When Obtaining A Lawsuit Loan Or Lawsuit Funding, A Broker Is Essential!
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Sunday, February 21, 2010
If You Are Considering Obtaining Either A Lawsuit Loan Or Lawsuit Funding, Should You Work With A Broker?
The vast majority of individual's are clueless as to the existence of either a lawsuit loan or lawsuit funding. Thus, most individuals are totally unaware of the fact that they could obtain assistance from a broker, not to mention the fact that they don't even know what such brokers do. Such brokers are also known as lawsuit funding specialists and lawsuit loan specialists. Their primary duty is to work closely with clients who are seeking litigation assistance to determine the best funding-entity to which their requests should be submitted.
It is preferable when working with brokers to work with brokers who deal with a number of funding-entities. Individuals who work directly with funding-entities are often at a disadvantage due to the fact that, irrespective of the nature of the claim submitted, the client's claim will be submitted to the same underwriters. However, those individuals who work with brokers will find that their claims will be reviewed and a determination will be made as to the most appropriate funding-entity for that client's specific needs.
Most individuals are surprised to know that there are no costs involved when utilizing a broker's services. Are you wondering why it is that there are no fees involved when a lawsuit loan or lawsuit funding broker is utilized? The answer is quite simple when one realizes that these funding-entities spend a great deal of money advertising to obtain information regarding clients who are pursuing litigation funding. Most funding-entities are quite eager to work with competent-brokers who are capable of dealing directly with clients, obtaining requisite documentation, determining whether the client's claim is appropriate for their particular institution, etc.
Additionally, brokers understand the types of information each of the funding-entities with which they work require. It isn't as easy as just submitting one application to all funding-entities. Many funding-entities require specific information. Many funding-entities limit the states in which they are willing to provide the financial assistance clients seek. (This will vary from funding-entity to funding-entity.)Furthermore, funding-entities limit the types of cases that they will handle (e.g., some will handle Workers' Comp cases, most will not, etc.).
A good broker will become a good friend to the client while they are pursuing litigation funding. The broker will serve as a liaison between the client, the client's attorney, and the funding-entity. Furthermore, the broker will obtain requisite documentation, review that documentation, submit that documentation, and stay in touch with the funding-entity to determine whether additional clarification is required.
Clients seeking either a lawsuit loan or lawsuit funding are wise to obtain the services of a competent-broker! Brokers work closely with clients to remove the barriers that exist between the clients and the funding they seek. A competent-broker will work not only to assist the client in obtaining the litigation funding they seek, but will also work to assist the client in obtaining the maximum amount of funding that would be appropriate in their client's particular case. (It is important to realize that most funding-entities are reticent to fund clients who already have outstanding lawsuit funding for which they are responsible.) It is interesting to note that many clients who seek either a lawsuit loan or lawsuit funding for future claims, often seek the services of the same broker with whom they worked in the past!
Looking for more information about lawsuit funding? Please allow us to provide more information regarding lawsuit settlement loans. Please stop by today, and you may either apply online for a lawsuit settlement loan or review our lawsuit funding frequently asked questions archive.
It is preferable when working with brokers to work with brokers who deal with a number of funding-entities. Individuals who work directly with funding-entities are often at a disadvantage due to the fact that, irrespective of the nature of the claim submitted, the client's claim will be submitted to the same underwriters. However, those individuals who work with brokers will find that their claims will be reviewed and a determination will be made as to the most appropriate funding-entity for that client's specific needs.
Most individuals are surprised to know that there are no costs involved when utilizing a broker's services. Are you wondering why it is that there are no fees involved when a lawsuit loan or lawsuit funding broker is utilized? The answer is quite simple when one realizes that these funding-entities spend a great deal of money advertising to obtain information regarding clients who are pursuing litigation funding. Most funding-entities are quite eager to work with competent-brokers who are capable of dealing directly with clients, obtaining requisite documentation, determining whether the client's claim is appropriate for their particular institution, etc.
Additionally, brokers understand the types of information each of the funding-entities with which they work require. It isn't as easy as just submitting one application to all funding-entities. Many funding-entities require specific information. Many funding-entities limit the states in which they are willing to provide the financial assistance clients seek. (This will vary from funding-entity to funding-entity.)Furthermore, funding-entities limit the types of cases that they will handle (e.g., some will handle Workers' Comp cases, most will not, etc.).
A good broker will become a good friend to the client while they are pursuing litigation funding. The broker will serve as a liaison between the client, the client's attorney, and the funding-entity. Furthermore, the broker will obtain requisite documentation, review that documentation, submit that documentation, and stay in touch with the funding-entity to determine whether additional clarification is required.
Clients seeking either a lawsuit loan or lawsuit funding are wise to obtain the services of a competent-broker! Brokers work closely with clients to remove the barriers that exist between the clients and the funding they seek. A competent-broker will work not only to assist the client in obtaining the litigation funding they seek, but will also work to assist the client in obtaining the maximum amount of funding that would be appropriate in their client's particular case. (It is important to realize that most funding-entities are reticent to fund clients who already have outstanding lawsuit funding for which they are responsible.) It is interesting to note that many clients who seek either a lawsuit loan or lawsuit funding for future claims, often seek the services of the same broker with whom they worked in the past!
Looking for more information about lawsuit funding? Please allow us to provide more information regarding lawsuit settlement loans. Please stop by today, and you may either apply online for a lawsuit settlement loan or review our lawsuit funding frequently asked questions archive.
