Judgement Advances

Written by Michael O'Brien
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Judgment advances work much the same way as salary advances. When you ask for a salary advance at work, it is because you need a certain sum of money now to cover some kind of expense. The understanding is that you will repay that money in the form of future work. The same is true with judgment advances. In this situation, however, the money will be paid back in the form of a court awarded settlement.

Judgement Advances: Claims against Future Awards

Judgment advances are granted to plaintiffs who have an immediate need for the monetary compensation they have been awarded in court or by settlement. Certain circumstances sometimes prohibit payment of that money in as timely a basis as is desired or needed. A cash advance can be granted to cover this. Many companies offer such cash advances with the understanding that repayment will take place as the judgment claim is received.

Personal injury or property damage situations are areas where advances in judgment claims can be particularly necessary. Money to cover immediate medical care is one of the more obvious necessities. Covering damage to a vehicle can also be an immediate need. If someone can't earn a living because he or she has no means of transportation, this can be a real problem. Property damage, like broken windows may also need quick attention.

Out of Luck

Unfortunately, finding a defendant guilty and forcing that person to pay a certain amount in damages is not always a victory. If the person can't pay, then what does the victim do? Sending the defendant to prison won't cover the bills. This is where cash advances against future monetary compensation become essential.


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