It’s not exactly new, but pre-settlement funding is weaving its way into the public consciousness as a resource for plaintiffs in the throes of litigation and in need of cash. Immediate access to settlement or compensation funds is possible through a third party.
Interstate Lawsuit Funding is not a banker and not a lawyer but rather an investor in the outcome of your case.
Should litigation prove unsuccessful, the plaintiff pays nothing back. We assume all the risk. We take the hit if the case is lost.
For plaintiffs struggling with money or health issues resulting from a personal injury, job loss or inability to work are often strapped for cash. Clogged courts and the slowness of the legal system can take years – time many plaintiffs simply don’t have.
Interstate Lawsuit Funding is the answer many people turn to for cash in advance while they’re waiting for their settlement or for their day in court.
A cash advance against your upcoming settlement is risk-free and your personal credit history is irrelevant. The decision to fund you is based on the merits of your case. All you need to to is fill out a simple online application on our website or give us a call.
Law Suit Funding Procedure
Law suit funding is very important as you await settlement for a law suit. Most insurance companies will endeavor to delay any kind of settlement in a bid to make you settle for less due to increasing money demands. It is important that you do not settle for less but instead play the waiting game with the insurance company. If you do not have any funds available for any expenses that you may be incurring as a result of your accident, or even for just the normal everyday expenses, then your best bet is to settle for law suit funding. With the added advantages this type of funding offers, you can achieve a lot more as you deal with your financial difficulties. There are certain procedures that need to be followed when applying for law suit funding and they include:
Interview with Attorney
First and foremost the law suit funding company has to initiate contact with the attorney handling your case so as to review the case and look at the facts. This will help establish the strength of your case and help the law suit funding company decide how much funding is appropriate for your case. This is also to ensure that the attorney handling your case is working on a contingency fee agreement, meaning that he or she only gets paid if you win the case.
Collection of Client Information
Next, the law suit funding company will collect copies of all the information the attorney has on the plaintiff as related to the case. This can be provided by anyone at the attorney’s firm. This information helps generate a file for purposes of the funding agreement.
Depending on the strength of the case, the law suit funding company will make an offer to either the client or attorney handling the case, depending on what was agreed. At this point, the client or attorney determines whether the funding is appropriate and if the agreement is acceptable. It is important to note that the funding offered does not go towards paying the attorney but rather to deal with whatever financial obligations the client may have as a result of the accident or injury.
The client is expected to review the offer with their attorney and make a decision as to whether to accept the offer or to reject it. If the offer is accepted, a funding agreement is then forwarded to the attorney’s firm where it will be reviewed to establish that everything is as agreed. The client is then expected to sign the agreement, which is acknowledged by the attorney and the agreement sent back to the law suit funding company.
Once the funding agreement has been completed and received by the funding company, payment is immediately effected through a check or wire transfer.
Once this is complete, all that remains is for the attorney to provide periodic updates as regards the case and to make payment to the law suit funding company once the settlement is effected.
For more information about the benefits of lawsuit funding, click the link below or copy and paste it into your web browser: https://interstatelawsuitfunding.com/how-it-works/
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.
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!