Once viewed with skepticism, lawsuit financing has been steadily gaining acceptance among plaintiffs’ lawyers. By keeping plaintiffs financially secure during protracted litigation, settlement funding enables attorneys to diligently fight for a fair outcome and maximum recovery. Unfortunately, misconceptions still abound when it comes to this relative newcomer to the legal services industry.
Often, plaintiffs facing protracted litigation find themselves between a rock and a hard place financially. They cannot work, but the costs of basic necessities remain unchanged. As a result of such financial duress, a plaintiff may feel compelled to settle for less than their case is worth.
Pre-settlement funding enables the plaintiff’s attorney to pursue maximum recovery despite lengthy litigation by providing no-risk, non-recourse financial assistance to relieve financial hardship. A funding recipient may use a lawsuit advance to meet a variety of needs, from housing, meals and clothing, to medical care, school tuition or a new business venture. The financing provider only recoups the money advanced if the plaintiff prevails in securing a settlement or damages award. Should the defendant prevail, the financing company may not seek repayment from either the plaintiff or the plaintiff’s attorney.
At USClaims, we offer pre-settlement funding, if a case is qualified for pre-settlement funding then we would purchase a portion of the proceeds of the anticipated court judgment or settlement for some cash now. USClaims only gets paid if a case is won or has reached a settlement! Apply now or call us today at 1-877-USCLAIMS to learn more.
