The Legal Funding Group in Jacksonville, FL is your premier source for lawsuit loans at any phase of your personal injury lawsuit. We provide legal lending to both private law firms to obtain instant capital and plaintiffs in their time of need. The goal of legal funding is to make the restorative process of tort law more effective.
After getting injured, having to file a lawsuit can be financially difficult for plaintiffs. This can leave them feeling the pressure to settle quickly and for much less than their case is actually worth. Legal funding is an option to allow the injured the ability to handle their finances and medical bills in the meantime so they can continue fighting for the settlement they rightly deserve.
What is Legal Funding?
Legal funding is a method of contingency lending that does not involve credit. When work or money is paid on contingency, it means that the plaintiff doesn’t have to pay a dime unless the case is resolved in their favor. The same type of contingency methods are used by most attorneys who handle personal injury cases.
Legal funding is a way of providing injured victims with money when they value it the most. If you are severely injured, that injury can progress into a full-scale permanent disability if you don’t obtain top care. If you are unable to work, your financial picture can quickly turn into a nightmare when lenders start enforcing maximum penalties for defaults on bills and loans. You can lose your home in a matter of months if you fail to make payments and fail to stop the banks from foreclosing upon it.
Legal funding is used by plaintiffs and attorneys in Jacksonville, FL because of the fact that all court cases can turn into lengthy proceedings, no matter how minor they may end up being.
How Does Legal Funding Work?
The first step in a legal funding transaction is to file a lawsuit. You should have representation at this point from an experienced attorney in the field. The attorney will be able to put together a full picture of the case. We will then ask you to sign a waiver that removes any legal obstacles regarding attorney-client privilege and confidentiality.
When you decide to work with us here at The Legal Funding Group, you can choose a lawsuit loan for any amount up to the highest offer we are willing to give you based on your case. Once you are approved and receive your funds, you are able to use that money for anything you want. There are no restrictions on using your loan funds. You can pay your medical bills, your mortgage, your legal fees, purchase food or use it on anything else you feel you need to pay for while waiting for your case to be settled. Our approval process is quick, easy and fair for all involved.
Types of Settlement Loans in Jacksonville, FL
Our company is able to offer lawsuit cash advances in Jacksonville, FL during any phase of your litigation process. We can help whether or not you need money before reaching a settlement or after your case is settled and you are waiting for collection. We work hard to give our clients the money they need and deserve while fighting for their case. We will work with you and monitor your case to make sure you receive the proper outcome and settlement you deserve.
1: Pre-Settlement Loans
Lawsuit cases can often take months or years to reach the settlement phase. Pre-settlement loans from The Legal Funding Group can be used to pay medical bills, legal fees and any other type of daily living expenses. Legal funding of this type allows victims to stay financially secure while waiting for their case to be resolved.
2: Post-Settlement Loans
A post-settlement loan in Jacksonville, FL is another option plaintiffs may take advantage of with us here at The Legal Funding Group. If your case has already been resolved, but your payout is being delayed, post-settlement funding loans can help you get by until the settlement has been paid. After the case is settled, you may find that the defendants are filing for an appeal. This can make receiving your money take even longer. These types of funding loans will help you until your payment is processed.
3: Settlement Cash Advances
If you have reached an agreement and are expecting a full sum of money that was already arranged, it is easy to obtain a cash advance for face value. Why delay? Start paying off your bills, living your comfortable lifestyle again, and get on with your life. Our settlement cash advances are the perfect resource for parties who need their money in a hurry. The interest rates on these loans are even better and present the best choice for injured parties who need some speed in the final transaction phase.
Types of Cases We Fund
We offer victims in Jacksonville, FL assistance for a variety of case types. Our team has a deep understanding of the laws regarding these case types. This allows us to review your claim and figure out the value of your lawsuit.
- Dangerous drugs
- Medical malpractice
- Motor vehicle accidents
- Premises liability
- Product liability
- Nursing home abuse
- Workers compensation
- Workplace lawsuits
- Personal injury
Why Choose The Legal Funding Group?
Although there are other places to obtain cash advances and even legal funding, The Legal Funding Group strives to provide trustworthy and convenient services. We can approve your funding within 24 hours or less and provide you with the money that you need. We stand out from other lending groups because we offer a high level of personal attention to each case by continually monitoring each case to ensure each client’s needs are being handled properly.
We also understand how law firms can spread themselves thin by taking on a lot of contingency cases. If they find that they are not able to rapidly expand their new law firm or cover overhead and payroll costs, legal funding support for those lawsuits can smooth things out for them. Lawyers form new law firms all the time that may have limited capital equity invested. Even if the attorneys are well paid, the law firm itself may be lacking if the cash flow is tied up in lengthy litigation.
How to Get Approved
Getting approved is easy. Simply obtain qualified counsel to file your personal injury lawsuit. Then, submit an application through our online website or call us. Once you are approved, we will need a signed waiver of confidentiality before we can review the records.
We are then able to assess the strengths and weaknesses of your case, the phase of litigation, and the seriousness of the damages to come up with an approximate loan amount. If you can offer proof of actual losses, your current medical records, and any other supportive information to help streamline your case, this will also streamline the legal funding application process.
Our team members can work to figure out what they deem to be a fair settlement in your case to be. Attorneys may also apply with us for legal funding loans while they’re working on a client’s case. We will fully review the records and carefully predict an outcome we deem fair.