In many personal injury cases the financial, physical and emotional damages are overwhelming. The filing of a lawsuits is often followed by a complicated and lengthy litigation process. Regardless of any legal claim, life goes on; bills must be paid. But, how does a victim make ends meet, especially if injuries have led to the inability to work? How does a victim survive, financially, to do battle with a well-financed insurance company with all the time and money in the world?
Plaintiffs with a strong case and attorney representation can seek financial relief with lawsuit funding. As a pioneer in the legal finance industry, Lawsuit Financial understands that lack of financial resources can force a good case into premature settlement and deny an injured party of the compensation deserved. One way to avoid this to obtain a lawsuit cash advance.
While beneficial for many plaintiffs, lawsuit funding can be an expensive method of obtaining emergency cash. Therefore, it should only be considered as a last resort. Make sure you know the right questions to ask and what to expect so you can keep potentially prohibitive costs to a minimum.
What is lawsuit funding?
Lawsuit funding is a non-recourse cash advance to help plaintiffs pay their bills, compensate for lost wages, and assist in daily expenses while on a long, and sometimes, bumpy road to resolution.
At what point is lawsuit funding the best option?
Do you have pressing financial issues? What are they? Lawsuit Financial Corporation often finds that the client is facing eviction or foreclosure or needs a car to get to work. Daily living expenses and medical bills are other important items that can be secured with a lawsuit cash advance. If you are not facing these types of financial situations or can tap into other sources of revenue, such as savings, lawsuit funding is probably not the most viable option.
Are their upfront costs, monthly payments, or other “out-of-pocket” expenses?
An ethical, professional lawsuit funding company provides the cash you need without any upfront or monthly costs to the plaintiff. Cases are approved on the strength of the case only, so there is no need for a credit check or employment verification.
How does a plaintiff qualify for funding?
The only qualifications for funding is a case with merit. A case with merit involves a plaintiff with a serious injury, a strong case against the defendant, and an attorney working on a contingency basis.
What are the repayment terms?
Most lawsuit funding companies provide funding to clients on a non-recourse basis. This means that repayment is contingent upon the outcome of the case. When the case settles, the funding company is repaid from the settlement proceeds. If the case fails, so does the repayment; the client gets to keep the cash advance without obligation to repay.
How much funding can I receive?
Lawsuit Financial recommends clients receive no more than 10% of the predicted value of the case. We also recommend receiving smaller cash advances, over time, rather than receiving a larger, lump sum advance immediately, because doing so will save money.
What happens if my settlement is lower than expected?
When a case settles, for valid reasons that were not apparent at the time of funding, the lawsuit finance company should adjust its principal and profit return to comfortably fit into the settled value of the case. If a funding company will not promise you, in advance, to adjust rates for compromised, unexpected results, consider another company.
How long is the application process?
The process is quick and easy, consisting of a one-page application. Once received, Lawsuit Financial will review the application and pertinent documents, and make a funding decision within 24 – 48 hours. Once approved, we will provide a funding agreement for signature. The plaintiff’s attorney is required to acknowledge the agreement and agree to withhold money from the settlement to repay the advance, if the case is successful. Once we received the signed contract, we will then wire transfer or overnight mail the funds.
Why choose Lawsuit Financial?
The key element to handling lawsuit funding transactions successfully is an expert understanding of the litigation process and what plaintiffs and attorneys go through before they are in a position to resolve a case. Lawsuit Financial is an attorney owned and operated full service legal finance company recognized by attorneys nationwide as a preferred choice for legal funding services. Mark Bello, CEO and General Counsel has over 17 years’ experience in the legal finance industry and over 39 years’ experience evaluating plaintiff personal injury cases, the primary case type for these investments.
If you are in a pending personal injury lawsuit and need immediate cash, we may be able to provide a lawsuit cash advance. Contact Lawsuit Financial by completing our online application or call us toll-free at 1-877-377-7848. A member of our team would be happy to discuss your funding options.