Tag Archives: personal injury settlement

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.

 

 

 

What is Personal Injury?

debt

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.