Pre-settlement funding is simply a process in which an injured victim who qualifies may get an advance on a pending personal injury lawsuit settlement. If you qualify for litigation financing, the money you receive can be used to pay household bills, medical costs, to buy groceries, for attorney fees and more.
Personal injury plaintiffs often face a very difficult situation financially; between medical costs and lost wages, it can become nearly impossible to pay the bills and meet financial obligations. This is where an advance comes in handy, and can possibly prevent foreclosure or bankruptcy.
How much of an advance can you get if you qualify for pre-settlement funding? In most cases, about 10% of what you expect to win in your lawsuit. For instance, if your attorney filed a lawsuit for $375,000, you can expect an advance of about $37,500 if approved for an advance.
What does it take to get approved? Your lawyer will submit the necessary information to the litigation financing company regarding the lawsuit, how your injuries occurred, and the seriousness of those injuries. Most applicants who have strong cases which are likely to be won do qualify. Frivolous or “weak” cases are not accepted. In addition, it makes no difference if you have bad credit or no credit. Litigation funding companies are interested only in the validity of your claim, not your background record or employment status.
How do you repay the advance? Pre-settlement funding is a process which is no recourse, which means that you only repay the advance and applicable fees and/or interest if you do win your lawsuit. If you do not, you owe nothing. You will only repay the funding company at the time your lawsuit is won and you have your money in hand, so there are no monthly payments to worry about.
There are no up-front costs or out-of-pocket expenses with pre-settlement funding, and you can get the money you need almost immediately if you qualify. In essence, you are simply “borrowing” against your own money. Once you repay the litigation financing company the amount that was advanced to you plus fees and interest, what remains is yours.
Pre-settlement funding makes it possible to live comfortably and keep creditors from hounding you while you wait for your lawsuit to reach completion. Your attorney knows all about this process, so discuss the benefits and whether it would be a good option for you today. You could have the money you need by tomorrow!
You may have heard of settlement loans, particularly if you are the plaintiff in a personal injury lawsuit. The name is a little misleading, considering this type of litigation funding is actually not a loan at all, but a cash advance given against a pending lawsuit settlement to those who are approved. Essentially, if you qualify you are getting a percentage of your own money, that which you expect to be awarded in your lawsuit. So, how does it work?
Basically, the litigation funding company must approve settlement loans, which is easily accomplished. If you are the victim of negligent circumstances and have suffered legitimate injuries, chances are you will qualify. Settlement loans are not given for lawsuits which are considered frivolous; however, if your case is a legitimate one which is likely to win, you will likely qualify. You and your attorney will submit the required information to the funding company, which will include the details of your injuries and the accident or circumstances which caused them. Personal information such as credit rating, employment history or status, and criminal background will not be required.
Once the litigation funding company has all of the information for review, it will be determined whether you qualify quickly. With settlement loans, you can expect to get the money you need to pay household bills, medical expenses, attorney fees, and more within 24 hours of approval. In most cases, the financing company will advance about 10% of your expected settlement, so if your attorney valued your claim at $237,000, you can expect an advance of about $23,000 to $24,000.
Most personal injury plaintiffs find themselves in a financial bind because of their injuries, related medical costs, and inability to work. You will not be asked to pay any fees up-front with settlement loans, and there are no out-of-pocket expenses to make a bad financial situation worse. Repaying the loan is simple; you repay the litigation funding company only when your lawsuit has been won, and you have your money. Any interest and/or fees which apply will be paid at that time as well. If for any reason you fail to win your lawsuit, you will not repay the funding company, as settlement loans are no-recourse.
Settlement loans make it possible for those involved in personal injury lawsuits to get the money they desperately need quickly, without putting themselves at financial risk. If you are the plaintiff in an injury lawsuit, speak with your attorney about this type of funding to learn if it may be a suitable option for you.
Are you the plaintiff in a personal injury lawsuit who was injured because of someone else’s negligence? If you are facing financial issues, you may want to consider personal injury loans. It’s very common for those who are injured to find they cannot pay the bills and meet other financial obligations; after all, medical costs related to injuries and being unable to work can take quite a toll on finances. How can you possibly live as you once did and keep the creditors off of your doorstep while waiting for your lawsuit to settle? Litigation funding is one solution that’s a good option for many.
Personal injury loans (also referred to as litigation funding) are really a cash advance given to plaintiffs who qualify. Not a loan at all, plaintiffs who have a strong case and who are approved may be able to get about 10% of their total settlement now, to pay household bills, buy groceries, and take care of other obligations. Qualifying is relatively easy, as long as your case is viable and will likely win in court. However, if your lawsuit is found to be frivolous, you will not be approved for an advance.
