HomeLegalLawsuit Funding:  Financing For Cases In Litigation Helps Injured Parties

Litigation Won't Hurt Injured With Financing

Disabling injuries are rarely expected and neither is the hardship that goes along with them. Litigation financing can help those with pending settlements have the money to take care of their financial obligations. All too often, injuries caused by accidents at work or away from home can put you in a financial spiral that threatens to make you lose everything you've worked so hard to obtain. To qualify for a loan through lawsuit financing you'll have to have a meritorious claim in litigation and meet other standards as determined by the lender in order to assure that you both benefit from this kind of financing agreement.

When you're injured, you can't work. That's where litigation financing comes in. No work means you may have no money to take care of the rent, food, utilities and other necessities that you may have. If you're in financial need after an accident or work-related injury then it may be in your best interest to get a pre-settlement loan. That's because in many cases, the low interest financing can allow you to have the money you need to make ends meet during those tough times. Sometimes these financing programs are made through a law firm and other times they are through a variety of legal funding groups or lenders.

Litigation Financing

Litigation financing often requires no credit checks or monthly payments. It all relies on your final settlement. The financing company will determine how much you're eligible for depending on the presumed amount of your compensation. This can range anywhere from a few hundred to several thousand dollars. The determinations that they use to decide whether or not to finance you the money include whether or not they feel that you are filing a frivolous claim. There are many cases that would be almost immediately denied due to the less than meritorious lawsuits. The chance that these cases will be simply dismissed is too great to simply give them approval.

If you're considering litigation financing there is one thing you need to consider. This is not free money. Whatever amount you receive must be paid back after you collect on your settlement or judgment. This might mean that in the end you will have substantially less than you originally would receive. That is because you'll be paying back what you’ve borrowed. However if you lose you case, you may not have to pay back any of the amount. Make sure that you really want to go through with litigation financing before making the decision. However, it may be one of the best decision you can make when times are tight.

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