Do You Need a Lawyer

We receive dozens of requests each month from applicants that are representing themselves in a legal case. LawLeaf can only work with those applicants that have legal representation. Pre settlement funding can only be used by those individuals that have a lawyer. If you do not have legal representation, you will not be approved for a lawsuit cash advance.

Why isn’t this available for Pro-Se?

Lawsuit funding is non recourse. This means a person that borrows money against their suit will only be responsible for paying back the advance if they win their case. If they lose their case, they owe nothing. When a person decides to represent themselves any lender would have reservations in loaning against the case. There are many reasons why a company won’t lend against a case and having someone representing themselves is a big reason.

Main Reasons include:

• Borrower has no experience in handling a case
• Being able to place a lien on the case and collecting the money if the individual wins their case
• Ability to see the case through
• Ability to win their case
• A borrow may decide to give up the lawsuit
• If the borrower wins the money goes directly to the plaintiff

Placing a lien on the case:

When a person is approved for an advance, a company will use the contract as a lien. This lien is signed by the attorney and the customer. When the attorney receives a settlement check or judgment he or she will be responsible for paying off the liens prior to releasing the remaining funds to the client. When all the liens are paid in full, the client will receive the remainder of what’s left over. This is how the company is guaranteed to be repaid if and when a case is won. If a company loaned money to a person handling their own case, there is no telling if the borrower would pay out the lien when they received compensation from their lawsuit.

If you are representing yourself you will unfortunately not be approved for legal financing. You will first need to hire an attorney before we can look at your case.

Qualifying for a Lawsuit Cash Advance

If you are going to apply for a lawsuit cash advance the first thing you will need is an attorney. Legal funding is not available to those individuals that are representing themselves.

The legal financing industry is very unique. When a company decides to invest in a case they do so at their risk. In order to minimize this risk the first qualification factor will always be the attorney. The lender believes if an attorney is willing to work with you on a contingency fee basis, the case probably has some merit. Because this tool is non recourse, it will be important that a company only invests in those cases which have a good chance of winning. When a client is pro se (representing themselves) it’s impossible for a company to place a lien on the case.

If you were involved in an accident and in the process of interviewing attorneys, we will be able to help once you have hired legal representation.

If you have recently filed an injury claim, in arbitration, mediation or negotiating a settlement we can assist you. We work with plaintiffs that have declined settlement offers and others in which the defense was unwilling to accept full liability.

There are times which a settlement has been reached but payments are weeks or months away. We work with clients that are interested in borrowing against their agreed settlement.  Likewise, if you have received a judgment or the case is under appeals, we can also work with you.

LawLeaf works with clients throughout the United States. We work with clients that have recently filed a claim and others looking for money after settlements have been reached. LawLeaf is extremely flexible and we offer options that many companies can’t offer. If you are interested in learning more about how we can help you, begin by applying online today.

Do you have an Injury Case

We oftentimes get calls from people that have questions on whether they have a good case. It’s first important to understand that the only way you can qualify for a settlement cash advance is to have legal help. You must always have an attorney before being approved for funding. If you have an attorney please apply online. When we receive calls from those individuals that don’t have legal representation they oftentimes share their stories with our representatives. On of the most common questions we hear is “Do you believe I have a case?”

If a person has suffered an injury or was harmed by the actions of another, they may have a case. A person may file a claim to recoup monies for both injury and property damages. There are instances in which a injury suit can be filed resulting from nonphysical injuries. There are thousands of cases each year in which  attorneys win a cash award for emotional distress.

While most people relate personal injury to car accidents and slip and falls, a person may also file suit for slander and libel. If a persons reputation was ruined and it caused emotional or financial hardship, you may have a case.

We always recommend prospective clients to seek immediate legal advice. This is because each state has laws in place which allow a person to file suit against another within a specific time frame.  These time frames are called statutes of limitations, and are governed by state laws. If a person goes to file a claim after the limitations have expired, they will automatically forfeit their rights to seek compensation for their injury.

LawLeaf does not give legal advice and we always recommend contacting an attorney to discuss your legal needs. If you have questions regarding the validity of a case, contact a lawyer. If you already have a lawyer and are seeking lawsuit financing against your case, apply online today.

Competitive Rates Now

If you’ve come across LawLeaf in the past you are probably familiar with “Competitive Rates & Faster Approvals.” We have embraced this concept since the inception of our company. Our main goal has always been and will always be to offer our clients competitive rates and faster approvals.

