Settlement Finance

Pre settlement lawsuit funding is a type of loan borrowed by a plaintiff and paid back at the end of a case. Pre settlement funding is most often offered as non recourse meaning you pay back the sum of the loan with interest after a lawsuit is settled. If the lawsuit never reaches a settlement and the plaintiff losing their case, the loan will go unpaid, meaning you don't have to pay back the pre settlement loan.

Prior to applying for pre settlement lawsuit funding the plaintiff must always have the representation of a lawyer. The lawyer will be required to work with the lawsuit funding company in providing legal documents outlining your case. These documents are used to fully assess the strength of your case and ultimately serves as a benchmark of whether you will qualify for the advance. If a plaintiff qualifies for pre settlement lawsuit funding the same documents will be used to assess how much money they may qualify for at the time of the loan.

LawLeaf an online lawsuit funding service works with a network of pre settlement funding companies who all offer non recourse funding. Our service allows our clients to shop rates and payments in hopes of satisfying their financial needs. Our lenders compete for your business.

When searching for a pre settlement lawsuit funding company its important to understand each company has their preferences. There are many types of cases in which a lender will fund or not fund. For instance some companies provide structured settlement funding, commercial litigation financing and law firm loans. Others only offer pre settlement funding. Furthermore just because a company offers pre settlement lawsuit funding doesn't mean they will take all personal injury cases. There are always cases in which a company may prefer one case over another and some companies that don't fund all personal injury cases. This is where LawLeaf can help. Not only do we save our clients the time searching for the right companies but we also provide options to each of our clients.

The process:
Once you've decided to secure pre settlement funding you should first apply with LawLeaf. When LawLeaf receives an application they go through a review process. They begin by looking at the funding type, case type and the amount of money the plaintiff is requesting. Based upon our experience we will immediately send your application to 1-3 different lenders. Once the application is sent out to our lenders they will begin contacting your attorney for the case documents. Once the lender has received the documentation they send the information to their underwriting department for a full review. This process typically takes a few hours before the application is approved or denied. If your application is approved you will be notified by the lender and a contract will be drawn up. The process from start to finish oftentimes takes less than 24 hours of applying with LawLeaf.

People contact LawLeaf because they have financial needs. Pre settlement lawsuit funding can be used to pay down expenses and help supplement a loss of income. Essentially you can use your pre settlement funding for whatever you feel necessary. LawLeaf has the reputation of getting funding for even the toughest cases. We have even been successful in getting pre settlement funding for cases that have already been funded by another lender. While many of our clients come from the Internet we have an equal number of clients that are referred by past clients and attorneys whom have dealt with our company in the past.

If you are seeking pre settlement lawsuit funding we ask you to apply online at LawLeaf today.