Legal lawsuit funding typically is provided in the form of cash advances given to the injured party in return for a promise to repay the advance when the lawsuit settles or there is a win in court. This type of legal lawsuit funding is called “non-recourse” funding, which means the plaintiff is not required to repay the cash advance if the case is lost in court. If the case is a winner the repayment required is a percentage of the lawsuit settlement amount.
How do you get legal lawsuit funding?
Procuring legal lawsuit funding is an easy, straightforward process. The injured party contacts a company who specializes in lawsuit settlement funding; sometimes this contact is due to the suggestion of a lawyer. The lawsuit funding company contacts the lawyer who is in charge of the case and reviews the information the lawyer provides regarding the case.
The application for legal lawsuit funding is quickly approved or denied after a thorough review of the case. The funder makes an estimate of the anticipated lawsuit settlement or case verdict. Based on that estimate a cash advance is offered to the plaintiff. When the case settles the loan and fees are paid to the lawsuit settlement company. The process is simple and quick.
How much money can you get?
Amounts of legal lawsuit funding can vary quite a bit, depending on the case and the company. Funding amounts can range anywhere from a few hundred dollars to over $100,000, and can help plaintiff’s avoid financial ruin and pressures as they await the settlement in a long drawn out legal case.
This kind of legal lawsuit funding is really changing the entire legal arena. Prior to legal many plaintiffs were forced to settle their cases early due mounting financial pressures and commitments. They just couldn’t hold out for the settlement they were due. Funding now gives plaintiffs a chance to stay the course and see their cases through to a final verdict or settlement.
Plaintiffs who work with a reputable lawsuit cash funding company will find the application
process is easy and once approved funding is provided immediately via overnight mail.
This quick response time is a gift to those injured parties who are struggling to get by.
To learn how legal funding can help you, give us a call, toll free, at 888-732-3389 or complete the contact form on the left. If you’re ready to get started, you can complete the application form.