Articles Posted in Lawsuit Funding Tip of the Day

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April is National Financial Literacy Month as an effort to highlight the importance of financial literacy and teach Americans how to establish and maintain healthy financial habits.

Most Americans are living paycheck to paycheck. That means they will not be prepared financially when an emergency, such as a serious auto accident, occurs. Once a lawsuit is filed, a personal injury victim may wish to seek lawsuit funding to replace immediate income and bridge the gap until a settlement is reached.

With over 19 years’ experience, Lawsuit Financial is one of the oldest litigation funding companies in the industry. We have developed an excellent reputation among plaintiffs and attorneys for our honesty, care, and personal touch.  When a client contacts us, we don’t just take their application.  We take time with each client to understand their financial situation.

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If you are a plaintiff involved in a personal injury lawsuit and struggling to make ends meet, this guide can help determine if you are eligible for lawsuit funding and how to apply.

A “personal injury” is often a life-changing moment when you are seriously injured as the result of someone else’s negligence or carelessness. While the most obvious example of this is an automobile accident, a personal injury lawsuit can result from many different types of occurrences and injuries. However the accident occurred, whoever is at fault, whatever the injuries, if you experience severe injuries and disabilities, it can lead to a mountain of medical bills, time off work, financial and emotional stress, and an inability to pay even everyday living expenses. To make the situation worse is a long legal process, one that could take years. How do you make ends meet? How does you survive, financially, to do battle with a well-financed insurance company with all the time and money in the world?

You may not realize there is a financial support option available to you known as lawsuit funding. Lawsuit funding is a non-recourse cash advance to help plaintiffs pay their bills, compensate for lost wages, and assist in daily expenses while on a long, and sometimes, bumpy road to resolution. While these transactions are often called “lawsuit loans,” they are not. The primary difference is that we fund cases, not people. There are no credit checks, employment verifications, or monthly payments. Repayment is made from the proceeds of the case, and a client’s obligation to repay the cash advance will be completely excused if the case fails. This is not true with a traditional bank loan.

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Lawsuit Financial has been a leader in the legal funding industry for 15 years. We work tirelessly to provide sensible lawsuit cash advances for plaintiffs struggling financially during a pending lawsuit.

What we offer:

Free, no-obligation consultation. We take time with each client to understand their financial situation and offer the best solution. If you choose to apply for lawsuit funding, we will review your application and case documentation and tell you how we can help, at no charge to you.

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You have been involved in a devastating, disabling, personal injury accident. The bills are piling up and you need financial help. Where do you turn? More and more personal injury victims, while waiting for the long legal process to end, turn to lawsuit funding for that financial assistance. The concept of lawsuit funding was created to provide relief to pending litigants who, through no fault of their own, need immediate cash but do not qualify for traditional loan products. For some, these emergency funds make the difference between keeping or losing their home and putting food on the table. It can also provide financial leverage needed to achieve a much higher settlement or verdict.

Lawsuit Financial has developed an excellent reputation among plaintiffs and attorneys for its honesty, care, and personal touch. As an industry leader, simply providing a lawsuit cash advance to a client is not our only responsibility. Our top priority is to do what is best for the client, the attorney, and the case, regardless of whether we turn a profit. With our first-of-its-kind, FREE Client Resource Center (CRC), we provide direction and knowledge to our clients to help them “get back on their feet” during the litigation process, but also ensure they are taking the right steps for their future and security. The CRC helps clients find local and national assistance options, provide money saving and budgeting tips, and minimize their financial burdens not only during their pending claim, but beyond case settlement. And, this is an absolutely FREE service.

To learn more about Lawsuit Financial and our FREE Client Resource Center, visit us online or call one of our funding specialists or CRC counselor toll-free at 1-877-377-7848.

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Most plaintiffs do not have the deep pockets of big businesses, hospitals, and insurance companies so when facing a long litigation process, plaintiffs may need to seek financial assistance. Unfortunately, banks do not provide loans against a lawsuit and often times, family and friends are unable to help. A legal funding company offers many benefits that a bank does not.

Get the Settlement You Deserve

Accepting an early settlement offer may be tempting, but it is more often than not, far less than case value. An early settlement can short change a plaintiff and deny them money that may be needed in the future. Lawsuit funding can help plaintiffs avoid settling out of financial desperation. With a lawsuit cash advance, plaintiffs can, in most cases, receive the settlement they deserve.

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Once a plaintiff files a personal injury lawsuit it takes time to wind through the legal process during which time the plaintiff may feel financial pressures. In most cases, the defendant will attempt to settle early offering less than the expected full settlement value of the case. When a plaintiff is already feeling the financial pressures, the offer may be enticing. Fortunately, plaintiffs have another alternative – lawsuit funding.

What is lawsuit funding?

Filing and seeing a case through the legal system can, and typically does, put a strain on finances. Lawsuit funding is a non-recourse cash advance to help plaintiffs pay mounting bills while giving their attorney needed time to achieve a fair and full settlement.

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“My client was being offered $200,000 on a case I knew was worth at least $700,000, but they didn’t have the financial means to wait for a fair settlement. Lawsuit Financial provided an initial lawsuit cash advance of $5,000 and an additional advance of $2,500 to cover my client’s mortgage and living expenses until I ultimately reached a settlement of 750,000.”

“Lawsuit Financial is always so responsive to the financial needs of my clients. Mark Bello and his team are professional and honest. They understand the financial stress innocent victims face and work in a timely manner to provide cash fast. There are never hidden surprises with Lawsuit Financial.”

D.M. – Attorney

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The litigation process is often slow and many plaintiffs can’t afford to wait for a fair settlement. When there seems to be no alternative, but to settle for less than case value, plaintiffs should consider lawsuit funding.

The underlying advantage of lawsuit funding is to help plaintiffs overcome financial pressures and wait for the full settlement they deserve. The cash advance is typically used to pay necessary bills and expenses – mortgage or rent, utility bills, medical expenses, or daily household expenses. Qualifying for funding is based exclusively on the quality of the case.

The Benefits of Lawsuit:

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What is a “personal injury?” A personal injury is a life-changing instant when you are seriously injured due to the carelessness or negligence of someone else which may or may not result in death. Irrelevant of the cause of injury, a victim often experiences severe injuries and disabilities leading to physical, emotional, and financial hardships.

If you were suddenly injured due to the negligence of someone else and unable to work, would you have a means to pay the bills – mortgage, rent, car payments, tuition, medical expenses, utility bills, groceries? How long would that money last? After exhausting all resources, how would you survive, financially, to fight a well-financed insurance company with all the time and money in the world? Although your attorney will do the best he/she can to get you justice and the largest amount of compensation as quickly as possible, your everyday expenses do not stop because you or a loved one have been catastrophically injured or killed. If you don’t have the financial ability to wait out the litigation process for a settlement or verdict, litigation funding may not be just a good option; it may be the only option.

Litigation funding, often times mislabeled as a “lawsuit loan” is a cash advance to help financially-strapped plaintiffs avoid foreclosure, debt, and bad credit. The first step to seeking financial assistance from a legal finance company is to retain an attorney. If you don’t have an attorney, our lawsuit finance company can help you find one, within 24 hours, in all 50 states. After you retain an attorney, one of our funding specialists would be happy answer your questions and help you understand the litigation funding process.

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“Ladies and gentlemen, the [facts] you are about to hear [read] are true. The names have been changed to protect the innocent.”

• Marilyn Smith suffered a traumatic head injury in an auto accident.

• Her husband quit his job to take care of her.