Keep Your Case Going
Individuals facing a pending legal case or in the middle of a long trial can rely on legal funding to make the process a bit easier. If you plan on filing a lawsuit you would be surprised at the benefits that can be gained from getting financing for your case. This type of funding can help to sustain your legal battle by allowing you to keep up with your personal finances while this battle goes on. It is important to consult with your attorney to determine how financing could help.
Considering Application Fees
When you are comparing legal funding companies it’s important to look at the application fees that they charge. Some companies charge high fees for their services which can cut into the amount of money you receive when your financing is complete. There are plenty of companies that offer much more competitive rates that are easier to manage. The process of evaluating your application should be free at many firms, which is why it’s so important to do your research and compare rates carefully before you apply to ensure you are working with the best company.
Looking into Interest Rates
The interest rates on legal financing will vary greatly from one company to the next. Some require you to pay a monthly interest rate while others don’t have this requirement. Some also charge interest from the moment the loan is issued which can get expensive. When you are examining legal funding solutions you want to look into which companies near you are the most reliable. Taking the time to compare your options will help you find a good funding company that will not overcharge for the services that you need.
Applying for Non-Recourse Funding
At 911 Lawsuit Loans LLC we don’t offer legal loans but non-recourse funding. This type of legal settlement funding does not require plaintiffs to pay their loan back if their case was not successful, allowing us to take on a lot more of the risk for this type of financing. If you do win your case you can pay back your loan using the settlement that you were given at the end of your court case. This is why companies are careful in evaluating the value of your case before accepting a loan application. You should take the time to work with your lawyer to determine the likely value of your settlement to ensure that you are applying for the right amount of financial aid.
Call Us Today 866-WE-FUND-U / 866.933.8638
About the author
Michael Smith is the Customer Experience Director at 911 Lawsuit Loans LLC and is responsible for client relations throughout the funding.