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?
Getting a cash advance on your lawsuit and future settlement is perfectly legal and a common practice these days. There are many lending companies like Fund Capital America that can help. When you file a lawsuit, claims can take a while to resolve, while financial difficulties prevail and there are living expenses to cover. A […]
Can a Pre-Existing Condition Affect My Litigation Funding?
If you’ve been injured in an accident, filing an injury claim can help pay for medical expenses and make up for lost wages and income. But there are many factors that can complicate matters. One is if you have a pre-existing medical condition. Here, we’ll discuss how this can affect your case and whether you’ll […]
How to Get an Out of Court Settlement
Litigation and court trials are expensive. Parties in a lawsuit often agree to an out of court settlement to resolve their dispute and save money, time, and energy. It’s the final decision and ends any potential proceedings. In most cases, you can’t be forced to settle out of court, and there’s a greater degree of […]
Coronavirus Leads to Increase in Demand for Lawyers & Legal Funding
As coronavirus has spread across the nation, employers have been forced to close, causing financial hardship for millions. State and local governments have limited social gatherings, restricted restaurants to delivery and take-out only, and enforced stay-at-home orders during the pandemic. There’s also another impact of COVID-19—an increase in demand for lawyers, legal services, and legal […]
How Legal Funding Impacts Taxes
A lack of money can put a personal injury case in jeopardy. A pre-settlement advance can help a lawyer and plaintiffs, but there are tax considerations with pre-settlement funding. This can eventually affect your finances even with the new IRS tax deadline of July 15. Extended from April 15 due to the outbreak of the […]
Difference Between a Lawsuit Loan and a Pre-Settlement Cash Advance
Personal injury cases get pushed back for many reasons. Courts are now relying on technology to push cases forward during the COVID-19 crisis, but some cases are being held back or put on hold altogether. If you’re out of work, the bills are due, and you’re facing overwhelming expenses, you need money now. Plaintiffs have […]