Unfortunately, people are involved in injuries each and every day and such injuries have become a common occurrence in the United States. Lawsuits are usually filed for a variety of reasons, including those arising out of personal injury, wrongful death, neglect, sexual harassment, civil rights, class action, Workers’ Compensation, etc. A large number of these lawsuits often appear frivolous-and often they are. However, one must be careful not to hastily conclude that the case lacks merit just because there are some questions involved in analyzing the case. Fortunately, many individuals who sustain these injuries are able to obtain financial assistance by obtaining lawsuit loans and settlement loans to assist during very troublesome times.

What is the concept of a lawsuit presettlement loan? Quite simply, a lending company, customarily comprised of a group of investors, buy by interest in an outstanding claim (i.e., a pending lawsuit). When this happens, the plaintiff is often able to obtain the cash-advance on that case that will assist them in continuing the litigation. Although it seems fairly simple and straightforward, there are several nuances to this process with which individuals seeking this form of assistance should be familiar. Hence, the need for a lawsuit loan broker to assist you in walking through the process.

In light of the risk that lawsuit loans and settlement loans pose to those who advance the lawsuit funding, it is necessary for fees to be charged for allowing plaintiffs to access that cash prior to settlement. Unfortunately, many individuals mistakenly refer to this as interest rates. However, there are no actual interest rates in settlement funding. The rates that are charged for providing the funding are referred to as risk-fees. These fees will be based on the amount of risk involved in prevailing in that underlying claim.

The reason that no interest fees are charged is because these are non-recourse funding instruments. This simply means that if you do not win the lawsuit, you don’t have to repay the lawsuit loan advanced to you. This gives individuals a great deal of comfort in times of financial-distress. As many individuals who sustain these injuries will quickly find, expenses quickly mount and the ability to continue to earn an income during the process of recovery may be substantially diminished.

It is interesting to note that for individuals to qualify for litigation funding, their credit history is of no importance to the funding companies. They are more interested in the underlying lawsuit. It is the actual case – not the applicant – that will be the focus of the lender’s attention.

It is vital to realize that individuals are unable to obtain lawsuit loans and settlement loans without a licensed attorney representing them. It will be absolutely essential that individuals seeking lawsuit funding retain a competent attorney who will work closely with the funding companies to assist in expediting the processing of your claim. Any delays in getting documents will substantially delay your funding. Additionally, such delays may totally prevent the applicant from being able to achieve the much needed litigation funding altogether.

Legal Settlement Loans is a premier educational resource for settlement loans. You can view our lawsuit settlement loan FAQ to answer more of your questions regarding lawsuit loans.

Article Source: http://EzineArticles.com/?expert=Dr._Tom_Rhudy
http://EzineArticles.com/?Understanding-Lawsuit-Loans-And-Settlement-Loans&id=6852312

I am often intrigued by concerns our clients express regarding lawsuit funding and settlement loans. Interestingly, although this form of funding is markedly increasing in popularity, most people, to include plaintiffs and attorneys, are unaware of the fact that lawsuit loans are readily available for numerous types of cases. However, even fewer people are aware of the tremendous value of such resources.

We have previously discussed misconceptions surrounding lawsuit loans and interest rates. However, there are no interest rates involved when obtaining settlement loans and lawsuit funding. This is due to the simple fact that litigation funding/advances are not loans. Yes, it is true that many entities that advance settlement funding include terms related to loans in their titles. This is due to the fact that many individuals looking for pre-settlement loans enter the term when searching. However, litigation funding and/or lawsuit funding are the appropriate terms to employ.

Additionally, we suggested ways in which plaintiffs who obtain lawsuit funding and/or settlement loans charge expenses related to such funding against the defendant. Although there are no interest rates, there are risk fees. The risk fees will be contingent on the risks inherent in the case for which funding is sought.

Predictably, the vast majority of clients assure us that their cases are “slam dunks.” Unfortunately, there are few, if any, cases that are a “slam dunk.” Take into consideration the plaintiff who, as a pedestrian, was struck by an automobile. The plaintiff assured us, “My case is a slam dunk!” (That may have been the case with merely a cursory view.) Contrariwise, the police report provided militating evidence:

(1) the plaintiff was dressed from head-to-foot in dark clothing;

(2) the collision occurred at night;

(3) it was raining;

(4) the plaintiff was walking in the roadway; and

(5) the Incident report stated that the pedestrian was “drunk.” Getting suspicious yet?

