Injuries from an auto accident prevented Matt from returning to work. He filed a lawsuit to collect damages from the negligent party, but he had no means of paying the bills until his case settled. Matt applied for pre-settlement lawsuit funding, and received his lawsuit cash advance within two days. The initial funding he received, plus one additional advance, covered Matt’s expenses until the case went to trial and he received his settlement. With the help of lawsuit funding, Matt not only paid his bills, but was able to focus on recovering from his injuries and keep his credit intact.
Lawsuits can be very costly and drag out for years. More often than not, plaintiffs will not have the financial means to withstand the litigation process to get the compensation they deserve. Obtaining a bank loan will require monthly payments - an added expense that an already financially strapped plaintiff cannot afford. Additionally, regardless of the outcome of the lawsuit, the loan will need to be repaid and defaulting can damage a person’s credit. This is not the case with pre-settlement funding.
Why should a plaintiff use the services of a legal funding company?
When a plaintiff is faced with mounting bills and does not have the financial resources to withstand a lengthy legal process, pre-settlement lawsuit funding can provide financial relief. The ability to remain in a case longer means a better likelihood of achieving a fair settlement.
Who is eligible for pre-settlement lawsuit funding?
Any seriously injured victim or the family of a lost loved one, who has retained a personal injury attorney and has a strong case, may qualify for lawsuit funding.
What documents are required from the plaintiff?
The only document required by the plaintiff is a completed funding application. There are no credit checks or employment verification. Once the application is received, the funding company will request case documentation from the plaintiff’s attorney to determine case strength.
How long does it take to receive the cash advance?
Once the funding company receives case documentation from the attorney, the underwriters will review the case within 24-48 hours. If approved, funds can be available by check or wire for immediate use.
When is the cash advance repaid?
There are no monthly payments. Repayment is made only after the case successfully settles. Because the funding company only gets paid when the plaintiff gets paid, if the case is lost, the cash advance is completely waived.
Don’t give up on your right to justice simply because bills and expenses prevent you from continuing. With pre-settlement funding, you can put your finances back on track and focus on winning your lawsuit for the compensation you deserve.
Disclaimer: This article is a paid advertisement prepared by Lawsuit Financial Corp. and does not constitute legal or financial advice from Online Legal Media or LawyersandSettlements.com.
If you or a loved one have suffered losses in this case, please click the link below and your complaint will be sent to a financial lawyer who may evaluate your Pre-Settlement Legal Funding claim at no cost or obligation.