LITIGATION LOAN
A litigation loan doesn’t need to be paid back if a negligence case loses
There can be a long delay between when negligence occurs and when a settlement is reached in a civil case. Of course, all court cases take time, but until most people are in the situation battling against insurance companies and their attorneys it's hard to grasp how long it takes to be financially compensated. What's even harder to fathom is how high expenses can get over time. Litigation loans are a necessity because it can be months or, more likely, years before a settlement or award for medical bills, lost income, or attorneys fees are ever seen.
The justice system has a lot of checks and balances, which is good, but can prove a detriment to the average person who is struggling with the results of the negligence of someone else. Litigation loans have been able to stave off bankruptcies and have prevented people from losing their homes. Regardless of how likely it is that someone will win their court case, bills must still be paid. The problem is that the insurance companies have no interest in paying quickly and can hope to delay matters enough to strike a more favorable deal. Financial pressure is incredibly strong and without some kind of leverage it's very difficult to stop. Litigation loans can be used for any cause. A strong case can't pay off five or six figure medical bills. Certainty of victory can't replace a year's worth of missed income. All of these factors will make an individual settle in order to get something quickly.
Litigation loans are designed to undo the unfairness present in the courts today
Litigation loans can put people on an equal footing and take away the biggest advantage that the insurance companies and their lawyers have. AM Legal Funding is one of the leading and most respected sources of litigation loans. Their team of experts have handled thousands of these cases and will work directly with the plaintiff and their attorney. An accurate estimation of what can be expected in a settlement or award results in higher litigation loans. Even better, anyone involved in this type of case can inquire about the terms and see if they are approved without any obligation. No one is under any expectation of accepting litigation loans, but many people need them.
Unlike the legal system, AM Legal Funding moves quickly. Decisions are made within a week and the money is usually available within 72 hours. Even further in guaranteeing security is the fact that if the case loses for any reason, litigation loans don't need to be repaid. In this way, they are not loans similar to the kind one would get at a bank. AM Legal Funding assumes all of the risk and is not looking to add to the costs that a plaintiff would incur if their negligence case proves unsuccessful for any reason. Litigation loans are relatively new, but the industry is quickly growing in popularity. As this occurs, negligent companies and their attorneys are forced to be ore straightforward with people much to their chagrin. Not everyone who is the victim of negligence needs litigation loans. For those that don't, the industry is still increasing the average settlement rate. For those that do, litigation loans can be the difference between maintaining the same standard of living and not.
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