However, the purpose of this article is to demonstrate that pursuit of lawsuit funding and/or settlement loans can be extremely valuable in another way. Many of you have heard of “mock juries.” So-called jury-consultants often make millions of dollars assisting attorneys in selecting the most efficacious venue, jury-pool, etc.

Mock juries are intended to permit both plaintiffs and defendants to assess the strengths, as well as the weaknesses of a particular case. Remember, this presentation is made to the only real factors if the case is not settled prior to trial, i.e., jurors. The funding entities that provide lawsuit loans carefully analyze the elements of each case submitted for funding. It is important to keep in mind that these are non-recourse advancements and if the plaintiff does not win their case, the funding-company recoups nothing.

Once the application is submitted for either lawsuit funding or settlement loans, the application, as well as relevant documents will be reviewed by those who specialize in litigation funding. These experts will analyze the information received and determine if additional information is required. The additional documents required may prove tremendously valuable to the client in making his/her case. An example of required documentation, but one often not made available by individuals seeking pre-settlement loans in breach of contract cases, is the written offer. To succeed, the plaintiff must clearly establish liability. Additionally, the defendant’s ability to pay any judgment likely to be awarded must be considered. A judgment of a monetary award is of little value if the plaintiff is unable to collect.

Lawsuit loans provide tremendous financial assistance when utilized appropriately. Make no mistake about it, there is a palpable advantage in being able to rely on litigation funding expertss who have years of experience reviewing many claims similar to that which the plaintiff submits. Plaintiffs should be aware of the fact that funding companies eagerly wish to advance settlement loans and lawsuit funding.

Do you think a lawsuit settlement loan is right for you? Would you like to learn more about lawsuit funding? Please visit us today and you may apply online for lawsuit funding and learn more about the benefits of settlement loans.

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http://EzineArticles.com/?What-is-the-True-Value-of-Settlement-Loans-and-Lawsuit-Funding?&id=4251762

Lawsuits have become a way of life in our capitalistic society. In fact, it is estimated that lawsuits account for over $200 billion spent annually, with this number expected to be closer to $300 billion by 2010.

Because of the quantity of cases and the bureaucracy of our current court system, the legal funding industry evolved in the 1990′s. As time has gone on, this industry has not only stood the test of time, but has also been praised as its own industry within an industry. In fact, the industry has become so prevalent to the system that it is being lauded by some legal minds as a valuable service which balances the scales between plaintiffs and the system.

Institutional funding groups give plaintiffs a viable option with the non-recourse advance, which is more expensive then traditional lending facilities, but offers a no risk guaranty to the plaintiff.

The advance provides a different service for each and every plaintiff. For some it’s the ability to remain patient until their case achieves maximum value, for others it’s a bridge for vital expenses just to maintain their monthly expenses, and for others still it provides an opportunity to get something today for a case that could ultimately end up with no compensation whatsoever. Whatever the use may be, the ultimate choice lies with the consumer, and in any industry that simply is a positive.

It is currently estimated that at the start of 2007 there were over 10 million lawsuits considered to be “active” in the system. Each year approximately 3 million new lawsuits are filed. Of course many of the active cases will be adjudicated, but not at the same rate as new lawsuits are filed. In essence, the number of active cases in the system will continue to grow on an annual basis.

This simple fact creates an endless supply of new opportunities for an industry that is in its infantile stages. In fact it is estimated that there are less then 1,500 total industry personnel working in the legal funding industry and that almost 80% of the active plaintiffs in lawsuits don’t even know that these services exist. One could reason that over 8 million people are available for advance funding services today, with only 1,500 such people to contact or service them. This presents a positive supply to demand ratio in the market place.

If you have a pending lawsuit and have financial needs such as medical bills, repairs, or just are in a spot you need funds now, lawsuit funding provides a fast, efficient and cost effective way to get the cash you need now while you wait for the court system to run its course.

About the Author:
Chuck Cocuzza is Director of fundmysuit, which through it’s agents, “advances” Plaintiffs immediate cash (usually within 48 hours) against their pending Lawsuit. Our lawsuit funding process allows individuals the ability to ease their financial burdens before their lawsuit will. Visit Bridgeview Legal Funding at http://www.fundmysuit.com.

