Tuesday, September 15, 2015

Lawsuit Financial Gives Power Back to the Plaintiff



When it comes to lawsuits, more often than not the side with the deeper pockets usually wins regardless of who is right. Why? Because insurance companies will use the technique of dragging out a case knowing most plaintiffs can’t financially withstand a lengthy litigation process. With limited or no financial resources, a plaintiff will give in, settling for much less than full case value.

Which side has the most money should never be the deciding factor, but until lawsuit funding bad situation just kept getting worse until the plaintiff gave in. Nowadays, lawsuit funding helps plaintiffs cover living expenses, personal obligations, and financial responsibilities. It also levels the playing field so plaintiffs and their attorneys have a stronger negotiating position and ability to receive the highest possible settlement.

If you have filed a lawsuit and are represented by an attorney, or have filed a lawsuit and are awaiting the trial or settlement of your case or payment of your settlement or award, you are eligible for lawsuit funding. Once Lawsuit Financial receives a funding application, we can usually make a funding decision within 24 – 48 hours, contingent on obtaining the necessary case documentation. We provide lawsuit funding based on the strength and value of the case, and there are no restrictions on how the money is used. Credit score and work history do not factor into our funding decision. The cash advance is provided on a non-recourse basis meaning that the plaintiff promises to repay the advance once the case settles.  If the case is unsuccessful, the repayment is waived. Additionally, if the case resolves at significantly less than predicted case value, we provide an appropriate compromise.

It is important to note that lawsuit funding should be considered as a last resort, after all other funding options are exhausted. Due to the high cost of this type of funding, any decision to accept an advance should be mad very carefully.

Lawsuit Financial Corporation is a leader in the lawsuit funding industry and recognized by attorneys nationwide as a preferred choice for legal funding services. 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. Get the experience and expertise you deserve. Call us today at 1-877-377-7848.

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