San Antonio pre-settlement funding is an excellent financial solution to plaintiffs who need cash as they await their final case settlement. When a lawsuit is filed and the proceedings and timeline are set it’s time to start thinking about how you’ll fund your lawsuit.
Many lawsuits are filed against large companies or insurance agencies with deep pockets to fight your lawsuit.
Lawsuits can typically drag out for long periods of time, even years, until a settlement or verdict is reached.
During this time, plaintiffs can have a difficult time staying financially solvent as the mounting legal bills and costs for a healthy cost of living become difficult to maintain.
Taking out a settlement loan
One good option for plaintiffs is to consider taking out a pre-settlement funding to ease the financial burdens inherent in filing a lawsuit. Lawsuit pre-settlement funding is not provided by a bank or regular loan company. These types of funds are provided by a litigation finance company whose role is only to fund lawsuits for plaintiffs.
Pre-settlement funding is usually sought when dealing with a personal injury lawsuit that takes a long time to settle. Many times those plaintiffs who have filed a suit are out of work due to their injuries, underemployed, have high medical expenses, and various other expenses related to reason for the lawsuit. In addition, legal fees continue to mount as time passes.
Finding the right company
Your attorney can sometimes recommend several reputable lawsuit pre- settlement funding companies. You’ll want to do your research and find the company that will give you a fair agreement with reasonable costs to borrow the money.
How does it work?
While there are fees involved with this type of loan, this funding can make a huge difference in a plaintiff’s ability to continue the lawsuit. Many plaintiffs are forced to pull out early or to settle their lawsuit for far less than the lawsuit is worth.
The litigation finance company will review your lawsuit with your attorney to determine if the lawsuit is worth the risk. Unlike most loans we take out during our life, there is no need for credit checks or collateral as this loan is based only on the merits of your lawsuit and the perceived settlement amount. Also, unlike a regular bank loan there are no monthly payments to worry about. All payments to repay the loan amount are done at the time the lawsuit is settled.
To learn how pre-settlement funding can help get you emergency cash for your car accident personal injury lawsuit – and help you get the money you need now, and apply for great rates on your personal injury claim, 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.