In that case, the lender will receive the principal of 25,000 and the remaining 25,000 of the settlement. That leaves a deficit of 7,000. You won't get anything from the lawsuit settlement, but you don't have to repay the 7,000 to the lawsuit lending company.
100,000 Settlement amount. - 50,000 Attorneys fee, litigation expenses, and medical liens. - 25,000 Principal repaid to Lawsuit Lender. - 32,000 Quick loans cash fee owed to Lawsuit Lender. Fast Title Loans and an Alternative to Payday Loans From a Trusted Virginia Lender.
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