What Is Legal Funding?
Have a Lawsuit But Need Some Cash Now?!
Legal funding can be ‘the great equalizer’ during stubborn insurance settlement negotiations.
Legal funding is a risk-free cash advance that provides immediate financial relief to injured plaintiffs nationwide.
What Is Legal Funding?
Plaintiff legal funding is referred to by a variety of interchangeable names like pre settlement loans, lawsuit loans, lawsuit funding, post settlement funding, legal loans, and litigation finance, just to mention a few.
Despite what people might call it, however, it is important to note that legal funding is not a loan.
Instead, legal funding is a non-recourse lawsuit cash advance against a portion of the future anticipated value of a plaintiff’s lawsuit settlement.
Rather than credit scores, legal funding approval is based almost entirely on the strengths and merits of the underlying legal claim.
To pre-qualify, there are only a few “must-haves”:
❇️ You must have significant injuries
❇️ Your claim must be represented by a contingent-fee attorney
❇️ There must be clear liability against a sufficiently insured defendant
❇️ You cannot be at fault for your injuries
There are no credit checks, no employment or income requirements, and no monthly payments either.
The best part about non-recourse legal funding is that you don’t have to repay the advance unless, and until, your case is resolved successfully by either a settlement or jury verdict in your favor.
Legal Funding: Born Out of Necessity
Plaintiffs seeking fair compensation for their injuries have always faced an uphill battle. What’s worse is that many insurers have earned a well-deserved reputation for exploiting the financial circumstances of injury victims.
Delay, deception, and other dirty tricks are often used to force premature claims settlements. Regardless of tactics, the goal is always the same; compel vulnerable and financially-compromised claimants into accepting less-than-fair compensation for their injuries.
- 9 Ways To Avoid Getting Duped By Insurance Company Settlement Tactics
- Everything You Wanted To Know About Litigation Finance
In response to decades of abuse, the foundational idea behind plaintiff lawsuit funding was, and still is, simple and well-intentioned:
“Legal funding is intended to help plaintiffs negotiate from a position of strength, rather than from a position of vulnerability or desperation.“
This is frequently called “leveling the playing field”.
TriMark Legal Funding is here to give you a helping hand, right when you need it the most.
Get Help With Legal Funding
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