Understanding Lawsuit Funding
Lawsuit funding can be overwhelming to Plaintiffs as they find themselves amid a lawsuit and potentially trying to choose a company that can provide the funding they need. For most people out there facing this situation for the first time, it’s not only overwhelming, it can be downright frightening and confusing. Just a general lack of understanding of the process or choosing the best lawsuit funding company can seem like a daunting task.
For many, the questions they have remain unanswered, and the bills and debt can pile up if you find yourself out of work because of an accident or injury. It’s normally at this point when you must determine which option is right for you. Is lawsuit funding even an option for you at all? There are so many questions that need to be answered.
Here’s the good news: If you feel this way and need some immediate guidance, then you are in luck. Cash For Lawsuits has put together a comprehensive roadmap that will help you find answers to these questions and so many more, including ones that you may not even realize you have.
You will learn about the process for lawsuit funding and everything that it entails. You will also learn how Cash For Lawsuits both offers lawsuit funding assistance and at the same time differs from other providers. We will help you get prepared, and better understand the timeline for when you will get your money, which can be so critical at this very important time of need.
What is it exactly?
The concept of lawsuit funding on the surface is very simple. As a Plaintiff in a pending case, a lawsuit funding company can provide financial assistance, helping to alleviate the pressures you may be feeling as bills are mounting or you are trying to care for your family. Through this process, you can continue with your case and not have to take a lessened or early payout.
Because lawsuit funding is Non-Recourse, meaning if you do not win, you owe Cash For Lawsuits nothing. To be clear, lawsuit funding is not a loan. Lawsuit loans would require repayment regardless of case outcome. Lawsuit funding does not carry these same requirements because if you do not win, you pay nothing.
Personal injury cases are the most popular cases that leverage the benefits of lawsuit funding. Due to the personal nature and probable personal injury involved, payouts often occur in these cases. This type of lawsuit funding helps to take advanced advantage of these payouts.
How does the funding process work?
The process for obtaining lawsuit funding should be kept simple and straight forward with all the work falling on the lawsuit funding company itself. As a Plaintiff amid a legal battle, you have enough on your plate as you fight your legal case. This is where Cash For Lawsuits goes to work for you and helps you to choose the best option of funding.
Step 1: Apply online or Call To Speak to a Live Agent – Fill out our easy to use, online form that provides Cash For Lawsuits with all the necessary information we need to get started on your case.
Step 2: Review Case Documentation – We will contact your Attorney to work with them to obtain the necessary copies of your case documents. Once we have the necessary paperwork, an initial assessment can be made on your case and a determination to move it to the final step in our underwriting process. At this point, the case is either approved or denied.
Step 3: Advancing Your Lawsuit Funding – When an agreement is reached between you and C4L, both parties will sign a Funding Agreement along with your Attorney. As soon as that Agreement is signed, funds are sent out within 24 hours. It happens that fast!
Finding the right company
Navigating the lawsuit funding industry can be difficult. Without wide ranging regulation, it can be a challenge to know which companies are treating their customers right. With minimal government/industry oversight, it makes it even more difficult to get the proper service, especially if you believe you’ve been treated unreasonably. The best place to start is to find a company like Cash For Lawsuits that adheres to a list of best practices and rules.
Frequently asked questions
Q: Generally how long does the approval process take?
A: The initial application process takes only a few minutes and the cases are usually approved within 24-48 hours. Any additional circumstances that may prevent approval in that amount of time will be immediately notified to you.
Q: What kinds of cases does Cash For Lawsuits accept?
A: While we will consider any case for this type of funding, our primary case types are Motor Vehicle Accidents, Medical Malpractice, Premises Liability Cases, and Products Liability Cases cases. The client must be represented by an attorney. You’re welcome to call us or email us with any questions whatsoever.
Q: Is lawsuit funding a loan?
A: It is absolutely not a loan, because there is no creation of debt during the process. Additionally, it not a loan due to the fact that this is Non-Recourse funding in. It is a purchase of a future settlement.
Q: Since it eats into the final settlement, is legal funding the best idea for me?
A: While legal funding is not for every case or for every plaintiff, there are many cases where funding has given plaintiffs the extra breathing room they needed. Each case has its own unique set of circumstances, and the best thing to do is to contact us to discuss specifics.
Why choose us?
Cash For Lawsuits has been a leading direct lawsuit funding source for cash advances for over a decade. We have helped thousands of Plaintiffs survive difficult times by providing Non-Recourse lawsuit funding on a variety of personal injury matters, including Motor Vehicle Accidents, Medical Malpractice, Premises Liability Cases, Products Liability Cases, and many other case types. We are not a broker or middleman and directly approve and provide funds to you within as little as 24-48 hours.
We understand how difficult this time can be for you. Our network of experienced underwriters have been trained in all types of personal injury cases to match you with a suitable lawsuit funding program to fit your needs as quickly as possible. Unlike lawsuit loans, our lawsuit funding advances do not require any monthly payment requirements. This provides you with the opportunity to use your settlement funds to cover essential life expenses while your case remains pending.
Click to view our states that we provide lawsuit funding in.
We offer a free, no-obligation analysis that is kept confidential and usually takes no more than 15 minutes to apply. Please contact us today to see how we can help you obtain the financial support you need. We are here to assist you in any way we can, so please feel free to reach out to us.