Wednesday, October 10, 2007

Consider a Lawsuit Loan


Consider a Lawsuit Loan


Today, there are many types of lawsuits. Personal injury, resulting from some type of accident, either auto accidents, worker's compensation cases, railroad (FELA) seaman's (maritime) claims, slips/falls, burns, dog bites, boating accidents, airplane accidents, elder abuse, Wrongful death, wrongful arrest/conviction, medical malpractice, product liability, police misconduct, and many others.


There are Commercial Cases, such as breach of contract, fraud, insurance bad faith and more.


Lawsuit loans are available for many plaintiffs in these situations. Money to help with everyday expenses such as, mortgage or rent payments. medical bills, utilities, car payments, food, and so on. People that have pending lawsuits know that it takes a long time, sometimes years, for their case to be settled either in or out of court. Many people do not have the financial resources to continue for a long time without income and are often forced to settle their lawsuit for much less than it's full value. Some funding companies offer advances on inheritances, and divorce settlements, as well.


Lawsuit loans help to eliminate the financial stress of a lawsuit, and help plaintiffs to maintain their lifestyle. These are not actually "loans". They are
"non recourse" advances that are only paid back when there is a recovery in the case. Regular loans have a monthly payment that must be made regardless of the outcome of the case, and put a strain on the already tight budget. Funding companies take all the risk, so they look for cases that they feel have a strong chance of being won. Underwriters are attorneys that review the cases and decide what they are willing to invest in the case, and decide the amount that will be paid back . Rates are based on the amout of risk. If the case does not settle favorably, the advance is never paid back.
Three types of funding are:
Pre Settlement Funding: Cash is advanced before the case is settled.
Post Settlement Funding: Cash for settled cases, either partial or full.
Attorney/Lawfirm Loans: Provides cash for a firms litigation costs without
using the firm's money.

Before obtaining a lawsuit advance, you should always consult your attorney to help advise you if the benefit outweighs the expense of the advance.


Free No Oligation Consultations 360 892 6667

toll free: 877 funder4 (877 386 3374)


Please check our website: http://www.freedomfirstfunding.com/

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