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http://EzineArticles.com/?Lawsuit-Settlement-Funding-Can-Help-You-Get-Pre-Settlement-Cash-Advance-Against-Your-Pending-Lawsuit&id=2040638

Applying for lawsuit finance from a lawsuit funding company is relatively simple yet it can seem daunting with the number of funding companies in the market. Every plaintiff needs to understand some basic principles of what makes up lawsuit finance and the actual anatomy of a lawsuit loan.

Lawsuit funding companies have become a new and popular way for anyone involved in a personal injury claim to receive cash funds before their actual settlement takes place. These funds can be used to meet expenses and pay day to day bills that often pile up if the plaintiff finds themselves unable to work and earn regular income. A lawsuit cash advance lender is an independent party providing the finance to the plaintiff. This removes the conflict of interest that would arise if their attorney were to lend them the money directly.

A lawsuit finance company advances an amount to the plaintiff which is to be repaid only if the case is settled favorable. Thus it is essentially advanced on a no win, no fee basis. These advances or pre settlement loans are actually not loans in the strict sense as they are advanced on a non recourse basis, meaning that the company advancing the lawsuit loan bears all of the risk. There is absolutely no requirement to pay back the amount if the plaintiff’s case does not settle successfully. There are also no monthly repayments or fees to be made before the settlement.

So how do you go about finding a reputable company to advance you this money? The best place to start is on the internet. Doing a basic search will give you some information on the various companies involved in lawsuit finance. Contacting a company can be done via email or phone.

Once you have found a few companies, ask them directly about their rates and fees. Do not be afraid to negotiate if you have found a better deal elsewhere. Getting the lowest rate is what you are aiming for. any reputable funding company will be open to negotiating with you and remember that the amount to be advanced will be dependent upon the strength of your case. Other factors like your employment history or credit history do not get taken into consideration. The merits of your case are the sole determining factor, as this is where the advanced funds will come from. The funding company will consider the expected settlement and use this to determine how much to fund.

To contact an experienced lawsuit funding company with nationwide locations visit Lawsuit Funding Company

Apply immediately online to obtain immediate lawsuit finance

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http://EzineArticles.com/?Get-the-Best-Lawsuit-Funding-Company-to-Fund-Your-Lawsuit&id=3903826

In these troubled economic times, many individuals are facing dire circumstances because they are out of work, over extended or any one of a hundred or so reasons to be strapped for cash. It can happen to anyone and when facing such a challenge, individuals would be wise to thoroughly research and examine many available options.

In the previous post, we explored some liquidity options available to individuals in need of a cash infusion to meet their obligations. We discussed that a person involved in a lawsuit has another financial opportunity not available to everyone. In this article, we explore the advantages of lawsuit funding as compared to these, more traditional methods of funding.

Like many successful businesses, lawsuit funding is often misunderstood. The industry arose out of the need for plaintiffs to remain solvent while their litigation is pending. Because many venues lack the resources to competently adjudicate disputes in a rapid manner, persons involved in lawsuits often are required to endure a long, drawn out litigation process usually lasting many months if not years. Most would agree the lawsuit funding business has met this need effectively.

Because litigation loan companies technically purchase a portion of the case, pre-settlement funding is offered to all plaintiffs who have a need for immediate cash. There is no requirement the plaintiff be on the verge of bankruptcy. Below is a list of reasons why a settlement loan or cash advance may be a viable option for these individuals.

1. No Credit Checks – Since lawsuit loans are not technically “loans”, the creditworthiness of the applicant is really a non issue. This is good news for applicants because many suffer from inadequate credit scores. Otherwise, other sources of funds might be available to them at a lower cost. Not having your credit probed is usually a good thing.

2. No Repayment if the Case is Unsuccessful – Likewise, because lawsuit funding is a purchase of proceeds, the cash advance is considered “non-recourse”. This means that if the applicant is not successful in the case, the advance does not need to be paid back. This is good news for clients since the lawsuit funding company shoulders the risk of loss. If the case loses, the advance is simply a “gift” from the funder to the client

3. No Monthly Payments - Unlike many other types of financing, such as credit card cash advances or other loans, lawsuit funding does NOT require monthly payments be made. In fact, only after the case is over do the funding agreement terms need be satisfied.

4. No Cost to Apply – Almost all lawsuit funding outfits offer free application. If the case is approved and funded, then and only then is the client required to repay the advance under certain conditions. The industry standard is that the applicant does not have to come “out of pocket” to apply for funding. After all, they are strapped for cash to begin with.

