Plaintiffs May Qualify for Lawsuit Funding If Involved in a Personal Injury Lawsuit
Due to the negligence of someone else, the victim of a personal injury related accident may seek compensation. While a personal injury lawsuit is pending, plaintiffs may have ongoing medical expenses and other outstanding bills. In order to withstand the legal process, some plaintiffs will secure lawsuit funding rather than settling for less than case value.
I was in an auto accident and could not work. I quickly went through all my savings and didn’t know what I would do to support my family until the case settled. Someone suggested I get a “lawsuit loan” but I didn’t know what it was. All I knew is that if it was like a bank loan, I would not qualify because I was out of work and could not afford monthly payments. Then, I learned the real term was lawsuit funding, cash advance against my pending lawsuit. Once I applied, approval took less than a day. I paid the mortgage, medical bills, and was able to put food on the table. I would recommend lawsuit funding to anyone in a pending lawsuit that lacks an ad adequate stream of income to stay financially afloat. ~ J.P. Douglas
When a plaintiff applies for lawsuit funding, the first step will be to obtain case documentation from the plaintiff’s attorney. Once this documentation is reviewed, if the case is determined to have merit, funding will be approved. A contract will be signed by the plaintiff, attorney, and funding company at which time funds can be wired into the plaintiff’s account. A significant benefit to lawsuit funding is that the cash advance is a no-risk source of financial assistance meaning that if the plaintiff loses the case, he/she is not obligated to repay the cash advance.
Lawsuit Financial is the leading expert in the funding industry. To learn more about lawsuit funding and determine if it is right for you and your case, call us toll free at 1-877-377-7848 or visit us online.