Wednesday, February 17, 2010
How Do You Obtain Either A Lawsuit Loan Or Lawsuit Funding At No Cost?
Most of the clients who contact us want to know how much obtaining either lawsuit loan or lawsuit funding will cost them. Most clients are totally unaware of the fact that the settlement loan they seek may actually wind up costing them absolutely nothing! When pursued correctly, pre-settlement loans may be another cost for which the defendant becomes responsible.
It is certainly understandable that many of the clients who come to us are concerned about the rumors they've heard about the high-cost of obtaining settlement loans. Due to the rapid-growth and ignorance regarding this industry, rumors and myths abound, suggesting that such funding could actually be the wrong course of action for a plaintiff to pursue. The situation is made more problematic by the fact that many plaintiffs' attorneys are unaware of the fact that such financial assistance exists. Were these attorneys aware of such financial assistance, they would likely recommend it to their clients to enable their clients to continue to pursue litigation when, but for the financial-assistance, their clients would be forced to abandon their claims prematurely.
The problem is also worsened by the fact that the insurance carrier that is on-the-risk for damages their insured caused, will do everything in their power to keep plaintiffs from learning what it is they need to know about obtaining either a lawsuit loan or lawsuit funding. Naturally, insurance carriers are going to want the plaintiff to settle the claim as quickly and cheaply as possible. In fact, the insurance carrier truly just wants the plaintiff to go away in the dead-of-night.
Sadly, many plaintiffs do not have the financial wherewithal to withstand the cost of ongoing litigation. Therefore, they are very likely to abandon their lawsuit prematurely. Many attorneys, antsy to obtain a quick and easy settlement, will often do very little to assist their clients in pursuing such litigation. Contrariwise, there are many plaintiff attorneys who were extremely effective in assisting their clients in obtaining a fair-and-equitable settlement. Make no mistake about it! A good Personal Injury attorney is absolutely essential in such cases!
Well, you've been informed that you may obtain your lawsuit loan or lawsuit funding at no cost to you. The question is, how do you do it? It should be borne in mind that, if the plaintiff intends to utilize the litigation funding obtained in a "frivolous" manner, the costs incurred in obtaining such financial assistance are likely to remain a cost that the plaintiff must bear. However, if the need for such funding arises out of necessity (e.g., to assist the plaintiff to pay utilities, mortgage, car payment, etc.), these costs should be pled as damages. If such damages are awarded in a Court of Law, these costs are shifted directly to the defendant. Therefore, the plaintiff obtains the settlement loan and the defendant pays the bill!
In just a few paragraphs, I'm certain that all of the concerns regarding this issue have not been addressed. However, the plaintiff must ask, "Does obtaining either a lawsuit loan or lawsuit funding cost or pay?" Only the plaintiff will be able to answer the question.
Looking for more information about lawsuit funding? Please allow us to provide more information regarding lawsuit settlement loans. Please stop by today, and you may either apply online for a lawsuit settlement loan or review our lawsuit funding frequently asked questions archive.
It is certainly understandable that many of the clients who come to us are concerned about the rumors they've heard about the high-cost of obtaining settlement loans. Due to the rapid-growth and ignorance regarding this industry, rumors and myths abound, suggesting that such funding could actually be the wrong course of action for a plaintiff to pursue. The situation is made more problematic by the fact that many plaintiffs' attorneys are unaware of the fact that such financial assistance exists. Were these attorneys aware of such financial assistance, they would likely recommend it to their clients to enable their clients to continue to pursue litigation when, but for the financial-assistance, their clients would be forced to abandon their claims prematurely.
The problem is also worsened by the fact that the insurance carrier that is on-the-risk for damages their insured caused, will do everything in their power to keep plaintiffs from learning what it is they need to know about obtaining either a lawsuit loan or lawsuit funding. Naturally, insurance carriers are going to want the plaintiff to settle the claim as quickly and cheaply as possible. In fact, the insurance carrier truly just wants the plaintiff to go away in the dead-of-night.
Sadly, many plaintiffs do not have the financial wherewithal to withstand the cost of ongoing litigation. Therefore, they are very likely to abandon their lawsuit prematurely. Many attorneys, antsy to obtain a quick and easy settlement, will often do very little to assist their clients in pursuing such litigation. Contrariwise, there are many plaintiff attorneys who were extremely effective in assisting their clients in obtaining a fair-and-equitable settlement. Make no mistake about it! A good Personal Injury attorney is absolutely essential in such cases!
Well, you've been informed that you may obtain your lawsuit loan or lawsuit funding at no cost to you. The question is, how do you do it? It should be borne in mind that, if the plaintiff intends to utilize the litigation funding obtained in a "frivolous" manner, the costs incurred in obtaining such financial assistance are likely to remain a cost that the plaintiff must bear. However, if the need for such funding arises out of necessity (e.g., to assist the plaintiff to pay utilities, mortgage, car payment, etc.), these costs should be pled as damages. If such damages are awarded in a Court of Law, these costs are shifted directly to the defendant. Therefore, the plaintiff obtains the settlement loan and the defendant pays the bill!
In just a few paragraphs, I'm certain that all of the concerns regarding this issue have not been addressed. However, the plaintiff must ask, "Does obtaining either a lawsuit loan or lawsuit funding cost or pay?" Only the plaintiff will be able to answer the question.
