Tag Archives: lawsuit funding

Law Cash Advance Funding – The Benefits to Plaintiffs

 

Many plaintiffs end up turning to law cash advance funding as a way to see their case through the court system. Without law cash advance funding many of these plaintiffs might not be able to even afford to file the case.  These type of funding options are typically available to those who qualify which translate to those whose cases are strong and likely to win in court.

If the legal process in our court systems was swift, these loans might not be needed. But the reality is most of these cases take a very long time to reach a verdict or a settlement. During this time plaintiffs can be put in great financial danger and personal stress.  Law cash advance loans give plaintiffs the freedom and ability to cover their living expenses and medical bills while awaiting their final settlement.

In many instances, big companies will delay the settlement as long as possible.  Not only do they have the financial means to do this, but they know that by delaying the case the plaintiff may settle for a lesser amount.  Litigation financing companies can help you get the money you need to avoid this scenario.

Lawsuit cash advance funding helps the client avoid having to settle early for a lesser amount than they deserve because of being short on funds.  Litigation financing companies fund you with the money you need, and there is no loan repayment.  If you win your case, the litigation funding company gets an amount that is agreed upon prior.

Getting a law cash advance loan is typically a fairly quick process.  Lawsuit settlement companies do not require a background or credit checks, so the only requirement is that the plaintiff pay the agreed upon amount if they win their claim.  If the case is not settled, the company does not get repayment for the money they funded the plaintiff.

Important Questions to Ask About a Law Cash Advance

If you’re a plaintiff in a personal injury or wrongful death suit, or plan to be one in the near future, you might be wondering if you need more information about taking out a law cash advance.  These types of lawsuit loans are confusing to many, yet they are becoming more and more popular as a way to help plaintiffs avoid the financial burdens they encounter during a long trial.

How does a law cash advance help a plaintiff?

Most lawsuits take a long time until they are settled or a verdict comes in.  During this time plaintiffs can feel huge financial pressures as they attempt to pay all their bills. In addition, many times they have increased medical bills due to their injuries.  In most cases the legal scene is like a David and Goliath situation, with big insurance companies hiring pricey attorneys whose goal is to drag out the legal proceedings in hopes the plaintiff will just give up and go away. In fact, insurance carriers spend millions and millions of dollars a year to hire the very best insurance defense attorneys, hired to do just that.  Their job is to vigorously defend their clients.  Law cash advance loans are cash advances to the plaintiff which help them stay afloat financially during this extended period of time before a settlement or verdict comes in.

How do I pay my bills and expenses while waiting for a settlement?

One thing to realize is while most plaintiffs feel their case is cut and dry and very clear it is likely the defendant will defend themselves vigorously and may well have a completely different scenario on how the accident or injury happened.  It is import to keep in mind these people are against you and will do everything in their power to avoid paying anything. They are certainly not concerned about whether you can pay your bills, or not.

How high are the interest rates on law cash advance loans?

The first thing to realize is law cash advance loans, while typically called loans, they are not typical loans.  The funds are really cash advances.  If the funds were real loans it would be necessary to repay the funds no matter what the outcome of the case.  With this type of funding you only repay funds if, and only if, the case is won.  If on the slight chance a plaintiff loses the case, there is no requirement to repay even a dime.  There are fees charged by the funder for the use of the money, but these fees are not due until the lawsuit is settled.

How Does Lawsuit Cash Funding Help You?

Plaintiffs in lawsuit settlement cases can many times be left in a very lonely spot as they await a settlement.

Many plaintiffs in contingency cases face enormous financial issues as a result of their medical situation and injuries.  Many plaintiffs are unable to work and have no income. Due to this dire situation more and more attorneys and clients are looking to lawsuit cash funding as a means of staying afloat financially during this critical time.  Reputable lawsuit cash funding companies are routinely providing cash advance funding for many personal injury lawsuit settlements cases.

Funding of this type is far different than a typical loan.  Lawsuit cash funding is provided without the routine credit checks and employment history necessary when taking out a bank loan. Funding is based on the strength of the case and the perceived outcome of the case.  These funders for lawsuit settlements are routinely used in more and more cases as they step in to save plaintiffs from financial ruin.

