Can people get personal loans while they’re waiting for their Boy Scout settlement payout date in 2023? Absolutely! While BSA lawsuit loans are unavailable, our private lending network can probably help if you need money today. Their super-power? They fund good, fair, poor, and bad credit borrowers nationwide who need cash FAST.
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Waiting on the Boy Scout Settlement Payout Date for 2023?
Have you ever wondered, “Can I get a loan on my Boy Scout lawsuit…even if I have bad credit?” While BSA lawsuit loans are not yet available, personal loans definitely are! TriMark’s private lender network can work with almost all borrowers and nearly all types of credit.
I’m In A Hurry…Show Me The Lenders Now
Personal Loans For People In The Boy Scout Lawsuit
BSA lawsuit loans were a powerful option when they were available. The problem is they aren’t anymore. They were suspended when the BSA filed for bankruptcy on February 18, 2020.
Even though the BSA has exited its Chapter 11 bankruptcy, no legal funding companies have begun offering Boy Scout settlement loans again yet. That’s because the exact payout amounts, as well as a number of other details, are still being worked out by the attorneys.
Once finalized, TriMark Legal Funding expects to resume its BSA pre-settlement funding and post-settlement funding programs.
Based on currently-available information, TriMark estimates that the actual BSA settlement payout date will occur between April and June of 2024. So you’ll just have to be patient a little longer.
But I Need Money Now, Not Next Year
In the meantime, for anyone whose patience has run thin or they need money immediately, TriMark has assembled some excellent alternative funding solutions that are fast, easy, and available right now.
All Kinds of Loans For All Kinds of Credit
In TriMark’s view, the most significant obstacle stopping plaintiffs from getting the personal loans and other financing they need is credit challenges.
Most plaintiffs, upwards of 90% in our experience, tend to have fair to poor (bad) credit.
For that reason, TriMark maintains an extensive network of private lenders and financiers that offer an impressive array of personal loans and other financial solutions.
For most banks considering an unsecured personal loan, fair credit, poor credit, and bad credit are all dealbreakers. But the lenders in our network, however, routinely work with all kinds of borrowers, almost every type of credit, and they have a stellar record when it comes to getting people approved.
Short-Term Financing, Long-Term Thinking
An important feature offered by most of the lenders in our network don’t charge pre-payment fees or penalties. Why does that matter, you ask?
It means you can apply today and get the money you need immediately, and whenever your Boy Scout settlement payout happens, you can use some of your BSA settlement proceeds to pay off your loan early with no fees or penalties and be done with it once and for all.
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Finances Falling Apart Waiting On The
Boy Scout Settlement Payout Date 2023?
Boy Scout Lawsuit Personal Loans FAQ
❓ Can I Get A Loan On My Boy Scout Lawsuit?
Until our BSA lawsuit loans program is reactivated, TriMark’s network of specialty lenders is offering loans from $1,000 up to $100,000. Unlike lawsuit loans, however, this type of funding has the distinct advantage of neither relying upon, nor collateralizing your Boy Scout lawsuit claim.
As a result, approval is much faster, does not depend on case status, and does not require the approval, consent, or involvement of your attorney.
❓ Can I Get A Loan On My BSA Settlement Even If I Have Bad Credit?
We make no guarantees, but there is an excellent likelihood of approval.
The lenders in our network have less stringent lending guidelines than traditional banks do. Because of that, they can work with most borrowers and most types of credit, which means you have a far greater chance of approval than with conventional lenders.
❓ Can I Get More Than One Loan?
You can apply to as many different lenders as you’d like. You may also choose to apply to multiple lenders to get different types of financing.
For example, you might choose to apply for a personal loan to help pay for basic necessities. At the same time, you might refinance your car loan to lower your monthly payments, and/or get a debt consolidation loan to eliminate high-interest credit card debt and lower your overall monthly payments.
Another thing to consider is that, while having one large loan typically results in a longer repayment term and lower payments, having multiple smaller loans is a strategy that has been used by millions of people to build or improve their credit history and increase their credit scores.
❓ Are There Any Pre-Payment Penalties or Fees For Paying Off A Loan Early?
Almost all of the lenders in our network do not have pre-payment penalties or charge any fees for paying a loan off early. You will, of course, need to personally verify whether or not the lender(s) you choose has a pre-payment penalty or any other fees associated with early payoff.
A common practice – and one highly recommended by TriMark – for clients who obtain one or more personal loans during litigation is to allocate some of the proceeds after they receive their settlement money for repayment of the loan(s).
There are two ways to do this. Depending upon your particular circumstances and credit mix, you may choose to pay off the loan early. Sometimes, however, especially for people who are trying to rebuild their credit, it may be more advantageous to continue making regular payments through the term of the loan.
While paying off a loan eliminates debt, continuing to make on-time payments through the term of a loan is a time-honored way to build or rebuild credit history and increase credit scores by demonstrating longer-term financial responsibility.
You can get more information here:
❇️ How does paying off a personal loan early affect credit?
❇️ Does paying off a loan early hurt your credit?
❇️ When can paying off debt actually hurt your credit score?
BSA Loans: Show Me The Money
More than 80,000 men are waiting anxiously for the announcement of the Boy Scout settlement payout date for 2023.
Based on the sheer volume of funding requests that TriMark receives on a daily basis, there are tens of thousands of people in the BSA lawsuit who are hurting financially and need money right now.
Fortunately, TriMark has an entire private lending network to help you out.
Personal Loans For BSA Lawsuit Claimants
Getting a personal loan while you wait for the BSA lawsuit can alleviate a lot of worry, stress, and anxiety in terms of your finances.
The problem with conventional banks, of course, is that people with credit scores below 670, commonly referred to as fair credit, poor credit, or bad credit, find it exceedingly difficult to get banks to give them unsecured personal loans.
Our network is designed to help almost anyone who, for whatever reason, is ineligible for legal funding. We also make it available to people nationwide who are hobbled by problem credit so they can shop, compare, and secure whatever kind of financing they need.
Benefits of a Personal Loan
TriMark’s personal finance and business finance network of lenders don’t get hung up on a lot of the credit report blemishes that traditional lenders do. And because their approval criteria for personal loans and business loans is far less restrictive, they get to say “yes” a lot.
Depending on the specific lender, personal loans may also include some excellent benefits that can be beneficial to borrowers, including people on workers compensation.
- You can apply regardless of your credit score, funds can be deposited in your account within 12-24 hours of signing, and you can request however much you need, up to $100,000 in many cases.
- Another benefit of a personal loan while on workers comp, especially for people with problem credit, is that your payments are reported to the three major credit reporting bureaus each month. This means that with each on-time payment you make, you could be improving your credit scores.
- Most of the lenders in our network typically charge no pre-payment fees or penalties. That means you could get the money you need now, and then once your case has settled and you get paid, you may, if you choose to, use some of your settlement money to pay off the loan and be done with it.
*Most of the lenders featured on this website do not charge a pre-payment penalty or fee for early loan payoff. However, lenders may change their rules periodically, so borrowers must conduct their own due diligence to verify directly with any lender about the presence or absence of any fees associated with early loan payoff.
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