Q: Is good credit necessary?
A: No, the cash advance is not based on credit history, unless there is
a pending bankruptcy. The advance is based on the merits of the case
Q: Does the process take long?
A: No, on average the process takes less than one week, and once
the case documents are received we can provide cash within 48
hours. This assumes we obtain all the required supporting
documentation for underwriting purposes.
Q: Is this legal?
A: Yes
Q: On what types cases will you provide a cash advance?
A: We will provide funding on more than 28 different types of liability
cases
Q: Is the defendant's insurance company notified?
A: No, the only parties who know about the transaction are the
Plaintiff, their attorney handling their case.
Q: How much can be advanced to a Plaintiff?
A: It is important for all parties that the plaintiff does not ask for too
much on the case. This could make it difficult to settle if too much of
the money is being used to pay off the advance. For this reason, this
typically limits the advance to 10-15% of the projected case value.
Q: How would this help the Plaintiff get more money from their case?
A: Often the defendant of their insurance company will attempt to
settle the case early by offering the plaintiff far less than what the
case may actually be worth. This is because settling the case often
allows the defendant to save money; both in the litigation expenses
and in the amount they pay out to the plaintiff. Also, litigation can
sometimes take months or even years to resolve, but in the mean
time, depending on the severity of the plaintiff's injury, the plaintiff
may need money sooner to help pay medical bills or day-to-day living
expenses, so the plaintiff may feel pressured to take an earlier (and
often less) settlement. With a cash advance, this eases the immediate
financial needs of the plaintiff and allows their lawyer to continue to
fight their case for a fair award.
Q: How is the Cash Advance repaid?
A: The cash advance is repaid from the proceeds of the case
settlement, and is paid at the same time that the proceeds of the claim
are paid out.
Q: What if the plaintiff loses the case?
A: 100% of the risk is taken with advancing cash to the plaintiff. If the
plaintiff loses the case, then they do not owe anything.
A: No, the cash advance is not based on credit history, unless there is
a pending bankruptcy. The advance is based on the merits of the case
Q: Does the process take long?
A: No, on average the process takes less than one week, and once
the case documents are received we can provide cash within 48
hours. This assumes we obtain all the required supporting
documentation for underwriting purposes.
Q: Is this legal?
A: Yes
Q: On what types cases will you provide a cash advance?
A: We will provide funding on more than 28 different types of liability
cases
Q: Is the defendant's insurance company notified?
A: No, the only parties who know about the transaction are the
Plaintiff, their attorney handling their case.
Q: How much can be advanced to a Plaintiff?
A: It is important for all parties that the plaintiff does not ask for too
much on the case. This could make it difficult to settle if too much of
the money is being used to pay off the advance. For this reason, this
typically limits the advance to 10-15% of the projected case value.
Q: How would this help the Plaintiff get more money from their case?
A: Often the defendant of their insurance company will attempt to
settle the case early by offering the plaintiff far less than what the
case may actually be worth. This is because settling the case often
allows the defendant to save money; both in the litigation expenses
and in the amount they pay out to the plaintiff. Also, litigation can
sometimes take months or even years to resolve, but in the mean
time, depending on the severity of the plaintiff's injury, the plaintiff
may need money sooner to help pay medical bills or day-to-day living
expenses, so the plaintiff may feel pressured to take an earlier (and
often less) settlement. With a cash advance, this eases the immediate
financial needs of the plaintiff and allows their lawyer to continue to
fight their case for a fair award.
Q: How is the Cash Advance repaid?
A: The cash advance is repaid from the proceeds of the case
settlement, and is paid at the same time that the proceeds of the claim
are paid out.
Q: What if the plaintiff loses the case?
A: 100% of the risk is taken with advancing cash to the plaintiff. If the
plaintiff loses the case, then they do not owe anything.
Litigation Financing FAQs
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