Lawsuit Funding and Settlement Loans: Why Is It Taking So Long?

A large percentage of our clients ask, “How long does it normally take to receive lawsuit funding and settlement loans.” Those who have requested pre-settlement loans from other companies prior to coming to us ask, “Why does it take so long to obtain lawsuit loans?” Truthfully, the answer to that question hinges principally on both the clients and their attorneys. In those instances in which both clients and their attorneys are cooperative, the process is usually very fast.

Many of the funding-entities that offer lawsuit loans suggest that their clients will only be required to submit a one-page application. This is nonsense! These funding-entities fail to inform the applicants that the length of time it takes to obtain pre-settlement loans will be determined by the length of time it takes for the clients’ attorneys to provide the requested documentation. Why not expedite the process by involving the client? After all, the attorneys represent and work for the clients, not the funding-entities. Furthermore, most clients want their lawsuit funding and settlement loans yesterday!

The vast majority of individuals who have obtained pre-settlement loans know quite well that no lawsuit loans will be advanced prior to procuring requisite documentation. Credible lawsuit funding companies are will provide neither lawsuit funding nor settlement loans before receiving information clearly setting-forth the facts of the case, the jurisdiction in which the lawsuit was filed, the amount of damages pursued, costs incurred, etc.

Fortunately, most lawsuit settlement entities provide ample notice to their clients that merely submitting a one-page application is not going to expedite application-processing of their applications. While it is true that one-page applications simplify the process, it is merely a ruse intended to capture the client, with little regard to the clients’ needs. It invariably takes much longer to procure necessary documents from legal representatives when the applicants are not involved. The most prudent course of action is to involve the clients early in the process. This will very likely decrease the amount of time required to obtain pre-settlement loans.

Funding-entities offering lawsuit funding and settlement loans that encourage their client to merely submit one-page applications do a disservice to their clients and are merely seeking to advance miniscule amounts at high rates, irrespective of the clients’ needs. Naturally, it does not require much effort to determine whether a lawsuit is worth a lawsuit loan of only $100. However, those clients who seriously need substantial lawsuit loans (e.g., $100,000) would be wise to work only with reputable litigation funding experts to obtain their pre-settlement loans as quickly as possible. There is absolutely no conceivable scenario in which a one-page application will suffice.

Furthermore, bona fide litigation funding experts who offer lawsuit loans will make it unmistakably clear what issues are involved in procuring the lawsuit loans their clients seek. Although some cases may receive advances within 24-72 hours, this is the exception rather than the rule.

Individuals who are serious regarding pursuing and receiving lawsuit funding and settlement loans would be judicious in selecting those lawsuit funding experts with whom they are able to work alongside to obtain the necessary records as quickly as possible. Furthermore, credible litigation funding experts are more than willing to assist their clients in understanding what it is that they must know to obtain the lawsuit loans they seek.

There can be no doubt that lawsuit funding and settlement loans often prove very helpful for individuals who pursue pre-settlement loans. To augment the benefit of the funding, individuals who pursue lawsuit loans are best-served by litigation funding experts who work efficiently to ensure that their clients comprehend what is required to receive lawsuit funding and settlement loans.

A large percentage of cases result in individuals receiving an answer to the request for pre-settlement loans within one week of the date on which the application-packet is completed. Of course, this presupposes an acceptable-level of cooperation between litigation funding experts, clients, and their attorneys.

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 settlement loans.