Tag Archives: personal injury

What You Need to Know About a Plaintiff 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 considering a plaintiff cash advance. If so, you likely have questions about using this unique type of plaintiff funding. Plaintiff cash advance funding can seem confusing.  However, they are becoming more and more popular as a way to help plaintiffs avoid financial burdens during the long wait for a case settlement.

How do lawsuit plaintiff cash advance funds help me?

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 and likely increased medical bills due to their injuries. In most cases the 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 the hope 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 defense attorneys.  Their job is to vigorously defend their clients.  Plaintiff cash advances are emergency funding provided to the plaintiff — which helps 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 important 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. In fact, in many cases they work hard to delay so plaintiffs will feel pressure and be forced to take an early lower settlement in their case.

How much do I pay a plaintiff cash advance?

The first thing to realize is plaintiff cash advance, while sometimes called a loan, is not a typical loan.  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 a plaintiff cash advance, you only repay funds if, and only if, the case is wins in court.  If on the slight chance a plaintiff loses his case, there is no responsibility 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.

A plaintiff cash advance is really a win/win option for plaintiffs who need money fast.

To learn how a plaintiff cash advance 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.

 

 

 

Lawsuit Cash Advance: Find the Best Rate Relief

Now is the time to take action for lower rates! A proactive rate relief program for plaintiffs from Alliance Claim Funding for participating law firms is available.  A free evaluation to all clients is available with open pending cases to qualify for rate relief which will significantly reduce the repayment amount at the time of settlement. In addition, Alliance Claim Funding will evaluate the current structure of your client’s lawsuit cash advance and apply a lower rate on qualifying cases.  For more information fill out the short contact form located on the left-hand side of this page. Or, click the Live Chat button for immediate assistance.

Once a person has sustained an injury, hired an attorney, and filed a lawsuit, it’s time to think about applying for a lawsuit cash advance. This type of financial assistance is cash that is advanced against a pending lawsuit.  Sometimes this type of financial instrument is called a pre-settlement loan, lawsuit loan, or legal funding.  No matter what name is used the funding describes an advance of money against the future outcome of a case.

It’s been said that the practice of pre settlement funding started in the late 1990’s when a medical doctor realized his patients needed further medical help but had no financial means or insurance to cover healthcare costs.

When a lawsuit cash advance company decides to fund a lawsuit they are betting the case will win in court.  While this is sometimes called a lawsuit loan, it is quite different than a typical “loan”.  If lawsuit cash advance company funds a case there is always a chance that case could lose in court. If that happens the company cannot require the funds be repaid by the plaintiff.

Lawsuit cash advances are typically made against personal injury claims.  When a person files a claim with the help of an attorney, they may be approved for a lawsuit cash advance against their lawsuit.  Prior to approval, the company will evaluate the case to determine if it is winnable.  If during the evaluation phase, the case is thought to be a winner, it’s likely the case will be approved for funding.

Finding the best rate for a lawsuit cash advance is very important.  Alliance Claim Funding understands how important good rates are to their clients. For more information fill out the short contact form located on the left-hand side of this page. Or, click the Live Chat button for immediate assistance.

 

 

 

Legal Funding and Wrongful Death Cases

 

The loss of a loved one is always devastating.  But, when that death is due to the wrongful actions of a person, or company it just compounds the pain.  Wrongful death lawsuits are typically filed by the deceased survivors. This is a difficult situation on many levels.  The legal process can be emotional as it brings back the trauma of losing this person.  In addition, since these cases can take a very long time to reach a conclusion, there is typically the added pressure of reduced income, past due bills, extra expenses and many other financial burdens that just make the situation that much worse.

Legal Funding Can Help Wrongful Death Plaintiffs

Alliance Claim Funding is one of the country’s leading and highly respected legal funding companies.  The team of professionals at Alliance Claim Funding is there to help you ease your financial concerns by providing quick, affordable, legal funding on your pending wrongful death legal claim.

Wrongful Deaths Happen for Many Reasons

When a person or company is negligent it puts everyone at risk.  Unfortunately, wrongful death is rather common in our country.  Many of these wrongful death cases are from motor vehicle accidents, medical malpractice fatalities, premises liability, product liability, traumatic brain injury fatalities, and workplace fatality injuries.  Additional wrongful deaths are seen with motorcycle accidents, aviation accidents, car accidents and pedestrian accidents.

The Centers for Disease Control says there were over 45,000 motor vehicle fatalities in 2005 alone and over 42,000 traffic fatalities in 2006.  Of those fatalities over 5,000 were from trucking accidents.  These numbers indicate that motor vehicle accidents are the leading cause of death and severe injury among unintentional accidents.  In addition, the National Traffic Safety Administration has said that drunk driving accidents in 2008 alone accounted for almost 12,000 deaths, which is a whopping 9% increase over the year prior.

How to Get Help with Legal Funding?

Alliance Claim Funding will review your application for legal funding promptly.  They will consult your wrongful death attorney, review documents, and let you know in a timely fashion if your case is approved.  Approval for legal funding is always based on the strength of your case.  Once approved you will receive the money quickly and can use the funds for whatever you like.  Unlike typical bank loans, you do not have to pay a dime until, and unless, your case settles.  In the event your wrongful death lawsuit loses in court, you are not required to pay anything back to the legal funding company.

 

What is Personal Injury?

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Personal Injury

Personal injury is a legal term for an injury to the body, mind or emotions.  This type of injury is limited to the body and does not include property.  The term is typically used to refer to a tort lawsuit where an injury to a person is caused by negligence.
The most common types of personal injury claims are road traffic accidents, accidents at work, tripping accidents, assault claims, accidents in the home, product defect accidents (product liability) and holiday accidents. The term personal injury also includes medical and dental accidents.

If the negligence of another party can be proved, the injured party may be entitled to monetary compensation from that party. In the United States, this system is complex.  Attorneys often represent clients on a “contingency basis,” in which the attorney’s fee is a percentage of the plaintiff’s eventual compensation, payable when the case is resolved.

Filing and waiting for a case settlement can take a long time.  During this time plaintiffs can feel financial and emotional stress.  This is why many people work with their lawyer to secure lawsuit settlement funding.

A lawsuit settlement funding is an upfront advance of funds from a pending lawsuit. The amount advanced is usually an amount that is less than the expected amount from a pending lawsuit.  Lawsuit settlement loans are very different than typical bank loans as they do not require a credit check, an income amount, or a statement of employment history

A lawsuit settlement loan is based on your pending lawsuit. If your lawsuit does not come out in your favor, the loan does not have to be repaid.  So, in order to qualify for a lawsuit settlement loan your case should be strong and winnable.

Lawyers are prevented from lending any money to clients. The American Bar Association has strict rules against such funding from lawyers to clients. The rules were devised to prevent any kind of conflict of interest that would change the legal advice from your attorney.