Lawsuit Funding Myth #1: Cash Advances Exploit Plaintiffs
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Share: Author: Brad
Author: Brad
Legal funding is one of the fastest emerging financial trends in the U.S. justice system.Industry leaders are currently reviewing more than 25,000
lawsuit cash advance applications per month. This illustrates thatlegal funding has risen from relative obscurity ten years ago to the forefront of marketplace solutions for clients. Lawsuit Funding Myth #1: Cash Advances Exploit Vulnerable Plaintiffs. A big misconceptionaboutlawsuit funding is that it exploitsthe mosy vulnerableplaintiffs atthe time when they are the least able to make informed decisions. This myth isreally prevalent among attorneys whobelieve that unscrupulous lenders might use their clients situations for unfair advantage. However, in reality, a lawsuit cash advance often provides an escape hatch for people who have beenput in a tough financial positionby a combination of circumstances and the notoriously slow wheels of the legal process. The Fact Is That Lawsuit Cash Advances Help Those Who Need It Most A prototypical recipient ofthis type of cashadvance is a working mom -- a single parent head-of-household who is living paycheck to paycheck with little or no savings. Given the lack of a cushion, an accident canvery easilyresult in a quick financial downward spiral. While legal fees are generally handled on contingency,handling basic living expenses presents a serious challenge to many plaintiffs. With a lawsuit cash advance, a modest advance for key expensescan provide essentialrelief from accumulating bills, potential eviction or foreclosure, and keeps food on the table for the client and their family. Rather thantaking advantage ofplaintiffs,a lawsuit cash advance acts as a safety net for individuals who dont have the resources to withstand the prolonged litigation. Without this third-party funding, a difficult financial situation would likely become a total financial disaster. Call Brad for more information on lawsuit cash advances: 877-496-8999About the Author:
Brad Shifrin is the owner of Legal Advance Funding, a company that specializes in
lawsuit cash advances for people in need. Located on the east coast, Legal Advance Funding can do your lawsuit settlement cash advance in 48 states. Please contact him for your no-obligation
lawsuit cash advance application and consultation.
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