Looking for more information about lawsuit funding? Please allow us to provide more information regarding lawsuit settlement loans. Please stop by today, and you may either apply online for a lawsuit settlement loan or review our lawsuit funding frequently asked questions archive.
Saturday, February 13, 2010
If You Are Considering Either A Lawsuit Loan Or Lawsuit Funding, This Guide Is For You! (Part 3)
In Parts 1 and 2, we discussed the ways in which plaintiffs could assess both the benefits and liabilities that accrue when pursuing either a lawsuit loan or lawsuit funding. In this article, we will discuss what happens once the pre-settlement loan is obtained.
In what manner are the settlement loans to be repaid? One of the significant advantages of obtaining this form of financial assistance is the fact that there is nothing that has to be repaid unless and until you obtain a settlement. Either the lawsuit loan or lawsuit funding will be repaid out of the settlement proceeds awarded in your case. Repayment, in most cases, will occur simultaneously with the settlement awarded in your case.
Lawsuit loans and lawsuit funding are non-recourse financial instruments. Therefore, the funding-entities will be reviewing your case very carefully to determine whether your case is worth their investment. Due to the fact that these are non-recourse instruments, if the plaintiff does not win their lawsuit, they pay nothing.
Clients are often relieved to find that there are no limitations as to how the settlement loan may be spent. Many clients utilize such financial assistance to pay their utilities, put food on their tables, etc. However, these instruments are extremely flexible and the plaintiff is free to utilize the proceeds in any manner he/she deems appropriate.
What happens if the plaintiff needs more money in the future (i.e., subsequent to the initial funding)? Plaintiffs may actually take a limited portion of the initial amount that the funding-entity agrees to advance. If this is the case, the plaintiff may simply go back to the funding-entity and request additional funds. However, the plaintiff may also submit a subsequent request to obtain additional funding in the future. (It is important to note that the funding-entities will require the plaintiff to disclose each and every lien that may exist prior to determining whether additional funds should be advanced.)
Both plaintiffs and attorneys are eager to find out whether the funding-entity exercises any control over the manner in which the case is prosecuted. No, the funding-entity plays absolutely no role in the manner in which the case will be prosecuted. In fact, once the monies are advanced, the funding-entity will have no involvement until such time that the case is finally settled in the plaintiff's favor and an award is issued.
It is quite reasonable that many clients are concerned about the manner in which their request for financial assistance will be perceived by their attorneys. It is important to realize that many attorneys are totally unaware of the fact that such financial-assistance exists. However, many attorneys who are familiar with this form of financing are quite eager to assist their clients in obtaining either a lawsuit loan or lawsuit funding to assist them as they pursue their lawsuit.
If you're currently a plaintiff, have you ever wondered why your attorney can't just loan you the money? There is little doubt that many attorneys would love to be able to provide financial assistance to their clients. However, attorneys are prohibited from doing so due to the possibility of a conflict-of-interest arising as a result of providing such financial assistance. (It is significant to note, however, that attorneys are often willing to assist their clients with case-related expenses.)
Clients often are concerned about the degree of confidentiality when obtaining either a lawsuit loan or lawsuit funding. The process is confidential. In fact, the defendant need not even be aware of the fact that such funding was obtained. However, in some cases plaintiffs may wish to make the defendant aware of the fact that underwriters experienced in such processes, have reviewed the case and have determined that the case, from their perspective, is meritorious. If your case were not meritorious, no funds would be advanced.
Settlement loans often prove to be extremely helpful to plaintiffs. When plaintiffs are hard-pressed financially, they are often eager to obtain either a lawsuit loan or lawsuit funding. Once such financial assistance is obtained, plaintiffs often find themselves much more confident about being able to pursue the lawsuit until a fair-and-equitable settlement is achieved!
Looking for more information about lawsuit funding? Please allow us to provide more information regarding lawsuit settlement loans. Please stop by today, and you may either apply online for a lawsuit settlement loan or review our lawsuit funding frequently asked questions archive.
In what manner are the settlement loans to be repaid? One of the significant advantages of obtaining this form of financial assistance is the fact that there is nothing that has to be repaid unless and until you obtain a settlement. Either the lawsuit loan or lawsuit funding will be repaid out of the settlement proceeds awarded in your case. Repayment, in most cases, will occur simultaneously with the settlement awarded in your case.
Lawsuit loans and lawsuit funding are non-recourse financial instruments. Therefore, the funding-entities will be reviewing your case very carefully to determine whether your case is worth their investment. Due to the fact that these are non-recourse instruments, if the plaintiff does not win their lawsuit, they pay nothing.
Clients are often relieved to find that there are no limitations as to how the settlement loan may be spent. Many clients utilize such financial assistance to pay their utilities, put food on their tables, etc. However, these instruments are extremely flexible and the plaintiff is free to utilize the proceeds in any manner he/she deems appropriate.
What happens if the plaintiff needs more money in the future (i.e., subsequent to the initial funding)? Plaintiffs may actually take a limited portion of the initial amount that the funding-entity agrees to advance. If this is the case, the plaintiff may simply go back to the funding-entity and request additional funds. However, the plaintiff may also submit a subsequent request to obtain additional funding in the future. (It is important to note that the funding-entities will require the plaintiff to disclose each and every lien that may exist prior to determining whether additional funds should be advanced.)
