Lawsuits can be long and complicated affairs. Sometimes the prospects of a case are obvious and both sides can figure out how strong their apparent sides are and an agreement can be reached quite quickly. Settlements are offered and then accepted. This is the fairy tale version of how your lawsuit should proceed, where the case opens and closes within several months of it being filed in a respective state or federal court.
However, in our Nightmarish world that often resembles Game of Thrones more than Lord of the Rings, and where the night is full of hidden terrors, occasionally different sides of a lawsuit don’t agree on well, everything. Someone is usually wrong about the positive or negative aspects of their case. Someone is usually wrong about how much their case is worth. Someone may have filed in the wrong jurisdiction or missed the deadline for filing. (Don’t ask.) Sometimes you can’t survive the waiting. It’s very difficult to wait out the other side if you can’t pay your bills now or even your lawsuit funding.
Luckily there are loan companies that can offer you settlement funding or a loan advance on your case.
What do I need in order to get settlement funding or a cash advance?
Well generally you just have to apply for the funding. But there are a number of factors that are at play. The loan company will want to know what kind of lawsuit are you filing. They’ll want to know if the case has been properly filed and where. They’ll also want to know if the Defendants can pay out. They may require more information about the particulars of your lawsuit.
Some lawsuits generally pay out more than others. Trip and fall or personal injury cases generally pay out more than first amendment employment claims. Some companies that pay settlement or lawsuit funding amounts will take on all kinds of cases and not just personal injury. For example, some loan companies will give out loans for whistleblower and employment discrimination cases.
But once those issues have been ironed out, and your loan has been approved, you can get your money within 24 hours, from some companies anyway. Your money isn’t just limited to legal expenses. You can also use it to pay for your daily living expenses. But the major advantage is that you don’t have to settle early and you can decide to settle for what you think the case is worth.
