A seriously
injured plaintiff is usually unable to return to work and has little or no
resources to pay the bills. Why not
apply for a bank loan? Many will not have
assets to use as collateral. If they
have collateral, they will not want to leverage their only valuable assets on
an uncertain case outcome because losing the case, could mean losing their home,
as well. Even if a plaintiff sought a
bank loan, chances of being approved are slim to none because banks
typically will not accept a personal injury lawsuit as collateral. Banks also require:
- Excellent credit
- Proof of employment
- Monthly payments, which begin immediately upon accepting the loan.
- Repayment, regardless of the outcome of the lawsuit.
With lawsuit funding, all that
matters is the strength of the case, the likelihood of success, and the amount
of the potential settlement. Lawsuit
funding is easy to apply for because:
- The lawsuit is the collateral.
- There is no credit check or proof of employment required.
- There are no monthly payments.
- There is no application fees or upfront charges.
- Repayment is made from the proceeds of the case.
- If the case is lost, the repayment is waived.
Despite the benefits to
lawsuit funding, do not jump at the first legal funding company you
encounter. While lawsuit funding is a
viable option, it is quite expensive.
Lawsuit Financial can help you understand the costs, if it is necessary
for your case, and how much funding is absolutely necessary. If you decide to proceed, the application and
approval process is quite simple.
- Complete our simple, on-page application.
- Your attorney faxes case documentation for review.
- Our underwriters review the case and determine its strength.
- If approved, funds are wired into your bank account, in as little as 24 hours.
Lawsuit Financial Corporation is headquartered in Farmington Hills,
Michigan, just north of Detroit. Our CEO, Mark Bello, has thirty-seven years experience as a trial lawyer and over fifteen years as an
underwriter and situational analyst in the lawsuit funding industry.
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