Both plaintiffs and attorneys are eager to find out whether the funding-entity exercises any control over the manner in which the case is prosecuted. No, the funding-entity plays absolutely no role in the manner in which the case will be prosecuted. In fact, once the monies are advanced, the funding-entity will have no involvement until such time that the case is finally settled in the plaintiff's favor and an award is issued.
It is quite reasonable that many clients are concerned about the manner in which their request for financial assistance will be perceived by their attorneys. It is important to realize that many attorneys are totally unaware of the fact that such financial-assistance exists. However, many attorneys who are familiar with this form of financing are quite eager to assist their clients in obtaining either a lawsuit loan or lawsuit funding to assist them as they pursue their lawsuit.
If you're currently a plaintiff, have you ever wondered why your attorney can't just loan you the money? There is little doubt that many attorneys would love to be able to provide financial assistance to their clients. However, attorneys are prohibited from doing so due to the possibility of a conflict-of-interest arising as a result of providing such financial assistance. (It is significant to note, however, that attorneys are often willing to assist their clients with case-related expenses.)
Clients often are concerned about the degree of confidentiality when obtaining either a lawsuit loan or lawsuit funding. The process is confidential. In fact, the defendant need not even be aware of the fact that such funding was obtained. However, in some cases plaintiffs may wish to make the defendant aware of the fact that underwriters experienced in such processes, have reviewed the case and have determined that the case, from their perspective, is meritorious. If your case were not meritorious, no funds would be advanced.
Settlement loans often prove to be extremely helpful to plaintiffs. When plaintiffs are hard-pressed financially, they are often eager to obtain either a lawsuit loan or lawsuit funding. Once such financial assistance is obtained, plaintiffs often find themselves much more confident about being able to pursue the lawsuit until a fair-and-equitable settlement is achieved!
Looking for more information about lawsuit funding? Please allow us to provide more information regarding lawsuit settlement loans. Please stop by today, and you may either apply online for a lawsuit settlement loan or review our lawsuit funding frequently asked questions archive.
Tuesday, February 9, 2010
This Guide Is For Those Who Are Seeking Either A Lawsuit Loan Or Lawsuit Funding. (Part 2)
In our previous article, we considered many ways that plaintiffs could make a determination as to whether obtaining either a lawsuit loan or lawsuit funding would be appropriate with respect to their lawsuit. In this article, we will discuss additional issues that must be evaluated prior to making a determination as to whether this form of financial-assistance would be appropriate for the particular case in which the plaintiff finds him/herself.
Clients frequently ask if they will be required to sign any documents. It really depends on the funding-entity to which the application may be submitted. (This is contingent on the type of case the plaintiff submits.)
Many funding-entities may require a signature on the plaintiff's application. However, a number of funding-entities do not require this signature. It is sufficient for those not requiring such signatures for the plaintiff to agree with the terms and conditions that specified in the application.
It is important for the plaintiff to be aware of the fact that if the funding-entity does approve the request for funding, it will be necessary for both the plaintiff and the attorney to sign the documents prior to issuing any funding whatsoever. However, once again, the plaintiff will have an opportunity to review each and every document submitted and to discuss the issues thoroughly with his/her attorney prior to either signing any documents or making any commitment to the funding-entity.
Individuals contacting our site frequently want to know how much funding will they be able to obtain. Customarily, either a lawsuit funding or lawsuit loan amount will be limited to approximately 10%-15% of the projected value of the case. Most funding-entities will loan amounts of $250 to $1 million. Obviously, the amount that will be funded will be contingent on the case that is presented to the underwriters.
Perhaps an unanticipated benefit of obtaining either lawsuit loan or lawsuit funding is the fact that, if the plaintiff desires to do so, the defendant may be notified that such funding was requested and obtained. This signals to the defendant that individuals who are experienced in reviewing such matters have determined that the lawsuit submitted to the underwriters was deemed meritorious and likely to result in a settlement at least 10-times greater than the amount advanced. This can provide a tremendous psychological-boost to the plaintiff. (Not to mention the fact that the plaintiff is much more likely, upon receipt of the requested funding, to be able to continue to pursue the litigation to an appropriate conclusion.)
Furthermore, once the plaintiff has obtained funding, the plaintiff is much more likely to be able to continue to pursue the litigation until he/she obtains a fair-and-equitable settlement. In the absence of such funding, unfortunately, many plaintiffs are forced to abandon their cases due to a lack of financial sustenance.
Those who submit applications for settlement loans are obviously anxious to know how long it will take to obtain the financial-assistance requested. This is going to be contingent on numerous factors, most significant of which is the type of case presented to the underwriters. There are certain types of cases that are classified as "quick-cash" cases. These cases are customarily relegated to automobile accidents in which the plaintiff has no outstanding liens that may be placed against the settlement.
Commonly, the greatest obstacle in obtaining a determination regarding an application submitted for either a lawsuit loan or lawsuit funding is the difficulty in obtaining the requisite documentation. It is very important that the plaintiff realize that if the requisite documentation is provided timely, a good broker will get the documentation to the funding-entity best-suited for the client's needs and a determination may be rendered as to whether the case will be approved within 72-96 hours. Once a case is approved for funding, the plaintiff will have an opportunity to review the documents for five days to determine whether the terms of that agreement are agreeable.
There remains a great deal of information that plaintiffs should know prior to reaching any conclusion as to whether either lawsuit loan or lawsuit funding would be appropriate for them. Those who consider settlement loans should certainly devote the time required to become familiar with this process. In the next article, we'll provide additional information that will assist plaintiffs in determining whether a pre-settlement loan would be right for them.
