A lawsuit settlement process can be lengthy and one that follows a given set of procedures. For someone who can’t wait that long for an impending settlement award, a lawsuit cash advance comes in handy.
Most lawsuits that call for monetary compensation often take more than a couple of months or even years before a final judgment is reached. Cases that involve personal injury, unlawful termination of contracts/jobs, commercial litigation, etc. could mean that the victim’s source of income has been compromised. Victims in such situations hit a financial roadblock and this gets even worse if they are the breadwinners in their respective family setting.
How does it work?
Lawsuit funding, unlike the contemporary lawsuit loans, doesn’t consider your credit check or employment status. All you have to do is make an application and the lawsuit funding company will communicate through your attorney about case details and whether the application went through or not.
Legal-Bay lawsuit funding company offers a free evaluation where you get to know how much you can qualify depending on the status of the lawsuit claim. Once approved, the funding will be reimbursed into your account as soon as possible; often within 24 hours.
Since this is a lawsuit settlement funding, you’ll be required to pay the amount only if you win the case. If you lose, you don’t pay anything. This means that proper evaluation of the claim is key to receiving the funding.
Why take a pre-settlement advance?
There are more reasons to take a pre-settlement advance as there are reasons not to, especially if you’re in need of one. Considering that the case evaluation is free and you’re not required to pay anything before you’re awarded monetary compensation by a court of law; this is 100% risk-free for you.
While most loans have hidden fees, Legal-bay lawsuit funding has the least pre-settlement rates that are communicated upfront during the evaluation process. This rules out any hidden costs and allows the client to be aware of the amount he/she expects to repay after the lawsuit has been settled.
Eligible claims
By taking a free case evaluation, you will know if your claim is eligible for a lawsuit funding or not. The company, however, has a list of lawsuit claims that they consider eligible for funding. These include but not limited to;
- Motor vehicle accidents
- Commercial litigation
- Maritime laws/ Jones acts
- Personal injury or negligence lawsuits
- Wrongful deaths
- Workers compensation
- Discrimination lawsuits
- Sexual abuse or harassment
- Wrongful imprisonment
The list is endless as there are more cases that could attract more than just one claim. Applying for an evaluation is the best way to determine if your case is eligible, and how much you can receive upfront, for that case.
Is it worth it?
Whether going for a lawsuit funding is worth it or not depends on a number of factors, and 99% of the time, it’s the best you can get if you’re in a financial crisis. Insurance companies, for example, are often fast to underpay their clients or victims, and many who are desperate for instant settlement will take the shady deal.
By securing a lawsuit loan, you can pay your immediate and more demanding bills hence you’re in a better position to negotiate for a better offer. To learn more about lawsuit funding and even apply for an evaluation, visit https://lawsuitssettlementfunding.com/ today and you’ll have made an important step to solving the various challenges that come with different lawsuit claims.