Among two of the lawsuit funding method, pre-settlement
funding is the first one. And the other one is the post-settlement funding. In
this blog, we will be discussing pre-settlement funding. The definition of the
pre-settlement funding suggests that it is a non-recourse loan offered to the
plaintiff who is under pending litigation. Since the loans are non-recourse in
nature the plaintiff will have a stress free settlement process. Moreover, the
applicant can relax that there is no repayment if he/she loses the case, as
well as the loan amount, will never exceed the expected compensation amount as
the litigation funding firms do a thorough check of the court case before drafting
the loan amount.
The second version of lawsuit funding is the post-settlement
funding where the loan is offered to the litigant who has already won the case
but waiting to receive the fund from the offender. America Lawsuit Loans offers
all kinds of lawsuit funding. And the numbers of cases they fund are greater
than any litigation funding company in the USA. Hence, never wait to get pre-settlement loans if you are in need of urgent cash to pay up the bills
while you are in a lawsuit or waiting for the compensation amount.
Why Pre-Settlement Funding?
Every litigation takes some time to reach a conclusion and
if you are in a personal injury lawsuit then you may have to wait for a month
or sometimes years to receive the compensation. But in the meantime, as you are
suffering from cash shortage due to medical bills and legal bills you can have
an alternate solution in the form of pre-settlement funding. Because they are
your source of money during a court case and keeps you away from financial breakdowns.
For more details related to the post and pre-settlement funding you can check
this ISSUU article on pre-settlement funding descriptions.