Looking for more information about lawsuit loans? Please allow us to provide more information regarding lawsuit settlement loans. Please stop by today, and you may either apply online for a lawsuit settlement loan or review our lawsuit loan frequently asked questions archive.
Clients frequently ask if they will be required to sign any documents. It really depends on the funding-entity to which the application may be submitted. (This is contingent on the type of case the plaintiff submits.)
Many funding-entities may require a signature on the plaintiff's application. However, a number of funding-entities do not require this signature. It is sufficient for those not requiring such signatures for the plaintiff to agree with the terms and conditions that specified in the application.
It is important for the plaintiff to be aware of the fact that if the funding-entity does approve the request for funding, it will be necessary for both the plaintiff and the attorney to sign the documents prior to issuing any funding whatsoever. However, once again, the plaintiff will have an opportunity to review each and every document submitted and to discuss the issues thoroughly with his/her attorney prior to either signing any documents or making any commitment to the funding-entity.
Individuals contacting our site frequently want to know how much funding will they be able to obtain. Customarily, either a lawsuit funding or lawsuit loan amount will be limited to approximately 10%-15% of the projected value of the case. Most funding-entities will loan amounts of $250 to $1 million. Obviously, the amount that will be funded will be contingent on the case that is presented to the underwriters.
Perhaps an unanticipated benefit of obtaining either lawsuit loan or lawsuit funding is the fact that, if the plaintiff desires to do so, the defendant may be notified that such funding was requested and obtained. This signals to the defendant that individuals who are experienced in reviewing such matters have determined that the lawsuit submitted to the underwriters was deemed meritorious and likely to result in a settlement at least 10-times greater than the amount advanced. This can provide a tremendous psychological-boost to the plaintiff. (Not to mention the fact that the plaintiff is much more likely, upon receipt of the requested funding, to be able to continue to pursue the litigation to an appropriate conclusion.)
Furthermore, once the plaintiff has obtained funding, the plaintiff is much more likely to be able to continue to pursue the litigation until he/she obtains a fair-and-equitable settlement. In the absence of such funding, unfortunately, many plaintiffs are forced to abandon their cases due to a lack of financial sustenance.
Those who submit applications for settlement loans are obviously anxious to know how long it will take to obtain the financial-assistance requested. This is going to be contingent on numerous factors, most significant of which is the type of case presented to the underwriters. There are certain types of cases that are classified as "quick-cash" cases. These cases are customarily relegated to automobile accidents in which the plaintiff has no outstanding liens that may be placed against the settlement.
Commonly, the greatest obstacle in obtaining a determination regarding an application submitted for either a lawsuit loan or lawsuit funding is the difficulty in obtaining the requisite documentation. It is very important that the plaintiff realize that if the requisite documentation is provided timely, a good broker will get the documentation to the funding-entity best-suited for the client's needs and a determination may be rendered as to whether the case will be approved within 72-96 hours. Once a case is approved for funding, the plaintiff will have an opportunity to review the documents for five days to determine whether the terms of that agreement are agreeable.
There remains a great deal of information that plaintiffs should know prior to reaching any conclusion as to whether either lawsuit loan or lawsuit funding would be appropriate for them. Those who consider settlement loans should certainly devote the time required to become familiar with this process. In the next article, we'll provide additional information that will assist plaintiffs in determining whether a pre-settlement loan would be right for them.
Looking for more information about lawsuit loans? Please allow us to provide more information regarding lawsuit settlement loans. Please stop by today, and you may either apply online for a lawsuit settlement loan or review our lawsuit loan frequently asked questions archive.
Saturday, February 6, 2010
What Are Some Of The Most Frequently Asked Questions Regarding Either A Lawsuit Loan Or Lawsuit Funding?
Q. "How much is your interest on lawsuit funding?"
A. This would be a valid question, were the requestor to obtain a loan. However, there is no interest charged when obtaining lawsuit funding because it is not a loan. If it were a loan, it would be necessary for the requestor to repay that loan irrespective of the outcome of the case. However, with a non-recourse advance, if you do not prevail in your case, you pay nothing. It is for this reason that the funding-entities will charge a risk-fee. The risk-fee charged is contingent on the inherent risk in the lawsuit that you present.
Q. "What is the length of time that it takes to obtain either a lawsuit loan or lawsuit funding?"
A. Do you have a cooperative attorney? Upon receipt of your application, the broker will contact your attorney and request specific documents. It will be important for you to contact your attorney as quickly as possible to notify your attorney that such a request will be received. If your attorney cooperates and the documents are received within one day, it is quite possible for you receive the settlement loan you seek within 1-2 days. Thus, if you're in a hurry to receive the advance, you're encouraged to contact your attorney as quickly as possible.
Q. "What are the upfront costs?"
A. No, there are no up-front costs to obtain lawsuit funding.
Q. "If my request is approved, how am I to go about obtaining either a lawsuit loan or lawsuit funding?"
A. If you're in a hurry, the funding-entity can arrange to either FedEx a check to you overnight, or, if you wish, the funding-entity may wire the funds directly into your account for a pre-determined fee.
Q. "Am I going to have to provide my birth-date and Social Security number when I submit my application?"
A. No, it will not be necessary for you to provide this information initially. However, prior to receipt of the requested funding, it will be necessary for you to provide both your birth-date and Social Security number to the lender.
