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.