Advantages of Personal Injury Lawsuit Funding

Staff Writer | September 12th, 2013

Personal injury lawsuit fundingLawsuit advance funding is an option worth considering for injured plaintiffs who need help getting by while their claims are being litigated. If you are awaiting a jury award or pretrial settlement in a pending case, personal injury lawsuit funding can bridge the financial gap, helping you cover medical bills, mortgage payments and other daily living costs while your case resolves.

Qualifying for a pre-settlement lawsuit loan

Personal injury lawsuit funding is a non-recourse loan you need not repay unless you win your case or obtain a settlement. In other words, it is not a loan in the traditional sense, since you only repay the money if you receive compensation. Typically, legal funding services rely on the expertise of personal injury lawyers by requiring loan clients to have retained an attorney who works on a contingency basis. Because attorneys are unlikely to take a case on a contingent basis unless they are confident the claim will be successful, lawsuit advance funding companies feel comfortable assuming this risk.

Once a potential client who seeks legal funding proves he or she has retained  an experienced attorney who works on a contingency basis, the pre-settlement provider will likely reach out to the lawyer to arrange a repayment from any compensation check received, before the client is paid the remainder.  There are certain types of personal injuries that legal funding companies are more likely to issue a lawsuit cash advance for, including birth injuries, commercial litigation, wrongful deaths, medical malpractice, wrongful terminations, construction accidents, defective drugs, products liability, car accidents, negligence, slip and fall accidents, and others.

Advantages of personal injury lawsuit funding

There are many advantages to personal injury lawsuit funding, as opposed to other funding sources, like bank loans or credit cards. First, filling out the application is simple and fast, with no credit checks, co-signers or employment verification needed, and there are no upfront costs. In addition, there are no limitations on how you use the money from your lawsuit cash advance. Use it to secure the best expert witnesses to build a stronger case, pay down your car loan, or simply make ends meet – the choice is yours.

One of the greatest benefits of lawsuit advance funding is that relieving the burden of immediate financial strain allows the plaintiff to hold-out for a fair settlement, rather than accepting a quick but inadequate offer. If you are in danger of losing your home or car, suffering ruined credit, or not being able to receive necessary medical treatment, you may not be able to wait throughout the lengthy negotiation or trial process for your attorney to fight for fair compensation for your injuries that takes into account all of your damages,  including economic losses, like lost wages and medical bills, and pain and suffering.

Talk with LawStreet Capital

To learn more about whether you could benefit from our no-risk personal injury lawsuit funding, call LawStreet Capital today, toll-free at 866-FUND-662. We offer a free and no-obligation application, and our cash advances always have the industry’s lowest interest rates and no hidden fees. We will do all we can to make sure your application is approved within 24 hours, and can overnight your funds as soon as the approval process is complete.