In the battle for money damages in personal injury lawsuits, a typical plaintiff lacks the financial resources to wait out the litigation process. Without adequate savings or help from family and friends, many will settle for less than full case value. Others will seek lawsuit funding. But, what is it and how does it work?
Lawsuit funding was created to help to ease the financial strain on plaintiffs while waiting for a settlement or verdict. It is a process that provides plaintiffs with timely and strategic cash advances to pay necessary bills and expenses.
Unlike a bank loan, lawsuit funding is a non-recourse cash advance, meaning repayment is only required if, and when, the plaintiff successfully settles his/her case. If the plaintiff loses, the cash advance is waived in its entirety. There are no monthly payments. An applicant does not need to have a job and credit standing doesn’t matter.
Applying for lawsuit funding is a quick and simple process and it cost nothing. Simply complete an online application. We handle the rest. The only qualification to receive lawsuit funding is retaining an experienced attorney and having a lawsuit that has a fighting chance to win. When reviewing a case for funding, we examine many factors including:
• How strong is the liability of the defendant?
• What are your injuries?
• How much are your medical bills and lost wages?
• What are the policy limits of the defendant’s insurance?
• What available insurance do you have?
• In what state and jurisdiction did the accident happen?
Once approved, the cash advance can be transferred to your bank account in as little as 24 – 48 hours.
Lawsuit Financial can fund cases nationwide. Although not a complete list, we fund:
• Plane Crash Lawsuits
• Auto Accidents
• Construction Accidents
• Medical Malpractice
• Nursing Home Neglect and Abuse
• Premises Liability/Slip & Fall
• Products Liability
• Traumatic Brain Injuries
• Train Accidents
• Wrongful Death Lawsuits