Are you need of some cash right now? Do you have a lawsuit pending for any of the following reasons:
• Commercial Litigation
• Construction Accidents
• Legal Malpractice
• Medical Malpractice
• Motor Vehicle/Passenger Injury
• Negligence (such as animal attack, etc)
• Personal Injury
• Product Liability
• Worker's Compensation
If so, it's highly likely that you would qualify for lawsuit settlement funding. This type of funding is extended to people who have pending legal action that is likely to result in some sort of cash settlement.
Lawsuit cash advances are offered on a non-recourse basis, which means that if you don't win the case, you don't have pay back the money. That's right, you read that right, if you don't win, there's no need to pay back the money you borrow. As you can imagine, lawsuit settlement funding is offered only to people who are likely to win their suit. The first step in determining if you are eligible to receive a lawsuit loan is to contact the lending agency for a free consultation. Should they choose to go further in the process, they will then contact your attorney directly, who will supply all necessary legal documentation to the lender. After that, you will be notified if you have received lawsuit settlement funding, at which point you have the choice whether accept the terms offered.
It's true that you will have to pay back the money when you do win the case, of course. The lawsuit settlement funding companies are not giving away free money; they're just making it possible for victims and injured parties to get the fair and just compensation due them. A lot of times shady corporations will use the technique of drawing out civil court cases in order to force plaintiffs to settle outside of court. They know that many individuals can't afford to wait too long for their settlement money, and win many cases this way by default. By receiving lawsuit settlement funding, you are actually investing in a much greater payout at the end, and availing yourself of an opportunity that is knocking at your door. You might be surprised to find out that most civil cases end up in a judgment for the plaintiff, which is why lawsuit loan lenders can offer risk-free loans.
The pros of taking out lawsuit funding still outweigh the cons, even when you consider that you'll have to pay the money back. That's because 90%, even 95% of cases do resolve the way the settlement company expects them to, and the plaintiff is awarded a big cash compensation amount. To give some perspective, the media award amount for all civil trials in Maryland (2005) was $28,000. That means that even if you receive lawsuit settlement funding for $5,000 and have to pay it back, you still get to take home more than $20,000! That's a lot of money, and that's the reason why so many people consider taking out a lawsuit loan before their case reaches a verdict to help cover expenses in the meantime.
