What is Lawsuit Funding?
It’s no surprise that it can take months or even years to settle a lawsuit. In fact, on average, it can take up to three years to reach a settlement for personal injury cases. But here’s the thing: life doesn’t stop while you wait for your lawsuit to settle in court.
Mortgages, living expenses, medical expenses – they stop for no one and will continue adding up even if your situation has put you out of work.
Falling behind on bills? You could:
Rely on credit cards
Take out a personal loan
Borrow money from a friend or family member
Putting Money In Your Pocket, Fast!
Lawsuit funding is funding that is provided to plaintiffs before their case is settled. Essentially, it is designed to help people in the middle of a lawsuit stay afloat with their finances while their case is still pending and can be used however it’s needed (although most people use it to cover living expenses, out-of-pocket medical expenses, and vehicle repair/replacement).
When you work with a company as experienced as ours, you can get this funding in as little as a few days.
Benefits of Lawsuit Funding
No risk for a great reward.
Using credit cards or getting a personal loan can help you temporarily, but when all is said and done, you will have to pay those debts back. With lawsuit funding, you will not have to pay back any debts if you do not receive settlement funds. The money is still yours, and no action will be taken against you.
No credit needed.
It can be very difficult to get a loan if you have bad credit. But that’s not what we’re looking at. We base our decision on the information we receive from you and your attorney and not on your credit, ability to work, or assets.
No need to make hasty decisions.
If you are relying on your settlement to cover your bills, you may be tempted to make quick decisions regarding your case. But, having the right financial resources up front gives you and your attorney more time to make smart decisions and negotiate a fair settlement.