4. Very Competitive Rates for Preferred Cases – Costs associated with lawsuit funding are often misunderstood. The payback on most advances is calculated with interest. But in the lawsuit funding business, costs vary greatly. Some companies have more expenses and must pass those costs along to the plaintiff. Other companies have more “reasonable” charges. If the applicant is diligent, he can locate a rate of interest that he can live with.

Ultimately, it is very difficult to compare liquidity solutions for those persons in a financial bind. Most funding options have pros and cons. Since every situation is different, every individual must decide what is in his best interests.

Thank you for your interest in the pre-settlement loan business.

PMC

Paul M. Coppola, Esq.

http://fairratefunding.com

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http://EzineArticles.com/?Advantages-of-Lawsuit-Funding-Transactions&id=5525132

Obtaining a pre-settlement loan against the proceeds of a pending lawsuit is only one available option available to plaintiffs who are experiencing financial difficulties. This and the next post will broadly outline some available options for these individuals and compare/contrast them with receiving money against a pending case.

Many plaintiffs encounter financial difficulty while their case is being litigated. The reasons for this are many. In certain circumstances, such as in personal injury lawsuits, plaintiffs find themselves unable to work in the same or similar capacity as before they were injured. This obviously could have a negative impact on that person’s finances. But this is only one example. Perhaps the plaintiff is still able to work but runs up on hard financial times due to work layoffs, inflation, unforeseen circumstances, etc. In these situations, the dilemma is no less troubling.

Persons needing a temporary financial boost have several options available to them. Let’s examine some of these:

1. Personal Loans from a Bank or other Financial Institution – Assuming the person in need of financial liquidity qualifies for this type of relief, this may be the most cost effective method. Of course, there are often strings attached, particularly if collateral is pledged to secure the loan. Some examples may include pledging a car, business equipment, stock, real estate or other tangible property. Unfortunately, persons possessing these assets are unlikely to need liquidity as the assets could be simply sold on the open market. However, everyone’s situation is unique as many reasons exist for obtaining financing against assets.

2. Withdrawals from a Retirement Account – Many workers possess pensions, 401k’s and IRA’s to help fund their retirement. Under certain circumstances, these people have the ability to access some or all of these funds. Certain rules apply, such as a withdrawal penalty in some cases, but a short term financial boost from these accounts may be available if needed.

3. Home Equity Loans – Although much less these days, many plaintiffs owe less on their home or other real estate than the property is worth. Under these circumstances, banks are normally willing to offer a credit line backed by the real estate. Also known as Home Equity Lines of Credit (HELOC), these loans require the debtor’s approval based upon credit scores, past payment history, etc. Additionally, interest rates on these products are usually variable which means the rate fluctuates periodically. In times when interest rates are low (we are currently at historic lows), this is a non issue. Of course, this is subject to change. Finally and no less important, the borrower usually is required to make payments immediately which means more of a loan must be taken to cover the payments for the period of time which the borrower is having difficulty.

4. Credit Card Cash Advances – Credit card advances are similar to the other options listed above except that the advance is not secured by collateral. Unsecured loans such as these routinely carry more expensive interest charges and other more stringent terms. For example, many credit card cash advances calculate and compound the interest daily. Also, and similar to the other methods, minimum payments are due every month. These requirements may not sufficiently meet the clients’ needs for liquidity. Instead, cash advances on credit cards may further burden the individual.

5. Loans from Family Members – Perhaps the best option for plaintiffs is acquiring money from friends or family members. If available, these loans are likely to have the most flexible repayment terms of all the options listed above. Of course, family members or friends may not be willing or may not be able to help. But neither are the other options a sure thing. Ultimately, each individual must seek out the most appropriate solution.

The above mentioned methods for avoiding a financial crush are possible solutions for all individuals having financial difficulty. However, plaintiffs involved in lawsuits, who have retained counsel on a contingency fee basis (they only get paid if the case is successful), have the ability to obtain a lawsuit cash advance as funding for their financial troubles. Usually, clients seek this type of lawsuit funding only after their attempts to secure financing from other avenues have been exhausted. Nevertheless, pre-settlement loans a.k.a. lawsuit cash advance funding offers some benefits other financing sources simply do not.

Some of these are:

1. No background check.

2. No credit check.

3. No repayment if the case is unsuccessful.

4. No cost to apply.

5. Very competitive rates for preferred cases.

In the next post, we will explore these advantages in more detail.

