Toronto, ON -- (SBWIRE) -- 01/30/2014 -- Plaintiffs that have filed for damages in a personal injury lawsuit often find themselves in a financial bind. Serious injuries may force them out of employment and with medical bills piling up and other expenses continuing, they require funds to sustain themselves until the time of settlement. Easy Legal Finance Inc. offers quick non-recourse funds to clients.
“Dealing with financial stress may be devastating for people. When there is no source of income but the expenses continue, the savings won’t last for long. In such a case, plaintiffs may be forced to settle with the defendants for less than they are entitled to because they simply lack the means to go on,” commented a senior executive with the company.
Plaintiffs find lawsuit loans easy to get from Easy Legal Finance Inc. There are no credit or background checks performed or an income verification to provide as with conventional loans. The amount of pre-settlement funding may be enough to pay the continuing obligations, allowing the plaintiffs to focus on the lawsuit. Funds sanctioned depend on the particulars of the claim. The process is simple and hassle-free, with personnel from the company closely assisting the clients at every stage.
As for the repayment, the clients only pay back the loan plus interest to the funding company when they win the lawsuit or settle the case out of court. The executive added, “In case you lose, you need not repay anything. Moreover, you need not begin paying right after receiving the loan. The arrangement won’t put any additional burden on you making it, for many people, the right financial product in the circumstances.”
Applications for lawsuit loans can be sent online, and forms must be signed by the applicant’s lawyer. The company will talk to the lawyer to determine the merits of the case and sanction a loan depending on an estimated settlement. The clients can make the choice of a monthly stipend or one-time lump sum. There is one interest rate for the life of the loan while the term of the loan is a minimum of 6 months. Get more info here on lawsuit loans the company offers.
About Easy Legal Finance Inc
Easy Legal Finance Inc. is a fast growing company in the Greater Toronto area for lawsuit lending. They offer clients quick financing that lets them hold out for the fair value of a case. Some major advantages of their lawsuit funding are no monthly payments, no upfront fees, and no credit checks or employment history verification. Their lawsuit loans are a great help for those who find themselves in financial distress after an accident.
Easy Legal Finance Inc.
TD Canada Trust Tower
161 Bay Street, 27th Floor
PO Box 508 Toronto Ontario M5J 2S1