It can take a long time for victims to pay off their living expenses and bills due to an injury while waiting for a pending legal case to settle. Sometimes, physical assistance is required to help them with the daily activities they can no longer do independently. If the injury is debilitating, the victim may no longer be able to work.
Your finances can undergo a lot of stress, even if you are confident that you will receive a settlement. Litigation funding can help you get the cash you need quickly, so you can pay your bills and get back to a sense of normalcy.
What is Litigation Funding?
Litigation funding was created to provide personal injury plaintiffs and attorneys with financial assistance during the legal process. Law firms can use the funding to increase their working capital. Plaintiffs who need money in the aftermath of experiencing an injury or physical trauma and those dealing with emotional and mental injuries can turn to litigation funding to help them.
The Process
You can quickly obtain financial assistance through a trusted litigation funding firm. The Legal Funding Group process is designed to be both seamless and hassle-free for you and your lawyer.
The litigation funding process is as follows:
- Introduction
You call a litigation funding company or fill out an application online. Initially, they will require a basic outline of your case and your lawyer’s contact information. Once they have these details, they won’t need anything else from you for this step. - Case Review
With your permission, the funding company will first contact your law firm to get more details about your case. Based on your case type, underwriters will request specific information from your lawyer. If your lawsuit is a general personal injury claim with a small settlement, they will only ask for simple, straightforward information about the case.
- Receiving Your Cash
After your legal loan has been approved, you can receive your money in a few different ways. A check can be overnighted to you so it can be deposited into your bank account the next day. They can also send you a cashier’s check, or they can directly deposit the check electronically into your checking account. Your funds may be available to you in 1 day or less after they have been approved.
The speed at which you receive your legal funding depends on how quickly your law firm sends the information the funding company needs to review your lawsuit.
How to Get Litigation Funding
To qualify for litigation funding, the following three factors will be taken into consideration:
- Your lawyer’s cooperation
- Your case’s value
- What stage your case is in (i.e., how long your attorney has been working on your case)
Case managers evaluate every application on a case-by-case basis. Defendants and their attorneys typically force injured plaintiffs to settle for much less than their cases are worth. Here at The Legal Funding Group, we believe this is wrong. We want you to have enough funds to pay your bills and keep you afloat while you wait for your case to settle for the amount you deserve.
Every Case Is Different – Your attorney will provide our case managers with the documentation they need to review your case. This is done efficiently and quickly, as our expertly trained underwriters have years of experience working with various cases. The more valuable your case is, the more settlement money you will qualify for. Your funds will be sent to you in as little as 24 hours after they have been approved.
Your Attorney Works with Us – We can only offer you litigation funding after all of the documentation about your personal injury case has been reviewed by our case managers. If your attorney cooperates with our case managers promptly, we’ll be able to send your settlement loan check to you right away!
The Benefits
Here are a few of the significant benefits of litigation funding:
- No Credit Check – Getting approved for funding doesn’t require a good credit score, and your finances are not reviewed. Only the details of your specific case are required to get approved.
- Litigation Funding is Not a Loan – You don’t have to pay back the money you receive, even if your case loses. This is called non-recourse funding. Funding companies will receive payment from your settlement, not from you.
- Fast Funding – You will get the money you need to pay your bills and other expenses in as little as 24 to 48 hours after submitting your application.
Do You Need Financial Help?
The Legal Funding Group wants to help plaintiffs in their time of distress. We want everyone to be able to afford to settle their case for the amount it is worth. That’s why our goal is to get you the cash you need as quickly as possible. Some of the benefits we offer include:
- Openness and transparency
- 24 hours or less cash transfer once we approve your case
- Easy to understand and easy to complete the application process
If you are in need of litigation funding, apply online or call us today.
