Blog
What happens if I lose my case and cannot repay the funding?
Whether you are suing someone or being sued, no one likes to consider the possibility of losing a case. That said, sometimes the result of a legal battle can be a bitter pill to swallow. In such cases, a plaintiff or defendant who has obtained legal funding might be wondering what will happen if they cannot repay the funding—after all, the money was advanced based on their expected settlement or award.
How does the pre-settlement funding company evaluate the strength of my case?
Pre-settlement funding companies are specialized financial service providers that offer financial services to those pursuing legal actions. Pre-settlement funding helps plaintiffs in pending lawsuit cases by providing them with immediate access to funds, even before the case is settled. It is a form of financial assistance to help pay for everyday living expenses and medical bills. The amount of funding that a pre-settlement funding company provides to a plaintiff varies based
Can I negotiate the terms of my pre-settlement funding agreement?
Pre-settlement funding has become an increasingly popular way for victims of accidents and injuries to cover their financial needs and expenses when their legal cases are resolving or pending. Generally, pre-settlement funding companies provide a financial advance to plaintiffs so that they can pay medical bills, living costs, or lawyers’ fees. The company issuing the advance pays the claimant a lump sum and then recoups its money from the settlement once
How will I receive the funds if I am approved for pre-settlement funding?
Pre-settlement funding is a type of cash advance that is available to those who are facing a lawsuit or have recently won one and need money fast to cover their financial obligations. This type of funding has become popular as it typically provides funds within just a few days after being approved. The funds are usually given to the plaintiff's attorney with instructions for dispersal, but the details may vary depending
How long will it take for my application to be approved or denied?
When you apply for anything from a loan to rent an apartment, you're likely to ask yourself, “How long will it take for my application to be approved or denied?” Unfortunately, the answer is never that simple and can depend on a number of factors. Before getting your hopes up or worrying about a negative outcome, it’s important to understand the timeline of an approval or rejection to better prepare yourself.
What is the typical funding amount for a pre-settlement funding company?
Pre-settlement funding is an increasingly popular financial instrument for individuals who are experiencing a legal claim or pending lawsuit but lack the financial resources to prosecute the lawsuit to completion. This type of funding is designed to provide a way for those claimants to retain lawyers and pursue the lawsuit, even if the outcome is uncertain or a settlement may be years away. The funding amount provided by pre-settlement funding companies
What is the maximum amount of funding I can receive?
In the simplest terms, the maximum amount of funding you can receive depends on the source of the funding, the size of the project, and the terms of the funding co-signer. Generally speaking, federal and other government grants, fellowships, and other specific scholarships have maximum funding limits that are laid out in the corresponding regulations. There are also different grants, fellowships, and scholarships that can be applied for based on the
Will I need to provide collateral to secure pre-settlement funding?
Pre-settlement funding is a financial solution used by plaintiffs who are awaiting the outcome of a legal case. The main purpose is to provide the plaintiff with funds to help with any financial burden incurred in the course of the legal proceedings such as lawyer fees, missed work, medical costs, and other bills that can add up leaving the plaintiff in a vulnerable financial position. Given the high financial risks associated
What happens if I decide to settle my case before the trial?
The prospect of taking a case to trial can be overwhelming. The time, effort, resources and stress associated with a trial can be daunting, especially when so much is at stake. This is why many individuals may choose to settle their case before the trial begins. Doing so can be beneficial in some cases, but it is important to understand what happens when you decide to settle your case before the
Can I use pre-settlement funding for living expenses during my case?
Pre-settlement funding, also known as legal funding or lawsuit funding, can be a great option for those who have filed a personal injury lawsuit and need personal financial assistance during the legal process. The funds are provided by a third-party company that buys into your lawsuit, and can be used for living expenses and other costs. If you are considering a Pre-Settlement Funding, it is important to understand the details of
What happens if I need more funding than I originally received?
James Forte2023-03-13T08:47:10+00:00March 13th, 2023|0 Comments
When it comes to funding projects, it is always a good idea to plan ahead
Can I receive pre-settlement funding for a class action lawsuit?
James Forte2023-03-13T08:47:10+00:00March 13th, 2023|0 Comments
Class action lawsuits can provide a viable path for those who have experienced harm or
Can I receive pre-settlement funding if my case is in arbitration?
James Forte2023-05-13T08:10:58+00:00March 13th, 2023|0 Comments
Pre-settlement funding, more commonly known as a “lawsuit loan” is a type of financing provided
Start Learning to Drive Today
Give us a call to schedule your first driving lesson
1-800-555-555
Sign up to our Newsletter
(We do not share your data with anybody, and only use it for its intended purpose)