I got a phone call from my friend, Claire, today. She got into an accident about a month ago and she suffered some injury – and she needed to stay at home and rest from work for a couple of weeks.
She’s having some problems with her finances right now. Not only did the accident bring unexpected expenses (such as medicine, therapy and more), she also do not have enough leave credits at work (after using it all during her vacation in Europe recently) and wouldn’t expect an income until she gets to work again. Now, she’s suing the insurance company for trying all the ways not to pay her – just when she needs the money the most.
Today, she was so happy that she was able to qualify for lawsuit cash advances. Technically speaking, it is not a cash advance or loan so she doesn’t need to worry about settling it in the future. She basically “sold” a portion of the proceeds that she would get once she wins her case against the insurance company.
This type of transaction is so new to me but as long as it will help my friend, I have no problems about it – I am even thankful. At least, Claire can now pay-off her mortgage and have enough money while she’s getting her treatments.
Get well soon, Claire!