The loan needs to be repaid once you win in court or receive a settlement, and your lawyer receives the litigation proceeds. We won’t require monthly or interim payments until that point.
Toronto, Ontario (PRWEB) January 17, 2014
Easy Legal Finance Inc. has fixed the minimum advance amount for their personal injury litigation loans at $1500. They typically fund approximately 10-15% of the estimate of a claim's value, enabling clients to meet short term bills, they help them ease the immediate financial stress resulting from their lack of capacity to earn due to injury.
“The loan needs to be repaid once you win in court or receive a settlement, and your lawyer receives the litigation proceeds. We won’t require monthly or interim payments until that point. This allows you to use the litigation funding for the expenses of your choosing. The loans are non-recourse and one need not pay if they lose the case,” commented a senior executive with the company.
When providing the loans, Easy Legal Finance Inc. requires no proof of income, proof of employment, credit check or application fee. An administration fee ($375 plus + HST/applicable taxes), is payable only if a litigation loan is advanced and only when the loan is repaid. There is one interest rate for the life of the loan which means no change in cost. If the settlement does not occur or the client loses the case, they need not repay the loan or pay any interest on the funds.
The financial stress of waiting for litigation to conclude in Canada can be devastating. The executive said, “The loan will supplement your income helping you to focus your energy on the claim. The loan application is processed quickly and a decision taken in 24-48 hours. You may opt for a one-time lump sum or a monthly stipend.”
One can get started by speaking to a lawyer and completing a quick and easy settlement loan application. A team of professionals guides the applicants through the process, discussing the lawsuit details with the personal injury lawyer and gathering additional information. Know more here how litigation financing needs of the applicants are met. An application is reviewed, reasonable value of the personal injury settlement is determined and a loan offered. Go to the website or more information on personal injury settlement financing plans.
About the Company
Easy Legal Finance Inc. specializes in personal injury lawsuit funding allowing plaintiffs to survive the demanding period. They offer loans only on the basis of their case assessment, without any proof of income or employment. When it comes to plaintiff-friendly litigation funding, they are a trusted company of litigants finding themselves in financial distress. See page line for more information on Easy Legal Finance disbursement loans. View website of Easy Legal Finance, Inc. for all that is required to apply for litigation financing.
Easy Legal Finance Inc.
TD Canada Trust Tower
161 Bay Street, 27th Floor
PO Box 508 Toronto Ontario M5J 2S1