- Injured plaintiffs may turn to a lawsuit lender when they’ve been out of work for a considerable amount of time and cannot borrow money from family or friends.
- Another reason injured plaintiffs become desperate and turn to a lawsuit lender is because it can take months or years to settle a personal injury case.
- Lawsuit lenders’ prices are usually unadvertised, allowing for additional fees and higher rates.
- While accepted worker’s compensation claims pay for ongoing medical expenses, some worker’s compensation plaintiffs still seek lawsuit loans.
This blog is an effort to keep you informed of ongoing changes, important news and information about accident and personal injury related laws. The law practice of Greenman, Goldberg, Raby and Martinez (GGRM Law Firm) aims to use this blog as our communications platform. We want to not only inform and educate, but open dialogue between our Las Vegas, Nevada law firm and the clients we serve. Check back often for blog posts concerning laws and news regarding personal injury and worker’s compensation in Nevada. We couple our 40 years of experience with the current accident and personal injury issues of today to provide you with “news you can use”. You can look to this blog for expert legal insight; especially with regard to worker’s compensation and personal injury law. For example, on January 16, 2011 the New York Times wrote an article about the unregulated business of lawsuit loans. This is the practice of loaning money to plaintiffs in personal injury lawsuits, which typically results in dire financial problems due to high interest rates and difficult terms: