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Showing posts from March, 2023

What are the benefits of lawsuit funding?

What is lawsuit funding? The term "lawsuit funding" is also called "lawsuit loan," "settlement loan," "litigation funding," "lawsuit cash advance," etc., and it’s important to realise that this form of funding is not an actual loan. The lawsuit funding company will only advance approximately 10–15 percent of the anticipated award of the underlying lawsuit. A lawsuit settlement loan is used to refer to advance funding arrangements as well as borrowing; the legal structure and responsibilities for the two types of arrangement differ. A settlement advance or lawsuit settlement loan is for those who are victims of personal injury, such as in a traffic accident or from medical malpractice. You might have to wait months or even years before you actually go to trial and receive a settlement. It is also needed by lenders and specialized finance companies that sometimes offer cash to plaintiffs in personal injury suits and civil discrimination s...