Is pursuing a lawsuit putting a strain on your finances?
Are you considering settling your case just because you need cash now? If you have a pending lawsuit and cash is running out, lawsuit funding can bridge the gap. Lawsuit financing can help you pursue justice without sacrificing financial responsibilities. Instead of worrying about finances, focus on recovering from your injuries while awaiting a trial verdict or settlement.
How does lawsuit funding work?
If you are severely injured in an accident due to the negligence of someone else, loss of income and additional expenses may leave you financially devastated. A litigation funding company provides a cash advance against your lawsuit. Although some may call it a “lawsuit loan”, it is not a loan. Loans must be paid back; a lawsuit cash advance is provided on a non-recourse basis meaning that the advance is only paid back if, and when, you win your case. If you lose your case, you owe nothing; the repayment is forfeited by the lawsuit funding company.
What are the benefits of lawsuit funding?
Filing a lawsuit can be expensive, time-consuming and mentally exhausting. It’s not uncommon for cases to last for years before a verdict is reached and a settlement is awarded. A lawsuit cash advance can replace lost income, help pay medical bills, and even cover your living expenses until your case has settled.
You may not have the means to borrow money from family or friends, or qualify for a tradition bank loan. Even if this was an option, conventional loans require upfront fees and monthly payments which can be a further burden. Lawsuit funding is contingent on the outcome of your case. Your credit and employment history are not a factor in approval.
Pre-settlement funding will allow you and your attorney time so that you can receive the maximum benefits from your case, especially with personal injury cases. Oftentimes, people will settle a case early due to financial strains, but this does not have to happen when you apply for lawsuit funding.
How do you proceed?
The process to receive pre-settlement funding is quick and easy. After retaining an attorney, contact a lawsuit funding company to complete an application. The funding company will follow up with your attorney, evaluate your case, and if approved, funds can be available within 24 – 48 hours. There are no application fees, credit checks, or employment verification required. Your attorney will retain complete control over your case; the litigation funding company does not become involved in the case and does not received repayment until the case is settled.
If you would like more information or wish to apply for lawsuit funding, Lawsuit Financial would be happy to help. We offer free, no-obligation consultations and an easy online application. Lawsuit Financial provides a legal financing for personal injury cases including auto accident, slip and fall, wrongful death, and more. Although the legal process may be long and difficult, our lawsuit funding process can be completed within 24 – 48 hours. Call or visit us online.