Lawsuit cases are filed by a number of people to get the proper settlement from the defendant. But, most of the plaintiffs are not able to pursue their case, as it takes a very long time to settle while putting a financial strain on them. Though, the options of lawsuit funding are available for the claimants, which enable them to overcome the financial pressure. Lawsuit cash advance loans is one such legal finance solutions offered by litigation funding companies to the people having a pending lawsuit. The received funds can be used to pay the various bills of their daily expenses such as home rent, legal fees, medical bills, utility bills, transportation charges, and more.
In spite of being termed as loan, this legal fund is not a loan, but a kind of non-recourse payment. To get a loan from a bank or financial firm, you have to give your property or valuable assets as collateral to the lender. And if you do not deposit the borrowed money along with interest rate within the stipulated time period, they may seize your assets kept as security. However, when you apply for lawsuit cash advance loans, the lending firm will never ask you for any collateral. The approximate amount of your settlement is treated as collateral and the funds are repaid when the verdict is announced in your favor, and you get the just compensation.
With lawsuit cash advance loans, you can have a good amount of money before the settlement of your case. There is no verification regarding credit history or employment carried out by the lender. Thus, you can avail this financial assistance even if you have a bad credit or no credit. You need not pay any upfront charges or monthly payments for this fund. If you lose your case or the amount obtained in compensation is not greater than the borrowed funds, then you are not liable to repay it. The funds are paid back to the lender, only after the lawsuit is rightly settled in your favor.
In order to get this lawsuit funding, you have to apply to a reputed litigation funding company, either by visiting them or through their online website. While summiting an online application, you need to give information about your case and the attorney, if you have hired one. The application will be processed and a release form is sent to you regarding acquiring detailed information from your attorney about the lawsuit. Based on the documents submitted by you, the possibility of winning the case is evaluated and the amount of lawsuit funding is decided on the strength of your case.
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.