Beware Lawsuit Cash Advances
Because lawsuits can takes months or years to resolve, some clients are tempted to take out cash advances on their lawsuit or injury claim. These agencies allow a person to borrow against their lawsuit before it settles or goes to trial. If a case goes south, they don’t have to pay anything back. This can sound enticing, but the main issue is that these agencies charge a very high interest rate for this advance. As a Beaverton personal injury attorney, a person should think very long and hard before taking out such an advance.
Insurance companies delay lawsuits or drag their feet because they know an injured person needs money. They are hoping you get desperate and settle for far less than you deserve. By remaining diligent and working with a Beaverton Personal Injury Attorney, a person can be sure they are maximizing their chances at receiving the most money possible for their injury claim.
If a person uses these cash advances too much, they may find that there is little to nothing left when a case does finally settle or go to trial. A lawyer will be obligated to pay these companies back before dispersing the money to a client, so there is no way to avoid paying the bill. If you do choose to take out one of these loans or cash advances, it is best to keep these amounts as small as possible.
If you have been injured in an accident, a Beaverton personal injury attorney at Johnson Law can help. We will aggressively fight for every penny you deserve, working diligently to maximize your settlement or verdict. To speak with a lawyer about your injury accident, contact Johnson Law today for a free consultation.