Third party litigation funding can help you to meet financial burdens while you are recovering from injuries you have sustained. Most of the time, as a victim of an accident, a person can lose months of work, if they are able to return to their previous occupation at all. The financial burdens can cause a person to settle early for far less than they deserve due to the pressure of the costs involved in a lawsuit. That’s where third party litigation funding comes in. Obtaining funding relieves that pressure so you can continue on with your lawsuit.
You don’t have to make monthly payments with third party litigation funding and, if you lose your lawsuit, you don’t have to repay the loan at all. If the lawsuit settles in your favor, the repayment amount will be automatically deducted from the settlement at the end of the case. Advances for third party litigation funding are usually 10 to 15 percent of the predicted amount of the settlement. We take the entire risk and still offer the lowest repayment rates.
There is no charge to apply for third party litigation funding and you are not committed to accept our offer. We don’t check your credit or your employment, only that you have an attorney and a feasible lawsuit. Once approved for third party litigation funding, you will receive your cash, in most cases, within 24 hours.
Attorneys can also apply for third party litigation funding. If an attorney needs funding for one or more lawsuits, we will fund up to $1,000,000.00 to help with court costs and other expenses. Getting funding can help relieve the pressure of higher court fees so that smaller firms can afford to pick up new cases and lawsuits. The application process for third party litigation funding is different for attorneys. They will need to give information about their business income and expenses, as well as other information when applying for third party litigation funding.
TAG: Third Party Litigation Funding