The lawsuit loan is a financial transaction wherein a company advances money to an individual involved in a civil lawsuit but who is still waiting for the matter to be concluded. In other words, the plaintiff gets money now and he/she assigns a portion of the case’s ultimate recovery. The ...
Lawsuit funding is the the advancing of money in anticipation of a favorable settlement in civil court. The term lawsuit funding is also known as lawsuit loans, settlement loans, or case loans. Although the term “loan” is often used to describe these transactions, lawsuit funding arrangements are not loans. This ...
A litigation loan occurs when a lawsuit funding company offers a cash advance against the future proceeds of the case. In other words, a plaintiff receives cash now in return for money if and when the case is successful. In this post we examine the preference among lawsuit funding companies ...
The overall purpose of these posts is to inform identify and explain various issues involved with securing pre-settlement funding on a pending lawsuit. Plaintiffs and their attorneys are usually very confident in the merits of the case. However, various issues routinely arise when attempting to quantify the risk associated with ...
Lawsuit loans are routinely offered for medical malpractice cases by legal funding companies. The underwriting of these cases however, is often much more complicated than the standard negligence case. This post will attempt to identify some things to remember when attempting to secure lawsuit funding for a medical malpractice case. Malpractice ...
When offering a cash advance for a pending case, lawsuit funding companies analyze a wide variety of information. At Fair Rate Funding, we frequently are asked how the client can help us during the case loan process. Below is a brief outline of the steps clients can take to help ...
When a worker is injured on the job, he/she is entitled to workers’ compensation benefits. The injured employee is entitled to these “benefits” regardless of fault. In other words, even if the worker was not paying attention or otherwise did not take the appropriate steps to safeguard him/herself from injury, ...
Origination of new legal funding business usually comes in two forms. Either the client contacts the lawsuit loan company or a lawyer refers one of his clients who need immediate cash against his/her case. Attorney referrals are the ideal way to secure funding because the referring attorney usually understands the ...
Lawsuit funding’s original mission was to provide immediate cash relief to plaintiffs who were unable to meet their financial obligations. The business found its true calling in the personal injury realm where injured parties were unable to work as before their accidents. This lack of cash flow often forced these ...