Legal funding

"Pre-settlement loans are the newest method in making the frightening prospects of a negligence trial less so."

Getting a pre-settlement loan is the only realistic remedy available today that can assist in financing the expenses that continue to arise as a case in the justice system works itself out. Pre-settlement loan companies can provide an advance on an expected award, quickly and completely confidentially.  These companies have become a necessity given the constant struggles average Americans face in getting a fair shake in the current justice system everyday.  Hard working individuals that were injured as the result of corporate negligence will have to face time consuming trials, followed by lengthy and hopeless appeals by the corporation that wronged them.  In these cases, the defendants, their high priced attorneys, the insurance companies that finance the whole thing all know that they will eventually have to pay.  Their goal is to make the process as long and painful as possible because they hope to use the negligence victim's financial distress and pressure against them.

For way too long, this happened with aplomb and without any good countermeasure.  The system of appeals and checks and balances that make our justice system great is used against the people that the system was designed to protect and their was nothing that could be done.  The fact was that corporations just weren't under the same pressures that individuals were and they exploited this as best they could.  Individuals who were injured on the job may have been looking at incredible amounts of medical bills, lost income, and housing, food, and childcare expenses that didn't cease to await the results of a trial.  Pre-settlement loans are the first solution that actually level the playing field because they put individuals in a position to not feel financial pressure and thus be able to battle their case as effectively and efficiently as possible. 

"Pre-settlement loans are available quickly, those that are trying a case and encounter an emergency no longer need to take the first settlement so they can pour all of their attention into everyday life."

Simply put, pre-settlement loans allow individuals the chance to borrow against an expected award.  Someone submits the facts of their case to a third party that specializes in providing pre-settlement loans.  They consult with the plaintiff's attorney and the plaintiff to determine what is realistically achievable in a settlement or at trial.  The money from a pre-settlement loan can be used for any purpose.  Medical bills can be paid down, legal fees can be handled, credit card debt can be paid off instead of having to force people to pay interest for years and years.  There are thousands of people who avoided bankruptcy because a pre-settlement loan allowed them to address their expenses rather than being forced to ruin their credit. 

Pre-settlement loans are a very recent phenomenon.  As more and more negligence cases dragged on and the potential awards got larger, the system was becoming more and more tilted against the individuals that were ostensibly the victims.  Banks weren't allowed to loan money based on a perceived legal victory, nor were attorneys.  Pre-settlement loans are allowed because if the case loses they don't need to be repaid.  The firm that provides the pre-settlement loan assumes all of the risk.  When the case wins, the amount of the pre-settlement loan is paid back with interest, but if the case is unsuccessful their isn't additional debt facing the plaintiff.  There is a lot that needs to be changed about the civil court system, but pre-settlement loans are making the process less painful for thousands of Americans each year.