![The Effectiveness of Lawsuit Funding](/images/articles2/Attorney-and-client-article.jpg)
For those unfamiliar with lawsuit funding and how it works, let me explain. For starters, lawsuit funding is not a “lawsuit loan,” but rather a cash advance to a personal injury plaintiff in exchange for a promise by the plaintiff to repay the amount of the advance plus interest, if and when the plaintiff receives a settlement or judgment from a pending claim. If the funded client loses the case, the advance and interest are completely waived; repayment is not required.
The strategy behind lawsuit funding is to help plaintiffs avoid feeling pressured to accept a settlement too early, for too little. In effect, it levels the playing field and buys the plaintiff time to achieve full case value. Although the cash advance can be used anyway the client chooses, typically the funds are to pay outstanding medical bills and daily costs of living, such as mortgage payments, food and other important expenses.
Unlike with a loan, plaintiffs receiving lawsuit funding do not pay upfront fees. In fact, they pay nothing until the case settles. Additionally, a legal funding company will not conduct a credit check or verify employment, because the only factor in obtaining lawsuit funding is a case with merit.
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If you are a victim in a personal injury lawsuit and need cash to get out of debt, contact a legal finance expert for a free, no-obligation evaluation of your case and to request lawsuit funding.
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.