The Lowdown on Receiving a Settlement Advance
by: Joshua Shapiro
After an injury, it is often very difficult to get back on your feet and get your financial house back in order. This is especially the case if you live paycheck to paycheck like most people. Once you become injured and miss a little time from work, it is as if you are drowning, desperately trying to grasp at anything that will keep you afloat until your case is settled and you get some relief. When you are going through this process, it seems help is miles away. However, you may have an option you do not realize. You may be able to receive a cash advance on your settlement proceeds which will not have to be repaid until your case is finalized. This could provide much needed resources until the money from your settlement comes through.
There are several different companies that offer settlement advances, more so in the last few years as the trend as really caught on. You may check on the internet to find just how many you have at your disposal. The ball is in your court, so you can pick and choose which company offers the better deal.
While a settlement cash advance may be a godsend, there may be one small glitch. In many circumstances, your attorney may have to approve the advance before you can actually get it. For this reason, you may want to run the idea by your attorney before getting too far in the process. You do not want to get the ball rolling only to have it stopped short by a disagreeable attorney. However, in some states you may not have to pass this technical requirement, which is considerably more advantageous than the alternative. Even with the red tape, a settlement advance may be very beneficial.
About The Author:
Joshua Shapiro
To learn more about what a settlement advance is, Joshua Shapiro recommends Structured Settlement Sell. Please see http://www.structuredsettlementsell.com/articles/definitions/what_is_a_settlement_advance.html for more information.
August 2006
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