How can you repay an advance when you’re already having financial difficulties? With personal injury loans, there are no monthly payments, upfront fees or other out-of-pocket expenses to worry about. If you are approved and get an advance, you only repay the litigation funding company after your lawsuit has been won and you have been awarded compensation. At that time you will repay the advance, along with any fees and interest that may apply. If your attorney is unsuccessful in winning your lawsuit, you owe nothing at all – you do not repay the advance, fees, or interest.
But I have bad credit, how could I qualify for an advance? With personal injury loans it makes no difference whether you have excellent credit, bad credit, or no credit at all. The funding company will request information that your attorney will provide. This information pertains only to the accident or circumstances which caused your injuries, and the extent of the injuries. You will not be required to provide personal information such as employment history, criminal background, credit info, etc.
How quickly can I get an advance if I do qualify? In most cases you will get your advance within 24 hours, so there is no waiting for days or weeks when you need money immediately. Personal injury loans are one of the quickest ways to get the money you need right now, and without putting yourself at risk since you will not be responsible for repaying the advance if you do not win your lawsuit.
Find out more about litigation funding online, or ask your lawyer a few questions so that you can decide if it sounds like a good option for your circumstances.
Settlement loans aren’t really loans at all, but an advance given against an expected lawsuit settlement to someone who has been injured because of negligence. If you are not familiar with litigation funding and find that you are having a tough time financially while waiting for your lawsuit to complete, you will be interested in the following information.
Injured victims often face tough financial issues, particularly considering medical costs and lost income due to your inability to work or time spent in the courtroom. Settlement loans make it possible for you to pay the bills while you are involved in a personal injury lawsuit, which often take months or even longer to reach conclusion. This money may be used to pay medical or household bills, buy groceries, even pay attorney fees so that your lawyer can present the strongest possible case on your behalf.
Does every individual qualify for an advance? No. With settlement loans, you must have a strong case, not one that would appear to be frivolous or simply an attempt to collect money you do not deserve. Litigation funding companies want to know that the case is solid; this increases the odds that the company will be able to recoup the money advanced to the injured victim upon settlement.
If your case is strong and you are approved, you will receive your advance within 24 hours. The process and approval are easy; your attorney will gather the necessary information which includes that related to your injuries and the accident or circumstances which caused them. No credit checks, no background checks, no employment verification. Only the facts surrounding your case.
Settlement loans are also no-recourse, which simply means that if for any reason your lawsuit is not won, you do not repay the advance to the litigation funding company. This way you are at no risk financially, and do not end up owing money that you do not have. You will only repay the advance along with any fees and interest that apply if you do in fact win your lawsuit.
How much will your advance be? It depends on the value of your claim. For example, if you and your attorney are suing the defendant for $250,000, you will likely receive a settlement loan of about $25,000, or 10%. This is the percentage most often given to injury victims against a pending lawsuit settlement.
Litigation funding can be a lifesaver, helping you live comfortably while waiting to get the compensation you deserve. Is it for you? Ask your attorney about the benefits of settlement loans, and whether this is a process you should consider.
Lawsuit loans have been a good solution for many plaintiffs in personal injury lawsuits who find they are in a financial bind. When you are injured because of someone else’s negligence, it can seriously upset your life – including your ability to work. It often becomes hard to pay the bills and meet other financial obligations; this is what settlement funding is for. So, how does it work?
Rather than an actual loan, lawsuit loans are more of a cash advance against the settlement you expect to be awarded in your lawsuit. It’s your own money, you are simply getting access to a portion (usually about 10%) of it early. If approved, you can have the money you need in about 24 hours.
How do you get approved for lawsuit loans? It’s actually very easy, even if you have no credit or bad credit. With settlement funding, you are not asked to give personal information such as credit rating, employment status, etc. Your attorney will submit the required information, which includes how the accident or circumstances that resulted in your injuries occurred, and details on the injuries themselves. The funding company simply wants to ensure that your case is strong, and valid. Today, many people are money “hungry” and will sue at the drop of a hat. The company wants to ensure that yours is not a frivolous lawsuit.
Repayment of lawsuit loans. Unlike conventional loans where you typically make monthly payments, you only repay the settlement funding company when you actually get your money. You will also pay any fees or interest at this time, so there are never any out-of-pocket expenses. If for any reason you do not win your lawsuit, you will not repay the loan. You are never at any financial risk during the process.
Essentially, lawsuit loans allow you to pay the household bills, medical expenses, and other costs so that you can avoid potential bankruptcy or foreclosure while waiting for your lawsuit to settle. You will also have the money to help your attorney develop a strong lawsuit, increasing your chances of winning.
Personal injury lawsuits are notorious for taking months to complete; in the meantime, plaintiffs often find they are going broke. Settlement funding may help you prevent facing serious financial issues; speak to your attorney about whether it may be a good option for you today, or learn more about the process online.
