A person suffering from a personal injury can wait months, or even years, for pending litigation to reach a settlement. This has caused many settlement funding companies to offer their services to people in need of immediate financial care while waiting on their cases to be settled. There are many aspects to a lawsuit that can slow the process down and further increases the stress and burden of being out of work due to an injury. Lawsuit advance funding offers monetary relief to individuals stuck waiting for the courts to settle their cases. An advance is based on the amount of proceeds anticipated once litigation has been resolved.
Is a Lawsuit Advance Right for You?
This question plagues a lot of people that are not familiar with lawsuit advances. While suffering from personal injuries, people lose their income and reach a point where they are no longer able to provide for their loved ones. The pace of life does not slow down for those unable to work due to injuries. A lawsuit advance is a positive choice for those that need money now, based on the outcome of their settlement. Expenses do not stop on a daily basis due to personal injury, if anything they increase with added medical expenses. An advance on your settlement can ease financial burdens and make it easier to take care of living expenses while you wait for your settlement.
What Are the Responsibilities of Settlement Advance Funding Companies?
A lawsuit advance is not a loan. Prominent settlement funding companies operate with no recourse on any of their lawsuit advances. What this means to a client is simple; if you lose your case you are not responsible for paying back any of the money that was advanced to you. A settlement funding company does not take your case to court or have anything to do with court proceedings. The need to contact your attorney is due to the necessity for preliminary information about a settlement reached in court. They are not involved in any decisions made by your attorney.
Resolution Funding Group, LLC offers lawsuit advance funding for clients that need financial assistance. Contact them today for further information about how they can help.
