What Is Lawsuit Funding
Lawsuit Funding is a relatively new type of cash advance. Created to enable the plaintiffs of a lawsuit to access a portion of the expected lawsuit settlement amount. What this means is you are receiving a non-recourse advance against your lawsuit, and we, the funders, are actually investing in it. If you don’t win your case, we collect nothing. It is for this reason, the fees and interest rates are higher for this type of funding than with actual loans. Easy Lawsuit Funds provides these types of funding solutions.
This is known as pre settlement lawsuit funding
These advances are intended to help relieve pressing financial obligations which are often the result of an accident or injury. Lawsuit funding is not for everyone. It is intended for those individuals in need of immediate financial relief, who are unable to get money from any other source. Due to the cost of these funds, they should only be used as a last resort. It is far wiser to pursue other sources of funding if possible.
The cost of these types of lawsuit cash advances makes them unpopular with many attorneys, however, those seeking these lawsuit cash advances are often in dire need of cash now, and simply can’t wait. Attorneys, while looking out for the best interests of their clients, often don’t realize how desperate the situation has become for them. Many of our clients are on the verge of losing their car or their house. It can be very difficult for someone with a steady income to truly understand just how desperate things can become.
Post Settlement Lawsuit Funding
It is also possible to get money in advance on settled cases. While it comes as a surprise to most people, just because the case is settled doesn’t always mean the money is on its way. Collecting the money can also be a time-consuming process. In this case, post settlement lawsuit funding is available, and you can often get a larger percentage of your settlement money at a lower cost since the risk is much lower.
If you find yourself in this position and think a lawsuit loan may be the best option you have, at this time, give us a call, or fill in the form to the right. Easy Lawsuit Funds is ready to try to ease the burden for you. We will do our very best to get you the money you need, at the best rate available.
Give us a call right now, and we’ll get started. 856-340-6133