What is lawsuit funding and where do you get it?

April 12, 2017 | Product Liability

You were seriously injured in an auto accident and are not unable to return to work. You are the sole breadwinner for a family of four. The insurance company for the negligent driver that hit you is refusing to pay. You file a lawsuit, but your attorney says it will take at least six months to reach a settlement. Financially, you can’t wait that long. Whether it’s the mortgage, rent, utility bills, auto payments, or medical bills, you have financial responsibilities to meet on a monthly basis. Your savings are depleted and family can’t help. You tried to secure a bank loan, but was denied since you are out of work. Even if you could obtain a bank loan, they would expect monthly payments and repayment when the loan at the end of the term. What options are left? A viable, risk-free solution is lawsuit funding.

What is lawsuit funding and where do you get it?

Although many refer to lawsuit funding as a “lawsuit loan”, it isn’t a loan in the customary sense. Lawsuit funding is a cash advance against the proceeds you expect to receive when your case settles. There are no upfront fees or other out of pockets expense, and there are no monthly payments. The money is advanced on a non-recourse basis, meaning repayment is made when you finally get your settlement cash. If you lose your case, the repayment obligation is completely waived.

Litigation Funding Corporation is a pro-justice legal finance company that has helped hundreds of clients withstand a lengthy litigation process without jeopardizing their financial stability. While the legal process may be long and complex, our funding process is quick and easy, beginning with a one-page application. Next, we will request case information from your attorney and the expected settlement amount. We make all of our funding decisions in-house, so if the case appears strong and winnable, we can provide the cash advance within 24 – 48 hours.

It is enough to go through a personal injury of any kind, but to succumb to financial stress makes it worse. Lawsuit funding may be just the support you need. Call Litigation Funding today! One of our funding specialists will answer any questions and help you get started. Remember, we aren’t worried about your credit report and we don’t expect you to repay the cash advance until you obtain a settlement.

Read the full article http://www.lawfirmchronicle.com/2017/04/what-is-lawsuit-funding-and-where-do-you-get-it/

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