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Signal Legal: How can a Legal Funding Company Help Plaintiffs through Pre-Settlement Funding
Legal financing is also called professional funding, litigation financing, third-party funding, settlement funding, lawsuit loans, legal funding, and litigation funding. It is the mechanism by which litigants and law firms are financing their litigation other legal costs through a third-party funding agency. Personal injury lawsuits are usually long, expensive, and stressful so a pre-settlement funding is beneficial to eliminate your struggle in paying your bills and other expenses. Pre-settlement is the timeframe on which a claim has been legally presented by a plaintiff and coming before tot he execution of the settlement agreement, judgement, and verdict.
Life is really difficult after being injured in an accident or because of someone else’s fault, and one way to improve your situation is to file a personal injury lawsuit. Personal injury cases that can take advantage of legal funding include car accidents, personal injury, product liability, premises liability, medical malpractice, general liability, and wrongful death. A plaintiff can contact a legal funding company and apply for a cash loan, there will be an investigation process, and once approved will be given money that can be used for any purpose. A pre-settlement legal funding is non-recourse in nature wherein a plaintiff is only required to repay the loan. The good things about pre-settlement funding is that a plaintiff is not obliged to pay the cash loan if he or she loses the case. The amount of cash loan you are entitled to get will depend on the amount of money that might be awarded to you after the case is completed. You don’t have to curtail your lawsuit just because you cannot afford to pay your lawyer and your medical bills, contact a legal funding company to avail of pre-settlement funding now.
When choosing a contract rate that is basically the same as you were told first hand, and be sure to notify the funding company if the contract says otherwise. While a pre-settlement funding is beneficial for you to pay your bills while your case is still pending, it is essential that you understand all the content of the contract, and consult your lawyer if you need some clarification to ensure you get the right amount you are entitled to basing on the money that will be awarded to you. We are a funding company that is trusted by many of our clients because we are providing excellent financial services to different personal injury claims, so if you need pre-settlement funding, feel free to check our website or go to our homepage so we can help you, or you can also contact us on our number provided on this page now!Interesting Research on Funding – What No One Ever Told You