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.