How Much Does Lawsuit Funding Cost?

The cost of lawsuit funding is the question most applicants ask when they visit our site. The problem with the question is that it doesn't really make sense! It is the wrong question to ask for those individuals seeking a settlement loan.

It is important to bear in mind that you are not negotiating a settlement in a vacuum. The party against whom you have filed your claim is not likely to say, "Sure, I will admit that it was my fault. How much do I owe you?" I have testified as an expert in more than 100 personal injury cases and have never encountered such a scenario. You are frequently left with two options: (1) either accept a ridiculously low offer to settle your claim; or (2) obtain a settlement loan to assist with expenses to enable you to pursue the case to the end.

Remember that individual you encountered at the time the incident occurred? Remember, the individual who readily admitted liability. You may be surprised to see how adamantly that individual now denies any liability whatsoever when you begin to pursue that individual for compensation to recover for injuries/damages you sustained. In fact, according to the defendant, it is you, not he/she, who is responsible for the entire incident! (This is why we called it an adversarial system and why lawsuit funding is oftentimes essential.)

It is essential for you to have a good personal injury attorney representing your interest if the case goes to trial. Rest assured that the defendant will, in most instances, be represented by an attorney for the insurance carrier. It is not uncommon for the defense attorney to meet his/her client for the first time at the beginning of trial.

Key to understanding the defense attorney's motive is that you realize that the attorney represents the insurance carrier, not the defendant. It is true that the defendant is formally identified as the defense attorney's client. However, this is a ruse designed to avoid notifying jurors that the defendant has "deep-pockets." It is because of those "deep-pockets" that the carrier can continue to drag its feet, placing obstacles in your path and forcing you to seek lawsuit funding to keep your head above water!

Keep in mind, in most instances, your lawsuit will actually turn out to be against the insurance company. Insurance companies don't make money by paying out lawsuits without hesitation. It is the insurance company's reputation for denying virtually every lawsuit submitted to it that has created the disdain many individuals have toward insurance companies. It should be borne in mind that neither you nor your legal representative, in the presence of the jury, will be permitted to make any reference whatsoever to an insurance company that may be ultimately on-the-risk to pay the claim. In fact, if you even mention the word insurance company during the trial, the defendant may seek and, in many instances, obtain a mistrial.

This article is intended to dispel any notion that you may have had that the insurance carrier is interested in seeing to it that you as the plaintiff obtained a fair-and-equitable settlement. In fact, the insurance carrier doesn't want to pay you a dime on your claim! If it weren't for this fact, no suit would have been filed. If it weren't for this fact, your case would not be dragging on, in many cases, for years. It is at this point that the plaintiff's options are customarily limited to either accepting an unreasonable settlement offer the insurance carrier makes, or obtaining a lawsuit funding that would allow the plaintiff to pursue the action to an appropriate conclusion.

You see, the question really isn't, "How much does lawsuit funding cost?" The real question is, "Do lawsuit loans cost or pay?" You decide!

Interested in learning more about lawsuit funding? Please visit us today. There you may learn more about lawsuit settlement loans and even apply online for lawsuit funding.