Settlement Advances, Claim Advances and Funding, Personal Injury Lawsuit Advances

Settlement Advances, Claim Advances and Funding, Personal Injury Lawsuit Advances: "If you're considering a Pre-Settlement Advance on your Auto Accident or Personal Injury Claim, or Advance Funding for your lawsuit, you may find these questions and answers, helpful.
Usually, your case qualifies for an advance, if: 1. The cause of the accident or injury was not your fault; 2. The other party has enough insurance coverage to pay your damages; and 3. You received a serious personal injury.


How will a cash advance help me?
What is the charge?
Do I need good credit?
Who is eligible?
What papers do I sign?
When is it paid back?
What if I lose my case?
How long does it take?
Why is an advance different than a loan?


How will a cash advance help me?
Many times, a cash advance will enable you to hold out for a larger settlement, giving the attorney time to get you the largest possible recovery. You will not be forced to take the first, low settlement offer because of financial pressure caused by the accident.
What is the charge?
The charge is 40% of the amount advanced per 6 months or portion thereof. For example if you receive a $5,000 advance you would owe us $5,000 plus an additional $2,000 for every 6 month period, or portion thereof, that passes until we are paid back.
Do I need good credit?
No. Lawyers Funding makes cash advances based on the value of the claim not on a credit rating. There is no application fee, and no job is required.
Who is eligible?
Anyone with a viable injury claim such as: a Vehicle Accident, Wrongful Death Case, Serious Injury Claim, Product Liability Claim, Premises Liability Claim, a Dog Bite, etc is eligible for a cash advance. They must be attorney represented."

You have to consider that the revocery in non-recourse - contigent upon you getting paid.