The Real Facts About Pre-Settlement Lawsuit Funding

The litigation process is often slow and many plaintiffs can’t afford to wait for a fair settlement. When there seems to be no alternative but to settle for less than case value, plaintiffs often consider pre-settlement funding.

“Two years ago, my husband was involved in a serious auto accident that rendered him unable to work. We filed a lawsuit and assumed it would be an easy process. When our attorney told us it could take at least a year to settle, we had no idea how we would survive financially. With two small children, a mortgage and mounting medical bills, we felt totally helpless. Our attorney mentioned pre-settlement funding as an option and within two days, we were paying our bills. There were no questions asked about employment or credit history and we were not required to make any payments until our case settled. The whole process was seamless. I would recommend pre-settlement funding for anyone in a similar situation.” - Constance F.

Filing and seeing a case through the legal system can, and typically does, put a strain on finances. Pre-settlement funding is a non-recourse cash advance to help plaintiffs pay mounting bills while giving their attorney needed time to achieve a fair and full settlement. Unlike a bank loan, there are no upfront fees, no credit checks, no employment verifications and no monthly fees. Funding is based solely on the strength of the case, with repayment once the case successfully settles. If the case is lost, the repayment is waived.

The first step to seeking financial assistance from a legal finance company is to retain an attorney. After you retain an attorney, a funding specialist can help you understand the litigation funding process and if it is right for you. Once you complete a funding application, case documentation will be requested from your attorney to determine if the case has merit. If approved for funding, cash can be available within 1-2 days of signing the contract.

If you are in a pending personal injury lawsuit and don't have the financial ability to wait out the litigation process, pre-settlement funding could make a significant difference in helping you stay the course during a lengthy legal process.


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.