Please note that because time is of the essence, a good broker will follow up immediately with you with a phone call to ensure that the law firm with which you want the broker to work has received the Request for Documents. In most cases, the attorneys themselves neither prepare nor submit the paperwork in response to lawsuit funding requests. It is customarily a paralegal or secretary who will both prepare and submit the paperwork to you.
Your broker will need to find out very quickly with whom they need to speak to obtain the requisite documentation. If the paperwork is not received within 1-2 days, a competent broker will follow up with the law firm and request the documents once again.
Please note that if your attorney is being uncooperative, the broker will ask you to assist in obtaining the documentation required to obtain settlement loans. Remember the attorney works for you and the clock is ticking!
If your attorney is particularly uncooperative, a good broker is not going to encourage you to fire that attorney and retain a new one. Irrespective of the broker's recommendations, it is important for both you and your attorney to cooperate in this process. If either you or your attorney fails to do so, the likelihood of obtaining either a lawsuit loan or lawsuit funding is significantly diminished.
If your attorney requires you to sign a Release of Medical Records prior to providing requisite medical documentation, the broker will forward the document to you for your review and signature, once you've reviewed the document and signed it, it will be essential for you to forward that a signed document to your attorney as quickly as possible. Additionally, it will be necessary for you to notify the broker that you've done so.
Under ideal circumstances, your attorney will submit the documents following the initial request. Upon receipt of the documents, it will be necessary for your broker to review those documents for completeness. It will also be necessary that the broker determine the funding-entity best-suited to accommodate your funding request. Once that information is obtained, your packet will be submitted to funding-entity for review. If the funding-entity determines that the packet is complete, the entire packet will be submitted to underwriters for consideration. If the facts of your case substantially support your claim, and your request is reasonable, your chances of obtaining either a lawsuit loan or lawsuit funding are very good!
Looking for more information about lawsuit funding? Please allow us to provide more information regarding lawsuit settlement loans. Please stop by today, and you may either apply online for a lawsuit settlement loan or review our lawsuit funding frequently asked questions archive.
A. This would be a valid question, were the requestor to obtain a loan. However, there is no interest charged when obtaining lawsuit funding because it is not a loan. If it were a loan, it would be necessary for the requestor to repay that loan irrespective of the outcome of the case. However, with a non-recourse advance, if you do not prevail in your case, you pay nothing. It is for this reason that the funding-entities will charge a risk-fee. The risk-fee charged is contingent on the inherent risk in the lawsuit that you present.
Q. "What is the length of time that it takes to obtain either a lawsuit loan or lawsuit funding?"
A. Do you have a cooperative attorney? Upon receipt of your application, the broker will contact your attorney and request specific documents. It will be important for you to contact your attorney as quickly as possible to notify your attorney that such a request will be received. If your attorney cooperates and the documents are received within one day, it is quite possible for you receive the settlement loan you seek within 1-2 days. Thus, if you're in a hurry to receive the advance, you're encouraged to contact your attorney as quickly as possible.
Q. "What are the upfront costs?"
A. No, there are no up-front costs to obtain lawsuit funding.
Q. "If my request is approved, how am I to go about obtaining either a lawsuit loan or lawsuit funding?"
A. If you're in a hurry, the funding-entity can arrange to either FedEx a check to you overnight, or, if you wish, the funding-entity may wire the funds directly into your account for a pre-determined fee.
Q. "Am I going to have to provide my birth-date and Social Security number when I submit my application?"
A. No, it will not be necessary for you to provide this information initially. However, prior to receipt of the requested funding, it will be necessary for you to provide both your birth-date and Social Security number to the lender.
Please note that because time is of the essence, a good broker will follow up immediately with you with a phone call to ensure that the law firm with which you want the broker to work has received the Request for Documents. In most cases, the attorneys themselves neither prepare nor submit the paperwork in response to lawsuit funding requests. It is customarily a paralegal or secretary who will both prepare and submit the paperwork to you.
Your broker will need to find out very quickly with whom they need to speak to obtain the requisite documentation. If the paperwork is not received within 1-2 days, a competent broker will follow up with the law firm and request the documents once again.
Please note that if your attorney is being uncooperative, the broker will ask you to assist in obtaining the documentation required to obtain settlement loans. Remember the attorney works for you and the clock is ticking!
If your attorney is particularly uncooperative, a good broker is not going to encourage you to fire that attorney and retain a new one. Irrespective of the broker's recommendations, it is important for both you and your attorney to cooperate in this process. If either you or your attorney fails to do so, the likelihood of obtaining either a lawsuit loan or lawsuit funding is significantly diminished.
If your attorney requires you to sign a Release of Medical Records prior to providing requisite medical documentation, the broker will forward the document to you for your review and signature, once you've reviewed the document and signed it, it will be essential for you to forward that a signed document to your attorney as quickly as possible. Additionally, it will be necessary for you to notify the broker that you've done so.
Under ideal circumstances, your attorney will submit the documents following the initial request. Upon receipt of the documents, it will be necessary for your broker to review those documents for completeness. It will also be necessary that the broker determine the funding-entity best-suited to accommodate your funding request. Once that information is obtained, your packet will be submitted to funding-entity for review. If the funding-entity determines that the packet is complete, the entire packet will be submitted to underwriters for consideration. If the facts of your case substantially support your claim, and your request is reasonable, your chances of obtaining either a lawsuit loan or lawsuit funding are very good!
