subject: Getting a Fast Lawsuit Cash Advance [print this page] Plaintiffs involved in a lawsuit often require a fast lawsuit cash advance to ties them over while they are waiting on a lawsuit to settle. Lawsuits can often take months or years to settle and the injured party may have a considerable amount of difficulty in making ends meet during that time. This is where fast lawsuit cash advance funding comes in, to help plaintiffs so that they do not have to settle for less than their lawsuit is worth.
Lets being by outlining exactly what a lawsuit cash advance is. It is often referred to as a lawsuit loan or a personal injury loan. While these terms are widely accepted as being true, in a strict sense this is not a loan as there is no requirement for it to be repaid if the lawsuit is lost. In much the same way as lawyers fees are contingent upon a successful verdict, so too are lawsuit loans. So a more fitting term would be an advance on the expected lawsuit settlement amount.
The next question is how much you can expect to be advanced on your lawsuit. Lawsuit cash advances are generally issued based on what the lawsuit funding company expects your case to be worth and how far advanced the case is. Generally the more you are expected to receive, the more you can get. Also, if it is at the early stages of your case you would probably expect to receive less because the outcome may still be ambiguous.
The best thing to do would be to contact a lawsuit funding company that will review your case, speak to your attorney and make a determination based on the facts at hand. Lawsuit financing companies will generally advance you up to ten per cent of what your case is worth.
The rates on fast lawsuit cash advances can also vary in much the same way. If your case is far advanced or you have already settled you can probably expect lower rates than if your case was at an early stage. Again, you should get an evaluation from a reputable lawsuit funding company at this point to help determine what your case is worth and how much you can receive, at what rate.
An important thing to realize about these advances is that you should not pay anything until the final settlement. Make sure to check this with the lender, but the standard practice is that there are no monthly charges.
