Any personal injury victim who is represented by an attorney in a pending lawsuit and in need of fast cash before their case settles, is eligible to apply for litigation funding.
What is litigation funding?
Litigation funding is a non-recourse cash advance to help plaintiffs pay the bills and put food on the table during a pending claim. It is the financial buffer that allows them to avoid settling their case too early for considerably less than case value.
After an auto accident caused serious back injuries, Jacob was unable to return to work. He required several surgeries and doctors would not say confidently that he would ever be able to resume his job as a construction worker. The income from his wife’s job was not enough to sustain this family of four. Although Jacob filed a lawsuit and his attorney said the case was worth at least $800,000, the defendant was dragging its feet. Jacob’s family was facing foreclosure when he learned about litigation funding. Within 48 hours, we were able to fund Jacob $3,000, and two months later another $2,500. His case settled six months later for $1.2 million, at which time he repaid the cash advance and applicable interest.
Many plaintiffs are forced to accept a low settlement offer because they need immediate cash. With litigation funding, a plaintiff doesn’t have to wait months or years for a case to settle, risking debt or a bad credit rating. Litigation funding is based solely on the merits of a case. There is no need for a credit check, employment verification, or monthly payments. Because funding is provided on a non-recourse basis there is no risk to the plaintiff; if the plaintiff loses the case, repayment is completely waived. Once an application is received, we request case documentation from the attorney. In most cases, a funding decision can be made within 24 hours. If approved for funding, the money can be spent anyway the plaintiff chooses, with no restrictions.
If you were suddenly injured in an auto accident and unable to work, would you have a means to pay the bills – mortgage, rent, car payments, tuition, medical expenses, utility bills, groceries? How long would that money last? What if you filed a personal injury lawsuit, but the insurance company offered an inadequate settlement offer or was denying the claim causing your case to drag on indefinitely? Do you know how you would stay financially afloat?
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 will de-value your claim, or use stalling tactics in an effort to wear you down to the point that you accept their offer. Do not feel pressured to settle your personal injury claim prematurely. There may be a viable way out with litigation funding. If you are interested in learning more about litigation funding and how you may benefit, call us today at 1- 877-377-7848.