What is the best lawsuit funding company?
There’s likely no such thing as the “best” legal funding company -- and I’d be wary of any comment or site claiming to be the best. Different funding companies specialize in funding different types of cases -- including plaintiff personal injuries, motor vehicle accidents, and commercial litigation. To get an accurate understanding of which company might be best for you, start working with your lawyer to investigate different sources of funding -- and to decide if legal funding would even be worth it in your situation. At Legal Funding Central, we specialize in matching people and cases with their most appropriate funders, ensuring that both the client seeking funding and the investor are satisfied with their funding agreement. Check out our information site, LFC360, to learn more about the legal funding process -- and if you do decide to seek out legal funding, one of our funding specialists would love to start working with you.
What is your review of Easy Lawsuit Funding?
WE PROVIDE LAWSUIT CASH ADVANCES IN AS LITTLE AS 24 HOURS! (NO CREDIT CHECK NEEDED) The Lawsuit Funding a division of Legal-Bay LLC, provides legal funding, cash advances and settlement loans within 24 hours to plaintiffs who have retained a lawyer and have a pending lawsuit waiting for settlement.
Is anyone working on a crowdfunding website for lawsuits?
Shameless plug here - I am the founder of alternative investment marketplace called YieldStreet. We offer accredited investors the opportunity to invest usually in portfolio of litigation finance cases.We offer investment opportunities in both, pre- and post-settlement litigation funding with proven originators.You can learn more about litigation finance here: YieldStreetHere is an easy to understand infographic on how pre and post settlement litigation finance works:
Where can I get money to fund my lawsuit?
There are many businesses that have jumped in to solve the issue of huge legal fees. Below is a list of crowd funding platforms through which you can attempt to raise money to fund your lawsuit:Crowdfunder funding for legal casesFunded JusticeCrowdJusticeFundRazrHope this helps!If you’d like some help in sourcing the best, affordable lawyer for your needs, please don’t hesitate to get in touch with me or Linkilaw directly.
Can someone explain what a pre-settlement lawsuit fund is?
How does it work? Must I pay it back with interest? I'm just waiting a settlement from an insurance company for permanent injury I got at a car accident, while now I cannot work properly thus cannot pay some of my bills.
Why is it taking so long for my lawsuit loan to get approved?
I’ve been asked this questiuon on a regular basis, “How long will this take till I get my money”. My standard answer is when your attorney supplies us with sufficent information to evaluate your funding request. We’ve funded people same day, but most take 3–4 days to get all the information and have it reviewed. Some attorneys see the benefit of legal funding and are very responsive, while others view this as extra work that they cannot bill the client for (personal injury cases are on contingency and attorneys only collect if there is something left of the settlement/award). And attorney fees are fixed, usually at 33%, but as high as 40% plus adminstrative costs.And you recently hired your attorney, then they might not have received all the necessary documentation, such as police report, insurance infomation, and medical requires a HIPAA release. All this document request can take time and missing information will delay the approval process.And if you are asking for large loan over $10,000.00 then most legal funding companies will like to speak with your attorney to get a better “feel” about your case. This will be in addition to the case information requested.So in closing, it really comes down to how cooperative and available your attorney is with how busy our legal funding company is. I do not know if I can include this link, but it is informative about what is needed and how long it will take to have your lawsuit loan approved.Why are so many documents needed for a Legal Financing?Regardless, good luck with your funding request and your case.Chris CooperCase ManagerPegasus
Is lawsuit loan better for my on-going expenses?
There’s no simple answer to the question of whether or not receiving an advance on your pending lawsuit is a good idea for you. It all depends on your circumstances, your case, and the rate of return that a lender would offer on your legal funding application. However, for many people legal funding is a great option. If you’ve exhausted traditional financing options -- like loans from a bank, credit cards, or borrowing from friends and family -- you might be in the perfect opportunity to leverage your new asset (your lawsuit) to help you keep up with your on-going expenses as you await a settlement. With legal funding, a third-party investor purchases a small stake in your lawsuit, giving you money upfront to help with your everyday expenses, in exchange for a return on their investment if (and only if!) you receive a settlement. My advice to you is to do more research on the legal funding industry, and on the pros and cons of taking on a non-recourse debt. LFC360, a blog dedicated to all things legal funding, has plenty of resources to get you started, including a calculator you can use to estimate how much legal funding will give (and cost) you. Ultimately, though, the decision is yours to make -- with your attorney’s assistance and guidance, of course.
Does anyone have experience with advance loans on lawsuit settlements?
The state bar has informed lawyers that we should not give advice to accept an advance loan. The interest rates are so high that its unethical and predatory lending in my opinion. Ask your lawyer to get a move on it....Ask to see the letters where your lawyer is demanding a response to your settlement offer. The loan is most likely without recourse, meaning you don't have to pay it back if you don't win. The comments about the lawyer not having confidence is not accurate, as the loan company makes the decision regardless of what the attorney says or does.
What are the benefits of a Lawsuit Loan?
The benefits of a lawsuit loan is that it provides you access to cash and alleviates financial stress while negotiating your lawsuit.There are several companies that provide lawsuit funding. One company I know of, Grape Leaf Capital, provides both pre- and post-settlement cash advances to plaintiffs with pending personal injury lawsuits.Legal funding is not a loan, it is an advance of cash. There are no monthly payments, no upfront payments, and money is advanced on a non-recourse basis - meaning that they only get paid if you win your case.I would recommend that you discuss your options with your attorney and discuss what’s best for you. If you are going to be out of work for several months or have bills piling up, I would highly recommend that you consider a lawsuit loan.