Insurance companies never want to pay out what you deserve; they are in business to make money, not to pay out every penny to injury victims.  When you are broke due to your inability to work, time spent in court and mounting medical expenses, settlement loans help get you back on track so that you aren’t tempted to “give in” and settle for less.  Litigation funding is a process in which the company reviews the details of your lawsuit, which are submitted by your attorney.  If you are approved (and most are other than frivolous lawsuits), you can expect to have the money you need quickly, usually the following business day.

How will you repay the loan?  Good question.  There are no monthly payments to add to your financial worries.  You only repay the settlement funding company at the time you win your settlement, so there are never any out-of-pocket expenses.  If you receive your money through a structured settlement, those payments can be used to repay the loan, and you will still have money left over.  And what if you do not win?  You owe nothing at all, because the process is non-recourse.

How much of an advance can you expect?  Settlement loans are based on how much your expected settlement is worth, and are usually given in amounts between $500 and $250,000 or more.  Most of the time you can expect about 10% of your expected compensation to be offered, so if you expect to be awarded $250,000 it is likely that your advance will be approximately $25,000.

What can the money be used for?  In most cases, settlement loans can be used to pay medical expenses, household bills, attorney fees or even for repairs to your car if it was damaged in the accident.  Litigation financing is simply a way for you to live comfortably and avoid bankruptcy while waiting for the full settlement you deserve.

With no up-front costs, risks, credit checks and other hassles, settlement loans are a good way to get the money you need immediately.  You put up no collateral, because your expected settlement is your guarantee that the loan will be repaid.  If litigation financing sounds like a reasonable solution for you, discuss the possibility with your attorney today, or learn more online.

Who can request a lawsuit loan?

Either the plaintiff in a lawsuit or that plaintiff’s attorney can request a lawsuit loan. A plaintiff is identified as someone who has initiated a lawsuit against a person or entity with the intent of collecting monetary damages. The attorney or law firm representing the plaintiff does so against the defendant and the defendant’s attorneys.

Who can give a lawsuit loan?

Lawsuit loans are usually given by either private investors or hedge fund companies. With private investors, they usually provide funding depending on the case, and they can also purchase portfolios from other companies. They may diversify their monies by investing in other companies that provide settlement funding.

How do you qualify for a lawsuit loan?

If you’re the plaintiff in a personal injury lawsuit or a lawsuit involving commercial litigation, you may qualify for a lawsuit loan. Personal injury lawsuits especially may qualify for lawsuit loans, because people injured as a result of a company’s negligence (such as a product malfunction that results in injury and loss of income or disability) may need money to live on if the disability incurred means they cannot work. It isn’t always possible to qualify for a lawsuit loan, but underwriters generally have less restrictive qualifications for loans involving personal injury as compared to those with commercial litigation. If you request a lawsuit loan, you must have an attorney who is working on a contingency basis, and that attorney must approve of your request for a lawsuit loan.

Different types of funding

Lawsuit loans come in two different types: pre-settlement and post-settlement funding. With pre-settlement funding, money is borrowed against the pending lawsuit, where there’s been no verdict or settlement given. With post-settlement funding, a verdict has been reached in the plaintiff’s favor, and/or a settlement has been reached whereby the plaintiff will receive some monies as a result of settling the case.

Other considerations

Lawsuit loans for personal injury cases are generally easier to get than those that occur as a result of commercial litigation cases. The underwriting process for settlement funding in commercial litigation is quite a bit more complex in general than that for personal injury, and may take longer to approve.

Why would someone who has been injured face financial difficulty?  Considering the medical expenses and the fact that you may be unable to work, you could find yourself in deep financial trouble.  Settlement loans are designed so that the victim can get money quickly in order to pay their bills and live comfortably during the duration of a lawsuit.  Depending upon how much you expect to win, litigation funding companies may advance a few hundred dollars or even hundreds of thousands.

Unlike conventional loans, settlement loans require no credit checks, employment history and other such information.  The application relates only to your lawsuit.  Should you decide that litigation financing is the right route for you to take, your attorney will be required to fill out the paperwork and submit to the funding company.  Generally speaking, it takes only 24 hours or less to learn if you qualify.