Personal injury loans are not really loans, but a cash advance given to those who are involved in an injury lawsuit and qualify. If you are the plaintiff who suffered injuries in an accident or under circumstances caused by negligence or malicious conduct, you may be eligible for litigation funding. Essentially, you will be able to pay the bills or catch up on financial obligations so that you can avoid money worries while awaiting settlement.
Do all applicants qualify for personal injury loans? No, but most do as long as they have a strong, viable lawsuit – one with a good chance of winning. Litigation funding companies do not approve frivolous lawsuits, simply because the odds are high they will not get their money back. However, if your attorney took your case on a contingency fee basis, it’s likely you have a strong case, and that you will qualify for a loan.
Do personal injury loans have to be repaid on a monthly basis? No. If you are given an advance against your pending settlement, there will be no monthly payments or out-of-pocket expenses. You repay the loan along with any fees or interest that apply only when you have recovered an award and have your money. Otherwise, such as if you lose your lawsuit, you owe absolutely nothing.
How long does the process take, and what is involved? With personal injury loans, the entire process of applying and learning if you are approved is extremely quick. Your lawyer will submit the details regarding the accident or circumstances that led to your injuries, along with information about those injuries. It is not necessary to include background information such as employment history, credit rating, etc. The litigation funding company is only interested in your lawsuit, nothing else. Usually, the entire process from applying to approval and getting your advance takes only 24 hours or less.
Personal injury loans make it possible for the injured party to pay medical bills, household expenses and other costs while involved in an ongoing lawsuit. Many plaintiffs find this to be a very stressful time financially, especially when they cannot work. Litigation funding alleviates this stress, and makes it possible for you to live as you normally would while your attorney fights for justice.
This type of funding isn’t right for every situation, but many have found it to be the solution to their money problems. Discuss the options with your attorney, who can advise you if it may be right for you.
Personal injury loans are given to individuals who have been injured due to negligence, and who have a strong case. Often times, a victim may take the negligent party to court in order to obtain compensation for lost wages, medical costs and other related expenses. However, these types of cases can take months to settle, or even longer. At some point, many injury victims find they do not have the financial resources to pay the bills, medical costs, to buy groceries – it simply becomes hard to live normally. This is where litigation funding comes in.
Essentially, personal injury loans allow you to “borrow” from the settlement you expect to win in a lawsuit. Consider it a cash advance against your pending settlement, your own money. Because you can get the advance immediately if you qualify, you can pay the household bills and live comfortably while your attorney continues to fight for the full damages you deserve from those responsible for your injuries.
How much can you get with a personal injury loan? In most cases, litigation funding companies advance those who qualify about 10% of their expected settlement. If your attorney has determined your case is worth $350,000, $35,000 will go a long way toward allowing you to pay the household and medical bills, attorney fees and other costs for the duration of your lawsuit.
You don’t have to worry about out-of-pocket expenses with personal injury loans, as there are no up-front fees to worry with. All fees and interest will be collected when you repay the advance, which is only at the time your case is won and you are awarded a settlement. In the event you do not win your lawsuit, you will not repay the litigation funding company any portion of the advance, because the process is non-recourse.
Applying for a personal injury loan is a simple process, handled for the most part by your attorney. You will not be required to provide personal information such as credit rating, employment status, etc. Litigation funding companies are only interested in the details of your case and its strength. When you have a strong claim, the odds of your winning are greater, which is how funding companies determine if you qualify. Most will advance from $500 to $250,000 or more, depending on your particular circumstances.
Personal injury loans are not for everyone, but it may be a good solution for you. Through litigation funding, you can live comfortably, avoid financial stress and focus on winning your lawsuit. Talk to your lawyer about the process, and whether it may be right for you.
Lawsuit loans may sound like an intimidating term, but it’s really just a cash advance against a pending lawsuit settlement. Unlike conventional loans, you don’t have to wade through a lot of red tape or wait for days to learn if you’ve been approved. With litigation funding, you will generally know within 24 hours of applying if you have been approved.
Are most applicants approved? It depending on the strength of your lawsuit, and whether the funding company considers it frivolous. With lawsuit loans, in most cases if you have a strong case that will likely win in court, you are approved. You will then get a portion of your expected settlement quickly, usually by the next day. In general, most funding companies advance approximately 10% of the expected settlement, or anywhere from $500 to $250,000 or more depending on the value of your claim.
For most people, repaying lawsuit loans is no problem because of the way the process works. You only repay the advance if you in fact do win your lawsuit, and then only when you have your money in hand. Any applicable fees or interest will also be paid at this time, so you are never out any money or required to make monthly payments. If for any reason you do not win your lawsuit, you do not repay the advance, nor any fees or interest because funding is non-recourse.
