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FAQs
Q:
Am I Eligible for a Cash Advance from Juris
Investments?
Q:
How Much of a Cash Advance Will Juris Investments
Provide?
Q:
How Long Does it Take to Receive a Cash Advance?
Q: How Do I Get
Started?
Q:
What Is My Obligation to Repay the Cash Advance?
Q:
Do I Have to Pay Any Upfront Fees or Other Charges?
Q: Is This
Expensive?
Q:
What Role Does Juris Investments Have in My Claim?
Q:
Should My Attorney be Involved in My Request for a
Cash Advance?
Q: Am I eligible for a Cash Advance from Juris Investments?
You are very likely eligible for a cash advance if you have been
wrongfully injured in any way and are currently involved in a lawsuit to
collect damages for your injuries.
Click here to see the types of eligible claims
Your credit and employment histories are not considered in deciding
whether to make a cash advance.
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Q:
How Much of a Cash Advance will Juris Investments make?
Our cash advances range from $500 to $100,000. Historically, most of
our advances have ranged between $1,000 and $7,500. The total cash
advances are generally limited to 10% - 15% of your projected settlement
value, depending on the facts of your case and your financial needs.
It is our policy to advance only those funds necessary to meet a
Claimant’s current financial obligations and living expenses.
Upon request, Juris Investments also provides a free financial advisory
service to help you determine your financial needs and will even create a
budget to follow until your claim is settled.
We can structure the cash advance as one lump sum or periodic payments
over time.
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Q: How
Long Does it Take to Receive a Cash Advance?
When we receive your application, we will discuss your case with your
attorney and request certain documents, such as police and accident reports,
injury records, insurance verification etc.
Once we approve your application and the documents are signed, the funds
can be delivered to you or your attorney within 24 to 48 hours.
Our turn-around time to send you money is one of the fastest in the
industry!
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Q: How Do I Get Started?
It’s your choice
At any time, please fell free to contact one of our representatives for
assistance or to answer your questions. Our phone number is 585-225-2431.
You can also send us an e-mail.
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Q:
What Is My Obligation to Repay the Cash Advance
A cash advance is not a loan. The advances are considered to be a
speculative investment in the potential settlement proceeds of your claim.
Since Juris Investments is considered to be an investor in your case we
assume the risk of loss.
When we provide you with a cash advance, we file a lien on the potential
proceeds of your claim with your attorney. If your claim is successful,
your attorney will repay us only out of your settlement proceeds.
If you lose your case you owe us nothing and you keep the cash advance.
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Q:
Do I Have to Pay Any Upfront Fees or Other Charges?
No. As discussed in the question above, all amounts owed to Juris
Investments are paid only out of the proceeds from your settlement claim.
Generally, there is a processing fee of approximately $350, but this
is only paid to us if and when you settle your claim.
Prior to providing you with an advance we will also provide you with a
summary schedule that clearly and fully discloses
all amounts owed to us if your claim is successful.
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Q: Is this Expensive?
At Juris Investments we strive to provide the lowest cost to you on a
cash advance as compared to our competitors. Our rates generally range
from 2.5% to 4.5% per month, plus any processing fees and origination
charges.
However, due to the complexities and level of risk associated with
investments in injury claims, the costs of a cash advance from Juris
Investments is more expensive than traditional financing, for example from
a bank or credit union.
For this reason we encourage you to investigate all other financing
options, such as a financial institution and family members.
However, remember that any amount received from a financial institution is
considered to be a loan. This will require you to pay back the loan even
if you are unsuccessful with your case. At Juris investments you are
obligated to repay us only out of the proceeds of your case and you pay us
nothing back if you lose your case.
As discussed above, we provide a free consulting service to
create a monthly budget of your financial needs and advance you funds as
they are needed. This gives you financial peace of mind and minimizes the
amount owed to us upon settlement of your claim.
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Q:
What Role Does Juris Investments Have in My Claim?
Juris Investments plays absolutely no role in any aspect of your case.
Any and all decisions on how to proceed with your case are left entirely
left up to you, in consultation with your attorney.
Our only involvement is to initially review your case file so we can
evaluate the claim. We will keep this information strictly confidential
unless otherwise directed by you or a court of law.
We may request periodic updates regarding the status of your claim.
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Q: Should My Attorney be Involved in My Request for a Cash Advance?
We strongly recommend that you review your request for a cash advance
with your attorney.
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