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?
- Amusement Park Accidents
- Asbestos
- Assault & Battery
- Auto Accident
- Boat Accidents
- Bus Accident
- Car Accidents
- Construction Accidents
- Dog Bites
- Drinking & Driving
- Mesothelioma
- Motor Vehicle Accident
- Pedestrian Accident
- Personal Injury
- Plane Accidents
- Workers Compensation
- Wrongful Death
If you are looking for additional information on lawsuit funding, contact LawLeaf today.