Legal Funding is a great way for plaintiffs who have a pending lawsuit to receive a lawsuit cash advance on their future settlement. This funding is a huge benefit to plaintiffs who are feeling financial pressures and would be forced to settle their case early without some emergency funding to help meet their growing financial obligations.
Legal funding can offer huge relief to plaintiffs as they can prevent them from having to settle early which means a lowered settlement far less than the financial settlement that is expected in the case.
Applying For Legal Funding
If a plaintiff is interested in a legal funding, the application process is quick and easy. A legal funding application is simple and straightforward and very different than a regular bank loan. There are no credit checks or work history considered when applying for the funding. The loan is reviewed merely on the strength of the case. Once the application is made by the plaintiff the legal funding company consults with the lawyer handling the case to obtain necessary information and documents on the case. If the loan is approved the amount of lawsuit funding offered is a percentage of the perceived final settlement amount.
Legal Funding Loans are Non-Recourse Loans
Legal funding loans are considered a non-recourse loans which means the funds are only paid back if the case wins and no funds are required to be paid back until the case settles. There are no monthly fees or payments required with legal funding . Only when a successful case settlement is reached is the money paid back.
Legal funding is growing in popularity as they empower the little guy and girl as they seek to find strength against powerful lawyers hired by the defense.
Legal Funding is Beneficial for Lawyers and Plaintiffs
There are many benefits to both plaintiffs and their lawyers with legal funding. A plaintiff who has suffered a personal injury is already struggling to deal with life and financial obligations. In many cases they are in such financial turmoil they are unable to get a regular bank loan and their credit cards are maxed to the limit as they struggle to pay living expenses and possibly higher medical expenses due to a personal injury.
Apply for legal funding is an easy and logical place to go for help in these situations. The funding can change the personal landscape for the plaintiff giving them much needed monetary support which not only helps them take care of expenses but also offers them strength to carry on and see their case through to settlement.
Alliance Claim Funding is a respected legal funding company with a deep understanding of the plight of plaintiffs.