Will you have to make monthly payments to the litigation funding company once you get an advance?  No.  This is the beauty of settlement loans; you only repay the advance once you win your lawsuit and have your money.  These “cash advance” systems are non-recourse, which means should you lose your case you are not responsible for repaying the money.

Settlement loans are advantageous to you because you can pay your household bills, medical expenses, attorney fees and other costs without facing bankruptcy or other financial problems.  This allows you to place your focus on winning your lawsuit instead of worrying about whether you are going to face bankruptcy or be forced to settle with the insurance company.  We all know that insurance companies will compensate you far less than you deserve, so you want to avoid settling when at all possible.

You are the one who is injured and suffering, yet you are also the one who is having trouble paying the bills thanks to your injuries and the fact that you cannot work.  Level the playing field through settlement loans.  You can fill out a short questionnaire and learn more online, or talk to your lawyer about litigation funding.  It is one viable solution you should consider if you want to hold out to the end in order to get a full settlement from those who have wronged you.

In many cases, insurance companies will do their best to get you to settle for less compensation than you are entitled to.  Many people will agree with this, simply because they need money right now.  Personal injury lawsuits often take months and even longer to settle, so this is an attractive option for many.  However, settlement loans can help you avoid this, so that you can continue with your claim until the very end and get all of the  money you have coming to you.  Litigation financing companies offer this up-front cash advance based on the merits of your lawsuit.

How much money can you get?  It depends on the amount you are suing for.  Most litigation funding companies will offer you anywhere from $250 to hundreds of thousands, depending on what you expect to win in your lawsuit.  Settlement loans allow you to go on with life, paying monthly utility bills, medical expenses and other obligations while you continue to seek justice.  The process is extremely simple, and there are no up-front costs to you.  You simply repay the advance upon winning your lawsuit.  If you do not win for any reason, there is no recourse.  This simply means you owe nothing.

Unfortunately, some plaintiffs find that are facing bankruptcy if they don’t do something.  It’s very hard for most people to continue on for months fighting a lawsuit, while no money is coming in.  Settlement loans help you avoid all of this, so that you don’t face financial stress while trying to fight for your rights.  Those responsible for your injuries should be held accountable, and litigation financing companies help you make sure they are.  How do you get started?

Talk to your attorney about settlement loans, or learn more about the process online.  Your lawyer will submit an application to the litigation funding company, which contains information related to your lawsuit.  The company will then review it, and determine if you qualify.  This usually takes only one day!  If you are approved, you will have the money you need immediately, so that you can pay all of your obligations. This will help you focus on winning your lawsuit, since money worries won’t always be in the forefront of your mind.  Discuss settlement loans with your attorney now, so that you can refuse those offers to settle for less than you deserve.

You want to continue with your claim, so that you can get every dime you deserve.  Right now, you are so short on money that you may have trouble paying your bills, medical expenses and other costs.  You know that if you settle with insurance companies, you are likely to get much less than you would if you could continue with your claim.  A Lawsuit loan will allow you to do just that, without adding to your monthly expenses.  Settlement funding companies offer advances based on the merits of your case – and this money is not to be repaid until you win.

What if you do not win?  You owe nothing, so there are no worries about paying money back to the litigation funding company when you have no money.  Lawsuit loans are usually approved only if the company is fairly certain that you will win your case.  When you have been injured, it is likely that you have missed work, accumulated medical expenses and possibly costs for damages to your car if you were involved in an accident.  You deserve compensation for lost wages, medical bills, attorney fees and any other related expenses.

Perhaps you were injured due to the negligence of a large company or corporation.  These companies will fight aggressively, and prolong the lawsuit for as long as possible in the hopes that you will run out of funds, and settle out of court.  Litigation financing companies offer a solution to this problem; you can fight back for as long as you have to, and not worry about dwindling finances.  You deserve every penny coming to you – lawsuit loans enable you to achieve this outcome.

Your attorney is likely very familiar with this process.  He will submit the needed information regarding your claim, so that the settlement funding company can review it.  You will find out if you are approved right away.  If so, you will have the money you desperately need the same day.  Those who are negligent should pay for their actions – speak with your lawyer right away about the benefits of lawsuit loans.  This may be your ticket to seeking full justice!

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Did you know that trimming the wick of a candle can keep it from smoking?
Did you know that candles used to be made from tallow?

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