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Questions & Answers
Does anyone have experience with advance loans on lawsuit settlements?
My lawyer says he cannot ethically give information to an advance loan company & the loan cannot go forward without his cooperation but he's had my case since September of 2005 without results. Not even a response from the insurance company involved since he made the first demand in August 2007. I don't think my case is very important to him & I really need the money. There seems to be no recourse to make him take some action. Very frustrating.
The state bar has informed lawyers that we should not give advice to accept an advance loan. The interest rates are so high that its unethical and predatory lending in my opinion. Ask your lawyer to get a move on it....Ask to see the letters where your lawyer is demanding a response to your settlement offer.
The loan is most likely without recourse, meaning you don't have to pay it back if you don't win.
The comments about the lawyer not having confidence is not accurate, as the loan company makes the decision regardless of what the attorney says or does.
Are those payday cash advance loans a fraud?
You know those ads for payday cash advance, "get fast payday loan" where they say they will put funds in you bank acct by the next day - are those trustable??? Or can it get you in trouble. Any info would be appreciated.
what abt if I just need a small amt of like $300 which i can pay back next month?
There are multiple payday cash advance places around here (pacific NW) that are completely trustworthy. So if they approve you, that's it. You have the money.
Keep in mind that these cash advance loans have an EXTREMELY high interest rate so because of that, it's best to avoid them. So fraud, no. But usury, yes.
what really happens if you don't pay back the cash advance loans?
i got two different cash advance loans and i closed my account, so what's going to happen now?
Can you say "legal action"? And "fraud"? (if you don't pay them back)
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