99% of plaintiffs involved in lawsuits do not realize they can get cash advance before their case settles. It is called Lawsuit Advance or often referred as Lawsuit Funding, Lawsuit Loan, Legal Funding, Lawsuit Cash Advance or Lawsuit Pre-Settlement Funding. But technically these are not loans because the cash advance does not have to be paid back unless the case is won or settled.
What is Legal Funding or Lawsuit Advance?
Lawsuit advance or legal funding is a non- recourse lawsuit funding or lawsuit cash advance. It carries no risk because plaintiffs owe nothing if they lose the case. Lawsuit funding programs provide them with immediate cash to give them and their attorney time to negotiate a larger cash settlement!
Advantage of Lawsuit Advance or Legal Funding?
Lawsuit advance or legal funding can provide a very timely financial solution to help plaintiffs who are having financial difficulties. Usually the plaintiff's financial hardship is the result of being injured and not being able to work.
Mostly plaintiffs have missed work or lost their job and can no longer meet their mortgage/ rent or car payments. Many of them may be one or two payments away from foreclosures. They may be in need of medical treatments. They need to pay children education expenses.
But now these new Lawsuit advance loan or legal funding programs are great help to plaintiffs. In the past, these claimants have needed to accept lesser settlement amounts due to pressing financial difficulties. Now, clients can sustain their personal lives and give the attorney the necessary time to achieve the full value of the case.
The process to receive Lawsuit advance or legal funding is risk free & simple. There is no application or upfront fees. Approval is fast. Plaintiff may have a bad or no credit. There are no monthly payments. They pay back only when they win or settle the case. They owe nothing if they lose the case. They can use the cash advance in any way they like.
Lawsuit Advance Program: How does it work?
This total process is confidential, prompt and discreet:
1. The first step is to complete an Application Form. Making an application is free and there is no obligation
2. Plaintiff authorizes attorney to release case information to underwriters
3. Quick and thorough underwriting process to qualify client.
4. If approved plaintiff completes funding agreement
5. Bank check delivered to plaintiff
6. Plaintiff payback upon successful settlement/verdict of case
7. If plaintiff loses case, plaintiff owes nothing to funding company
Lawsuit Advance or Legal Funding is available for many types of cases. Some of them are:
- Automobile Accidents, Personal Injury, Pedestrian injury any Typern- Pharmaceutical Litigation like Zyprexa, Fen-Phen, Vioxx etc.
- Asbestos / Mesothelioma.
- Passenger Injuries, Boating Accidents.
- Slip & Fall Cases, Burn Injuries
- Employment Discrimination, Wrongful Termination, Sexual Harassment.
- Malpractice: Medical, Legal
- Medical Malpractice- Wrongful Death, Birth Injury, Failure to Diagnosis, Medication Errors.
- Nursing Home Abusesrn- Construction & Gen. Negligence (Dog bite, Homeowner etc.)
- Premises Liability.
- Wrongful Death.
- Wrongful Arrest/ Imprisonment.
- Police Misconduct/Brutality etc.
- Worker Compensation cases (not in all states). rnAND MANY MORE…..
Pearl of Wisdom:
A lot of plaintiffs are being forced to settle early for way less than they deserve because they simply cannot afford to wait any longer. But now as lawsuit advance & legal funding is easily available, there is no reason for them to settle for less than their case is worth.