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I am looking for a loan of 拢60k until my legal case is finished. Any advice? |
I currently have a case going on that is likely to settle within the next 6 months, worse case scenari is 拢500,000 GBP, but expected to be 7 figures. All I want to know is what sort of a case it is! There are no sure things or guarantees when it comes to litigation. A lawsuit can go either way. For a lender to make a loan on such a venture would be very risky. If you lose your lawsuit, then the lender has no recourse unless you have other assets which you can pledge. If a private lender would be interested, they would likely want a percentage of any settlement. That could cost much more than conventional loans. If you can tough it out, you will be much better off, provided you win your case. |
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