Over the last several years the litigation financing industry has been in the national spotlight. It’s important to understand where the industry was and where it is now. Over the last few years the industry has seen a surge in companies, private investors and hedge funds entering into the lawsuit funding market. We are even seeing larger institutional funds enter into the legal financing markets. There are companies that provide funding for standard personal injury cases and some offer financing for litigation costs. Plaintiff and attorney now have the option of borrowing money.

If we turn back the clock 5-10 years ago you would find only a handful of companies offering this type of service. Today the number of companies has more than tripled. There is no question that companies are still charging very high rates but the question is; are all companies charging the same rates. The short answer is no. When comparing the rates from one company to another you may look at several aspects. The shortlist includes practice areas, case types, time frames and in some cases caps. There are always cases in which one company may charge better rates for a specific case type because they are more comfortable underwriting a particular lawsuit. This can sometimes mean the difference between getting approved and being declined. There are other companies that will charge higher rates if they are uncertain of a case type or the strength of the suit. But one thing is for sure, not all companies charge the same rates.

It doesn’t take an economist to figure out competition sometimes drives down prices. We believe lawsuit funding rates are steadily decreasing due to a surge of new companies entering into the market. We believe there are still a handful of companies still charging exorbitant rates however many others have adjusted their rates to be more competitive.

Is lawsuit funding still expensive? Yes. Should it be used as a last option? Yes. But for the consumer that has no other option, it’s nice to know that competition will ultimately result in a more competitive rate.

If you are interested in legal funding, contact LawLeaf today.

Payday Loan Vs Lawsuit Loans

Do not confuse payday loans with lawsuit funding. The two types of lending are completely different. The very idea that payday loans are the same as lawsuit loans is completely wrong. The way the money is borrowed, qualification, the process, the rates and the way money is paid back are all different.  Payday loans and lawsuit funding should never be associated together as the same type lending instrument.

What are payday loans?

Payday loans are simply short term loans which are borrowed against a person’s paycheck.

What are lawsuit loans?

A lawsuit loan is simply a non recourse advance against a pending or settled lawsuit.

What are the qualifications for a payday loan?

In order to qualify for a payday advance a person must have a full time job, have a minimum salary of $1,800 dollars per month after taxes, hold a direct deposit checking account, be 18 years or older and a U.S. citizen or permanent resident.

What are the qualifications for a lawsuit cash advance?

A person must be involved in a pending lawsuit or one that was recently settled and must be represented by an attorney.

What are the rates for a payday loan?

The rates vary depending upon the state. There are some companies that charge upwards of over 300% or more. Payday loans are very expensive and should always be considered as a last resort.

What are the rates for a personal injury advance?

The rates also vary depending upon the strength of the case. The average is between 2.5% – 3.25% compounded monthly. This is just one example of a payment schedule. There are other examples of flat rate lending which are lower in the short-term but higher in the long-run.

How are payday loans paid back?

A cash advance is paid back when the employer deposits funds into the checking account. If a person defaults on a payday loan they may be faced with a much larger problem. Some companies may offer extended payment plans while others may suggest a rollover. The amount of money you will owe back will significantly increase with each passing week. If you decide to default on the loan and close your banking account, it’s likely you will passed into collections, and possibly end up in court.

How are lawsuit loans paid back?

Lawsuit funding is non recourse. This means the lender will only receive payback if the client wins their case. If they lose their case, the lender receives nothing. When the client wins the case the attorney will take his portion agreed upon and then pay off the lien to the funding company.  If an applicant borrows more than they receive in compensation, the attorney will first receive payment and the funding company will receive the remainder of the balance.

While both of these instruments should be a last resort, lawsuit loans are generally a lot safer in terms of payback and rates. If you are considering both options, we suggest taking a look at a lawsuit cash advance prior to going through the payday loan process.

Trouble Getting Docs

We receive calls almost every day from applicants who have been denied from other company’s because the lender was unable to retrieve documents from their attorney. This is not unusual and we understand. It is important to understand that lawyers are busy. Many attorneys represent 60+ clients at any given time. They are in the courtroom more than in their own office. Many lawyers work 60+ hours a week and much of their time is spent catching up with their clients. There are some attorneys that can only speak with their clients in the morning or evening.

