Addison Pre-Settlement Funding Blog

Litigation Financing & Pre-Settlement Funding Reduce Financial Stress
If you are considering filing a claim for injuries you have suffered but feel that you don't have the financial means, litigation financing companies may be the solution. By obtaining a lawsuit loan, you can continue with your claim without worrying about paying your bills and other expenses.

Pre-settlement funding is an option for people who have financial problems that may prevent them from getting fairly compensated when they have been injured. Personal injury cases are the most common types of litigation financing. Many times, people are injured and cannot work which puts an additional financial strain on them. At this point, many feel that they simply cannot afford to pursue justice because the bills and other obligations will continue to mount.

Lawsuit loans are not actually loans; they are more of a cash advance. The money you get is advanced on the presumption that you will win your settlement. In the event that you do not win, you owe nothing to the litigation financing company. Unlike bank loans, there is no credit check, previous employment history or other red tape to muddle through.

Pre-settlement funding is a very simple process. You simply speak with your attorney to decide the best course of action to take. If it is determined that seeking funding is the right choice for you, your attorney will contact the funding company. He will submit all necessary documentation about your case for review. Once reviewed, you will be notified the same business day on whether you qualify for a lawsuit loan.

If you do qualify, you as well as your attorney will sign the necessary paperwork and fax to the litigation financing company. At this point, you will have your money the next day. This cash advance can be used for ordinary household expenses and bills, medical costs, attorney fees and more. It is definitely a good way to pursue the compensation you deserve and avoid additional financial worries while doing so.

There are many obstacles that will attempt to get in the way of you seeking full justice. Insurance companies will try to settle quickly and get you to take less than you would like. If the defendant in the case is a large corporation, they will spare no expense in trying to prolong the case for as long as possible, in the hopes that you will settle for less.

Cases like these are the exact reason that pre-settlement funding is such an attractive option for many plaintiffs in personal injury cases. If you believe that contacting a litigation financing company would be beneficial to you, contact your attorney at once! He can discuss the possibility of obtaining a lawsuit loan with you.