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Funding Your Lawsuit in Advance

Do you need advance lawsuit funding? Perhaps, like many people, you've been injured through no fault of your own. Now you have to wait until your lawsuit is settled. But you're running short of money; you can't work, and you can't pay your bills either. And you need cash to pay your attorney as well, or he could drop out of the lawsuit. What can you do?

You may have a better solution available than you would anticipate. There are a number of companies that advance money to victims bringing suit, some of them providing as much as $100,000, depending on the suit. Some of them charge a flat fee, while others charge an annual or monthly interest rate. In any case, you will pay a significant sum of your settlement to the cash advance company; but if you lose your case, you won't owe any money at all. It's a choice you have if you've run out of other options.

Finding Advance Lawsuit Funding

Companies that provide advance lawsuit funding are most easily available on the Internet; you'll find them advertising there. You may also be able to get a recommendation to one from your lawyer. Your attorney will not be able to help fund your lawsuit himself; he's barred from doing this due to conflict of interest rules. When you look for these cash advance companies, be certain to get several quotes and compare them; they have a wide variety of funding schemes, and some can cost you much more in the long run. For instance, if you choose a company with a monthly interest rate and your lawsuit drags on longer than expected, your payment can be much higher than anticipated. For those that charge interest, find out whether the interest is simple interest (on principle advanced only) or compound (on both principle and accrued interest). Compound interest costs you a lot of money in the long run. Ensure that you have all your facts straight about advance lawsuit funding before you commit to anything.

If you're not certain you need to use advance funding, you shouldn't. This sort of financing can be expensive. If you have any other way to fund your lawsuit, use it; the interest will be lower. But the reality is, you often don't have that resource available to you. When you absolutely have to have money for your lawsuit, a cash advance company may be your last and only hope.

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