PRE SETTLEMENT LOANS
Pre-settlement loans can help with cases of all size, from huge class-action suits to a smaller slip and fall case. Regardless of size, pre-settlement loans will help reduce financial pressure
The odds of successfully trying a case against large corporations and their insurance companies are stacked against the average person. No matter how blatant a negligence case may appear to be, the case will drag on. There is no such thing as an open and shut case. As this is going on, the average person who has access to pre-settlement loans will have a better chance than the same person who doesn't. The entire process becomes maddening as someone has medical bills constantly accruing as they are trying to simply recoup what they've lost against the entity that was negligent against them. The person that has missed work and lost income is counting on a settlement and may be so desperate that they are willing to take any settlement to address their financial burdens. Having pre-settlement loans at one's disposal can make it so that someone doesn't feel that financial pressure and they can focus on the case instead.
The problem is that in the course of a drawn out negligence case, the opposition attorneys are aware that if they make the average person wait longer than they can imagine for the money, they'll likely take less than they should. And even if the person doesn't, the insurance company and the law firms have nothing to gain by settling fairly or quickly. The providers of pre-settlement loans feel this is a miscarriage of justice and are trying to do everything possible to minimize the amount of pressure that negligence victims absorb.
The American justice system is supposed to protect the little guy, but it has failed. Pre-settlement loans are trying to fill in the cracks
Pre-settlement loans are a pretty new concept and have been supported by the plaintiff attorneys that realizes the amount of pressure that individuals may be under after their life is turned upside down by the carelessness and maliciousness of someone else. Certainly, pre-settlement loans are quickly leveling the playing field much to the chagrin of defense attorneys and insurance companies. Pre-settlement loan companies do all of the work.
They consult with the plaintiff's attorney to honestly assess the case. The pre-settlement loan is quickly made available based on the expected settlement that someone is likely to receive if the case is seen all the way through. Once it's provided, the plaintiff only needs to worry about proving the negligence to the court and winning the case rather than also considering how to pay the bills and keep food on the table. That is a benefit to the individual, but the pre-settlement loan industry has helped everyone who is suing based on injuries suffered as a result of negligence. Pre-settlement loans have helped increase awards across the board for everyone as insurance companies and defense attorneys have realized their tactics aren't as effective anymore. Pre-settlement loan firms have also assumed all risk associated with the case from that point forward. If there is no settlement or award, the money is never repaid. Pre-settlement loans aren't like traditional loans, there is no collateral and there is no debt accrued. Once a case is successful, the pre-settlement loan is paid back with interest. The battle that was completely uphill is beginning to level.
Go back to the homepage of Legal funding
