Toronto, Ontario (PRWEB) February 13, 2014
Easy Legal Finance Inc. has fixed the minimum loan size of their non-recourse litigation loans at $1500. The applicants may choose to receive the loan through a check or get it deposited in their account.
“The process begins with a straightforward application which can be filled out online by a plaintiff who has filed for damages in a personal injury case. We do not require any collateral, credit check, income verification or proof of employment for obtaining the loan. Our experts will speak with your personal injury lawyer to review the case and determine whether the case qualifies for a loan,” commented a senior executive with the company.
Easy Legal Finance Inc. requires the applicants to sign a few simple loan documents, acknowledged by their lawyer. The loan, if sanctioned, needs to be repaid only after the settlement amount is received or a judgement is won in court. It is the lawyer’s responsibility to direct the payments owing to the lender from the proceeds of the settlement. A team of professionals guides the applicants through the process, making applying for a loan a hassle-free process. If the clients lose in litigation, they need not repay the advance or any interest.
An administration fee of $375 plus applicable taxes is charged only if the loan is advanced and it is required to be repaid. The executive added, “The minimum term for the loan is 6 months, while there is no maximum term. An interest rate of 2% per month is charged, compounded semi-annually. There is no increase in the interest rate throughout the life of the loan.”
People who are out of employment and who do not have any assets or have a low credit score are still eligible to apply for financial assistance from Easy Legal Finance Inc. The company typically makes loan disbursement of approximately 10-15% of their estimate of the claim's value. When it comes to fast and easy settlement loans, they are among the frontline companies.
About the Company
Easy Legal Finance Inc. provides quick non-recourse funds during the pre-settlement stage of trial. They talk to the applicants’ personal injury lawyers Toronto to determine the merits of the case. They provide settlement financing to help clients manage their short-term bills and ease their immediate financial stress. Litigants are free to use the litigation loan toward the daily expenses of their choice.
Easy Legal Finance Inc.
TD Canada Trust Tower
161 Bay Street, 27th Floor
PO Box 508 Toronto Ontario M5J 2S1