Understanding Settlement Lending: A Financial Lifeline for Plaintiffs | |
Settlement lending is a financial service that provides plaintiffs with cash advances while they await the resolution of a lawsuit or settlement. This type of lending is particularly useful for individuals facing financial difficulties due to medical bills, lost wages, or other expenses while their legal case is pending. Unlike traditional loans, settlement lending is non-recourse, meaning repayment is only required if the plaintiff wins the case or receives a settlement. | |
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