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.
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