Pre-Settlement Lawsuit Financing: Is It The Answer
It's all too common a scenario: you're injured at work, in an accident, by a doctor. You're smart, and you know what you deserve, so you go to an attorney. You find out that the lawyer is willing to work on a contingency, so you don't have to pay him up front, or at all if he loses.Perfect, right?Wrong. Even though you may find a great attorney who will work for nothing up front, you're still going to have bills: personal expenses piling up, medical bills, special equipment and drugs, replacement of the vehicle damaged in the accident. You may find that the pressure of needing money is closing in. Perhaps your mortgage is due, and you can't meet it. But the lawsuit is dragging on. Your lawyer has everything together. The expert witnesses, paperwork, all the proof you need for your case is ready. It's the other side who are dragging their feet. Worse, they keep offering "generous" settlement after settlement. They call it generous. You call it highway robbery. It will barely pay the bills you have right now, let alone the thousands you anticipate for the next decade or more. It isn't enough to compensate you.But if you don't sign it, it buys them time. It's not fair.Pre-Settlement Lawsuit FundingFortunately, you have another option. A pre-settlement lawsuit funding company will advance you money, for a fee, so you can afford to survive while you're waiting for the lawsuit to be settled in court. They have restrictions; in general, you should have a suit that's six months old with an anticipated settlement value of at least $20,000, and your lawyer has to verify that you are experiencing financial hardship.After these things have been confirmed, you can get funding for a flat fee based on a percentage of the advance amount that may be lower than bank prime interest rates. You won't pay any up-front fees; lawsuit funding companies know you can't afford another bill.Sometimes just knowing that you've got a lifeline will get the person or organization to settle; what's the point of dragging it on at that point? Even if they don't, the stress of not having the cash to pay your bills is lifted from you. Your life will be better, and your health will probably be better as well.Better yet, if you lose your lawsuit, you don't have to pay back a dime of the advance. Lawsuit funding isn't limited to plaintiffs. Sometimes lawyers have a need for cash before the case is settled. Whether it's to pay for good expert witnesses or medical testing for the plaintiff, lawsuit funding can ensure that the lawsuit won't stall and will have the chance it deserves against a better-funded party.You can get lawsuit funding for personal injury and product liability lawsuits including wrongful death and malpractice. You can also get it for class action suits, breach of contract, and worker's compensation.
About the Author
Claude Washington has over 5 years of experience helping his clients obtain lawsuit financing to help relieve financial pressure until thier case is settled in a court of law.For more information visit us at: www.wnafastcash.com Visit their website at: http://www.wnafastcash.com
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