If cases were quickly resolved, the time of financial difficulty for plaintiffs would be minimized. Instead, lawsuits typically take years to settle, time only deep-pocket defendants can afford. A well-funded insurance company has the time to delay, deny, and defend, but an injured victim usually does not. When funds are low but the bills are high, a plaintiff may consider accepting a low settlement simply because they need money to avoid foreclosure, pay medical expenses, and put food on the table.
Lawsuit funding can be the tool to level the playing field and give a plaintiff the financial staying power to wait for a higher settlement. The only qualifications to seeking a lawsuit cash advance are that the plaintiff has retained an attorney and that the case has merit. There are no upfront fees and no monthly payments; the expected proceeds of the pending lawsuit are the only collateral.
A lawsuit funding company is investing in the case; the cash advance amount is based on your probable award settlement. In return, when the client settles, the funding company will receive their initial investment back, plus interest and fees. Lawsuit funding is a non-recourse cash advance meaning the plaintiff only repays the cash advance if and when the case successfully settles. If the plaintiff loses, the cash advance is completely waived; there are no further obligations to the funding company.
If you are struggling financially while awaiting a settlement in your personal injury case, don’t be tempted to accept less than full compensation. Get the financial help you need from the experience legal funding company so you can wail until your claim is decided by the courts and the settlement you justly deserve is paid. Remember, in the most unfortunate event that you lose the case, you are not obliged to repay the cash advance.
Contact Lawsuit Financial toll free at 1-877-377 SUIT (7848) or visit us online at www.lawsuitfinancial.com for a free funding evaluation.