A lawsuit cash advance can be beneficial in many ways. Cash advances on settlements grant you access to your money quickly, unlike loans. The funds can be used to pay for various expenses such as medical bills, mortgage or rent, and vehicle repairs. You can receive an advance on your pending settlement payment by applying for a lawsuit cash advance through The Legal Funding Group. We provide financial services for plaintiffs and attorneys tailored to suit their needs.
What is a Lawsuit Cash Advance?
A lawsuit cash advance is risk-free funding for your expected lawsuit settlement award. It can often take years for a plaintiff to receive a settlement check. Meanwhile, your family responsibilities and bills continue to pile up. If you are a victim of a personal injury, this can be a significant setback. When a financial shock would otherwise leave you struggling to make ends meet, a lawsuit cash advance can offer you peace of mind and financial security.
How It Helps
When an individual becomes injured due to the negligence of a pharmaceutical company, or as a result of a faulty medical device, medical malpractice, or an accident, everything can change in the blink of an eye. You now have an injury that will require medical care and weeks, if not months, of recovery time. You will also have to worry about time away from work, your family’s well-being, and the legal ramifications you will experience due to the accident.
You may be able to resolve some claims within a reasonable period of time, but others could stretch out months or even years. The courts may delay trial dates due to the number of lawsuits that are filed or because both sides were unable to reach an agreement. An insurance company may also try to deny your claim.
Financial problems in these circumstances can become serious very quickly. Families may be unable to pay for medical insurance and could face vehicle repossession or a home foreclosure. Funds for transportation and groceries eventually dry up as well.
Families in need of financial assistance should not settle for a lower settlement amount or consider bankruptcy. The Legal Funding Group can provide you with a better alternative with a lawsuit cash advance.
How to Apply for a Lawsuit Cash Advance
An individual can apply for a lawsuit cash advance during any stage of a lawsuit. When an attorney is representing the injury victim, the plaintiff may be eligible for funding if:
A claim was filed with the insurer.
The plaintiff’s demands were submitted to the insurer by an attorney.
The plaintiff’s bills and medical records can be appropriately evaluated.
The case is in a pre-litigation stage. A complaint hasn’t been filed against the insurer.
The case is still in the early steps of litigation and discovery.
The lawsuit settled before going to trial, but the insurer hasn’t paid on time.
The case went to trial, and the verdict is in the victim’s favor, but the insurer hasn’t paid the claim yet.
Litigation hasn’t started yet, but medical treatment and property damage repairs are finished.
Our Lawsuit Cash Advance Process
Application: You will provide us with some basic information about yourself and the lawsuit, the name of the lawyer who is representing you in the case, and their contact information.
Approval: Prior to approval, we will communicate with your lawyer, and he or she will send over the documents the underwriter needs as part of the evaluation process.
Cash Advance: Our staff will formulate a contract after your application is approved. Your cash advance will then be provided to you against your projected settlement.
Does My Case Qualify for a Lawsuit Cash Advance?
Your chances of receiving a cash advance have nothing to do with your personal financial history – it’s about the merits of your case. The stronger they are, the better chances you have of receiving funding. There are a couple of basic qualifications that are unique to each case.
Our case managers review the following factors:
Damages: To receive a cash advance on a pending settlement, you must have sustained some type of economic or bodily damage. These damages can include physical injuries such as whiplash or bone fractures or economic damages, including lost wages. We may ask for a plaintiff’s medical records to get a general idea of the type of treatment you have had and/or any medical liens included as part of their treatment costs.
Insurance: We will often assume that your maximum case value is the sum of relevant insurance coverage. Our underwriters will ask your attorney if you have UIM coverage if you are in an automobile accident, as well as the policy limits of the defendant’s insurance coverage.
Liability: The defendant must have been liable and responsible for any injuries you sustained. To win a settlement, you must be able to prove that they were at fault by showing that their negligence caused you to become injured. The liability is clear if the defendant rear-ended your car, thus increasing your likelihood of being approved for a cash advance. A police report determines who is at fault in most traffic-related accidents, but police officers aren’t always correct in their assumptions. For slip and fall or premises liability cases, a witness statement or an incident report can establish a defendant’s liability.
Several requirements must be met to receive a lawsuit cash advance from us. You must have an attorney representing your case, and you must either be receiving settlement checks or have a settlement offer.
The following types of cases qualify for cash advances:
If you already have a documented settlement offer of your projected settlement amount, it shows us the value of your case and increases your odds of receiving post-settlement funding. Bear in mind that injury lawsuits in some states do not qualify for post-settlement funding.
How Lawsuit Cash Advances Can Be Used
Your financial obligations will continue to pile up, even in the middle of a personal injury lawsuit. Life will carry on regardless of whether or not you can pay your bills.
A lawsuit cash advance from The Legal Funding Group will help you pay for a variety of different expenses, including:
Mortgage or rent
Groceries and other household necessities
Vehicle bills and repairs
Everyday expenses for your children and family
It can take years to receive a settlement, and personal loans can cost hundreds of thousands of dollars in interest the longer you wait for your case to settle.
Why Choose Us?
Our clients are our number one priority at The Legal Funding Group. We realize that not everyone can afford to wait for a case to settle, which is why we work hard to get you the cash you need as quickly as possible so you can pay your bills and get back on your feet.
Contact The Legal Funding Group
Fill out an online application today or give us a call at (912) 207-8114 to get started with your lawsuit cash advance.