An attorney is hired to provide great representation for their clients. This sometimes relates to unanswered phone messages and unresponsiveness because they are swarmed with trials and critical deadlines. LawLeaf has relationships with thousands of attorneys and many of them work during the weekends. The point is that attorneys are extremely busy throughout the week and sometimes they forget to send documents or can’t find the time to have a conversation with an underwriter. This doesn’t mean they are unwilling to help you find funding for your case.

When you are faced with this very predicament understand it’s not impossible. We consult with clients each day that are faced with critical deadlines of their own. Many of our clients are being forced out of their homes because they can’t afford to pay the bills. If you are having a problem getting your attorney to send documents over to any lender, you should consider the following:

• Call the attorney and politely ask him or her to send the documents over.
• We have provided a standard form on LawLeaf titled “Plaintiff Funding Documentation Request”. On the upper right hand of the form, you can email your attorney the document straight from the page, download to a PDF or print it out.
• Call the paralegal or secretary and have them retrieve the documents on your behalf.
• If the attorney is not cooperating explain the advance is greatly needed. Many times it takes a call from the client. If you explain to your attorney that you are only borrowing against your lawsuit because you have no other option, they will concede and agree to send the documentation.

There are some attorneys that would rather not work with any lawsuit funding companies because of rates. We understand their concerns and we agree that legal funding should only be used as a last resort. LawLeaf has a great reputation in this market. We have served our clients with the uttermost respect and we strive to be the best in the industry. If you are having trouble obtaining documentation from your attorney, fill out our online contact form and explain your situation. If we know ahead of time you are having a problem getting documents, we will assign it to the appropriate representative that can walk you through the process.

We are always here to help you.

Lawsuit Steps

There are hundreds of thousands of lawsuits filed each year. These lawsuits range from personal injury, civil, mass tort, business, workers compensation and dozens of others. The lawsuit process is fairly similar in all these cases; however there are instances when they are not as clear cut.

To understand the lawsuit process is to understand a lawsuit. A lawsuit is simply and legal action taken by a person or entity over another person or entity. The plaintiff in the case is the party taken action, and the defendant is the party that the action is against.

The steps of a lawsuit begins with a demand. A demand’s main objective is to get a response from the defendant. If the attorney doesn’t receive a response from the defendant, he or she will make a formal demand through a letter. This is commonly referred to as a “demand letter.”

Settlement discussions will involve the lawyers on both sides. The two sides may negotiate a settlement on their own or hire a mediator that is unbiased to either side. While most cases are settled out of the courtroom, if a settlement can’t be reached, a formal lawsuit will follow. At this time the defendant will be served with the lawsuit and must make a formal answer within a specific time frame. If an answer isn’t received within this time frame, the defense will automatically lose the case.

During every lawsuit there is a process called discovery. The discovery process gives each side time to get evidence on the case. The evidence may include specific reports or documents on the incident, testimonies from witnesses, expert witness reports and other related information that would be beneficial to make a case.

After the discovery phase either party may file motions. There are numerous motions that each party may file. For instance, the defense may file a motion to dismiss or the plaintiff may file a motion in hopes of persuading the courts to make a decision in the case without a trial. This is because there is enough evidence for a judge to rule in favor for the plaintiff.

If the case heads to a trial hearing there is still a chance a settlement will be reached before the trial. Before a trial the two sides will meet to discuss the issues in the hopes of reaching an agreement. If an agreement is not made during this meeting, the case will go to trial.

The trial is the venue which will determine the winner. A trial may come in front of a judge or jury. During this trial both sides will be given the opportunity to make an argument for their side. They will discuss the case, present evidence and call witnesses when necessary. When a trial is completed a verdict is handed down, either side may file post trial motions and appeal the case. If the loser in the suit is successful during the appeals process, a new trial date will be granted.

For additional information on the lawsuit process and steps, you should contact an attorney. For information on the lawsuit funding process, contact LawLeaf.

Settlement Vs Litigation

The legal process is not always straight forward. A person is involved in an accident, hires a lawyer, and proceeds in filing an injury claim. The insurance company comes back with a settlement offer which excludes a large portion of expenses that have incurred over the last several months. The lawyer makes a counteroffer on the initial settlement offer and you find yourself in a stalemate.

This is a common occurrence for many claimants. The options you are faced with are accepting an offer from the insurer for less, or proceed into filing a personal injury lawsuit. What if the victim cannot afford to wait? What if the victim is faced with proceeding into a personal injury lawsuit at the same time risking foreclosure or losing their vehicle? This scenario is an example of why some people apply for legal funding.

Everyone wants a fair settlement because it’s only fair. When a person is hurt due to the negligence of another, they should be compensated. But when a company provides a settlement offer that only pays a small fraction of what is rightfully owed to them, perhaps litigation is the only way.

At LawLeaf we understand that taking a settlement compared to going into litigation is a very hard choice for some people; especially those individuals that have an immediate financial need and without the settlement may be forced into making drastic decisions which could hurt themselves and their family members. When considering a settlement you should always consider not only the immediate and past expenses but any ongoing expenses such as time lost at work and ongoing medical expenses.

It is true that the majority of all injury claims result in a settlement. And while a settlement is beneficial for both the plaintiff and the defense, many times people are forced into litigation because of less than acceptable offers. If you are going through a settlement phase of your claim and you are being treated unfairly, perhaps litigation is the only way to receive fair compensation for your case.

Understanding the Funder

I read an article today regarding the lawsuit funding industry. The article discusses the lawsuit funding industry as a whole. The article listed several points on the negatives of loaning money against lawsuits which I would like to point out.

The author stated that companies are charging upwards of over 100% a year for their money. LawLeaf is one of the most experienced in the marketplace and we can honestly say we have never been part of an underwriting process in which a loan costs upwards of 100% interest per year on any personal injury case. In fact, we would never refer our clients to an underwriter that charged these types of rates. We understand some companies charge higher rates for their money, but we’ve never come across a competitor that charges over 100%. To make assumptions or generalizations on all lawsuit funding companies is just wrong.

The second item discussed in the article pertains to the insurance company. While the author recognizes insurance companies intentionally extend the life of a case in hopes for a smaller payout, he also made a statement about the insurance companies finding out about the loan. What he doesn’t realize is that lawsuit loans should always be 100% confidential. The only way the insurance company could find out about the loan is if the attorney or the client told the insurer.

The third item discussed was the underwriting process. The author pointed out that a lender will first review the case before lending money. No matter if you are borrowing from a bank or through a legal funding lender, the lender will take the necessary steps in determining if the loan is secured or not. I don’t know one company that would loan money just because a client said they would be sure to pay it back. The author assumed that litigation financing companies should be willing to fund “all” cases regardless of the strength of the case. I would like to point out that even the best underwriters in the industry still lose a percentage of their cases they approve.  In fact, it wouldn’t be uncommon for a company to lose upwards of 15%-20% of their investments on a yearly basis.

LawLeaf believes while the rates and the processes are unlike traditional lending instruments; surely no bank would be willing to lend money against a lawsuit. The fact is that lawsuit funding is risky. Over the last several years, the industry has seen multiple companies and funds go out of business or stop funding cases. This is because some companies invest in the wrong cases and run out of money to lend.

Generalizing an industry without doing your due diligence is plain wrong. LawLeaf and most other companies within the litigation financing industry will be the first to say that the rates are generally higher than traditional bank loans etc. But the risk at which the money is lent far exceeds a traditional bank note. When risk is high, unfortunately the rates must also be higher.  If each company new for certain that their investment would pay off, certainly the rates would be lower.

I would ask the author to investigate credit card fees as well. If a person has B&C credit or no credit at all, I’m certain the credit card company wouldn’t give them the best rate. This is because there is a higher risk for the company.

Lastly, this tool should only be used by those people that have no other financial means to pay their bills. If a person can get by without having to secure a lawsuit loan, they shouldn’t consider this option. If you are searching for additional information on lawsuit funding, contact LawLeaf.

Interfering in the Litigation Process

There are times in which we contact an attorney and they have questions about pre settlement funding. One of the most common questions we hear is in regards to the litigation process. An attorney that is not familiar with pre settlement funding oftentimes asks about our involvement in the litigation process. It is important to understand that LawLeaf does not get involved in the litigation of any case.

LawLeaf is a company that provides lawsuit funding services and we never get involved in the litigation process of any client. In fact, no lawsuit funding company, broker, financial consultant or any other person or entity offering legal funding services, should ever get involved in the legal process.

There are some cases in which a company may contact an attorney to find out if the case has settled, but never should a company offer legal advice or sway an attorney one way or another. This is the same for the client. When a person is approved for a lawsuit loan with a company, a company that provides the advance should never offer recommendations etc. to the client. Decisions should only be made by the attorney and the plaintiff. This means no involvement by the company that lends the money to the plaintiff.

Lawsuit funding is a tool that can be used to help pay for bills. A person may borrow money because they can’t afford to wait until the case is settled. In turn, a lawsuit funding company will provide money to a client in hopes the client wins the case and the case pays interest on the note. A company’s only business in any lawsuit is to loan money and not to oversee the case.

If you have additional questions regarding this process, contact us today.

Waiting for Money

If you are going through a lawsuit you probably understand what it’s like to wait for compensation. It’s one thing to wait for a fair settlement offer but it’s a whole other issue when the defense is unwilling to make a single offer. It can take months and in some cases over a year before a lawsuit is settled and consider another 30-60+ days before you receive a check.

There are lots of reasons why a person may consider pre settlement funding and in some cases when a person needs money after a case is completed, they will apply for post settlement funding because they can’t wait weeks before they receive their check.

Consider the following steps before during and after a lawsuit:

• Meeting with an attorney
• Complaint or petition
• Summons
• Counterclaim
• Discovery
• Resolution before trial *Most cases are resolved at this point
• Settlement *If the case doesn’t go to trial
• Trial
• Judgment
• Appeals

The biggest mistake some people make is accepting a settlement offer that is too small and unfortunately doesn’t cover the overall expenses of an accident. Some people just don’t have any other option because they can’t wait for their money any longer. This can cause financial complications for the victim especially if the overall settlement amount only covers a small fraction of their medical expenses and wages.

If you are currently in the position of considering an early settlement because you can’t wait for your money, contact LawLeaf for help. LawLeaf provides legal advances to clients throughout the United States. If you are interested in receiving money against your injury claim or lawsuit, contact us today.

Hire an Attorney

If you have been involved in an accident for the first time and not sure how the legal processes work, you are not alone. The good news is that if you were injured due to the negligence of another person, you should be able to find an attorney to work on a contingency fee basis. A lot of people assume that attorneys work on an hourly rate and while this is true for many aspects of law, this isn’t always the case when it comes to hiring a personal injury attorney.

Personal injury attorneys typically work on a contingency fee basis. This means you pay no retainer fee or expenses unless the case is won. When you win your case the attorney is entitled to a portion of the proceeds of the case, but only after compensation is paid.

When you hire an attorney perhaps one of the first questions you may ask pertains lawsuit values. The value of any lawsuit will be determined based several factors including medical expenses, damages, loss of work in so forth. You can find additional information on accident compensation through the link.

Before you file a claim after an accident you should always consult an attorney.  An attorney can protect your legal rights. We find that many people that attempt to collect on an injury claim find that towards the end of the process the insurance company doesn’t always have the best interest of the claimant. If you were forthcoming and answered the questions that were asked during the claims process, you could be at risk of hurting your case. This is why we believe it’s imperative you first talk with a lawyer before talking with the insurance company.

LawLeaf has seen many cases in which a person that applies for a lawsuit loan was first trying to settle their claim on their own. The problem that many people have is prior to hiring an attorney, they provided information that was held against them during the settlement phase.

If you have been injured in an accident we believe you should always first speak to a lawyer before deciding on your next steps.

Types of Cases

When a person is injured in an accident and they file an injury claim or lawsuit, they may be able to borrow money before their case settles. At LawLeaf we provide lawsuit funding options for a variety of different types of cases. As long as you have an attorney you may qualify for an advance against your case.

LawLeaf is only one of a few companies that can take on almost all personal injury related cases. This is because we have the luxury of working with a variety of different funds that take different types of cases. There are essentially two different types of injury cases. There are soft tissue injuries and catastrophic or severe injuries. LawLeaf can handle both.

A soft tissue injury is most commonly referred to as those injuries that don’t require surgery. Soft tissue injuries are typically defined as damage to muscles, tendons and ligaments. These types of injuries oftentimes result in swelling, pain and bruising. Whiplash, sprained ankles and pulled muscles are all considered soft tissue injuries.

A catastrophic injury is much different. These types of injuries are severe and result in surgery or death. These types of injuries oftentimes result in brain damage, spinal cord injuries, burns and amputations.

At LawLeaf we handle cases in which a person is a victim of an accident resulting from the negligence of another person.

