Life is fairly uncertain; no one could ever anticipate a personal injury from an auto accident, slip and fall or medical negligence. When it does happen, the results can be physically, emotionally, and financially devastating. Legal recourse is often sought to obtain compensation for lost wages, medical bills, funeral and burial expenses, pain and suffering, and loss of consortium. But, as anyone who has ever been in a personal injury lawsuit knows the process can be lengthy, often times taking years to settle. During this time, many victims are unable to meet their immediate financial obligations. Powerful defendants will take advantage of this, offering lowball settlement in hopes that the plaintiff will settle out of necessity for immediate cash. Rather than being shortchanged for a fair settlement simply to pay the bills, plaintiffs can apply for lawsuit funding.
Unlike a traditional bank loan, lawsuit funding is a non-recourse cash advance based solely on the strength of the case. There is no need for a credit check or employment verification. Before choosing a funding company, it is important for plaintiffs to weigh all the options. The right company can help plaintiffs understand lawsuit cash advances and determine the best funding solution to fit the plaintiffs’ needs. It is important to compare rates, understand terms and conditions and clearly understand the repayment terms. The lowest rate may not always be the best deal. Keep in mind that a reputable company provides funding on a non-recourse basis meaning no repayment is required until a settlement is reached. In a situation where the plaintiff loses the case, the cash advance does not need to be repaid. It is also important to note that despite what some funding companies may say, a lawsuit cash advance is expensive. Plaintiffs should only borrow enough to necessary expenses – the mortgage, utility bills, medical expenses.
Applying for lawsuit funding takes less than five minutes online or over the phone. Once the application is received, a funding representative will contact the plaintiff’s attorney for case documentation. If the plaintiff is approved for funding, money is made available within 24 – 48 hours via direct deposit or a check sent via overnight mail.
Lawsuit Financial hopes we have provided you some valuable information to assist you in making the best lawsuit funding decision possible. If you need financial help during your pending claim, call our office toll-free at 1-877-377-7848 or complete our online application; see if we are the right choice for you.