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?
READ MORE PRE-SETTLEMENT LEGAL FUNDING LEGAL NEWS
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.