Ready to claim?
The truth about 'no win, no fee'
Q2 Will I have to take a loan out under any circumstances?
‘… the loan is used to pay for an insurance cover and also to fund the solicitor’s disbursements’The justification given for you having to take out a loan is that it is used to pay for insurance cover and also to fund the solicitor’s disbursements. Disbursements are various costs for things that the solicitor has to pay for, e.g. medicals, court fees etc. However, most solicitors will be happy to fund these costs anyway if they think you have a good case.
The insurance cover is a valid requirement; however, this can be arranged in such a way that a loan is not necessary and the cost is recovered from the third party. Don’t forget that if the organisation that you are dealing with goes out of business, the bank providing the loan will still expect you to repay the loan, plus of course the interest.
‘… most solicitors will be happy to fund these costs anyway’
A good, bona fide personal injury claims specialist will ensure that you will not be required to take out any loan
The truth about 'no win, no fee' |
At ClaimsGuide, we think there are 10 key questions you should consider asking any personal injury claims specialist you are thinking of dealing with. Get the right answers and you’ll know you’ll be dealing with someone who is going to look after your claim in the best possible way. Show me the questions What are the ClaimsGuide recommended criteria for choosing a personal injury claims specialist? Show me the checklist Show me the list of personal injury claim types Got a question? Want to ask an expert? Here Are you ready to claim through a personal injury claims specialist who meets the ClaimsGuide recommended criteria - that is, can answer all 10 questions in a way that satisfies us? Here |