Page last updated
Sat, 17 Nov 2007 at 6:05 PM

Margaret's Story

Margaret Smith was a single mother of 3, living from paycheck to paycheck. One day, after dropping off her kids at school, a truck from a local shipping company ran a stop sign and crashed into Margaret's car.

After 2 weeks in the hospital, Margaret went home, but still needed a lot of rest and couldn't go back to work for another 3 weeks. She soon became financially desperate. She hadn't gotten a paycheck for 5 weeks, and wouldn't get paid again until she returned to work.

While she was recuperating, Margaret saw a commercial from a local law firm that specialized in accidents. She wound up hiring the firm and was now suing the shipping company for $200,000.

But Margaret was 2 months behind on her mortgage and 3 months behind on her car payments. And to add insult to injury, it was December and she didn't even have enough money to buy Christmas presents for her 3 children.

Margaret didn't have time to wait for her court hearing, which would take at least 9 months. She did what most people in her situation would do. She called her attorney and asked if they could settle the case now... for any amount. This is exactly what the insurance company was counting on. People need the money so badly that they'll take a lot less to settle the case early.

But Margaret was lucky. Her attorney referred her to EZ Lawsuit Cash Advance. She went ahead and filled out the form and we contacted her during the time that was best for her. We explained how it all worked and what documentation was needed — it's not a loan, but a non-recourse cash advance that would be paid back only if she won the case. Margaret called us back with a few other questions, then faxed in the following documents for our underwriting department to review:

1. Sign a records release form that was already printed for her.
2. Send a photocopy of her agreement with her attorney.
3. Provide a photocopy of the police report showing she was not at fault.
4. Provide a copy of her medical records showing she was injured in the accident.
5. Provide proof that the defendant had insurance, which she got from her attorney.
6. Provide a copy of the lawsuit papers.

Margaret faxed all the information to us, and in less than 48 hours, Federal Express delivered her the check for $20,000, without any major deductions or expenses.

It was that simple. She didn't have to make any monthly payments. She only had to pay it back after the lawsuit was settled in the future. In the unlikely event that she lost her case, she would not have to pay back anything. Margaret was now able to hold out and get the money she really needed.

 
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