Lawsuit Loans in Las Vegas:
How To Make the Most Out Of It


Lawsuit Loans Controversy

Lawsuit Loans in Las Vegas, Nevada

If you search the Internet, you may find tons of negative articles about lawsuit loans. Most of the complaints are about ridiculously high interest rates. In this article we will explain the rational behind lawsuit loans, how to avoid paying high rates on a lawsuit loan and get your your loan processed with 24 - 48 hours.

If, after reading this article, you still have questions or want to apply for a lawsuit loan with our company, call us at (702) 779-9020. We are a licensed in Nevada lawsuit loan lender and we are geared towards car lawsuit loans.

Rates for Lawsuit Loans

There are many people that utilize the convenience of a lawsuit loan, but a few month later get blindsided by outrageous interest rates and processing fees. This is because most lawsuit loan companies you find on the Internet are Not licensed in your state which means - they are Not regulated by the government.

The loan company that doesn't have a license to issue a loans in your state can charge any rate they want, the sky is the limit; some will charge 100 percent on a loan and even more.

If you want avoid paying such high interest, always look for a licensed lawsuit loans company.

Pros of Lawsuit Loans

Being involved in a car accident is one of the most traumatic experiences anyone must undergo. As a result, the majority of people that contact our office to obtain a lawsuit loan have collected numerous amounts of injuries. Injuries on a person can have a devastating effect of not only the person's health but also their livelihood. Depending on the seriousness of the injury many people are unable to return to work. A personal injury lawsuit loan can provide financial relief while your case is pending. You will have the capability of requesting a cash advance on your settlement to help with daily living expenses till you are able to return to work.

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Cons of Lawsuit Loans

One major factor to consider when acquiring a loan is the time from when the loan was received to when the individual's case settles. This is because the longer the loan is active, the more you will be required to pay in interest. For example, if a person receives a loan and their case is settled in one year, they will be paying less in interest than someone that has an active loan for two or three years. This is one aspect we advise our customers to consider before accepting any loan from us or any other company.

What Questions to Ask?

When applying for a cash advance loan on your lawsuit a few key questions everyone should ask their potential lender.

  • First, is your company regulated or licensed and if so by whom? This is an important question because if a company is not regulated or licensed. they have the freedom of taking advantage of their client with no repercussions.
  • Second, are you a local company? Local company will process your loans within 24-48 hours. If you were to apply with an out of state lawsuit loan or online company, the application process alone could take days to a few weeks and during this time many things can change.
  • Third, what are your interest rates and how will time affect these rates? This is one of the most important questions to ask lenders.
    You are paying an annual interest on a loan, similar to what you pay on most credit cards and if you expect to keep this loan for two or three years, the lawsuit loan may end up being expensive - every year you will pay an interest for the year. Lawsuit loans work better for clients who need a loan short term, 6 - 12 months.
  • Last, ask what Other Fees do you charge? Some companies charge application fees, processing fees, yearly renewal fees, etc..

The more you understand how lenders interest rates accumulates - the better you can avoid an unexpected chunk missing from your overall settlement.

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What Makes Us Different

Our company is regulated by the State of Nevada Department of Business and Finance. This means we must abide by strict regulation and limitation. For example, NRS 675.280 states "A Licensee shall not advertise or permit to be advertised in any manner whatsoever of any false, misleading or deceptive statement or representation regarding the rates, terms or conditions for loans."

Knowledge is power. We are strong advocates of letting individuals know the dangers of acquiring a loan from an unlicensed / unregulated lawsuit loan company. If you would like to learn more about our regulations, please visit the following link: http://www.leg.state.nv.us/NRS/NRS-675.html.

Another truth about us - we will never pressure or manipulate anyone into accepting a loan they are not comfortable with. We simply list the facts of the loan and what you can expect to pay when your case settles. If you decide not to accept the terms and conditions of the loan, we will simply cancel your application with no charge or hidden application fees to you.

We are catered towards motor vehicle accidents in Nevada only. This means because we are local we can provide better and faster service to our customers. Once your application has been reviewed and you have accepted the terms and conditions of the loan, you will be able to pick up your cash advance check at your attorney’s office the same day or the following afternoon depending on when your attorney faxed or e-mailed us the necessary documents we require.

We pride ourselves with great customer service and speedy results.

We hope to be the pioneers that change the stigma that has plagued the lawsuit loan community.

You can apply for a loan by filling out an application on this website or calling our office at (702) 779-9020.

We are based in Las Vegas, Nevada.


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