Accident victims often suffer injuries that result in high medical costs as well as lost income. Receiving a settlement can take months, even years to work its way through the courts. In the meantime, many plaintiffs struggle to pay even the basic necessities of life such as the mortgage/rent or daily living expenses. Unless there are substantial savings to fall back on, plaintiffs often need financial assistance to survive until their case is resolved. Powerful insurance companies know this and will deliberately delay the legal process hoping the cash-strapped plaintiff will settle for less than full compensation. Unfortunately, accepting a low-ball offer can mean that the settlement will not pay for all the medical expenses and other damages related to the lawsuit.
If a plaintiff does not have savings, assets that can be easily liquidated, or another source of income that can be easily accessed, litigation funding may be an option. With a lawsuit cash advance in hand, plaintiffs can work with their attorneys to build a powerful case and wait for a larger, fairer settlement that pays for more of their lost income, damages, medical costs, and other expenses. Unlike other forms of traditional financing, litigation funding is non-recourse. This means that the lawsuit cash advance only needs to be repaid if, and when, a plaintiff wins the lawsuit or settles out of court. If the case is lost, repayment of the cash advance is waived.
To be eligible for funding requires attorney representation and a winnable case. The application process does not include a credit check or employment verification. Once an application is received, we review case documentation from your attorney, and if approved, a wire transfer or direct deposit of funds will be made within 24 – 48 hours. It is that simple!
It is important to note that while litigation funding can be an important source of emergency cash, it is also a costly. A lawsuit cash advance should only be used in cases where money is absolutely necessary – maintaining your home, car, and daily living expenses. It should not be used to buy luxuries. So carefully consider whether you are really in need of the money before you make a decision to apply for lawsuit funding. If you would like a free, no-obligation consultation, contact Litigation Funding Corporation at 1.866.LIT.FUND.