The Advantages of Lawsuit Funding

Lawsuit funding, otherwise known as legal funding or settlement funding

as the names suggest, issues cash in advance which helps to reduce the financial pressure you can expect while awaiting settlement for a case in court. This type of funding mostly deals with accidents or wrongful deaths where the plaintiff was clearly not on the wrong and there is a high possibility of settlement. One thing you need to know is that lawsuit funding isn’t for everyone. If you have the capability to wait out your case until the outcome is heard then you are better of waiting for the settlement. If you are experiencing extreme financial pressure or maybe the accident may have made you unable to carry out your daily work duties and therefore cannot receive any income, then you are the right candidate for lawsuit funding. There are a number of benefits that come with lawsuit funding and these include:

Leveling the Playing Field – In the event that you are going head on into battle with a big company or an individual who is well off, you can expect them to have hired the best possible legal team money can buy. Instead of settling for a legal aid representative who will do a mediocre job, you are better off getting lawsuit funding so as to get qualified representation that will get you the compensation you deserve. In this aspect, legal funding may be your best option.

Lawsuit funding will provide you with cash.

This can keep you going while you await settlement. There may be some bills that you may incur like the down payment for the lawyer or other such like bills that require some money. With lawsuit funding, you are ensured continuity in everything as you await settlement.

Ease Stress – Lawsuit funding will definitely reduce the stress you may be undergoing. It can help ease stress for you and your family because of the anxiety caused by the accident which was not anticipated. You can use these funds to take your family somewhere to take their minds off whatever may be happening.

No Settlement No Pay – A great advantage of lawsuit funding is that if you do not win the case or if you do not receive compensation then you are entitled to keep the money you had received from the lawsuit funding without having to make payment to the funding company. This means that you only pay back the company in the event that you win the lawsuit and are compensated or you settle out of court. This makes it a win win situation for the plaintiff.

Most lawsuit funding companies will offer lawsuit funding of between 10% and 15%. This means that after you have settled with the funding company and the lawyer, you will still retain a substantial amount of the settlement fee.

Lawsuit funding is definitely the way to go for those without money or with nothing to support them during the period of the ongoing law suit. If you already have some money set aside for emergencies such as an accident then you might want to avoid lawsuit funding.

Inquire about a Lawsuit settlement advance by filling out our 30-Second Application.  It’s simple to find out how much money we can send you!

Interstate Lawsuit Funding funds plaintiffs in 46 states plus Washington, DC.

Qualifying for Lawsuit Funding

Do You Quality For Lawsuit Funding?

Legal funding has often been confused with a loan, though this is not the case. Legal funding is a fairly new concept having been introduced around 1997 with few people having grasped the concept to this day. Many people who are not aware of litigation funding (as it is otherwise known) still turn to personal loans and credit cards in a bid to cover their legal costs or their personal expenses as they await their matter to be resolved in court. The major difference between lawsuit funding and a loan is that you do not have to repay your legal financing aid if you are not awarded the settlement. There are a number of requirements that come into play for one to qualify for legal funding and these include:

First and foremost you need to have hired the services of an attorney. The attorney needs to be hired on a contingency fee agreement basis meaning that he or she does not get paid unless the plaintiff wins the settlement.

Another requirement for legal funding is that the plaintiff must have suffered a personal injury from an accident where the defendant’s negligence comes into play or the plaintiff needs to have suffered a civil rights violation at work.

The case also needs to be fairly strong meaning that the plaintiff or litigant is not at fault. As regards the defendant, be it a company or an individual, they must have the ability to pay the settlement. Most cases deal with the defendant’s insurance company giving the plaintiff a higher chance of qualifying for legal funding.

The attorney representing the plaintiff needs to agree to the legal funding transaction and this can be done by the attorney signing a legal financing agreement. The legal financing agreement means that your attorney agrees to the funding arrangement and agrees to make payment to the legal funding company after the settlement is made. As a plaintiff, it is wise to be wary of those legal funding companies that do not require your attorney to sign any form of agreement. The best course of action in this case is to have your attorney look at the agreement anyway to ensure that there are no hidden clauses.

The amount to be approved by the legal funding company is solely dependent on the damages sought and the amount that can be financed by the company varies from company to company though most trends indicate that most companies offer between 10% and 15% of the compensation sought.

Find out how much you qualify for. Fill out the 30-Second Application.

The advantages that legal funding offer have seen many more people turning to legal funding as this brings about a level playing field if one is going up against a large corporation or against an individual with deeper pockets than they themselves have. The fact that most of these lawsuits tend to drag on for long periods of time means that one is better off considering legal funding when going up against a more powerful opponent.

Lawsuit Funding In Alaska

There’s good news for residents of Alaska who are involved in a personal injury case or other type of lawsuit where a cash settlement is involved.  You can get a lawsuit cash advance instead of waiting for your settlement or for your day in court.

Many times, injury prevents you from working but life goes on.  You have bills to pay. Now, you can tap into a portion of that money so you can take care of your your day-to-day needs and monthly obligations .

There’s no credit check.  All you do is fill out the 30-second application on our website to get this process started.  

Find out how much money you can get!