After an auto accident or another personal injury that has occurred due to the negligence of someone else, you may decide to seek legal compensation for damages and losses. The first step is to consult an experienced personal injury attorney. But, your case may take months, even years, to settle.
Defendants are financed by large insurance companies; their lawyers know the litigation game. They know you are probably strapped for cash, so they delay the case, exhausting your limited resources. The more desperate you become, the happier the defendant. Then, they make a lowball offer. Your attorney advises against it saying the offer is too little, too soon. You want to wait, but the financial pressure is building. You have medical expenses, mortgage/rent obligations, car payments, and monthly household expenses. You don’t qualify for a bank loan, and friends and family can’t help. You see no other options except to tell your attorney to accept the inadequate offer.
That was yesterday’s marketplace. Today, there is litigation funding.
Litigation funding is a cash advance to pay important bills and expenses, allowing time for your attorney to negotiate a fair settlement. Funding is non-recourse, meaning that repayment is solely conditioned upon the settlement or verdict in the case, and paid through the case proceeds. If you lose your case, repayment of the cash advance is forgiven.
There are no up-front fees or monthly payment obligations, no credit checks or employment verifications, and no effect on your credit standing. If approved for funding, you can receive the cash in 24 – 48 hours.
Litigation funding is not right for everyone, so how do you know if it is right for you?
- Are you worried about financial issues resulting from your accident and injuries?
- Are you facing eviction, foreclosure, or repossession of your vehicle?
- Are you unable to put food on the table, pay medical expenses, or unable to cover the costs of other necessities of life?
- Are you seriously considering settling your valuable case for any amount?