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Bernard Tully Personal Injury Lawyer. Phone: 412-281-8700
Personal injury attorney Bernie Tully here, reaching out to share an important cautionary note about advanced funding companies that you might have seen advertised on TV. These companies often reach out to individuals involved in injury cases, offering quick financial assistance. Today, I want to shed light on the potential pitfalls associated with such offers.
The Scenario
Imagine you’ve been in an accident, and we’re representing you in a lawsuit. These advanced funding companies actively search for names associated with filed lawsuits at the courthouse. Once they identify potential clients, they reach out directly, promising to provide a loan ranging from three to five thousand dollars. It might sound like a great solution at first glance…
However, there’s a significant catch. When it comes time to repay the loan, the amount demanded can be outrageous, sometimes two to three times the initially borrowed sum. This inflated repayment is particularly concerning if your case extends over an extended period.
Our Advice
Our firm strongly advises clients to steer clear of these advanced funding companies at all costs. While the immediate financial relief may seem tempting, the long-term consequences can be financially burdensome. We liken the situation to avoiding the plague – the exorbitant fees charged by these companies make them an unfavorable option for those seeking fair and just compensation.
Exceptional Circumstances
We acknowledge that there might be extreme circumstances where considering such funding becomes a last resort. For instance, if essential services like electricity are at risk of being shut off in your home. However, even in these dire situations, careful consideration and exploration of alternative options are crucial.
Steer Clear of Advanced Funding Companies
In conclusion, our stance on advanced funding companies is clear – avoid them whenever possible. The exorbitant charges they impose make them an unfavorable choice for individuals seeking financial assistance during the course of a lawsuit. As your legal advocate, I, Bernie Tully, am here to help and guide you through the complexities of your case.
Our main focus is honesty. We always preach it. We are passionate about trying to help any injured person or family member with their case. Questions about the blog? CALL US!
Bernard Tully Allegheny Personal Injury Lawyer. Phone: 412-281-8700 and 1-800-518-005