Some of the different types of cases we handle include but not limited to:

• Auto Accidents
• Bike Accidents
• Boat Accidents
• Brain Injury
• Commercial Vehicle Accidents
• Construction Accidents
• Medical Malpractice
• Slip and Fall
• Tractor Trailer Accidents
• Train Accidents
• Truck Accidents
• Wrongful Death

Regardless of the type of case, if its a personal injury suit, we can help. LawLeaf has worked with thousands of victims ranging from soft tissue injury cases and catastrophic and wrongful death lawsuits. If you are currently going through a personal injury lawsuit and you have questions about the types of cases we can handle, contact us.

For more information on the different types of cases visit our personal injury funding page today.

LawLeaf provides lawsuit loan services throughout the United States.

Legal Funding Lien

When a person applies for lawsuit funding and is approved, the company will place a lien on the lawsuit. This lien will be paid back only if the client wins his or hers case. Should the client lose the case, the lien is null and void. This is the risk the lawsuit lender takes when offering any advance against a pending case.

A lien serves as the guarantee to the lender. A lien which is included in a lawsuit funding contract, stipulates that when and if a customer receives a cash award, the company will be one of the first entities to receive payment. The payment which may be different for each company, should be outlined in the lawsuit funding contract.

Who is first in line?

When a client hires a personal injury attorney on a contingency fee basis, the attorney will be the first to receive payment for services rendered. The amount of money is typically a percentage of the total recovery. This percentage is negotiated between the client and the attorney and is included in a retainer agreement.

Who is second in line?

If you money to the Federal Government (back taxes, IRS Lien etc.) they will hold precedence over all other creditors excluding the attorney.

Who is next?

The laws may vary from state to state. If you owe child support or medical expenses to a provider, there is a chance their liens will take priority over all other liens excluding the Federal Government and attorney.

A lawsuit funding lien typically takes last priority. If during the underwriting of a file a company finds that there are outstanding liens on a case, they will be request information on how much money in liens is placed on the suit. If the underwriter believes the liens will account for a small percentage of what the case is worth, they may extend a cash advance against the case. Should the underwriter evaluate a case and determine the liens over exceed the expected compensation amount, they may decide to take a pass on the case.

If you would like additional information on lawsuit financing liens, contact LawLeaf today. If you are interested in receiving a legal funding against your case, please apply online.

Nationwide Pre Settlement Funding Services

If you are looking for a nationwide pre settlement funding company that offers services in your state, consider LawLeaf. LawLeaf has been providing pre settlement funding nationwide since the inception of the company. While regulations may differ from state to state, LawLeaf prides itself of being one of the few companies that services customers throughout the United States.

What types of personal injury cases do you handle?

LawLeaf handles almost every type of personal injury case. We work with clients that borrow against lawsuits resulting from auto accidents, slip and falls, elevator accidents, pedestrian accidents, wrongful death and dozens of others. We can also work with clients that have pending workers compensation suits. Workers compensation claims are a little different. We can only work with those individuals in which compensation will be first paid to the attorney and not directly to the claimant. If you are interested in workers compensation lawsuit funding, visit our page to learn more about the different states we service.

Does LawLeaf have a preference on the types of cases?

LawLeaf can work with any client regardless of the case type. Our only requirement is you have legal representation. LawLeaf provides services nationwide for pre settlement and post settlement funding. This means you can borrow before and even after a case has settled.

Do rates differ depending upon where I’m located?

It makes no difference where a client is located. The rates will always be based upon the strength of your case and where the case stands. If you are applying for pre settlement funding your rates will always be a little higher than a case that has already settled. This is because there is less risk. This is an industry standard.

Do all lawsuit funding companies provide services nationwide?

No. The majority of companies in the legal financing arena provide services in selected states. Some companies may provide funding in one state while another company provides services in a different state. There are some companies that will shy away from a state that has pending regulations. If regulations are pending in a state, a company may decide to stop funding in that state until a decision is made.

I’m interested in pre settlement funding. What is the quickest way to apply for funding against my case?

We ask you to apply online. When we receive your information we will have a representative contact you to discuss your case.

Advantages of a Lawsuit Loan

There are several advantages to lawsuit funding. When a person has been injured in an accident and files a personal injury lawsuit against another, they expect to be compensated appropriately. This includes paying expenses for wages, pain and suffering, medical bills and other related costs associated with the accident.

A personal injury claim can take time. The amount of time may be contingent on the severity of the accident (medical treatments must be completed), the insurance company (unwilling to make a fair offer) and negotiations (back and forth with the insurance company). Time can become an obstacle especially when you need money and the insurance company is unwilling to pay a fair settlement offer. One major advantage of securing lawsuit funding against a claim is giving you and your attorney more time to fight for a fair offer.

