Until you are the victim of someone else’s negligence, you may not realize that insurance companies use every tactic in the book to persuade you to settle for less than you deserve. They know most plaintiffs can not financially withstand a long legal process so they will deny, delay, and de-value your claim until you are forced to accept a low settlement. Lawsuit funding is a process that has made it possible to avoid this while still remaining financial stable until a fair settlement is reached.
Following is some information about lawsuit funding to help you determine if it may be a viable solution for you.
Is lawsuit funding a loan? No. Lawsuit funding is a cash advance against your expected settlement. If you qualify, it is actually your own money that you are simply receiving early.
How do I qualify for lawsuit funding? Unlike a traditional bank loan, you do not have to go through mountains of paperwork or jump through hoops to be considered for funding. All that is required is information from your attorney regarding how the accident happened and the injuries incurred. The only thing that matters is the strength of your case. No information regarding your employment status, credit rating or other personal details is required.
If I qualify, how quickly can I get the money? If you qualify, the cash advance can be available for immediate use within 24 – 48 hours of approval.
Does my credit matter? No, approved is based solely on the strength of your case.
In most cases the decision is made the same day the information is submitted. After you are approved, you will get the advance from the litigation funding company usually by the next day.
Are there upfront fees and monthly payments? No. Unlike a bank loan, you pay absolutely nothing until your case settles. If for any reason you do not win your lawsuit, you owe nothing.
Are there limitations on how I use the money? No. Although you can use the money for anything you wish, most clients will use the cash advance to pay medical expenses, mortgage payments, auto payments, monthly household bills, or to simply put food on the table. Basically, lawsuit funding helps you enjoy financial stability while you wait for your settlement so that you can avoid creditors and the possibility of bankruptcy.
When must I repay the cash advance? Repayment is made from the proceeds of your settlement. Because lawsuit funding is provided on a non-recourse basis, the repayment is completely waived if you lose the case. Essentially, there is no financial risk to you.
If you are a victim of negligence, have sustained injuries and are waiting for a settlement, why not consider lawsuit funding? It’s your money; why not get a portion of it now and save yourself from potential financial disaster? To apply, simply complete an online application or call 1-877-377-7848.