Benefits of Pre-Settlement Legal Funding for Law Firms
Pre-settlement funding helps plaintiffs cover their bills while awaiting a personal injury settlement. However, a law firm’s clients aren’t the only ones who can benefit. A lawsuit involves many steps and can require a significant amount of capital. We’ll look at the advantages of pre-settlement legal funding for law firms and some of the basics […]
What Does Post-Settlement Mean?
Different types of legal funding are available when you have a personal injury case or claim. Lawsuit funding companies generally consider whether the case is in pre-settlement or post-settlement. A settlement is an agreement resolving a dispute or establishing a party’s rights. The legal term often used here is “full and final settlement”. But plaintiffs […]
What Is Class Action Lawsuit Pre-Settlement Funding?
Class action lawsuit pre-settlement funding can provide much-needed cash now when the legal process can take years. Involving numerous plaintiffs, class action lawsuits are notoriously time-consuming and hard to settle. Pre-settlement funding can cover your medical bills and living expenses until the case concludes. It also gives attorneys a chance to negotiate a higher settlement […]
HOW DOES A STRUCTURED SETTLEMENT WORK?
A structured settlement, also known as a structured settlement annuity, enables a personal injury plaintiff to receive the proceeds of their compensation as a series of smaller payments over time, instead of as a lump sum. Periodic installments are not subject to income tax. The idea is to provide long-term financial security to someone who […]
WHAT QUALIFIES AS GROSS NEGLIGENCE?
“Gross negligence” is a term often used in legal cases. To prove a party’s negligence, it must be shown they had a duty to take precautions to protect you under the circumstances, breached that legal duty, caused injury by some action/inaction, and this directly caused you harm. These four elements are required to file a […]
Does a Pre-Settlement Loan Charge Interest?
What’s often referred to as a pre-settlement loan isn’t like a traditional loan. You don’t pay it back unless you win, and you pay nothing out of pocket. The cash advance is paid back out of the proceeds of your settlement. But like a loan, pre-settlement funding companies do charge interest and an origination fee. […]
Is Pre-Settlement Funding Right For Me?
When you file a lawsuit, it can take months or years to reach a settlement. Meanwhile, you may be depending on the proceeds you’ll receive for damages, especially if it’s a personal injury or wrongful death case. A pre-settlement contingent cash advance can lessen the financial strain. Unlike a loan, it’s not paid back if […]
What is Post-Settlement Funding?
Being awarded damages by a court can take a while. By now, you’ve been dealing with a case, not to mention possible injuries and expenses related to an accident, for some time. Just because you’re now entitled to compensation, doesn’t mean you’ll receive the money anytime soon. That’s where post-settlement funding comes in. If you […]
How Long Does a Settlement Take?
Plaintiffs in a personal injury case often ask, “How long does a settlement take?” Being in a hurry to settle the case often means being awarded fewer damages. You can get a larger settlement amount by letting your attorney fight for your rights. But this can take a little time. Settlement funding can cover your […]
Is It OK to Take a Cash Advance on a Pending Lawsuit?
A cash advance on a pending lawsuit can cover immediate expenses, including medical bills, rent, and food. Contact FCA or apply for legal funding today.