Loans vs. Lawsuit Loans
The Difference Between Traditional Loans and Lawsuit Loans Lawsuit loans are specialty finance transactions where money is advanced to plaintiffs in anticipation of a favorable settlement in civil court. Also known as settlement loans or case loans, lawsuit funding transactions are not actually loans. In this post we examine loans vs. lawsuit loans by comparing lawsuit funding w...
DetailsAuto Accident Lawsuit Funding – The Prime Case for Funding Companies
Auto Accident Lawsuit Funding Analysis 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 for cases involving personal injuries resulting from auto...
DetailsAttorney Cooperation in Lawsuit Funding
Attorney Cooperation in Lawsuit Funding Helps the Process When a plaintiff obtains a lawsuit cash advance, otherwise known as pre-settlement funding, case loan companies require the signature of the attorney to finalize the transaction. Attorney cooperation in the lawsuit funding process is the single most important factor in obtaining cash now for your case. Below is a list of i...
DetailsLawsuit Loans for Medical Malpractice Cases
Lawsuit loans for medical malpractice cases are routinely offered 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 a lawsuit loan for a medical malpractice case. Malpractice Basics The American legal system places a dut...
DetailsLiens – Pre-Settlement Funding Concerns
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 arise when attempting to quantify the risk associated with the repayment of pre-settlement funding, otherwise known as...
DetailsLawsuit Funding As a Hedge
In this post, we will be looking at the practice of hedging as it pertains to pre-settlement funding. Let’s say you’re in Las Vegas this summer and you place a bet on the New York Giants to win the Super Bowl at odds of 15 – 1. That is, you bet $1,000 to win $15,000. But some stroke of luck, the Giants rip through the playoffs and find themselves pitted against Tom Brady and the...
DetailsHelp Yourself Get Lawsuit Funding
How Can You Help Yourself Get Lawsuit Funding? When offering cash advances for pending lawsuits, lawsuit funding companies analyze a wide variety of information. But did you know you can help yourself get lawsuit funding? In this post, we outline some of the things applicants can do to help the funding process along. Gather and Submit Information Clients frequently pos...
DetailsThird Party Actions – Good Cases for Lawsuit Funding?
Third Party Settlement Funding Helps Workers Third party settlement funding provides immediate cash to injured workers while they wait for their lawsuits to resolve. They are specialty financial transactions where plaintiffs pledge a portion of their settlement in return for immediate support. While workers compensation or others benefits can compensate injured workers quickly, often...
DetailsWhat are Non-Recourse Lawsuit Loans?
Lawsuit Loans are Non-Recourse Funding Although the phrase "non-recourse lawsuit loan” is commonly used to describe legal funding or pre-settlement cash advances, the truth is that most transactions involving plaintiff and lawsuit funding companies are not “loans” in the traditional sense of the word. What are Lawsuit Loans? Lawsuit loans are financial transactions in w...
DetailsLawsuit Funding Helps Attorneys
Lawsuit Funding Helps Attorneys' Practices 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 victims to accep...
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