Pre-Settlement Lawsuit Funding “Need To Knows” Presented by Lawsuit Financial

Thousands of innocent victims are injured or die due to the negligence of someone else. These unfortunate events can result from an auto accident, medical malpractice, nursing home negligence, slip and fall, or product liability. Often times, the more serious the injury, the harder it will be for a plaintiff to withstand the litigation process. While insurance companies and large corporations have deep pockets to withstand a long-drawn out legal battle, plaintiffs have fewer resources especially one who is out of work or requires around-the-clock care, or one who has lost a sole bread-winner. Powerful defendants know this and will purposely deny, delay, and defend a claim in hopes that the plaintiff will accept a low-ball offer just to meet financial needs. Few plaintiffs are aware that there is a better option.

Lawsuit Financial, one of the most experienced in the legal finance industry, shares ten pre-settlement lawsuit funding “need to knows” to help financially-strapped plaintiffs.

What is pre-settlement funding? Pre-settlement funding is a cash advance that provides plaintiffs in the pending lawsuit emergency cash against the expected proceeds of their settlement.

Who can apply for pre-settlement funding? Any personal injury victim who has retained an experience attorney and has filed a personal injury lawsuit can apply for pre-settlement funding.

When should a plaintiff apply for pre-settlement funding? Typically, plaintiffs will apply for pre-settlement funding when a case is long and drawn out and there is an immediate financial need.

Why should a plaintiff apply for pre-settlement funding? A plaintiff should consider pre-settlement funding when the case is long and drawn out, the bills are piling up, and there is no other sources of cash – savings, family, friends, etc. – to tap into.

How does the funding company determine if a plaintiff can obtain pre-settlement funding? Once a plaintiff applies for pre-settlement funding, the funding company will contact the plaintiff’s attorney for case documentation. The only requirement for approval is a case with merit. If the case is deemed to have merit, funds will be awarded based on case value. There are no credit checks or employment verifications.

How long does the application and approval process take? The application takes less than five minutes to complete. Once you apply we work directly with your attorney to quickly assess the strength of the case. If the case qualifies for funding, we can wire transferred or overnight mail the funds within 24 – 48 hours. There is no credit check or employment verification, and no application fee.

How can pre-settlement funding be used? Pre-settlement funding can be used for anything the plaintiff deems fit, but is typically used to pay the essentials – medical expenses, mortgage or rent payments, tuition, auto payments, groceries, as well other necessities.

Why can’t plaintiffs apply for a traditional bank loan? Most traditional banks will not provide a loan against a lawsuit. Additionally, banks require monthly payments, credit checks, and employment verification, as well as the promise to pay back the loan whether or not the plaintiff wins the case.

When does the “lawsuit loan” have to be repaid? Once the legal proceeding is finished and a settlement has been reached, the funding company is repaid from the proceeds of the lawsuit.

What if the plaintiff loses the case? Because pre-settlement funding is provided on a non-recourse basis, if the plaintiff loses the case, the lawsuit cash advance is completely waived.

If you are in a pending personal injury lawsuit with attorney representation, you are eligible for pre-settlement lawsuit funding. Call Lawsuit Financial at (877) 377-7848 for more details or apply online. We also offer a free, no-obligation case evaluation.

About Lawsuit Financial

Lawsuit Financial Corporation is a pro-justice lawsuit funding company that seeks to educate plaintiffs and attorneys about lawsuit funding. Our company is an attorney owned and operated full service legal finance company recognized by attorneys nationwide as a preferred choice for legal funding services. Mark Bello, CEO and General Counsel, is recognized as an expert in this field, both as an underwriter of these transactions and as an advocate for appropriate treatment of plaintiffs/clients in this industry and in litigation.