Top 10 Best lawsuit Settlement Funding Companies | 2018
Being a victim of personal injury, medical malpractice or wrongful death, you are entitled to corresponding compensation. But it is a long and tiresome battle in court. It can take months to have a judgment and get your financial payment for the damages. Now, it is so sad that despite your big chance to win the lawsuit, you are hand-tied to pursue it because you do not have sufficient money to pay the lawyer and other expenses to get the case going in court. You can be lucky now because you have option to have funds for your lawsuit. Have you heard of settlement funding? If you are in the dark about this option, try to find out and have the money to finance your battle in court.
Read More: Top 10 Legal Funding Companies
The principle of settlement funding
The principle of settlement funding is so simple that even a novice in it can easily understand its content. It is about a lender who is most willing to provide cash advance to a person filing lawsuit for personal injury case. Such person expects to win the case and get compensation for the damages inflicted on him.
How the funding goes between the plaintiff and investing company
Typically, this will call for an injured party and a lawyer representing him. The background here is that the injured party needs financial assistance to defray his expenses in the lawsuit. With his attorney, the injured party called the plaintiff in the lawsuit, files an application for funding to a willing financier. The application will be reviewed by the funding company, together with its insurer, to assess if there is likelihood to win the case and get a verdict favorable to the plaintiff. The assessment will also include the possible amount of compensation to be received by the injured party. With the merit of the case and the amount of expected compensation in place, the funding company’s decision will be made. The contract and the terms of payment will be presented to the plaintiff and his attorney. With both parties amenable to the provisions, the contract is signed and executed. The injured party gets his cash advance.
Read More: Best Structured Settlement Companies
When the plaintiff wins his lawsuit, the case is closed and his compensation is paid by the defendant. The lender will collect the cash advance together with the agreed upon fees and interest. This is a sure investment because the funder will reject the application if he sees that there is no hundred-percent chance for the litigation to be successful. On the part of the plaintiff, he does not have obligation to pay the funder if he loses the case. So, the settlement funding is beneficial to both funding company and plaintiff.
Pre-settlement funding – the way to lawsuit funding
Pre-settlement funding is the best option for a victim of physical injury to pursue his case immediately. In many cases, the injured party does not go to court at once because he is constrained by lack of money for the expenses in the court proceedings. He has to file the case and hire his attorney. This will not be small amount. If he does not have sufficient funds, he may not be able to continue with his case. And the court proceedings can run for months for a successful verdict. Instead of going to court, he can settle for very low offer by the offender, just to be compensated.
Read More: Top 10 Structured Settlement Companies
With settlement funding, the poor victim can go to court with his attorney for justice to be served. The small amount collected by the funding company is negligible compared to the increased amount he can get from the defendant.
Top 10 Best lawsuit Settlement Funding Companies:
Better Lawsuit Loans: Get Pre-Settlement Funding Today (#1 Rated). Injured? Get $500-$250,000 in risk-free cash on your pending case. We’re the country’s #1 reviewed pre-settlement funding company.
LawCapital is a Premier National Legal Funding Resource Specializing in Lawsuit Funding and Settlement Funding for Individuals, Businesses, and Attorneys.
Lawsuit Financial Corp. provides you with the money and time you and your lawyer need to get the highest compensation possible. Call, RIGHT NOW, toll free and nationwide.
Global Financial’s alternative to typical Lawsuit Loans is a simple cash advance. A Cash advance better protects your interests as repayment is contingent on the client receiving a judgment award or settlement.
Law Cash is the leading pre-settlement funding company and provider of litigation financing for your lawsuit settlement. Not lawsuit loans, learn about LawCash’s options for legal funding, pre-settlement litigation financing, settlement funding & more.
Get legal funding within 24 hours for your bills. Even if you lose your case, you still win with Oasis – you get to keep the money.
Our Pre Settlement Funding can provide you with fast cash in most cases within 24-48 hours. Pre settlement advance loan, lawsuit settlement loans,
Call Cash For Lawsuits @800-495-2274 to meet all of your lawsuit Loans & cash advance needs. We fund many cases. Application is short and easy. Apply today.
Direct Legal Funding Apply today, get cash tomorrow. Get the best lawsuit loans for serious injuries. Call Now 866-941-5588. Settlement Cash in 12 hrs. How to get the money you need for your personal injury settlement when you need it.
Injury Funds Now: Pre-Settlement Loans and Funding in Florida. For more than 10 years, Injury Funds Now has provided clients with pre-settlement funding in Florida and across the U.S. Call today to see if you qualify.
Pre-Settlement and Post-Settlement as Lawsuit Funding Solutions
People who had been suffering from personal injuries arising from another person’s negligence shout for justice. It is just very unfortunate that many victims do not have sufficient resources to get justice via lawsuits. Thanks to lawsuit funding solutions; this is the viable source of an injured person’s finances to pursue a court battle.
