The cost of filing a lawsuit can build up huge burden on customers. Lawsuit funding is a quick and easy process of getting a desired amount of money so that an individual can carry out activities such as paying legal bills or fee. Settlement funding company pays cash to a litigant in exchange for a profit share of settlement amount. Some of the most common types of funds that a funding company deals in are personal injury lawsuit funding, pharmaceutical, sexual abuse, breach of contract, vehicle accident, life insurance, commercial litigation, civil rights, compensation and construction accident. Lawsuit funding is very beneficial to finance seekers because of following points.
Less than 24-hour time for approval – A lawsuit company pays cash advance, settlement loans or legal funds to plaintiffs within 24 hours. Officials put all the paperwork, terms, conditions and application forms before a finance seeker within a 24-hour time limit. They evaluate your case, tell you what your settlement is worth and provide you with the agreed amount at the same time.
No payment until case settles – Litigants do not have to pay any fee monthly, quarterly or annually until the case settles. In case of bank loan, an individual has to pay interest but lawsuit-funding companies do not charge any interest or fee until you win the case.
No Credit Checks - If a person is seeking personal injury lawsuit funding to pay medical bills, doctor’s fee, etc. he does not need to worry about credit checks. The lawsuit funds are free from other requirements too just like employment checks or property checks.
No beforehand fees - Banks always ask an individual to pay an advance amount, in case he is seeking loan from them. Nevertheless, if an individual considers funding companies to seek cash, he is not required to pay any advance amount. The payment that you receive is free of risk too i.e. companies take full responsibility by investing in your case.
Direct funding - When applying for a loan from lawsuit funding company, you are not likely to tackle tricky dealings. Just submit all the legal proceedings of case with officials of company and he will put you in a question-answer round. Once you give all the answers truthfully, your payment will be approved and you will receive funds directly.
In personal injury lawsuit funding the companies ask questions related to others too. The questions may be who else was with you, how many were injured, were you driving under influence, etc.
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.