After an auto accident when a person approaches an insurance company, he/she will often be faced with deny, delay, and defend tactics. Why do insurance companies do this? The insurance company will make excuses and confuse the claimant, anything to avoid paying fair compensation.
Although an experienced attorney can build a case on the victim’s behalf and seek the justice deserved, this takes time creating financial distress for the plaintiff. Just because someone is involved in a lawsuit does not mean they don’t have financial obligations – mortgage payments, car payments, medical expenses, utility bills, and more. Failure to pay can lead to harassing collection calls, foreclosure, and can jeopardize a good credit score.
Once a plaintiff has attorney representation, he/she can apply for lawsuit funding, a means of replacing lost income to paying living expenses while waiting for a settlement. Lawsuit funding can also help a plaintiff negotiate from a position of strength, not financial desperation.
Why not apply for a traditional bank loan? While traditional types of financing can be less expensive than a lawsuit cash advance, they require employment verification and credit checks. If your credit has been damaged or you cannot show employment, it is not likely you will be able to obtain a bank loan, if even you are considered a “valued customer.” Even if you qualify for a traditional bank loan, it will need to be paid, usually with monthly payments, regardless of your income or ability to repay it. Not matter what happens in your case, win or lose, you will be required to repay the bank loan in full.
On the other hand, lawsuit funding is based entirely on the strength of your case. There are no credit checks, employment verification, or monthly payments. You only have to repay the advance when your case successfully settles. If you lose your case, you can keep the advance with no further obligation to Lawsuit Financial.
If you are a plaintiff in a lawsuit and needs immediate cash while you wait for your case to go to trial, contact Lawsuit Financial or complete our online funding application. Once you have applied, we will contact your attorney for case documentation to evaluate your case for funding. If your case is approved and you have signed a funding agreement, we can send a check via overnight mail, or the funds can be wire-transferred directly to your bank account within 24 – 48 hours. When the case settles, your attorney will repay the cash advance plus interest from the proceeds of the settlement.
Call today and see if Lawsuit Financial can bridge the gap between your immediate need for cash and a future settlement.