Advanced Settlement Loan Companies

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Occasionally, one of my clients asks me to sign a lien agreement with a company offering to advance money to the client based on the client's potential permanent partial disability award at the end of his claim. I have never agreed to sign one of these agreements. These advance settlement firms have been around a long time in the personal injury world, but are now beginning to show up with greater frequency in the workers' compensation arena.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Virginia L. Hunt, Law Office of Virginia Hunt | Attorney Advertising

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