Monday

Pre Settlement Funding a Financial Product

If you are a plaintiff in a lawsuit in which you were hurt and you are seeking compensation for damages, you might qualify for pre settlement funding. Pre settlement funding is a tool that provides money to a plaintiff before or during the course of a lawsuit. The money that is borrowed is non recourse, which means if you lose the lawsuit for any reason, you don't have to repay the cash advance.

There is no other financial product in the market that will allow a person to borrow against the chances their lawsuit will settle; that was until pre settlement funding entered into the law markets. Pre settlement funding is provided by hedge funds and/or investors that gamble on a set of cases, in hopes of a positive gain. While their investment is secured through an underwriting process, there are some cases which the investor will lose.

You may have heard of the word contingency fee basis, considering you are probably going through a lawsuit. This is also true for plaintiffs that borrow against their lawsuit. If no recovery, no payment.

The nature of pre settlement funding is dynamic. There is no other financial tool like it. You can have bad credit or no credit, be without a job, be in debt and own no assets and still get $10's of thousands of dollars through a legal advance. Try this with a bank. This is because pre settlement funding is provided using the future proceeds from the case as collateral. In return the plaintiff will agree to a contract with the lender to pay back, if and when the win, the principle plus interest.

At LawLeaf we provide pre settlement funding for a variety of different personal injury cases including but not limited to:

The advantage of securing an advance against your suit is it gets money today and you don't have to wait. If you are going through the legal process of obtaining compensation you could be waiting months before a cash award is won. For some people it could even take longer. If you don't have the time to wait and you are interested in getting an advance against your suit, contact LawLeaf today. LawLeaf is a lawsuit funding company working with plaintiffs throughout the United States.
Posted by at
Labels: , ,

Pre Settlement Funding for Plaintiffs

If you are a plaintiff and going through the legal process of obtaining fair compensation for your lawsuit, pre settlement funding may help. Pre settlement funding is a financial product that is provided by a legal funding investor to a plaintiff in a personal injury or commercial lawsuit. If you have a pending case that has been recently filed or has been going through the process for months, you may qualify for pre settlement funding with LawLeaf.

What is pre settlement funding?

Pre settlement funding is a financial instrument that is used by plaintiffs. This tool is provided to a plaintiff and if and when the case settles, the client will pay the advance back with interest. There is no other financial tool available that provides a client with a non recourse agreement. If you are approved for an advance and you lose your case, you don't have to repay the lender. The lawsuit is used collateral and if proceeds are not collected through a settlement or verdict, you owe nothing.

Can pre settlement funding help you?

You may have been offered a settlement on your lawsuit. The settlement may be partially worth the total value of the case. If you decide you don't want to settle your lawsuit but can't financially sustain, pre settlement funding may be for you. This financial tool should only be used if you have exhausted other alternatives.

I am a plaintiff in a lawsuit and I am interested in pre settlement funding. What can I use the money for?

Pre settlement funding can be used for almost anything. Most of our clients will use the money to help pay for bills. These bills may include medical expenses, living expenses, transportation and groceries. We do not care how the money is spent.

Can I obtain money if I don't have a lawyer?

No, pre settlement funding can only be obtained if you have the representation of a lawyer. If you are representing yourself, unfortunately we can't secure you an advance against the claim.

What are some of the cases I can obtain financing for?



If you are looking for additional information on lawsuit funding, contact LawLeaf today.
Posted by at
Labels: ,
Subscribe to: Posts (Atom)