
notice.
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