Lawsuit Funding — How Pre-Settlement Funding Can Help Pay Your Bills after an Injury

lawsuit funder
Aug 28, 2017 · 3 min read

With over $200 Billion in lawsuits estimated to be filed every year, and a Court System and legal process that can sometimes take months or years to settle, pre-settlement lawsuit cash advances are an option that can help you pay your bills, cover medical expenses or make repairs that aren’t covered by your insurance. Non-Recourse lawsuit loans don’t require credit checks, employment verification or any sort of collateral and usually can be approved within 48–72 hours.

To people who do not have the requisite funds to fight their personal injury lawsuit cases, the concept of funding for lawsuit proves extremely beneficial. Consider a situation when you find at the receiving end of racial discrimination at the workplace, or have been unceremoniously thrown out of a job, and you don’t have the finances to go to court to fight for your rights. It is here that pre-lawsuit funding companies enter into the picture. They provide the required funds to the injured person, who then has to pay a certain percentage to the funding company on winning the case. It is important to point out that this funding is non-recourse funding. This means that you don’t have to pay anything if you lose the case.

Almost all cases in which there is “general negligence” that can result in a financial reward to you are eligible for “advance funding”. These include all types of personal injury, car accidents, slip and fall, medical malpractice, sexual discrimination and harassment, workers compensation, pharmaceutical cases, class actions, securities fraud and cases involving all insurance companies and most corporations. Lawsuit Funding can provide you cash within 48–72 hours after your application.

The funding process is a zero risk proposition. The plaintiff doesn’t have to repay the loan until the case is settled. It is a “non-recourse loan”, if the case doesn’t settle you don’t have to repay the loan. As such, there aren’t any monthly payments to make and you don’t have to provide perfect credit report or income verification. The lawsuit cash advance doesn’t require attorney or court approval and you can request as little as $1,000 and amounts exceeding $100,000 depending upon your case.

The lawsuit funding process is pretty simple:

Step 1

Complete an online form with basic contact information for you and your attorney and the amount you are seeking. A funding representative will call promptly to get some more specific information about your case and begin the official application process.

Step 2

With your approval they will request official documentation on your case from your attorney to forward to their underwriters. Once received by the underwriters they will quickly determine your funding amount.

Step 3

Contracts will be drawn up between you, your attorney, and the underwriters involving the payment terms of the cash advance. Once executed, funds will be sent directly to you within 24–48 hours.

Lawsuit Cash Advances provide money for lawsuit and a different service for each and every plaintiff. For some it’s the ability to remain patient until their case achieves maximum value, for others it’s a bridge for vital expenses just to maintain their monthly expenses, and for others still it provides an opportunity to get something today for a case that could ultimately end up with no compensation whatsoever. Whatever the use may be, the ultimate choice lies with the consumer, and in any industry that simply is a positive.

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