How will it be determined if you qualify? You and your attorney will submit the information required by the settlement funding company, which pertains strictly to your injuries and the accident/circumstances that caused them. Whether you are employed or have good credit makes absolutely no difference. Litigation financing companies only want to know that you have a solid lawsuit which will likely win in court. This helps ensure that the company will get its money back.
What can the money be used for? Lawsuit loans allows those who have been injured and who may be unable to work to pay the bills. Utility bills, the mortgage, medical expenses, attorney fees, even costs to have your property repaired if it was damaged in the course of events that caused your injuries. Essentially, you can live comfortably and avoid creditor harassment while waiting for your lawsuit to complete.
Insurance companies simply do not give injured victims the full damages they deserve, and personal injury lawsuits can take months or even longer to complete. In the meantime, you have a tough time paying the bills, and fear that you will be broke before your lawsuit settles. Lawsuit loans are not for everyone, but may be the perfect solution for you. Learn more online, or talk to your attorney about litigation financing.
Individuals involved in a personal injury lawsuit often wonder what settlement loans are, and if it would be a viable solution to their shaky financial situation. These types of lawsuits are known for dragging on for months, sometimes even longer. Meanwhile, injured victims often find they are facing tough financial issues, particularly when they are unable to work. Between lost income and huge medical bills, it can be devastating. Litigation financing is a process that allows those who qualify to get a portion of their expected settlement immediately, so that they can pay the bills and avoid possible bankruptcy.
If you are worried about how you would repay the advance if you were to lose your lawsuit for some reason, no worry. Settlement loans are non-recourse, which simply means that in the event you do not win your lawsuit, you do not repay the advance or any associated fees or interest. You only repay the settlement funding company if you do win, and then only at the time that you receive your money. Therefore, you are never at risk or required to pay anything out of pocket.
Does everyone who applies qualify for settlement loans? No. Those with weak or frivolous lawsuits will not qualify; however, if you have a strong case and have hired your attorney on contingency (meaning you do not pay him or her unless the lawsuit is won), it is likely the litigation financing company will approve a loan. Why? Because most attorneys do not take on personal injury claims unless they believe they can be won – otherwise, it would be time spent and no money made.
Will the litigation financing company do a background check, or delve into your employment and/or credit history? No. With settlement loans, the only information the funding company needs in order to determine if you qualify is documentation regarding your injuries and the details of the accident or situation which caused them. This way the company can have a clear understanding of the circumstances surrounding your injuries. Settlement loans are also considered pre-settlement funding.
Settlement loans are not free, however even with fees and interest, the money you keep in your own pocket after all is said and done is still substantially more than you would have received had you settled for what the insurance company offered. A personal injury lawsuit is the only true way to get the full compensation you deserve; settlement loans allow you to live normally until your claim is settled in court.
Individuals who are injured due to someone else’s negligence and involved in personal injury lawsuits often find they are facing a serious financial crisis. Settlement loans help ease the financial stress, making it possible for you to live comfortably for the duration of your lawsuit while paying medical bills, household expenses and other costs. If you are facing financial issues or fear that bankruptcy may not be far off in your future, learn why you may want to consider litigation funding.
Pre-Settlement funding loans are not actually loans at all, but a cash advance given against a pending settlement to those who are approved. Because you are advanced a portion of your own money, you do not make monthly payments, nor are you required to pay any fees upfront. You only repay the advance when you have won your lawsuit and have your money. In the event you do not win, you do not repay the litigation funding company, because the process is non-recourse. This means that if approved, you can get the money you desperately need now, without the worry of how you will pay it back should you not be awarded a settlement.
Is it easy to qualify for an advance? With settlement loans, no information regarding your employment status, credit history or other background information is ever required. All the information the litigation funding company wants is that which is relevant to the accident that caused your injuries, and those injuries. If you have a solid case which would not be considered frivolous, chances are you would qualify for an advance.
How long does it take to get your money if approved? In most cases, those who apply for settlement loans and are approved can access their money within 24 hours or even sooner. This is an ideal solution for those who need money immediately in order to pay bills, buy groceries and meet other financial obligations.
In most cases, those who qualify can get an advance of about 10% of their expected settlement, so if your attorney determines that your claim is worth $250,000, you will likely be advanced approximately $25,000. This money helps reduce the stress of worrying about how you will pay the bills, so that you can focus on winning your lawsuit.
Learn more about the advantages of settlement loans by speaking with your lawyer, or read about litigation financing online to help you make an informed decision. Don’t settle with the insurance company simply because you are desperate for money and cannot afford the lengthy wait of a personal injury lawsuit – settlement loans give you another option. Contact AddisonPSF to learn more.
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