A pending lawsuit loan is an advance given to a plaintiff before a legal settlement or verdict in a legal proceeding. Pending lawsuit loans are provided to a client based upon the type of case and merits of a case. These types of advances are provided by investors with an understanding if the client loses their case, they don’t have to repay the loan. If you looking at a lawsuit loan option against a pending lawsuit, contact us today.
When a person is going through the litigation process or trying to reach a settlement with the defense, they can borrow money against their lawsuit. When a person is approved for a pending lawsuit loan they will agree to pay back the money only when compensation is awarded. When the person wins their case the first party to receive compensation from the case is always the attorney. The attorney will always receive payment before the lender and the plaintiff. After the attorney receives his share of the proceeds the lender will receive payment agreed upon in the contract. The remainder of the money goes to the plaintiff.
The difference between pending lawsuit loans and post settlement loans is money is borrowed before and not after the case matures. Because the investor takes the risk of lending against an uncertain outcome they will generally charge a higher for pending lawsuit loans compared to post settlement loans.
We provide services related to both pending and post settled claims. If you are involved in a personal injury lawsuit and considering pending legal funding, contact us today. We provide an array of options for clients located throughout the United States. If you are interested in receiving money before your case reaches a settlement and agree to using your case as collateral against a pending lawsuit loan, contact us today.
We provide services throughout the United States and Canada: Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming and the District of Columbia D.C.