Thank you for your interest in the lawsuit funding business.

PMC

Paul M. Coppola, Esq.

http://fairratefunding.com

Article Source: http://EzineArticles.com/?expert=Paul_Coppola
http://EzineArticles.com/?Financial-Options-for-Plaintiffs-Seeking-Lawsuit-Funding&id=5503776

Individuals frequently contact our website, asking what are lawsuit loans, settlement loans, pre-settlement loans, legal settlement loans, and lawsuit funding. Unfortunately, due to the frequent misuse of the term “loans,” individuals are frequently confused as to what this form of funding represents.

However, it is important to realize that litigation funding is really not a loan. It is referred to as non-recourse funding. The reason it is referred to in this manner is because if the individual loses and underlying lawsuit, they repay nothing if they have obtained litigation funding. If litigation funding were in fact a true loan, these individuals would be required to repay the funding irrespective of the outcome of the underlying case.

There are tremendous advantages to lawsuit funding for those individuals involved in lawsuits. Individuals who get involved with litigation are often unfamiliar with the fact that such cases often take 2-3 years to settle. (In some instances, lawsuits will take much longer.) Additionally, these individuals are unfamiliar with the fact that there are often thousands of dollars involved in out-of-expenses for such things as expert witnesses, obtaining reports, advancing funds to attorneys, etc.

Unlike many funding-entities individuals may encounter, we do not encourage individuals to obtain lawsuit loans and settlement loans merely to squander the funds once they are obtained. Although there are many funding-entities that encourage individuals to obtain the funding for such things as vacations, “bling,” etc., we do not encourage individuals to obtain the funding for things other than for what would be classified as “necessaries of life.”

We do this for one simple reason. Individuals who obtain settlement loans, lawsuit loans, pre-settlement loans, legal settlement loans, etc. and spend them on things other than what would be classified as “necessaries of life,” are required to pay the fees associated with litigation funding. However, when utilized for “necessaries of life,” individuals, if they’re using a competent attorney, are often able to have these fees charged against the defendant. Therefore, whether these individuals win or lose the underlying litigation, they never wind up having to repay the lawsuit funding obtained.

Yes, lawsuit funding may prove to be extremely valuable to individuals who are involved in lawsuits. However, we would encourage individuals to seek guidance from litigation brokers. When they do so, they avoid being held-captive by just a few underwriters and criteria established by one funding source. Brokers are able to assist clients in obtaining several possible sources for funding, without clients risking having to submit multiple applications. When individuals submit multiple applications, they’re unaware of the fact that when they do so, they substantially decrease the likelihood of having any funding-entity take their claims seriously. In essence, funding entities are not willing to waste their time reviewing claims from individuals who are submitting multiple applications.

If you are interested in either obtaining litigation funding were any other information contained in this article, please feel free to contact us and we will be happy to assist you. Irrespective of the course of action that you take, if you’re considering obtaining lawsuit funding, make certain that you do your homework. The investment of a little bit of time and effort often produces tremendous rewards!

Are you in need of information regarding the best deal on lawsuit loans? If so, we encourage you to visit us to obtain information regarding the benefits of settlement loans today.

Article Source: http://EzineArticles.com/?expert=Dr._Tom_Rhudy
http://EzineArticles.com/?Settlement-Loans-And-Lawsuit-Loans:-What-Are-They?&id=5152072

Nowadays, more and more people are being sued over unpaid credit card debt. This is especially true in the declining US economy. For the past two years, more and more people are finding it very difficult to pay their bills, let alone their credit card debt. If you find yourself currently in the middle of a credit card lawsuit, make sure you read this article now to learn the best strategies to beat the lawsuit.

The truth is, a credit card lawsuit can just be another tactic used by third party debt collectors to try to push you over the edge and into the abyss of financial ruin.

Oftentimes, this lawsuit can be defended against.

A lawsuit over a credit debt is almost always the final attempt of a creditor to collect the debt. According to large debt-collection company based in Atlanta, Georgia an average of 279 credit card lawsuits are being filed every single day.

Can you imagine how serious this problem has gotten?

Although it’s true that you owe them money that you can’t afford to pay, you shouldn’t feel sorry about that. Remember it’s the credit card companies that penalize you whenever you are late on a payment.

Some lawsuits are brought to the courts by the original creditors or the credit companies, but there are many others that are filed by third party debt collectors. Third party debt collectors are the companies and corporations that have bought the debt, at a huge discount, from the original creditor.

The only way they can make money from the investment they have made with buying all those unpaid debt is to collect the debt back. Since all the debt was bought at a huge discount, they would stand to make a lot of money if just a portion of the sued individuals returned the money.

How to Beat the Credit Card Lawsuit:

1. You must answer the lawsuit. If you fail to answer the lawsuit, the case will be won by the creditor.

2. Seek help from a professional and experienced consumer attorney.

3. Your attorney will help you handle the case almost all of the time, giving you a peace of mind.

4. Since your attorney has more legal knowledge than you do, it’s best to let them know of your current situation, as well as any information that you can provide.

5. Know this: When a third party debt collector buys over the debt at a small fraction of the debt, they only get the amount owed, name, address and contact number. That’s all. The agreements as well as your personal statement remain with the original creditor. The judge will question the legitimacy of the case.

Conclusion:

To win a credit card lawsuit, you should stay calm and seek professional help from a lawyer or attorney. As debt lawsuits become more and more of a common scene in today’s world, you should always keep in mind that there is still a chance to fight back – and having the service of an experienced lawyer will always help you find solid defenses that probably did not even know.

Do you want to be really free from credit card debt?

Then you have to read this complete Debt-Free Guide to finally free yourself from the financial burdens of credit card debt obligations now!

This Ultimate Credit Card Debt Relief Survival Guide is a must-have manual for people who value the integrity and worth of their personal finances.

Article Source: http://EzineArticles.com/?expert=Erik_Brillo

http://EzineArticles.com/?Afraid-of-Credit-Card-Lawsuit?-Dont-Be—Heres-How-to-Beat-It&id=4858464

If you are or have been in the past a plaintiff in a lawsuit in which you were hurt or suffered material, bodily or emotional injury, you know quite well that how long the litigation process can be. The court system has no shortage of new civil cases, and even this slow economy has not stopped that.

It is not at all unusual for plaintiffs waiting to resolve their case, to experience cash shortages. Two different, and opposite forces conspire against the plaintiff. On one hand, if the nature of the incident that caused the litigation, involved bodily, and or, emotional injury, the plaintiff may have a difficult, if not impossible time earning a living. On the other hand, are the increased expenditures relating to medical costs, counseling, and other spending the plaintiff makes in an attempt to bring back some normality into his or her life.

The court system has no program in place to assist plaintiffs during these difficult moments but the private sector has been offering an alternative solution oftentimes called lawsuit funding, settlement funding, pre-settlement funding, lawsuit or litigation cash advance, and a list of other names.

But the nature of these programs have been misunderstood by both attorneys, and their clients. This article, attempts to shed some light into these financial programs designed to provide cash to the injured party at the most critical time while awaiting for their case to reach a settlement.

Lawsuit funding is a cash advance against the future, anticipated settlement cash award. First of all, even though it has been at times called a “lawsuit loan”, technically it is not. For one, there are no employment, or credit requirements. So these programs are not to be confused with “payday cash advances”, as even those have income requirements.

Lawsuit funding also does not charge back to you the money they advanced if you do not win your case. But if you do win, you get to keep any upside potential after you have paid back the advance, and the investor’s fees. Your attorney’s contingency fee is not at all affected by this arrangement as they still remain the first to be paid from the proceeds of the settlement.

But here is one very important advantage that is not as obvious when you, the plaintiff, have this resource on your side. Adversaries know the desperation that the plaintiff may be experiencing, and might try to use that as leverage to force an early settlement at a much reduced cost to them. This means that the plaintiff after paying his or her lawyer may very well wind up with an amount that does not even begin to cover the costs of recovery. However, a lawsuit cash advance provides the plaintiff with additional “staying power”, and takes away the leverage the defendant, and their lawyers could exert in the final outcome of the litigation.

When it comes to lawsuit cash advances, the bottom line is to provide a means so that the injured party in the lawsuit, can maintain their lifestyle, and continue to live with dignity. And as mentioned earlier, it can help to increase the plaintiff’s ability to seek a just cash award for their troubles. It is also beneficial to the attorney in that they can perform their job without the pressure of trying to settle the case as fast as possible, and for the least cash settlement award, which quite frankly, would degrade their compensation for handling the case.

There are many upsides to this concept. Would you agree?

