Everything You Need To Know About Pre Settlement Funding
Pre-settlement lawsuit funding is a non-recourse cash advance offered by a lawsuit funding company to personal injury victims in return for a promise to repay the cash advances after winning the lawsuit and out of the proceedings of the settlement. As it is a nonrecourse loan, individuals don’t need to repay if they don’t win the case.
Do You Need Pre-Settlement Lawsuit Funding?
Life becomes difficult after you have been injured in an accident that was the fault of someone else. One way that you can improve your situation is to file a personal injury lawsuit, but this can also present challenges especially if you cannot work because of your injuries.
Money for Lawsuits provides people who have pending lawsuits with pre-settlement advances so that they can continue with the legal process until the end. In many cases, people consider curtailing their lawsuits because they cannot afford to pay their lawyers and pay their medical bills and other monthly expenses. Therefore, you need pre-settlement lawsuit funding if you are in the situation described above.
The Purpose of Lawsuit Funding
Lawsuit funding from Money for Lawsuits is based on the amount of money that you may be awarded after your trial has been completed. You will receive a pre-settlement lawsuit loan that can be applied toward your medical and legal bills that you have racked up or your monthly expenses right now. This will be instrumental in helping you wait until your trial is over.
A pre-settlement advance is necessary for people with pending lawsuits because it can take years for legal proceedings such as these to end. This happens because insurance companies are known for acting in bad faith to avoid paying large sums of money to those who have been hurt. This means that they will do everything they can to make the process last as long as possible.
Benefits of Pre-Settlement
You can easily see what are the benefits when you receive a pre-settlement loan. You can use those funds to fund the case, but there are other things as well.
Medical bills are one example, as you can pay them with the money from a pre-settlement loan. You can also use that money to pay for your other expenses if you can’t work, so you avoid losing the house. As long as you can’t work, you will use that money to keep yourself above the water.
You can use the money to get an experienced lawyer, so your chances of winning the case increase. This also improves the chance of getting a structured settlement that you can eventually sell, click here for a list of best structured settlement companies to sell your future payments for.
You have the chance to get your case to the end. In plenty of cases, people start lawsuits, but they can’t finish them because they lack the money. This is your chance to make sure that doesn’t happen to you.
In case you lose, you don’t pay anything in return. If you use your money to win a lawsuit, you will lose them all if you don’t win the case. Instead, use the money from a pre-settlement loan, and you don’t pay anything back if the case is lost.
You receive the deserved justice for yourself and the family, without risking your house or anything else you own. Borrowing the funds is all you need to do, to ensure you receive the best settlement possible in your situation.
You can pick one of the many lenders out there when you need funding for a lawsuit. You will have to choose one of the many options, like the methods used to secure the loan or how much money you want to get. If your case isn’t the best in the world, this option might not be for you, but for a strong case, you should take a pre-settlement loan into consideration.