Advantages of Pre-Settlement Funding

Pre-settlement funding is something that is often very beneficial to plaintiffs involved in personal injury lawsuits.  Litigation funding companies offer a non-recourse advance, based on the details of your case.  In these tough economic times, lawsuit loans are increasing in popularity.

When you have been injured in a car accident, slip and fall, because of medical malpractice or any other incident that is due to the negligence of another party, you have certain legal rights.  You may want to seek compensation prior to a verdict, and this is known as pre-settlement funding.  If you qualify, you can get a cash advance in varying amounts, depending on the amount you expect to win in your lawsuit.  Litigation funding companies offer this money, knowing that there is no repayment if you do not win.

So, what are some of the advantages of lawsuit loans?

1.  You get money when you need it.  Personal injury lawsuits can often drag on for months, and even years.  Many plaintiffs find they simply cannot afford to go on for an indefinite amount of time, due to financial strains.

2.  You can pay your monthly household bills and other expenses, without adding a loan repayment to your debt.

3.  If you were seriously injured, you may have ongoing medical expenses.  Settlement funding allows you to pay these bills, even while you wait for your case to settle.

4.  You have the money you need to live a normal life while waiting for a verdict, so you don’t have to feel pressured to settle early.  Insurance companies will fight to pay you the least amount possible, and you can avoid this.

Because you are injured, it makes it tough to proceed with every day life.  You can’t work; there is no income coming in to the household, yet your debts must be paid.  Pre-settlement funding will help you take care of your business, so that you can focus on your lawsuit.  Lawsuit loans are only paid back at the time you win your case.

Your attorney will submit the needed documentation to the litigation financing company, who will then review it for approval.  If approved, you have the money you need the very next day.  Are you worried about money issues, and fear that you will have to settle for less than you deserve?  Learn more about pre-settlement funding, and just how simple the process is.

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