Settlement Funding a Financial Product
on الثلاثاء، 4 مارس 2014
If you are a plaintiff in a lawsuit in which you were hurt and you are seeking compensation for damages, you might qualify for pre settlement funding. Pre settlement funding is a tool that provides money to a plaintiff before or during the course of a lawsuit. The money that is borrowed is non recourse, which means if you lose the lawsuit for any reason, you don't have to repay the cash advance.
There is no other financial product in the market that will allow a person to borrow against the chances their lawsuit will settle; that was until pre settlement funding entered into the law markets. Pre settlement funding is provided by hedge funds and/or investors that gamble on a set of cases, in hopes of a positive gain. While their investment is secured through an underwriting process, there are some cases which the investor will lose.
You may have heard of the word contingency fee basis, considering you are probably going through a lawsuit. This is also true for plaintiffs that borrow against their lawsuit. If no recovery, no payment.
The nature of pre settlement funding is dynamic. There is no other financial tool like it. You can have bad credit or no credit, be without a job, be in debt and own no assets and still get $10's of thousands of dollars through a legal advance. Try this with a bank. This is because pre settlement funding is provided using the future proceeds from the case as collateral. In return the plaintiff will agree to a contract with the lender to pay back, if and when the win, the principle plus interest.
At LawLeaf we provide pre settlement funding for a variety of different personal injury cases including but not limited to:
There is no other financial product in the market that will allow a person to borrow against the chances their lawsuit will settle; that was until pre settlement funding entered into the law markets. Pre settlement funding is provided by hedge funds and/or investors that gamble on a set of cases, in hopes of a positive gain. While their investment is secured through an underwriting process, there are some cases which the investor will lose.
You may have heard of the word contingency fee basis, considering you are probably going through a lawsuit. This is also true for plaintiffs that borrow against their lawsuit. If no recovery, no payment.
The nature of pre settlement funding is dynamic. There is no other financial tool like it. You can have bad credit or no credit, be without a job, be in debt and own no assets and still get $10's of thousands of dollars through a legal advance. Try this with a bank. This is because pre settlement funding is provided using the future proceeds from the case as collateral. In return the plaintiff will agree to a contract with the lender to pay back, if and when the win, the principle plus interest.
At LawLeaf we provide pre settlement funding for a variety of different personal injury cases including but not limited to:
- Amusement Park Accidents
- Asbestos settlement
- Assault & Battery
- Auto Accident
- Boat Accidents
- Bus Accident
- Car Accidents
- Construction Accidents
- Dog Bites
- Drinking & Driving
- Mesothelioma
- Motor Vehicle Accident
- Pedestrian Accident
- Personal Injury
- Plane Accidents
- Workers Compensation
- Wrongful Death
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