Lawsuit Cash Advance

What exactly is a lawsuit cash advance? Throughout the United States there are millions of accidents that occur each year. Many of these accidents can prove to be a financial burden on both parties. When someone is injured due to another person or entity, they have the right to seek compensation for such injuries. This type of law is considered personal injury law which states if “you” the victim has been injured to to the negligence of another you may have the right to seek fair compensation for damages.

On the flip side, “me” the defendant also has the right to defend myself of the alleged negligence. At this point a personal injury suit may be filed by either the victim or by legal representation hired by the victim. At this point a lawsuit cash advance may help.

A lawsuit cash advance is a loan made by a lawsuit funding company to the victim with the understanding once the case has settled the loan will be repaid. For some people that have financial obligations that can’t be met, a lawsuit cash advance could make sense. Consider the following: a person was injured in an accident and they are unable to work and pay their bills. Unfortunately that person has horrible credit, lives paycheck to paycheck and does not have the luxury of financial support from friends or relatives. This same person’s credit card bills are maxed, they have car payments and a mortgage and in some cases have financial obligations of a family. This is when a lawsuit cash advance can be beneficial.

When a person applies for a lawsuit cash advance they should understand there are several different funding options. For instance, if a person is in current litigation or a settlement has been reached but not yet paid, they will apply for pre settlement lawsuit funding. If a person is receiving monthly or yearly checks for an accident in the past, they will apply for a structured settlement.  There are other funding options such as commercial litigation funding in which the plaintiff is suing for discrimination or breach of contract. Lastly, there are always cases in which a lawyer will apply for a lawsuit cash advance to help fight a case. This often occurs when a lawyer is going up against a large defense teams with an unlimited budget.

A lawsuit cash advance may be a last option but its certainly a viable option for many. If you are searching for a lawsuit cash advance consider the following:

  • Does the company offer non-recourse funding meaning you don’t have to pay back the loan if you don’t win compensation for your case
  • How much of a lawsuit cash advance will I need- Many companies will not take on a case that has been previously funded so make sure the dollar amount you request is sufficient.
  • How quickly do I need money- When applying for a lawsuit cash advance make sure you follow up with your application if you don’t here back from the lender within a business day. There are many companies that receive dozens of applicants a day and without proper follow-up your case may get lost.
  • Reviewing a contract- Make sure you review the contract prior to accepting a lawsuit cash advance. Look over the terms and agreement to be sure you fully understand the loan. While most companies are ethical there are always chances in which a contract says one thing and the lender is saying another.

A lawsuit cash advance is certainly something that should be considered if all other financial options have been exhausted.

Content Provided By LawLeaf:

If you are currently seeking information on a lawsuit cash advance visit LawLeaf today. We are an online lawsuit cash advance service that provides a matching service for plaintiff to lender. Our network of lenders compete for all lawsuit cash advances.  Visit us today at www.lawleaf.com.

Advertisements

15 Responses

  1. I would like to include some additional information regarding a lawsuit cash advance. There are many different type of funding options available to people that are in need of money, although those options don’t allow you to borrow against a pending lawsuit. A lawsuit cash advance is a good way to get money out of your case before a settlement is reached. There are many different terms that describe these sort of advances and those terms vary depending on the type of case.

    When someone decides to secure funding they must consider the following. You want to first evaluate your financial situation. This means determine whether you can survive without applying with a company. Because you are asking for money from a financial institution the money comes with interest. This means you will have to pay back the cash advance along with an interest rate, which is determined prior to accepting the loan. Next if you decide to move forward with a lawsuit funding company determine the amount of money you will need. The amount of money could be more if you believe your case is a long way to settlement or less if your case is near and you need a few dollars to get by until a settlement is reached.

    There are too many cases in which a plaintiff will secure a lawsuit cash advance for a smaller amount of money with the impression they can keep on borrowing on the same case. While there are companies that will advance on a case that has already been funding, most companies will not. This means if you decide to get a lawsuit cash advance from one company, more than likely you won’t qualify for a second round of funding.

    If you decide to pursue funding make sure you borrow the right amount of money and never borrow the money unless the company offers non recourse funding.

    A lawsuit cash advance is a good option only if you really need the money.

  2. […] an advance against a pending lawsuit. An injury settlement is most commonly referred to as a lawsuit cash advance an is typically used when someone needs money to pay for bills and expenses while waiting for their […]

  3. […] injury law, they have equal rights to secure lawsuit funding prior to their case settling. A lawsuit cash advance for a pedestrian accident typically occurs prior to an injury settlement however there are cases in […]

  4. […] by litigation financing companies describing pre settlement funding or lawsuit cash advances. A lawsuit cash advance can help the plaintiff keep their case open without having to prematurely settle for less money. […]

  5. Lawsuit cash advance company- are you guys currently accepting applications from companies that provide this type of service? If so, can you please provide me with the name of the person I need to speak with regarding a potential partnership?

    Thank you

  6. How much money does it cost to sign up for a lawsuit cash advance? Is there some sort of application fee that is charged before money is handed over to the person that’s applying?

  7. […] injury. You are not sure what to look for or how to find companies willing to provide you with a lawsuit cash advance. There are many questions you may have however there is not much in the form of information to […]

  8. […] want to pay the amount of money requested the case will probably make it to court. This is where a lawsuit cash advance makes sense. A motorcycle accident lawsuit cash advance can help you get by while your case is […]

  9. […] to help supplement a loss of wages and increased medical bills a lawsuit cash advance can help. A lawsuit cash advance can help pay down expenses and supplement income loss without having to prematurely settle a case. […]

  10. […] and travel on our railroads. If you have been injured due to a train accident and are seeking a lawsuit cash advance, you may qualify depending upon the strength of your […]

  11. […] someone applies for a lawsuit cash advance for a premises liability they are applying for pre settlement funding which means an advance prior […]

  12. […] person that receives a lawsuit cash advance prior to reaching a settlement oftentimes will use the money to help pay for living expenses while […]

  13. Hello,
    I was just going through some finance and law related sites and came across your site (legalcatch.wordpress.com) too. I really found it interesting and informative. I am working and associated with many finance sites as a content writer and I write articles on various topics of Finances. I really liked the way you have presented your site. I would love to do a “Guest Post” for your site like I did for other sites without charging you a penny. 🙂
    Some of the companies I co-author for are Community Development Financial Institutions, Oak View Law Group, Centre for Community Development Investments etc. It would be great to be a part of reputed site like yours. 🙂
    The article will be 100% original and will be published only on your site. If you want you can suggest me a topic and I will write an article for you on that topic.
    Contact me at shannen.doherty86 [at ] gmail.com .Looking forward for a positive reply. 🙂
    Thanks,
    Shannen

  14. hello!,I like your writing very much! percentage we be
    in contact extra approximately your article on AOL?
    I need a specialist on this house to solve my problem.
    May be that’s you! Taking a look ahead to look you.

  15. Actually, the problems that can be caused by traditional chemical products can be enormous.
    You can also keep containers of various colors and sizes in different rooms.
    Is there anything special that the cleaning
    service needs to know about.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: