A lawsuit settlement is provided by our pre-settlement funding company, aiming to help potential plaintiffs and emerging plaintiffs in the most affordable way.
It is money that the company gives to the potential plaintiff so that they can pay their daily bills while they wait for the final decision in their legal case.
Why Do Lawsuit Loan Companies Offer Lawsuit Settlements?
Many people are curious as to why companies offer lawsuit loans to plaintiffs. Well, companies do this because they know that justice can’t be done if the lawsuit isn’t pursued. Aside from the fact that the companies are helping the person to get the justice that he deserves, the lawsuit loan company will also earn through the fees that will be collected from the plaintiff at the end of the case.
What Should You Pay for a Lawsuit Loan?
If you are planning to get it, then there is no need to worry about the upfront costs. Remember that the lawsuit loan company wants to provide you with a lawsuit settlement to lessen your financial burdens rather than add to them. All the fees will be collected after the lawsuit battle. In the meantime, the plaintiff is only required to submit the completed application form for pre-settlement funding and to ask their lawyer to give the company the details regarding the lawsuit.
The amount of money that the plaintiff is required to pay for the lawsuit settlement will depend upon how long he is able to repay the company back. The amount of his settlement will also be a major factor.
It is simply because if the plaintiff received lower compensation than what is expected, then the lawsuit loan company cannot force him/her to pay them an amount that is equal to or much higher than what he received from the lawsuit.
How Many Days to Wait to Get the Money That the Plaintiff Needs?
Unlike other arrangements, there is no need to wait for a long period of time to get approval and to get the lawsuit settlement. Most of the time, the plaintiff only has to wait 24 to 48 hours before he can get the money from the lawsuit loan company. Without a single doubt, this is definitely the fastest way of acquiring cash on hand.
As long as the plaintiff is planning to file or has already filed a legal case—such as a product liability case, breach of contract case, and many more—then the plaintiff will have no issues or difficulties in applying for and claiming his lawsuit settlement.
Always remember that a plaintiff needs to consult his lawyer first before submitting the application form to the pre-settlement funding company. Without the lawyer’s approval, there is a good chance that the lawsuit loan company will turn down the application. Therefore, never ever forget to seek legal advice and to tell the lawyers about your plans for lawsuit funding. Still, don’t have an attorney you can learn about pre-settlement funding without an attorney content.