Looking for more information about lawsuit funding? Please allow us to provide more information regarding lawsuit settlement loans. Please stop by today, and you may either apply online for a lawsuit settlement loan or review our lawsuit funding frequently asked questions archive.
Thursday, February 4, 2010
Are You Considering Either A Lawsuit Loan Or Lawsuit Funding And Wondering How Much You Will Receive? (Part I)
Many applicants contact us requesting fantastic sums of money for either a lawsuit loan or lawsuit funding, having no realistic idea of the value of their claim. Actually, one of the true benefits of seeking settlement loans is the fact that the experience gives plaintiffs a true sense of how others, experienced in this process, perceive both the likelihood of prevailing in the particular lawsuit and the anticipated award obtained therefrom.
It is important to bear in mind that each claim has its own peculiarities and much of the inherent value may be either known or perceived by the plaintiff. One may never predict with 100% accuracy a juror's perspective of any given situation. Estimated likelihood of success and potential claim-values are determined by experience underwriters, individuals who have reviewed more cases such as yours than most attorneys will ever prosecute in any one lifetime. The estimates, while not flawless, are predicated on educated assessments.
You should be perspicacious in assessing the true value of either the lawsuit loan or lawsuit funding that you seek. Those plaintiffs who seek lawsuit loans far in excess of the true value of their cases are very unlikely to obtain the funding they seek. Underwriters are going to pay little attention to applications that are submitted which contain requests for unrealistic amounts of funding. Remember, the funding provided is non-recourse (i.e., if you do not win your case, you pay the funding entity nothing). Therefore, the entity that does provide the funding will be reviewing every aspect of your case very carefully prior to making its final determination as to whether your case will be funded.
One of the most significant aspects of the value that will be affixed to your claim is the classification of that claim. For example, automobile accidents are relatively easy to assess, particularly when contrasted with breach of contract cases. Insurance coverage is often readily available. Liability is often established by a police report, etc. Discovery-issues are customarily relatively limited. Contrariwise, breach-of-contract cases often involve a great deal of discovery, document-review, and a much more detailed-analysis of the facts that are in dispute. If you have not yet begun your discovery, you would be advised to wait until such time that you have obtained sufficient discovery to determine some of the underlying merits of your case. It is often as a result of this discovery that many of your case's strengths and weaknesses will be exposed. As a word of caution, you should realize that complex cases, while perhaps more drawn-out in obtaining a settlement loan, often have a much greater value, assuming they are meritorious. Multiple requests for documentation should not be viewed in a negative-light. This is customarily a signal to you that your case is being considered very carefully.
Never allow the complexity of your case to keep you from attempting to obtain pre-settlement loans. Complexity may imply a greater inherent-value and may increase the likelihood of obtaining a sizeable settlement loan. It will certainly be advantageous to work closely with your litigation funding expert to obtain requisite documentation as quickly as possible.
In our next article, we will provide additional information designed to assist plaintiffs in obtaining either a lawsuit loan or lawsuit funding as quickly and easily as possible. Remember, don't quit merely because the justice you seek is expensive.
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.
It is important to bear in mind that each claim has its own peculiarities and much of the inherent value may be either known or perceived by the plaintiff. One may never predict with 100% accuracy a juror's perspective of any given situation. Estimated likelihood of success and potential claim-values are determined by experience underwriters, individuals who have reviewed more cases such as yours than most attorneys will ever prosecute in any one lifetime. The estimates, while not flawless, are predicated on educated assessments.
You should be perspicacious in assessing the true value of either the lawsuit loan or lawsuit funding that you seek. Those plaintiffs who seek lawsuit loans far in excess of the true value of their cases are very unlikely to obtain the funding they seek. Underwriters are going to pay little attention to applications that are submitted which contain requests for unrealistic amounts of funding. Remember, the funding provided is non-recourse (i.e., if you do not win your case, you pay the funding entity nothing). Therefore, the entity that does provide the funding will be reviewing every aspect of your case very carefully prior to making its final determination as to whether your case will be funded.
One of the most significant aspects of the value that will be affixed to your claim is the classification of that claim. For example, automobile accidents are relatively easy to assess, particularly when contrasted with breach of contract cases. Insurance coverage is often readily available. Liability is often established by a police report, etc. Discovery-issues are customarily relatively limited. Contrariwise, breach-of-contract cases often involve a great deal of discovery, document-review, and a much more detailed-analysis of the facts that are in dispute. If you have not yet begun your discovery, you would be advised to wait until such time that you have obtained sufficient discovery to determine some of the underlying merits of your case. It is often as a result of this discovery that many of your case's strengths and weaknesses will be exposed. As a word of caution, you should realize that complex cases, while perhaps more drawn-out in obtaining a settlement loan, often have a much greater value, assuming they are meritorious. Multiple requests for documentation should not be viewed in a negative-light. This is customarily a signal to you that your case is being considered very carefully.
Never allow the complexity of your case to keep you from attempting to obtain pre-settlement loans. Complexity may imply a greater inherent-value and may increase the likelihood of obtaining a sizeable settlement loan. It will certainly be advantageous to work closely with your litigation funding expert to obtain requisite documentation as quickly as possible.
In our next article, we will provide additional information designed to assist plaintiffs in obtaining either a lawsuit loan or lawsuit funding as quickly and easily as possible. Remember, don't quit merely because the justice you seek is expensive.
