Legal battles are long , and it takes much time and energy from the one filing a lawsuit. Moreover, these litigation cases are expensive and it can drain the resources of a plaintiff. This is the very reason why individuals need lawsuit funding to finance their cases. The money is used while the case is pending in court and awaiting settlement. This type ofloan is an option for cases that involves physical disabilities, worker’s compensation, work injury cases, class suits and the like.
Pre Settlement Funding
There are instances that even a case is settled and the plaintiff was awarded compensation, pre settlement may take years to process. This is often a source of stress and frustration for many plaintiffs, as they suffer the brunt in the long litigation proceedings. This is the very reason why plaintiffs are asking for lawsuit loans. Individuals need cash to sustain living expenses, mortgages and the daily expense of the family . Thus, getting a pre-settlement funding eases the family’s finances.
Qualifications for Plaintiff Funding
The first process for every plaintiff funding is the assessment phase. A company like 911 Lawsuit Loans LLC makes a thorough study of the legal case. This is to ensure that the case has a strong proof and that its relative viability is high. The plaintiff is informed of the legalities and the strength of the case. All communication is also done in conjunction with the plaintiff’s lawyer. Note that a background check may ensure to check for employment records as well as financial backgrounds. Once a viable or a strong case is established, the funding is approved.
On Site and Transportation Accidents
Cases concerning on the job accidents like those that happen in construction sites and vehicular accidents are the most viable for a lawsuit funding. They can use the funds to pay for incurred medical bills, hospital bills, attorney’s fees and living expenses. This may also cover for the days when a plaintiff is unable to work.
Quick and Easy Application Process
The company Pegasus Legal Funding LLC makes it easy for plaintiffs to apply for lawsuit financing. First, a proper assessment is needed on the exact amount of money they need and should not exceed future settlement. In addition, the company will discuss the payment options in the process. Be careful on how you apply for non-recourse lawsuit cash online, as the exact information is needed to be able to have a better assessment of the case. In addition, the plaintiff is asked to supply all information and papers about the case. He or she has to coordinate with his or her lawyer so that there is more ease in the process.