Pre-Settlement Funding For Plaintiffs
Often personal injury victims and other lawsuit plaintiffs have to wait a long time for their cases to settle or go to trial. Discovery, motions, and delays can prolong the time they must go without monetary relief for their injuries. During this time, bills may pile up, including medical and housing bills. This is especially true for personal injury lawsuit plaintiffs, who may have suffered incapacitating injuries which make it difficult or impossible for them to work. This need to pay bills while waiting for their lawsuits’ resolution works against lawsuit plaintiffs.
Waiting can lead to a lower settlement. If they have no other means of securing rent or mortgage money and face eviction or foreclosure, or if they need an operation and cannot pay for it because they have no health insurance, plaintiffs may sometimes be forced into accepting a lower settlement than they deserve. Meanwhile, on the other side, lawsuit defendants can afford to wait, and even prefer it.
Fortunately, plaintiffs have a solution to help bridge the gap in some situations. Plaintiff lawsuit funding allows plaintiffs to wait longer and receive fair settlements or awards. In essence, pre-settlement funding for plaintiffs levels the field for plaintiffs against “deep-pocketed” defendants such as doctors, hospitals, corporations, and insurance companies. No longer do plaintiffs have to settle for less. By enabling plaintiffs to wait, plaintiff lawsuit funding enables plaintiffs to get the money they need to pay their expenses and also to provide recompense for the wrongs that were done to them.
Plaintiff Funding Is Non-Recourse
Perhaps the most attractive feature about plaintiff funding is that it is non-recourse. This means that if plaintiffs do not win or settle their cases, they owe their plaintiff funding company nothing. Plaintiffs can secure non-recourse plaintiff funding even without good credit. Plaintiff funding companies advance money to individuals to whom banks might not provide loans. Banks typically do not issue loans to people who have only a prospective amount of money coming to them, rather than a certain source of income. That’s where plaintiffs funding companies can help make the difference.
It is important to deal with a reputable plaintiff funding company when looking for pre-settlement plaintiff lawsuit funding. LawCash, an industry leader and founder of ALFA (American Legal Finance Association), is one such company. For more information about plaintiff lawsuit funding, visit the ALFA or LawCash website.
