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  • Actual for You - How The Plaintiff Funding Process Works

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    These advances are offered as non-recourse funding, which means that the plaintiff has no obligation to repay if the lawsuit is lost. Similarly, if the ultimate settlement is smaller than anticipated, the amount that must be repaid

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    If you are the plaintiff in a lawsuit or legal claim, you know it may take several months or years to settle your case. If your ability to work is hampered or your bills are unable to be paid, Plaintiff funding might be an important option for you.

    The first step in Plaintiff Funding is for the plaintiff to contact a lawsuit funding company, often at the suggestion of their attorney. Based upon that information provided, the funding company estimates the value and likelihood of an eventual settlement, and offers a cash advance to the plaintiff based upon that estimate. The fee typically is a monthly charge that accrues each month the advance is outstanding. When the case settles, the advance and associated fees are paid to the funding company.

    Funding advances generally are approved for about 10% of what your attorney may think your case will settle for. Therefore, most Funding Companies will offer pre-settlement advances in amounts between $500 and $25,000. Funding companies will generally charge a fixed cost between 2% - 8% monthly, depending on the information provided on the plaintiff's specific case. This whole process often takes between 2 and 15 business days to get your money from your initial contact.

    These advances are offered as non-recourse funding, which means that the plaintiff has no obligation to repay if the lawsuit is lost. Similarly, if the ultimate settlement is smaller than anticipated, the amount that must be repaid

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    r the plaintiff to contact a lawsuit funding company, often at the suggestion of their attorney. Based upon that information provided, the funding company estimates the value and likelihood of an eventual settlement, and offers a cash advance to the plaintiff based upon that estimate. The fee typically is a monthly charge that accrues each month the advance is outstanding. When the case settles, the advance and associated fees are paid to the funding company.

    Funding advances generally are approved for about 10% of what your attorney may think your case will settle for. Therefore, most Funding Companies will offer pre-settlement advances in amounts between $500 and $25,000. Funding companies will generally charge a fixed cost between 2% - 8% monthly, depending on the information provided on the plaintiff's specific case. This whole process often takes between 2 and 15 business days to get your money from your initial contact.

    These advances are offered as non-recourse funding, which means that the plaintiff has no obligation to repay if the lawsuit is lost. Similarly, if the ultimate settlement is smaller than anticipated, the amount that must be repaid

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    pically is a monthly charge that accrues each month the advance is outstanding. When the case settles, the advance and associated fees are paid to the funding company.

    Funding advances generally are approved for about 10% of what your attorney may think your case will settle for. Therefore, most Funding Companies will offer pre-settlement advances in amounts between $500 and $25,000. Funding companies will generally charge a fixed cost between 2% - 8% monthly, depending on the information provided on the plaintiff's specific case. This whole process often takes between 2 and 15 business days to get your money from your initial contact.

    These advances are offered as non-recourse funding, which means that the plaintiff has no obligation to repay if the lawsuit is lost. Similarly, if the ultimate settlement is smaller than anticipated, the amount that must be repaid

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    , most Funding Companies will offer pre-settlement advances in amounts between $500 and $25,000. Funding companies will generally charge a fixed cost between 2% - 8% monthly, depending on the information provided on the plaintiff's specific case. This whole process often takes between 2 and 15 business days to get your money from your initial contact.

    These advances are offered as non-recourse funding, which means that the plaintiff has no obligation to repay if the lawsuit is lost. Similarly, if the ultimate settlement is smaller than anticipated, the amount that must be repaid

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    usiness days to get your money from your initial contact.

    These advances are offered as non-recourse funding, which means that the plaintiff has no obligation to repay if the lawsuit is lost. Similarly, if the ultimate settlement is smaller than anticipated, the amount that must be repaid never exceeds the amount of the plaintiff's share of the settlement.

    Pros

    No upfront fees or application cost
    Receive money now - before the settlement
    No credit check, no employment, no payment
    Pay nothing unless you win

    Cons

    You must have your attorneys authorization
    You must have an eligible type of case
    Monthly fees are generally high due to risk

    Given the fees involved in Plaintiff funding, it is important to review and consider all other funding options before proceeding with Plaintiff funding. But if your case is dragging on, you're unable to work, you have reduced income, or you are incurring other expenses associated with care or disability, it may not be possible to wait until the end of the lawsuit before obtaining funds.

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