For personal injury victims who are aware of the existence of lawsuit funding solutions, obtaining money for the lawsuit is easy and viable. It is not a hard process; you just have to hire a lawyer and ascertain that your case is meritorious to get a favorable verdict. Lawsuit settlement funding is beneficial to a plaintiff because of its non-recourse nature, where you only pay the money advanced to you if you win. If you lose, you do not pay a single cent. For this you can have pre-settlement funding.
You won the lawsuit and there is judgment for compensation. However, the court proceedings had already drained your coffers. In this case, you can still advance money and get post-settlement funding. You pay when you receive your compensation.
Thus having a lawsuit for personal injury, your lawsuit funding solutions can be as pre-settlement and post settlement cash advance. One very essential thing about settlement funding is that you get cash advance for pursuing the lawsuit with very minimal risk. The initial step for this or for any lawsuit funding solutions is to hire your attorney who can assess and present your case to a settlement funding company.
Pre-settlement as one of the lawsuit funding solutions
With pre-settlement as your option money, a cash advance is given to you while the lawsuit is in process. The money is given prior to a verdict or while the case is still being decided in court. This is a good source of funds for people who have a winnable personal injury compensation claim whose case is still pending in court. This request for cash advance can be granted by the funding company after the evaluation of the merits of your case. That is, the company makes sure that the money is paid back. You get the support if your case is assessed to get a favorable verdict.
The disadvantage of availing pre-settlement lawsuit funding solutions is about the charges you have to pay the company when you win the case. You will be charged with interest and other fees. The longer the money is unpaid, the higher are the charges in form of interest. There are many firms engaged in this financing scheme and as with any competition, you can haggle for lower charges or find other firms that can give you lesser rates.
Post-settlement as a lawsuit funding solution
Post-settlement lawsuit funding solutions work in the same manner as pre-settlement funding. The main difference is the time of the availment of the cash advance. The pre-settlement funding is availed during the court proceedings when no judgment has been made. Post settlement funding is granted when the lawsuit has been decided but the plaintiff is still waiting for the release of the compensation. This can also be availed if the defendant is appealing for an over-turned verdict or lower amount of settlement. This is even easier to get than the pre-settlement and like the latter you do not pay the cash advance if the verdict happens to be reversed in favor of defendant.
Other options – non-settlement funding
Of course the settlement funding solutions are not the only ways to get resources for your court appeal. You can get funds through personal loans also. You can also use your car or homes as collaterals for mortgage loans. However, these modes of getting money to finance lawsuits are higher and more stringent in requirements. And most of all, if you lose you pay your loan; very unlike the lawsuit funding solutions where you do not pay if you lose the case.
How Pre-settlement Funding Helps a Plaintiff Pay the Lawsuit Bills
When you file lawsuit on account of personal injury inflicted on you, the legal process can take some time before a decision or judgment is made. The long process entails huge money for the attorney’s fees and all other incidental expenses to carry on the case. You may also need money to defray your medical bills for the injury. Lack of sufficient money can be a hindrance in pursuing your case, albeit knowing that you can win it. Pre-settlement funding can be the answer to your financial dilemma.
Where there is general negligence on the part of the defendant or injuring party, you have a big chance to get financial rewards. It is good if the supposedly defendant offers out-of-court amicable settlement. But if not, the court is your resort to get compensated. This is where pre-settlement funding can be the best way to fund your case and claims.
Pre-settlement funding as zero risk
You will be enticed to grab an offer for pre-settlement funding. On your part as plaintiff, it has a zero risk. You do not lose anything. At the time you sign the contract or agreement with the funding company, no money comes out of your pocket. If you lose, you do not pay the cash advance handed by the company. If you win, you just pay some interest and fees which are taken out of the settlement money. It is a win-win situation for you. The money given by the funding company is not a loan but cash advance.
Before you sign the contract for the cash advance, you should be sure to do a little research. What are the usual fees and charges collected by funding companies? You have to haggle with the rates because competition will make you gain more by paying lower amount.
Funding company and plaintiff’s favorable case
The person suing a case of personal injury is the plaintiff and he is the one to need settlement funding. He is the one to be paid compensation for the wrong done. When the plaintiff wins the case, he gets money for which he can pay the cash advance.
Suing someone who hurts you does not always mean that you can get damage compensation. Your case must be meritorious. Many factors will be considered and the defendant may in some cases not be really liable after all. If this happens, the plaintiff loses and gets no financial reward. The funding company will study the case because if it sees that you cannot win, there is no chance it will give you the cash advance.
Steps for the funding process
Interested in pre-settlement funding, you will find it to be a simple three-step process.
- Find your funding company and complete an application form. You must have a lawyer to represent you in the funding process. All details of the case will be provided to this funder.
- You and your attorney will be required to approve official documentation of your lawsuit and its referral to the company’s insurance underwriter. Once the funding company and underwriter find that the case has merits, the pre-settlement funding amount or cash advance will be determined.
- Contract between you, your attorney and the insurance underwriter will be drawn and signed. The contract specifies the amount advanced and the payment terms. Upon execution of the contract, the cash advance will be sent to you.
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