This desperate plea is not uncommon for plaintiffs in a personal injury lawsuit facing significant financial pressures. The longer the case takes to settle, the more debt accrues. Often times, those in need, will contact a bank for a loan. Unfortunately, banks typically do not provide loans against lawsuits. If a bank would consider such an option, it would require routine credit checks and employment history.
Additionally, banks require monthly payments which a financially-strapped plaintiff could not pay. In this dire situation, more and more plaintiffs are seeking pre-settlement lawsuit funding as a means of staying financially strong during the litigation process.
Before legal funding companies came into existence, many plaintiffs were forced to settle their case early due to financial commitments. They were unable to hold out for full compensation their attorney felt the case was worth. Pre-settlement funding helps plaintiffs avoid settling prematurely.
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It is common to turn to family and friends or credit cards, but when these options are exhausted legal funding can be the answer.
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