Late Payments Hurt Your Credit Score. Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lender immediately and discuss how to handle late payments.
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Borrowing against a future settlement or judgment can help you deal with short-term financial hurdles but may cost you a lot of money in the long run. Make sure you do your homework and understand the cost of getting a lawsuit loan. Lawsuit Loan Advertisements. Perhaps youve seen the advertisements on daytime TV. A smartly dressed executive promises that you can have your money NOW if you cant wait until your personal injury suit settles.
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For someone facing high medical bills or the loss of income after an accident, the thought of getting money from a lawsuit right away can be enticing. But, is it in your best interest to borrow against a future settlement or judgment.
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