Key Players In The Lawsuit Funding Process

Personal injury victims in need of fast cash to help pay day-to-day living expenses, medical bills, or funeral expenses while their case is pending, may be eligible for lawsuit funding. A lawsuit cash advance not only helps level the playing field, but provides a fighting chance for plaintiffs to achieve justice.

Despite the ease in obtaining lawsuit funding, it is important to first understand the process and who is involved.

The Plaintiff (The Client)

Most plaintiffs turn to lawsuit funding when they have run out of other options. An eligible plaintiff is one who has a personal injury claim, legal representation and a strong case with merit.

The Attorney

An attorney is a fundamental part of the process because they must provide case documentation in order for the underwriters to evaluate case strength and the likelihood of a valuable settlement for the plaintiff. Additionally, if the plaintiff is approved for funding, the attorney will need to sign the funding contract acknowledging that repayment will be made from the proceeds of the case.

The Underwriter

The underwriter is the legal funding company or investor that is willing to advance immediate cash to the plaintiff. The funded amount is determined based on case strength and expected settlement. While some funding companies use outside investors, Lawsuit Financial has full-time underwriters on staff that evaluate each case and determines if it is viable for us to advance money.

The Funding Process

Step 1: Complete a funding application online or over the phone. This will take less than five minutes.

Step 2: The funding company will contact your attorney for minimal case documentation.

Step 3: If the request for funding is approved and the client accepts the funding amount, a contract will be prepared for signatures.

Step 4: Once the contract is signed, the legal finance company will wire the funds directly into the clients’ bank account or send a check via overnight mail.

It is really that simple! Unlike a traditional bank loan, there is no need for a credit check, employment verification, collateral, upfront fees, or monthly payments. Lawsuit Financial advances money based on case merit alone. Because of this, we can usually provide funding in less than 48 hours. We are only repaid once the case successfully settles. If the case is lost, we lose our investment and the repayment.

 
If you are a plaintiff, or representing a client, in need of help to relieve the financial pressures during a pending personal injury lawsuit, contact Lawsuit Financial. We are one of the nation’s leading lawsuit funding companies, highly regarded by attorneys nationwide. What separates us from our competition is our excellent reputation for honesty, care, and personal touch. Simply providing a lawsuit cash advance to a client is not our only responsibility. Our top priority is to do what is best for the client, the attorney, and the case, regardless of whether we turn a profit.