Financial stress can cause a great deal of worry and emotional trauma. A lawsuit cash advance can be a financial lifeline to plaintiffs who are pursuing a long drawn-out lawsuit. Filing and seeing a case through the legal system can, and typically does, put a strain on finances during the time it takes for the case to finally settle. However, there is help available with a special kind of funding known as a lawsuit advance.
If you are a plaintiff in a case and your money is running low, and your lawsuit still hasn’t settled, it might be a good time to consider a lawsuit advance to help ease the financial crunch you are in. This type of lawsuit loan can take the financial worries out of your life with money when you need it most. A lawsuit advance can bridge the gap from your injury/accident date to the final settlement date in your case.
While many times referred to as a “loan”, a lawsuit advance is not a loan. It is an advance of money based on the strength of your case, prior to a financial award at the time of settlement.
A respectable funding company like Alliance Claim Funding reviews your case and determines how winnable your case is, and how likely a settlement will be. The money is approved for strong cases that are deemed likely to win. If the review shows a strong case, then the lawsuit advance company will make an offer of funding.
This lawsuit cash advance will provide you money now in a specific amount, to be paid back at the time of settlement. There are no installment fees or payments due prior to case settlement like a regular bank loan. The money is yours to use as you wish until the time your case settles. When you case reaches a conclusion, the funds are paid back in full. In most cases the lawsuit advance is used by plaintiffs to pay for immediate living expenses and to cover medical costs, which can take huge pressure off plaintiffs who are struggling to survive.
A lawsuit advance is available to a wide variety of cases, including medical malpractice, personal injury, employment discrimination, and wrongful death, to name a few.