Loans on PI Cases PDF

LOANS ON PI CASES HIgh rise and FCA POR BORCELLE Why do we ask for loans? Personal injury cases can lead to unexpected medical expenses, loss of income due to inability to work, and other financial burdens. Clients may require immediate funds to cover these costs, especially if the case takes tim...

LOANS ON PI CASES HIgh rise and FCA POR BORCELLE Why do we ask for loans? Personal injury cases can lead to unexpected medical expenses, loss of income due to inability to work, and other financial burdens. Clients may require immediate funds to cover these costs, especially if the case takes time to settle. It's important to note that while requesting loans or advances may seem like a practical solution, clients should carefully consider the terms and implications of such arrangements. If a case has a lien with one financial company, and you wish to seek an additional loan from another funding company, the new company will be required to settle the lien with the first one before releasing the loan. It's important to note that only one financial company can hold a lien on the case at any given time. We use: HIGH RISE FINANCIAL email: [email protected] You should send an email with the case details and the amount of loan your client is asking for or is needed for the case. FUND CAPITAL AMERICA Website link Go into the website link and fill the form Once the purchase agreement is signed and in dropbox, make sure to FILL THE LIEN TAB ON FILEVINE A loan cannot be more than 5% of the expected case recovery Always talk to your manager if a client is requesting a loan or advance