Many plaintiffs have no idea this type of lawsuit cash funding exists to help them survive while waiting for a verdict or settlement in their case.  Plaintiffs typically qualify for a cash advance anywhere from $250 to one million dollars, depending on the details of the case.

This kind of lawsuit cash funding is really changing the entire legal arena.  Prior to funding for lawsuit settlements, 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 likely 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.

Asbestos/Mesothelioma Lawsuit? Lawsuit Loan Funding Can Help you Now!

The old saying says if you watch your pennies your dollars will take care of themselves.  This couldn’t be more true when you’re a plaintiff in a Mesothelioma or Asbestos personal injury lawsuit.  A lawsuit loan works to help an injured party keep their financial house in order while waiting for a lawsuit settlement.

A lawsuit loan is a cash advance based on your expected Asbestos or Mesothelioma lawsuit settlement. This lawsuit loan funding is meant to help you NOW.  If you have the disease you more than likely need cash immediately to pay your monthly living expenses and medical bills while you wait for a case settlement.

There are some easy steps to apply for and receive your cash advance lawsuit loan funding.

  1. Find a reputable lawsuit loan funding company like Alliance Claim Funding.  Contact them immediately for a quick and easy review of your case.  Once call them or visit their website,  follow their easy application directions.
  2. Fill out their quick and easy application. When you apply there is no application fee as a good lawsuit funding company should never charge an upfront fee, processing fee, or monthly fee.
  3. Your lawyer will be consulted to provide the necessary case information and documents to the Mesothelioma lawsuit loan funding company.
  4. Once you are approved for lawsuit loan funding, which is similar to  a cash advance, the funds will quickly be wired to your bank account the same day.

Facts about lawsuit loan funding:

If you are approved for lawsuit loan funding for Mesothelioma, you are not required to pay back the money until the case is settled.  If on the slight chance you do not win your case, you will not owe a dime to the lawsuit loan funding company.  In addition, while this type of funding is often called a “loan” it works very different than a typical bank loan.  The biggest difference is there is NO requirement to payback any of the money until your case is settled.

If you are plaintiff in a Mesothelioma case or if you are suffering and plan to file a lawsuit in the future, lawsuit loan funding can help you survive financially until your case settles.

Are Lawsuit Loans Available for a Settled Case?

As time slips by, there are many plaintiffs who are successful and win their cases and then continue to wait….for a payment!

Many people are familiar with pre-settlement lawsuit loans, which are provided by lawsuit loan companies as funding to a plaintiff while they await a settlement or verdict in their case. However, many don’t realize that lawsuit loans are available even after a plaintiff’s case is settled. This type of funding it referred to as post-settlement funding and is provided to plaintiffs as they are await for the awarded compensation to be paid.

Lawsuit loans provide money while you wait for a payment

In some situations, even when your attorney has been successful in winning your case the defense team can appeal the decision.  This appeal will prolong the wait for a plaintiff to receive compensation.  In some cases, the plaintiff could still lose the case during the appeals process. The lawsuit loan company will review the lawsuit settlement and determine whether the case is strong and a viable case to provide funding while the plaintiff waits for a payment to be made.

How to apply for post-settlement lawsuit loan funding?

The process for applying a lawsuit loan in the form of post-settlement funding is very similar to pre-settlement funding.  A lawsuit loan litigation finance company will process your application and immediately get in touch with your attorney to request a copy of the actual settlement letter.  The letter will provide the funding source with the pertinent information needed to approve you for a post-settlement lawsuit loan. Once the details of the settlement are reviewed, the company will put together a contract and send it to your attorney for review.  If you and your attorney agree to the details and terms of the funding offer, the monies are quickly transferred to your account.

Easy application for lawsuit loans

This type of post-settlement funding is extremely important to plaintiffs who even though they have won their case, and been awarded a settlement, it can take months before any money is received by the plaintiff.  This is a crucial time when legal fees need to be paid and the plaintiff has to pay medical bills, mortgage, car payments, and many other obligations.

