If you're an individual recently injured in an auto accident, you may be wondering with your case qualifies for a lawsuit loan. If you have been involved in an auto accident, we would ask that you carefully read this article to find out ways in which you can greatly increase your chances of obtaining the loan you seek.
One of the keys to increasing your chances of obtaining a lawsuit loan, is finding a good broker. If you do find a good broker, you may be confident in knowing that that broker will do everything in his power to assist you in obtaining your funding as quickly as possible! The benefit of course in using a broker over going directly to a lender, is the fact that with a broker, you will not be limited to one source of funding, as you would be if you went directly with a lender.
If you intend to obtain that funding as quickly as possible, it will be necessary to you for you to work very closely with your broker. If you work closely with your broker in obtaining the necessary documents that may be reviewed to assess both strengths and weaknesses of your case, this will greatly increase the speed at which the determination may be made as to whether your case is appropriate for funding.
It is important for you, when you're seeking that broker, to look for one who is experienced in handling cases such as the one that you're presenting. If your broker is experienced in such cases, it will not only increase the speed at which you may obtain your loan, but it will also increase your opportunity to obtain the best possible sources of funding available for that loan.
If you're injury occurred as a result of an auto accident, it is very likely that your claim will be classified as an "Auto Accident" case. If you were injured in an auto accident and wish to obtain the most successful outcome and quickest response to your request for funding, it will be necessary for you to obtain and submit specific documents:
Police report: The police report is essential in identifying the parties that are responsible for the injury sustained. Your broker, upon reviewing the police report, will likely be able to identify not only the parties injured, but also the parties responsible for the injuries sustained. The police report will also identify information related to the insurance carrier, any observations recorded at the scene, as well as additional documentation. (In many police reports, no injuries will be reported. One should not be concerned regarding the absence of such reporting. It is important to recall that police officers are not trained in the evaluation and diagnosis of injuries that may occur as a result of auto accidents. It is often the case that police officers conclude that there are no injuries at the scene merely because no blood is observed, there is no evidence of broken bones, and the parties are able to exit their vehicles without assistance.)
Insurance information regarding adverse parties: In most cases, the individual who caused the injuries is referred to as an adverse party. To determine what party will be responsible for paying any judgment awarded, it will be necessary to clearly identify that adverse party.
Demand Letter and Medical Expense Summary: If you intend to obtain a settlement, it will be necessary for you to demonstrate what damages you sustained. The Medical Expense Summary will be a good way for you to convey that information. Your attorney will prepare the Demand Letter, a document that will be submitted to the payer (e.g. insurance company) for review and to allow the party deemed responsible an opportunity to determine whether they intend to offer some money on the claim or intend to deny that claim. If the latter occurs, it is very likely that this case will be submitted for litigation. Litigation is merely a term that's used to indicate that the case will be going either to court or to an administrative proceeding.
The Medical Expense Summary would customarily include hospital/emergency room records (e.g., admission, discharge summaries; and operative reports) and doctor's reports. It is very important to disclose the foregoing information. If that information is misrepresented, it may severely compromise your settlement.
You must include information regarding insurance coverage that you have: To provide the lawsuit loan for which you submitted your request, it is imperative that the broker know about the insurance coverage you personally have. You may find that your case will not be funded if you fail to provide such information. Claimant's often find that, at the end of their claim, a very unpleasant situation awaits them. Subrogation is a process that allows insurance carriers and other payers who have provided any funding whatsoever for injuries sustained to recoup monies paid. In such instances, it is necessary that those monies be repaid prior to obtaining any additional funds. If you wish to have a successful outcome regarding your lawsuit loan application, it is very important to clearly identify any insurance coverage that you personally have.
Verify pay off on prior loans/advances, if any: It is very important for you to be candid regarding loans/advances if obtained prior to your request for a lawsuit settlement loan. This information must be evaluated to determine the propriety of providing additional funding in your case.
