Benefits of Legal Funding

Ava Lawson | December 20th, 2012

Is your court case taking longer to settle than you had anticipated? Are you barely able to stay afloat, seemingly swallowed by a mountain of bills? If so, then you should consider the many benefits of legal funding.

What is legal funding?

Legal funding, also known as lawsuit funding or lawsuit loans, is a useful resource for cash-poor individuals struggling to make ends meet as they wait for resolution on their pending lawsuits. By easing today’s economic burdens, lawsuit funding provides plaintiffs freedom and time to pursue their claims to the full extent, rather than settling prematurely based on financial strain.

Before the emergence of lawsuit loans, plaintiffs typically relied on credit cards or bank loans to accommodate their monetary shortfalls during extended litigation. In such situations, loan repayment was necessary regardless of outcome, leaving some borrowers in more debt than before they filed suit.

Is legal funding a loan?

No, lawsuit loans are unlike traditional “loans” in that they are only repaid if the case is successfully settled, or a jury verdict is awarded. Lawsuit funding is actually a cash advance known as a non-recourse loan, which means that you only pay back the money if you win your case.

What does this mean for the client? First, no hoops to jump through as you would for a bank loan application. There is no credit score check or employment verification. And if your lawsuit doesn’t settle, or the jury verdict isn’t in your favor, you owe absolutely nothing.

Legal funding companies such as LawStreet Capital assume all risk when they make a cash advance on the predicted outcome of your case. If the lawsuit isn’t successful, you are under no obligation to repay the funds. It’s just that simple.

How can I use lawsuit funding?

Those who take advantage of our litigation loans can use the cash advances for anything they need: rent, mortgage payments, medical bills, or other general living expenses while they wait for their cases to resolve.

Depending on your case, the cash advance can range from $500 to tens of thousands of dollars, and can help tide you over while your attorney seeks the best possible outcome for your claim.

No upfront costs, apply today

Unlike other lawsuit funding companies, LawStreet Capital doesn’t believe in hard-sell tactics or limited time offers. Our lawsuit loan application is free, and there are never any hidden costs. And since we’re a direct lender, you’re guaranteed the industry’s most competitive interest rates.

Don’t let financial hardships force you into an early settlement. Call us today to speak with one of our friendly representatives about the possibilities of advance funding with LawStreet Capital. In most cases, we’ll have an approval decision within 24 hours, and can overnight your cash or process an electronic bank transfer. To get started, please complete the online application to the right, or call us toll-free at 800-345-8500.