Lawsuit Funding Advise For Plaintiffs, Waiting For Their Claim Settlement
Aus Salespoint
Lawsuit funding is actually a non-recourse cash advance made (by lawsuit funding company) to a plaintiff involved in a lawsuit, based on the potential value of the case. Lawsuit funding is not a loan in true sense, because the money does not have to be paid back unless the case is won or settled. It is called lawsuit funding or often referred as settlement loan, lawsuit loan, lawsuit funding, lawsuit cash advance or legal finance. These are non- recourse cash advances. It carries no risk because plaintiffs owe nothing if they lose the case. The client must be represented by an Attorney.
How Lawsuit Funding Helps Lawsuit Plaintiffs? Lawsuit funding can provide a very timely financial solution to help plaintiffs who are having financial difficulties. Usually the plaintiff's financial hardship is the result of being injured and not being able to work.
Mostly plaintiffs have missed work or lost their job and can no longer meet their mortgage/ rent or car payments. Many of them may be one or two payments away from foreclosures. They may be in need of medical treatments. They need to pay education expenses of their children.
Lawsuit funding is a great help to plaintiffs. In the past, these claimants have needed to accept lesser settlement amounts due to pressing financial difficulties. Now, clients can sustain their personal lives and give the attorney the necessary time to achieve the full value of the case.
Process to Obtain Lawsuit Funding: The process to receive lawsuit funding is risk free & simple. There is no application or upfront fees. Approval is fast. Plaintiff may have a bad or no credit. There are no monthly payments. They pay back only when they win or settle the case. They owe nothing if they lose the case. They can use the cash advance in any way they like.
Lawsuit Funding is Available in What Types of Lawsuits? Lawsuit funding is now available for more than 100 types of cases. Some of these are as following:
- Auto, Truck, Motorcycle, Bicycle, Bus, Tractor, Trailer, Passenger Injury, - Aviation Accidents, - Boating Accidents, Burn Injuries, - Class action/ Product Liability: Kugel mesh patch, vaginal mesh patch, DePuy/Johnson & Johnson hip replacement, Zimmer knee replacement - Slip & Fall, Premises Negligence, Amusement Park, Assault, - Dog Bites, - Employment Discrimination, Wrongful Termination, - Construction Negligence, Premises Liability, - Seaman's/Maritime Claims (Jones Act), - Railroad & Train Accidents (FELA), - Medical Malpractice, Dental Malpractice, - Nursing Home Malpractice, Birth Injuries, - Pharmaceuticals: Like Accutane, Avandia, Gadolinium, Mirapex, Prempro /HRT, Vioxx etc. - Personal Injury, - Wrongful Death, - Wrongful Arrest, False Imprisonment, - Workers Compensation etc. How Lawsuit Funding Creates a Win-Win Situation? Lawsuit funding or a lawsuit loan, helps plaintiffs go the distance; allow them to hold out for a just and better settlement. By removing external financial pressures on plaintiffs, a lawsuit loan from a reputed and strong lawsuit funding company enables a lawsuit to be resolved on its true merits. By providing ready cash at right time, a lawsuit funding company creates a Win-Win situation for lawsuit plaintiffs and their attorneys.