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.
If You Are Considering Either A Lawsuit Loan Or Lawsuit Funding, This Guide Is For You! (Part 1)
Most plaintiffs are filing lawsuits totally unaware of the fact that they may obtain financial assistance that would enable them to continue pursuing a lawsuit rather than abandoning the claim simply because they run out of money. The funding that is available is often referred to as a lawsuit loan, lawsuit funding, settlement loan, pre-settlement loan, etc. Irrespective of the name by which it is known, this form of funding may truly be a plaintiff's lifesaver!
This guide was written to assist plaintiffs who find themselves in need of lawsuit loans. When the knowledge contained in this article is intelligently applied, plaintiffs will find that cases will proceed much more smoothly and they will also find that their financial burdens are substantially reduced, in most cases.
If you're considering financial assistance for lawsuit funding, then the first question you should ask yourself is, "Is this case one for which either a lawsuit loan or lawsuit funding may be obtained?" chances are good that you will be able to obtain such assistance if you're plaintiff who is pursuing a personal injury suit, whistleblower action, wrongful termination action, premises liability claim, slip-and-fall claim, commercial liability claim, just to mention a few.
It is important to realize that prior to obtaining either a lawsuit loan or lawsuit funding, you must retain an attorney. Although this is not always the case, it is extremely rare for pro-se litigants to obtain a subtle loan. Furthermore, if you wish to obtain the pre-settlement loan as quickly as possible, it will be necessary for you to work with your litigation funding expert to locate and submit the documents requested as quickly as possible. Any delay in obtaining the requested documentation is likely to result in a substantial delay in obtaining the financial assistance you seek. (It is important to note that in the vast majority of cases these delays are due to an operative attorney. However, attorneys are beginning to realize the significance is that this form of financial assistance for their clients and are becoming much more cooperative in this process.)
The question still remains, "Should you pursue either a lawsuit loan or lawsuit funding?" After you've asked yourself this question, consider the fact that there are many reasons one may wish to obtain such financial assistance. In the vast majority of cases, plaintiffs wish to obtain the assistance merely to be able to continue to pursue their claim. On the other hand, many plaintiffs are in such dire need for assistance to simply be able to meet financial obligations, pay utilities, put food on their tables, etc.
Straight-forward cases are customarily the easiest cases to fund. However, simply because you have a complex case should not serve as a deterrent to you in seeking financial assistance to enable you to pursue litigation. Remember, the more complex the case, the greater the likelihood of a substantial award once the case settles.
We've just scratched-the-surface in this article. In follow-up articles, we will discuss many other factors plaintiffs must take into consideration when considering either a lawsuit loan or lawsuit funding. Remember, just because your opponent is making it difficult to collect, you needn't give up the fight simply because of costs. Financial assistance may be merely days away!
Do you think a lawsuit settlement loan is right for you? Would you like to learn more about lawsuit funding? Please visit us today and you may apply online for lawsuit funding and learn more about the benefits of lawsuit funding.
This guide was written to assist plaintiffs who find themselves in need of lawsuit loans. When the knowledge contained in this article is intelligently applied, plaintiffs will find that cases will proceed much more smoothly and they will also find that their financial burdens are substantially reduced, in most cases.
If you're considering financial assistance for lawsuit funding, then the first question you should ask yourself is, "Is this case one for which either a lawsuit loan or lawsuit funding may be obtained?" chances are good that you will be able to obtain such assistance if you're plaintiff who is pursuing a personal injury suit, whistleblower action, wrongful termination action, premises liability claim, slip-and-fall claim, commercial liability claim, just to mention a few.
It is important to realize that prior to obtaining either a lawsuit loan or lawsuit funding, you must retain an attorney. Although this is not always the case, it is extremely rare for pro-se litigants to obtain a subtle loan. Furthermore, if you wish to obtain the pre-settlement loan as quickly as possible, it will be necessary for you to work with your litigation funding expert to locate and submit the documents requested as quickly as possible. Any delay in obtaining the requested documentation is likely to result in a substantial delay in obtaining the financial assistance you seek. (It is important to note that in the vast majority of cases these delays are due to an operative attorney. However, attorneys are beginning to realize the significance is that this form of financial assistance for their clients and are becoming much more cooperative in this process.)
The question still remains, "Should you pursue either a lawsuit loan or lawsuit funding?" After you've asked yourself this question, consider the fact that there are many reasons one may wish to obtain such financial assistance. In the vast majority of cases, plaintiffs wish to obtain the assistance merely to be able to continue to pursue their claim. On the other hand, many plaintiffs are in such dire need for assistance to simply be able to meet financial obligations, pay utilities, put food on their tables, etc.
Straight-forward cases are customarily the easiest cases to fund. However, simply because you have a complex case should not serve as a deterrent to you in seeking financial assistance to enable you to pursue litigation. Remember, the more complex the case, the greater the likelihood of a substantial award once the case settles.
We've just scratched-the-surface in this article. In follow-up articles, we will discuss many other factors plaintiffs must take into consideration when considering either a lawsuit loan or lawsuit funding. Remember, just because your opponent is making it difficult to collect, you needn't give up the fight simply because of costs. Financial assistance may be merely days away!
Do you think a lawsuit settlement loan is right for you? Would you like to learn more about lawsuit funding? Please visit us today and you may apply online for lawsuit funding and learn more about the benefits of lawsuit funding.
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