Plaintiffs Use Lawsuit Funding As Part Of An Overall Financial Strategy In Their Case

Personal injury lawsuits are filed so those who have suffered can recover compensation for their loss. An automobile accident lawsuit, for example, can help a victim pay for damaged property, repairs to their vehicle, medical expenses, rehabilitation costs, and lost income.

While a plaintiff is waiting for the case to wind its way through the legal system, s/he may be struggling financially, especially if unable to work due to injuries. Even once a case is settled, the defendant can file an appeal, delaying the settlement even longer. Banks and other creditors will only tolerate missed payments for so long before taking action; they are not sympathetic just because someone is in a pending claim. Late payments lead to penalties that further exacerbate a plaintiff’s financial situation. Credit can be so damaging that it takes years to rebuild one’s credit score to good standing.

A legal finance company can help make up for financial loss with a lawsuit cash advance. This means the plaintiff can receive some of the cash anticipated from the settlement, without the wait, so immediate financial needs can be met. The application process is quick and easy. Once the funding company receives an application, they contact the plaintiff’s attorney for case documentation. It’s that easy because there funding is based on case merit, not employment or credit history. If the case is approved for funding, a check can be mailed or the funds can be wire transferred to the client’s bank account within 24 – 48 hours of approval. With cash in hand, the plaintiff is less likely to accept an unreasonably low offer from the defendant. There are no payments until the case settles, at which time the funding company is repaid the advance plus accumulated risk premium directly from the case proceeds. If the case is lost, the funding company receives nothing and the advance is the plaintiff’s to keep.

It is important to note that while a lawsuit cash advance can be used anyway the client wishes, it is recommended for necessities. For example, if a plaintiff is behind on the mortgage or rent a lawsuit cash advance can help avoid foreclosure or eviction. It can also be used for ordinary monthly bills such as electricity, gas, telephone and other utilities to prevent these services from being cut off.

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.