It is very challenging to pursue a case when there is lack of financial resources. Suffering from a personal injury leaves a person surrounded by heaps of financial issues. These expenses include hospital bills, surgery, mortgage payments and other living expenses. Plaintiffs need an urgent source of income in order to manage everything. A huge burden of expenses causes a situation of extreme stress and anxiety. Such personal injury cases take years to settle. It is impossible to wait for so long without having any financial backup. Having financial troubles encourages the opposition to offer the settlements very less. In order to have strong ground and fight lengthy litigations better, a firm financial backing is required.
A reputable funding company is sought in that regard. The company offers advances, both, for plaintiffs and attorneys. Plaintiffs need to manage their daily living medical expenses and to prolong the case for achieving desired settlements. Attorneys, since they are hired on contingency fee basis, need money to continue their legal practice, do the required research about the case and even manage daily life expenses as well. The advances offered are usually of two types. Pre-settlement advance and Post-settlement advance.
Pre-settlement advance as the name suggests is given before reaching a settlement. Post-settlement advance or fund is given after the case has been settled but the payoffs are yet to be received. A reliable and trustworthy company does the favour and provides funds to both, plaintiffs and attorneys.
Getting funds through the funding company is very easy as compared to the lengthy process of banks. It comes with another benefit of not worrying about low credit score and no credit checks. There are no monthly payments. No matter how low the credit score one is having he/she would get advance. The advance issued is a non-recourse advance and it has to be returned only if the lawsuit settles in favour.
The process of getting advance through a reputable funding company is very easy. Firstly an online form has to be filled to apply for advance. Once the application is approved the company sends its representative to meet the attorney of the case. The representative gets every possible information of the case. After evaluation some paper work is done. And after all the evaluation and documentation the company makes an agreement upon which the advance is issued. The entire process to get advance is solely meant to serve its users showing the sincerity and professionalism of the company.
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