When a Plaintiff Faces Pressing Financial Issues, Pre-Settlement Lawsuit Funding Can Help

In a country rather famous for being litigious, it still seems that a valuable service for cash-strapped plaintiffs is still relatively unknown.  It’s called pre-settlement lawsuit funding.

When a lawsuit takes months, even years to settle, a plaintiff may face financial difficulty. While some may have access to resources that would keep them stable until a case is settled, not everyone is that fortunate. For those victims, how will the bills get paid, and who will pay them?

Here is how pre-settlement lawsuit funding works. A company buys an interest in a pending meritorious lawsuit by providing a cash advance to the plaintiff. This cash advance, plus interest, is then paid back if, and when, the plaintiff wins their case. If the case is lost, the repayment is waived.

Most companies require documentation to review an application for funding, though there can be a substantial difference in the amount of paperwork required. Lawsuit Financial requires a completed one-page application and minimal case documentation from your attorney. For example, in an auto accident case, your attorney would submit the completed one page questionnaire along with a police report, proof of insurance and policy limits, and medical documentation limited to a description of the injury and its relationship to the accident. Once received, we can typically review your case and have a funding decision within 24 hours. Upon approval and contract execution, the cash advance can be wired directly into your bank account or sent via overnight mail.

Pre-settlement lawsuit funding is not a perfect solution and it is not for everyone. While it is not a process to take lightly, it merits your consideration in the right strategic situation. If you are already having a difficult time making ends meet, leveraging our legal funding can take away the financial distress so you can pursue your case to its just conclusion without worrying that you have to settle your case just to pay your bills.

Lawsuit Financial is dedicated to getting you the money you need when you need it the most and our customer service is second to none. Call us today for a free, no-obligation consultation and see how we may be able to help you and your case.