Edward Wong III is a Licensed Insurance Agent in the State of Florida for nearly 5 years, assisting members of the senior population with choosing the correct Medicare plans that best met their needs.

Now he is engaged in a professional capacity as a Lawsuit Funding Consultant, assisting plaintiffs to obtain cash advances on their anticipated award settlements. This is a non recourse program that allows plaintiffs to maintain their lifestyle while awaiting for their case to settle.

If you are currently involved in a lawsuit as a plaintiff, or you are an attorney who would like to have a client’s case evaluated for possible funding, the author can be reached at: LawsuitFunding@Consultant.Com

Article Source: http://EzineArticles.com/?expert=Edward_T_Wong_III
http://EzineArticles.com/?Lawsuit-Funding—What-You-Need-to-Know&id=4569850

Risk – Free, Non-Recourse Litigation Loan

Litigation Funding: Providing cash advances to plaintiffs and attorneys even before their lawsuit cases are settled. It is a contingent transaction in which litigation financing is advanced based solely on the merits of a pending lawsuit. Litigation funding is repaid only upon successful verdict or settlement of the lawsuit. If the plaintiff or attorney loses the lawsuit case, the litigation loan is never paid back to the litigation financing company.

LITIGATION – A case, controversy, or lawsuit. A contest authorized by law, in a court of justice, for the purpose of enforcing a right. Participants (plaintiffs and defendants) in lawsuits are called litigants.

For plaintiffs the litigation process is long, stressful and tiring. The legal system is uncharted territory for most of them. Many times litigation process is disruptive and painful life experience for them as well for their families. Even when they win their lawsuits, plaintiffs may not receive payment for months or even years.

Litigation: A machine which you go into as a pig and come out of as a sausage – Ambrose Bierce.

Litigation process, as every body knows, is mostly very expensive. Since the average plaintiff in a tort case does not have the money or the staying power to enter the arena against a giant opponent, the defendant, at this crucial time the litigation funding is a major help.

Litigation financing or litigation funding enables plaintiffs involved in lawsuits to receive cash money months or years before their cases have settled, some times even before the complaint is filed.

What are the other available alternatives?

1. You can use your own credit cards: This is an expensive alternative and you still have to pay your monthly credit card bills. But litigation loan is a non-recourse, which you pay back to litigation financing company only if you win or settle the case.

2. You can borrow money from friends or family:  This also is high risk, especially if, you lose the lawsuit and you may not have the money to pay them back. But that is not with litigation funding as it is a non-recourse litigation loan.

3. You can take out a bank loan: Banks do not generally make loans against future lawsuit settlements, but may offer a personal line of credit to individuals, based on their financial situations and credit worthiness.

Even if you do qualify, you have to start paying back a bank loan right away and continue making payments until it is paid off, even if you lose your case and receive no money.  But this does not apply to your non-recourse litigation funding or litigation loan.

4. You can obtain a home equity loan or second mortgage: This option is extremely risky. If for some reason you do not win your litigation case, you could lose your home. But that is not with the litigation funding or litigation loan.

Litigation Financing – Litigation Funding is safe and fast:

You can secure litigation financing or litigation funding in three easy and quick steps:

1st. Step – Submit the Application: When you apply for litigation financing there is no application fee. A good litigation funding company should not charge any upfront fee or any application fee, processing fee or any monthly fee.

2nd. Step – Your attorney faxes the required documents to litigation funding company. Approval is always fast for litigation financing. Mostly in 24 to 48 hours (some times in 4-6 hours).

3rd Step – If approved for litigation financing, funds are wired into your bank account, the same day. Of course, you can take a bank check also.

Once you get a litigation financing or litigation funding, you do not pay back until you win or settle the case.

What your attorney needs, in order to get you the best settlement or fairest trial, is time. Just as the defendants can buy time, so can you. Litigation funding or litigation financing, allow you to get relief from financial pressure so you do not have to settle your case simply because you need whatever money you can get now.

About the Author:

Paul Sherman is a Legal Funding Consultant. He offers free, professional, and independent advice to plaintiffs involved in lawsuits (incl. business owners) & Attorneys. To apply for Lawsuit loan, Litigation Funding, Commercial Lawsuit funding, Law Firm loan, Attorney funding & Structured Settlement funding  please visit: http://www.easylawsuitfunding.com

Article Source: http://EzineArticles.com/?expert=Paul_Sherman