If you want to increase the speed at which your lawsuit loan is provided, work very closely with your broker! Many brokers are going to allow you to submit the documents to them without further expense to you by providing a toll-free number. In most cases, requested documents may easily be submitted to the broker via either facsimile or e-mail. - 30462
One of the keys to increasing your chances of obtaining a lawsuit loan, is finding a good broker. If you do find a good broker, you may be confident in knowing that that broker will do everything in his power to assist you in obtaining your funding as quickly as possible! The benefit of course in using a broker over going directly to a lender, is the fact that with a broker, you will not be limited to one source of funding, as you would be if you went directly with a lender.
If you intend to obtain that funding as quickly as possible, it will be necessary to you for you to work very closely with your broker. If you work closely with your broker in obtaining the necessary documents that may be reviewed to assess both strengths and weaknesses of your case, this will greatly increase the speed at which the determination may be made as to whether your case is appropriate for funding.
It is important for you, when you're seeking that broker, to look for one who is experienced in handling cases such as the one that you're presenting. If your broker is experienced in such cases, it will not only increase the speed at which you may obtain your loan, but it will also increase your opportunity to obtain the best possible sources of funding available for that loan.
If you're injury occurred as a result of an auto accident, it is very likely that your claim will be classified as an "Auto Accident" case. If you were injured in an auto accident and wish to obtain the most successful outcome and quickest response to your request for funding, it will be necessary for you to obtain and submit specific documents:
Police report: The police report is essential in identifying the parties that are responsible for the injury sustained. Your broker, upon reviewing the police report, will likely be able to identify not only the parties injured, but also the parties responsible for the injuries sustained. The police report will also identify information related to the insurance carrier, any observations recorded at the scene, as well as additional documentation. (In many police reports, no injuries will be reported. One should not be concerned regarding the absence of such reporting. It is important to recall that police officers are not trained in the evaluation and diagnosis of injuries that may occur as a result of auto accidents. It is often the case that police officers conclude that there are no injuries at the scene merely because no blood is observed, there is no evidence of broken bones, and the parties are able to exit their vehicles without assistance.)
Insurance information regarding adverse parties: In most cases, the individual who caused the injuries is referred to as an adverse party. To determine what party will be responsible for paying any judgment awarded, it will be necessary to clearly identify that adverse party.
Demand Letter and Medical Expense Summary: If you intend to obtain a settlement, it will be necessary for you to demonstrate what damages you sustained. The Medical Expense Summary will be a good way for you to convey that information. Your attorney will prepare the Demand Letter, a document that will be submitted to the payer (e.g. insurance company) for review and to allow the party deemed responsible an opportunity to determine whether they intend to offer some money on the claim or intend to deny that claim. If the latter occurs, it is very likely that this case will be submitted for litigation. Litigation is merely a term that's used to indicate that the case will be going either to court or to an administrative proceeding.
The Medical Expense Summary would customarily include hospital/emergency room records (e.g., admission, discharge summaries; and operative reports) and doctor's reports. It is very important to disclose the foregoing information. If that information is misrepresented, it may severely compromise your settlement.
You must include information regarding insurance coverage that you have: To provide the lawsuit loan for which you submitted your request, it is imperative that the broker know about the insurance coverage you personally have. You may find that your case will not be funded if you fail to provide such information. Claimant's often find that, at the end of their claim, a very unpleasant situation awaits them. Subrogation is a process that allows insurance carriers and other payers who have provided any funding whatsoever for injuries sustained to recoup monies paid. In such instances, it is necessary that those monies be repaid prior to obtaining any additional funds. If you wish to have a successful outcome regarding your lawsuit loan application, it is very important to clearly identify any insurance coverage that you personally have.
Verify pay off on prior loans/advances, if any: It is very important for you to be candid regarding loans/advances if obtained prior to your request for a lawsuit settlement loan. This information must be evaluated to determine the propriety of providing additional funding in your case.
If you want to increase the speed at which your lawsuit loan is provided, work very closely with your broker! Many brokers are going to allow you to submit the documents to them without further expense to you by providing a toll-free number. In most cases, requested documents may easily be submitted to the broker via either facsimile or e-mail. - 30462
About the Author:
Learn more about lawsuit loans. Stop by Dr. Tom Rhudy's site where you can find out all about the benefits of obtaining a lawsuit loan and what it can do for you.
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