Pre-Settlement Lawsuit Funding
Pre-settlement lawsuit funding, sometimes referred to as a lawsuit loan, is often the only option available for the plaintiff, or victim, in a lawsuit. More often than not, the reason behind the lawsuit has interrupted the injured party’s income.
By making it impossible for them to work, it has added a devastating financial burden to the mix, such as medical expenses, transportation to and from Doctors appointments and Physical Therapy. That is on top of their usual everyday expenses like food, mortgage or rent, car payments, clothing, utilities, etc. The list seems endless, and the burden almost unbearable.
This combination of events can be more than most people can financially handle, and they often find themselves falling further and further behind in their obligations. This quickly eats up all their available savings, as well as any access to home equity loans, credit card advances, or loans from friends and fammily.
Not surprisingly, this often results in being foreclosed on, or evicted, if living in a rental unit. This can also lead to their vehicle being repossessed. The result of these missed payments almost always destroys a person’s credit rating. This is in addition to the physical pain and suffering the plaintiff has been forced to deal with.
What are the options?
Until the advent of Pre-Settlement lawsuit funding, most people had nowhere to turn. Bad situations just kept getting worse, with no relief in sight, until the lawsuit was settled. But more often than not, the harm has been done. You can never go back to where you were before the incident changed your life. What makes it even worse is that these events happened thru no fault of your own.
Is it worth it?
Pre-settlement lawsuit advances, while an expensive source of funds, when used properly, can be a Godsend.
While there’s no denying this is an expensive source of funds, what makes these lawsuit advances advantageous is the fact your attorney can continue working on your case without the added pressure of you contacting him with the details of your financial strife.
Is this right for you?
When deciding if this type of advance is right for you, you need to consider what the cost of the advance is, verses what it would cost not to take this option. If you would lose a house you’ve invested in, both in time and money, then the cost of one of these advances is probably a far cheaper option. The same goes for a car that you’ve been making payments on. If you were to lose either one of these life necessities, the cost is not even worth considering.
Can we help you?
If you have a lawsuit and are represented by an attorney, there is a good chance you will be able to get an advance against that lawsuit, even if you have already received an advance in the past. Of course, it requires that we pay off the existing advance, much like refinancing a house, as you can only have one funding company in most cases. We are careful not to overfund a case so there is little chance of ending up in a position where you’re left with nothing at the time of settlement.
At Easy Lawsuit Funds, we strive to get you the most money in the shortest amount of time, and at the best rates. And, since we work with a number of lenders, we have great flexibility in getting your case funded, even if others have turned you down.
An overview of the advantages of our Lawsuit Cash Advances include:
- Quick and easy cash advance application process
- You make no payments while your case is still pending
- Non-Recourse loans – you don’t pay us back if you don’t win the case
- Bad Credit – No problem -We accept all credit ratings
- No employment requirements – even if you’re not working!
- Quick funding after approval – often within 24 hours