Most post-settlement lawsuit loans are offered at highly competitive rates.  The funding is not expected to be repaid until the settlement money is received by the plaintiff.  At that time, the full amount due to the litigation finance company is paid in full by the plaintiff.

When is Settlement Funding Necessary & Appropriate?

As most of us know, there are no free rides.  At least not over a long period of time.  Settlement funding is necessary and appropriate in cases that drag on for an extended period of time.  Many of these cases can go on for years before a resolution is reached.  During this extended period of time that a case is pending the plaintiff must pay mounting legal fees and also have enough money left to live on. This can add huge pressure on a plaintiff.  If the plaintiff is unable to work, has a smaller income, or has higher care expenses it might become impossible to exist while waiting for the lawsuit to end.

How much does settlement funding cost?

As with any loan, there are fees involved with all cash advance settlement loans.  Since there is some risk involved in providing the funds there is cost associated with settlement funding loans. However, the cost is usually worth it to plaintiffs who are struggling to keep their case alive, while keeping a healthy quality of life.  Settlement funding companies review your case in depth and will only offer funding if the case has a high chance of coming to a positive conclusion.  This is done to minimize the company’s risk in making the loan.

It is important for plaintiffs to find the right settlement loan company before entering into an agreement for a cash advance.  It is advised to check with several companies to obtain the most favorable lawsuit funding terms.

Can my lawyer fund my case?

This is a typical question many plaintiffs ask regarding settlement funding.  The answer to this question is lawyers are prevented from providing fund to their clients.  State bar associations prevent such funding as it is believed when a lawyer becomes a funder to one of their clients; a conflict of interest is present that may change the relationship between an attorney and their client.  Since legally this relationship is meant to be preserved at all costs, no funding can come from a plaintiff’s legal counsel.

Typically the lawyer is involved with the settlement funding company to communicate information about the case as the company reviews the merits of the case.  This must be done to determine if the plaintiff can qualify for funding.  Also, many lawyers can suggest settlement funding companies to their clients.

How Does Lawsuit Settlement Funding Work?

You might be wondering exactly how lawsuit settlement funding works?  That’s why we’ve created these simple graphic images depicting  the steps in the lawsuit cash advance process.  This is the process you can expect when you work with Alliance Claim Funding for your legal funding needs.

What is a lawsuit cash advance 1.   Plaintiff Incurs Damages:

The initial injury or loss to an individual or group is the first incident or event. Whether you’ve suffered a personal injury such as a car accident, slip and fall, medical malpractice, or you’ve lost a loved one in a wrongful death, this is the first step.

Lawsuit Loan - Get Attorney for Your Personal Injury Case2.    Lawyer Accepts Case:

When you feel you have a legal case to pursue you will consult a personal injury attorney or other attorney who specializes in the type of case you plan to file. Once you meet with your attorney and the case is reviewed you’ll retain the services of the lawyer to guide you through the legal process.

Lawsuit Cash Advance - When you need cash today & can't wait for lawsuit to settle
3.    Plaintiff Needs Money:

Filing a case costs money. Even if your case is strong and you expect a settlement or verdict in your favor, it can a long time to reach a positive outcome. In many situations, money runs out as the case moves forward and plaintiff’s struggle to pay for living expenses, legal fees, medical expenses, etc. This is when most plaintiffs’ and their attorneys seek lawsuit settlement funding from Alliance Claim Funding.

Lawsuit Cash Advance: Get the money you need while you wait for your case to settle4.    ACF Reviews Case:

Once a phone call is made toAlliance Claim Funding, their professional team immediately begins the case review process. This review is done swiftly to determine if your case will qualify for funding.

5.   ACF Advances Funds:

Once a case is reviewed and accepted for litigation funding, Alliance Claim Funding immediately advances funds to the plaintiff.

Lawsuit Cash Advance - You repay your lawsuit loan out of your settlement amount 6.    Case Settles:

Once the case settles the funds advanced earlier by ACF and payment goes to a lawyer’s trust set up to hold the funds.

7.    Advances Paid:

The advance is paid back in full to Alliance Claim Funding.

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