What is a lawsuit cash advance? The concept of an advance for your personal injury claim may be unfamiliar to some, but it is easy to grasp and also very helpful in the long run. In this article, we explain the basics of lawsuit cash advances. If you are interested, please call us today or contact us through our website. We are here to help.
What is a Lawsuit Cash Advance? | Reasons to Apply
Traditionally, claimants and their attorneys have been faced with not having enough funds to see a case through to a successful conclusion. Without the funds to pursue valid courses of action against deep-pocketed defendants, the amount that is settled for could end up being quite low. These defendants know that the prospect of a protracted and costly litigation can provide them with significant leverage which they often use to their advantage.
Only recently have their attorneys been able to get lawsuit loans to ward off low-ball settlements and see a case all the way through. Unfortunately, due to the risk of non-recourse lawsuit loans, traditional lenders stay away from such lending. Those who do offer lawsuit loans are unequipped to really understand and evaluate cases, thus they lend only a small amount, which often is inadequate. Today, that has all changed.
This is NOT a Loan
Loans require credit checks, employment verification, and sometimes application fees–we do not. Unlike traditional loans, our Lawsuit Advances do not require interest to be paid or repayment regardless of the outcome of your case.
As a result of inadequate funding for lawsuits, Fast Funds was created. We recognized the need to help claimants and their attorneys reach the full potential of their claims. For claimants, our cash advance programs can really help pay off overdue bills and meet ongoing obligations until settlement is attained. We purchase a very small percentage of the anticipated settlement. Depending on the case, you could get thousands of dollars in advance of settlement.