Can My Lawyer Lend Me Money After An Accident If I Am Broke? — Florida Personal Injury Lawyer Steve Kramer explains
Florida personal injury attorney Steve Kramer answers a few common questions in regards to the attorney-client relationship.
A very common question we receive is whether a client can borrow against their possible settlement or verdict. Can you borrow money from your attorney or a company that specializes in lending money in these types of situations?
First of all, an attorney cannot lend or offer money to a client. It is not ethical for an attorney to lend you money, so that’s not really an option. You may both wholeheartedly agree that your case will settle or receive a positive trial verdict, but the relationship still does not allow for lending money to a client. There are a lot of companies out there who promote lending money to someone involved in litigation. They offer you money during the time of your case (which can last years) and that can be a great relief to someone who has no income after being injured. However, those types of companies usually have a very large interest rate which all has to be paid back at the time of your settlement. And this is after your attorney has recouped his own fees. You may find out that this option is not good for you, neither. We are here to help walk you through the process. Watch the video now to learn more.
For more information about personal injury law and my firm, visit our educational website at http://www.mykramerlawfirm.com, where you can chat with us 24 hours a day, 7 days a week online. If you have legal questions, I want you to call me at (877) 493-4847. I welcome your call.
The Kramer Law Firm
1057 Maitland Center Commons Blvd.
Suite 101, Maitland, FL 32751
8875 Hidden River Pkwy, Ste 300
Tampa, FL 33637
Downtown Orlando Office
37 N. Orange Avenue, Suite 500
Orlando, FL 32801