Personal injury plaintiffs usually do not receive settlement awards when they need them. The litigation process of a lawsuit may take several years before an injured victim sees any type of compensation. Depending on the severity of a plaintiff’s injuries or condition, he or she may not be able to work and lose wages. While you wait for your lawsuit to settle, bills will continue to accumulate.
The Legal Funding Group Provides Financial Support
Also known as lawsuit loans, settlement loans, or litigation funding, lawsuit funding is a contract between The Legal Funding Group and a plaintiff of a personal injury case to provide financial assistance to the client. Simply put, we will provide you with money while you wait for your case to settle and after a settlement is reached and processed, you pay us back.
Personal injury cases such as car accidents and medical malpractice are eligible for lawsuit funding. To receive funding for your lawsuit, you must at least meet the following criteria:
Plaintiff has filed a lawsuit against a defendant.
Plaintiff has an attorney.
Plaintiff’s attorney works on a contingency basis (attorney receives payment only if the lawsuit is won).
Lawsuit Loans Provides:
Fast and easy legal funding services
Transparent contracts with no hidden fees or agreements
Convenient payback schedules
Full cooperation and attention to your case
Consideration for your attorney’s schedule
Assistance from legal funding specialists
Why Choose The Legal Funding Group?
The Legal Funding Group is dedicated to serving the needs of injury victims and to assisting law firms who help them. This service to plaintiffs in need of help is rewarding to our staff members. They take great satisfaction in knowing that your medical and legal expenses are being taken care of as quickly as possible. Personal injury victims are already suffering from physical and emotional injuries, and The Legal Funding Group wants to help take away the financial burden.
Our level of personalized attention to screening cases and working with clients to ensure that their needs are handled makes us a cut above the competition. We work hard to provide your bank deposit (check, wire, cashier’s check) payment within 48 hours and often succeed when everything is in order.
How to Get Approved for a Lawsuit Loan
Lawsuit funding approval doesn’t require a credit check or review of your financial history, as is required by most other types of loans. Legal fee loans require only that the facts of your specific case follow their lending requirements.
The application approval process will go a lot smoother if you are at a developed stage of your case. If you have already won the case and you are simply waiting for payment, this would be the most expeditious process. Clients who are waiting for the appeals to finalize a judgment may also see quicker approvals. If your case is in the early stages, it may take more time to examine the parties’ records and responses to determine the validity of the claims.
If you are a plaintiff, you simply need a licensed attorney who is willing to work with you on the case and agrees that the case has strong merit. We can figure out what a fair settlement may be in the case after you apply and provide a release form that would remove any attorney-client confidentiality barriers. If you call us or fill out the application online, we can start the process and fast-track your case.
For attorneys who need lawsuit funding while working on a case, we will have to review the record carefully to predict the fairest outcome.
Lawsuit loans are cash advances that relieve the financial burden caused by a prolonged case or settlement. They provide much-needed help to the user and allows them to pay off any outstanding medical bills, mortgage bills, and any other bill or personal expense while their case is ongoing. Lawsuit loans are not traditional loans. If you do not receive a settlement or win your case, the money given to you will not have to be repaid. If you do receive money after your case has been settled, repayment will come from those funds. There are three different types of funding options provided by The Legal Funding Group.
Pre-Settlement Funding Pre-settlement funding allows the plaintiff to receive the money that they need now. By choosing this type of funding, you will receive a cash advance from your expected settlement check. The amount you will receive will be a percentage of your settlement’s full predicted amount. This cash advance is not a loan, and you will not have to pay it back if you do not win your case.
The money you receive in pre-settlement funding can be used to pay for outstanding bills or personal expenses that may be stacking up. This type of funding is meant to relieve any financial stress caused by your lawsuit.
Post-Settlement Funding It can take up to a few years to receive money after your case has reached a settlement. Some of your settlement money may be paid upfront, but there is no requirement for the defendant to pay you all of the funds immediately after you have won your case. Payments can be delayed for months or, in some cases, years.
Post-settlement funding is a cash advance that allows you to receive a portion of your agreed-upon settlement now. The money can be used to pay off medical bills, late payments, and any other day-to-day expenses as needed.
Lawsuit Cash Advance Similar to pre-settlement funding, lawsuit cash advances provide funds for the plaintiff before the settlement of their case. If your medical bills are stacking up, your lawsuit is being pushed back in court, and you are unable to keep up with personal expenses such as a mortgage, you may need immediate funds.
Lawsuits can take years and prevent you from getting the money that you need right away. The funds you receive from a lawsuit cash advance will ensure that you and your family are cared for while your lawsuit is ongoing.