Category:Lawsuit Cash Advance

A lawsuit cash advance can be defined as a non recourse loan to a plaintiff or attorney. There are a variety of different lawsuit cash advances within the legal industry. A person may secure a lawsuit cash advance before a settlement is reached, during the litigation process or a post settlement loan while waiting for compensation to be paid.

The most common types of lawsuit cash advancements include: pre settlement funding, structured settlement payouts, commercial litigation financing & attorney funding.

The most common reasons for plaintiffs to secure lawsuit cash advances include: helping to pay down medical expenses, loss of job or wages, paying for mortgage or rent, insurance & car payments.

When an applicant applies for a lawsuit cash advance they will only be qualified if they have the representation of an attorney. They will also need to provide information pertaining to their case so the lender can evaluate the scope of the lawsuit. This information is used during the qualification process and oftentimes can give the lender a better idea of the full value of the case. If the person qualifies for a lawsuit cash advance they can receive cash the same day of the approval process.