Settlement Assistance:Lawsuit Funding
Do you need cash to help make ends meet while your lawsuit is pending or while you await awarded payment?
Lawsuit funding provides a lump-sum cash advance on future payments, well before they are due or awarded. This settlement and annuity are all the same service in our program.
What is Lawsuit Funding?
Lawsuit funding is a financing option for plaintiffs in some civil lawsuits. This type of cash advance is made against a settlement. However, it is only available while the plaintiff’s case is pending, unlike a traditional loan that is available for a qualified applicant at any time.
How Does Lawsuit Funding Work?
This funding is offered to plaintiffs who are expecting to either settle or win a lawsuit, or who are awaiting settlement payment. Once the lawsuit has been filed, or the settlement has been awarded and the plaintiff is awaiting the awarded amount, the plaintiff can apply for a lawsuit funding cash advance.
Once the plaintiff has applied, their application and case will be assessed to determine how much the plaintiff could receive if they win or agree on a settlement. From there, the plaintiff is offered a lump-sum of cash. To receive this money, the plaintiff must agree to pay back the sum of cash and a funding fee out of the proceeds of your settlement.
There is no job or credit requirement.
Our Clients Use Lawsuit Funding to:
Meet their living expenses
Alleviate their pain and suffering
Allow them and their legal team to seek justice and equitable compensation—no matter how long it takes
Settlement Funding Process
Apply to a company like Factor Funding to see if you qualify for a settlement loan.
Your request will be reviewed and a representative will contact you to discuss your status and funding options.
Once approved, you then agree to the final sum amount and the final funding documents.
At that point, Factor Funding will advance the agreed-upon sum so you can use it for any needed expenses!
Use the funds, even while your case is pending.
Once your case has been settled or won, Factor Funding will be repaid from your awarded settlement.
Who uses lawsuit financing? A plaintiff who is awaiting the outcome or settlement for a:
Personal injury case
Motor vehicle accident case
Workplace/work-related accident case
Premises liability case
Medical malpractice case
Product liability case
Wrongful death case