Lawyers and Settlements
What are you looking for?
Home Page >> Legal Funding >> Pre-Settlement Legal Funding

Do You Need Pre-Settlement Lawsuit Funding?

The cost of being involved in a personal injury lawsuit can be financially devastating for plaintiffs, as they often wait years before they receive an award. One way that plaintiffs can cover their expenses during a legal battle is through litigation funding such as pre-settlement funding. Such legal funding offers plaintiffs money before their lawsuit is finished, so they can make ends meet without worrying about financial ruin. Some plaintiffs in personal injury cases are unable to work because of their injuries and face high medical bills, making lawsuit funding incredibly helpful.

FREE LEGAL FUNDING EVALUATION

Send your Pre-Settlement Legal Funding request to a legal funding expert who will review your request at NO COST or obligation.Get Legal Funding Help Now

What Is Pre-Settlement Lawsuit Funding?

citigroupfaceserisalawsuitsPre-settlement funding has become rather commonplace in the legal landscape; typically, pre-settlement funding is offered in cases that involve personal injury or wrongful death, where the plaintiff faces a loss of income and/or high medical bills. Because litigation can take years, lawsuit funding can provide the plaintiff with funds to cover necessary expenses while the litigation proceeds.

While lawsuit funding can be quite helpful to a plaintiff, there are some attorneys who simply do not like lawsuit funding. They argue that it is too expensive, that the plaintiff might forget about the obligation at the end of the case, or that rapidly escalating charges might pressure an attorney to compromise a case to avoid funding increases. These attorney-critics feel that if lawsuit funding must be provided, it should be obtained in the smallest amount possible.

Those who have significant experience in providing lawsuit funding would, surprisingly, agree with most, if not all, of these arguments. Legal funding can be expensive, the plaintiff does, sometimes, forget that he received assistance, and some attorneys do feel pressure to settle to avoid funding increases. And, absolutely, lawsuit funding should be obtained for the least amount needed, not for any amount the plaintiff desires. Pre-settlement lawsuit funding should be used only when a plaintiff is having difficulty managing his financial obligations while his lawsuit is in progress; it is not "fun money".

How Pre-Settlement Lawsuit Funding Works

Pre-settlement litigation funding is provided by a lawsuit funding company to a plaintiff before a settlement or award is won, with the expectation that the plaintiff will ultimately receive money from his lawsuit. The settlement funding provides the client immediate access to money, so that he can cover his expenses while in litigation. The plaintiff is not required to pay the money back until the settlement is reached or an award is won in his lawsuit.

Pre-settlement funding companies determine the amount of funding to provide to the plaintiff based on an assessment of the case being tried and the likelihood that the case will decided in the plaintiff's favor with an appropriate settlement or award amount. Lawsuit funding is offered as non-recourse funding, meaning plaintiffs only pay back the money if they receive settlement money from their lawsuit. Funding is paid back with interest, although the amount of interest charged varies.

What Is A Lawsuit Funding Company?

The main focus of a lawsuit funding company is to provide strategic cash advances to cash-strapped plaintiffs, who, through no fault of their own, find their physical and financial lives turned upside down by an injury accident. These lawsuit cash advances are collateralized only by pending litigation; if the lawsuits fails, the advances are excused--the plaintiff does not have to pay back the loan. A lawsuit funding company is not part of a law firm.

Pre-Settlement Legal Funding Request

If you or a loved one is interested in additional information on Pre-Settlement Funding, please click the link below and your request will be sent to a legal funding professional who will evaluate your request at no cost or obligation.

Last updated on Oct-23-14

PRE-SETTLEMENT LEGAL FUNDING ARTICLES AND INTERVIEWS

Pre-Settlement Funding Aids in Holding Inattentive Drivers Accountable
Pre-Settlement Funding Aids in Holding Inattentive Drivers Accountable Distracted driving is a huge factor in many auto accidents. We read about it daily. Victims of auto accidents due to the negligence of someone else may be eligible for compensation for damages incurred. A personal injury attorney can answer questions about auto accident compensation. Once a lawsuit is filed, a legal finance company can answer questions concerning pre-settlement lawsuit funding [READ MORE]

A Pre- and-Post-Settlement Funding Primer
A Pre- and-Post-Settlement Funding Primer Farmington Hills, MI: You wouldn’t ask an electrician to fix your leaky faucet, just as you wouldn’t expect your neighborhood roofer to figure out what’s wrong with your car. Such is the case with any attempt to secure pre- or post-settlement funding from a traditional bank: they don’t understand what they’re advancing a loan for. To a bank, a successful lawsuit and forthcoming settlement is collateral they don’t recognize.

However, [READ MORE]

Avoid Debt and Keep Credit Intact with Pre-Settlement Lawsuit Funding
Avoid Debt and Keep Credit Intact with Pre-Settlement Lawsuit Funding 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.
[READ MORE]





Legal Services:

Facebook



 
FAQ | TOS | Privacy | Disclaimer | About Us | Contact Us | Press | Advertise | Member Login | Jobs | Site Map | View Mobile Website |


Better Business Bureau   CAALA   Best of the Web Approved   Public Justice


This work is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License © 2001-2014 Online Legal Media. All rights reserved.