A lawsuit loan does one very important thing for our clients. It provides them with immediate cash flow. It gives our clients the ability to pay for their bills while the lawsuit is getting sorted out. It can provide them money to help pay for daily living expenses or for a needed medical procedure. This money is always provided on a non recourse basis, so there is never payback if you lose your case.

During the course of any lawsuit, many people don’t quite understand why the defense is unwilling to pay for what is rightfully owed to the injured party. While most people believe any company should have the right to increase their bottom line, most will agree that it shouldn’t be on the backs of accident victims. There are too many times a person is forced into an unfair settlement because they can’t afford to litigate the case. While the attorney is most likely hired on a contingency fee basis, this doesn’t mean they can afford to wait.

A lawsuit cash advance is also used to prevent individuals from settling their case too early because they need money. Plaintiffs no longer have to worry about if and when their case will settle. They can borrow against their case while the attorney is fighting for fair compensation. By securing pre settlement funding against their case, they can provide their attorney the needed time in hopes of a larger payout.

Whether you have recently hired an attorney or can’t afford to wait for your award another day, you may be approved for a lawsuit loan against the future proceeds from your case. While the advantage of securing legal financing is to help pay for your bills, it can also be advantageous to those clients that would have settled for less without the option of borrowing money against their case.

If you are interested in receiving a loan against your lawsuit, contact LawLeaf today.

Lending Options

When you begin looking into lawsuit cash advances for your case you should understand the different lending options. We find the large majority of people that decide on borrowing against their case are unaware options exist. There are two very distinct options that should be considered before entering into a lawsuit funding agreement.

The first option and most common lending option is lump sum or a full advance against a case. While this option is probably the most common, it can lead to borrowing too much money. When a person applies for an advance with a lawsuit lender they may have an option of receiving a large sum of cash. If a person doesn’t need the total amount offered they may be borrowing unneeded money with a rate. Because pre settlement funding can be expensive we always advise against borrowing too much money. You should always plan ahead and only borrow the amount that is needed. You should also be given the option of borrowing a percentage of what is being offered.

The second option is receiving a line of credit. If a lender decides to make a lump sum offer on your case and you believe there is a chance you will need additional funding at a later day, you may ask the company to extend a line of credit on the case. A line will allow you to borrow only the amount needed with the option of coming back for more money at a later date. This will help you budget the money already borrowed with the comfort of knowing you have a financial option if needed.

When you apply for lawsuit funding you can request the maximum on the case. If approved you may request a line of credit on that maximum approval. This doesn’t mean you have to take additional payments at a later date, it just means you have the ability to borrow against that amount if your financial circumstances change. When you go into a contract you should look at the different triggers. These triggers are dates in which you will receive additional payments if needed.

If you are interested in finding out more information on your different options, contact LawLeaf today.

Credit Card Payments vs. Legal Financing

Credit Cards:

If you are late in paying your credit card bills it can have a negative impact on your credit score. A bank can report you for missing a single payment. A company may decide to report you if you are delinquent for more than 30 or 60 days. Credit card companies may look at other factors before reporting you to a credit bureau. For instance, a company may report you if you have a history of missing payments and you are more than 30 days delinquent.

Reporting is different for each lender. A lender may not consider an account is delinquent until the next due date. This means you are not late until a second payment is missed. Even if you have a history of paying your credit card bills on time, a single missed payment can have a negative impact on your FICO score (sometimes by more than 100 points).

A damaged credit score is not all you have to worry about. If a person misses a credit card payment they will almost always be penalized by a late fee. If you are running in the rear, it’s a good idea to call the bank and let them know your situation. When you are on the phone you may be able to contest the late fee, especially if you’ve been a good customer.

Legal Financing:

Legal financing is very unique. A person that applies for a lawsuit cash advance is not required to have good credit. In fact, most of our clients have less than good credit or no credit at all. Because legal financing is no recourse, you will never owe a payment until you win your case. Repayment happens when you win your case and the payment is taken from the compensation of the case.

When and if you win your case, the attorney will use the compensation and send payment to the lending company. If you lose your case, no repayment is enforced.

We have some customers that apply for lawsuit funding to help pay down their credit card bills. These clients are oftentimes in the rear with their payments and in jeopardy of damaging their credit score. If you are in trouble with your creditors and considering litigation funding to help with future payments, contact LawLeaf today. We provide services throughout the United States.