Brief Account of Pre Settlement Funding

Lawsuits are time consuming as well as expensive. Getting your day in court can take, sometimes even years. If you suffered an injury or a loss, chances are, you will need money to cover expenses such as utilities, rent and medical bills. Until you get the money from the settlement, you need to find a way to pay for these bills on your own.

Pre-settlement funding is when a company provides the plaintiffs with the money in exchange for a portion of the future settlement amount. Also known as a lawsuit advance, gives claimholders the access to money before their case is settled so they can pay for expenses mounting during the legal process. The company advancing this money generally requires documentation, including the related medical records information from the attorney tackling your case.

Are Litigation Advances Loans?

There are split opinions about whether to consider litigation advances loans. The legal implications are based on both the funder and the consumer. Some states consider the arrangements to be investments where the usury laws apply.

The common types of cases which are eligible for pre settlement funding involve:

• Personal Injury
• Product Liability
• Wrongful Death
• Motor Vehicle Accidents
• Medical Malpractice
• Premises Liability
• General Liability

Lawsuit settlements are undoubtedly valuable assets. Depending on the nature of the lawsuit and individual circumstances, this financial option often seems to be a better alternative to personal loans.

The following are the main reasons why this financial settlement has grown popular amongst plaintiffs:

• Faster funding
• Legal funding experts
• No monthly payments
• Simple funding process
• No upfront fees are needed
• Low cost settlement funding available
• No credit check is required

The plaintiffs who are trying to make their ends meet will need resources to carry on before they are awarded with the settlement money. Be it the personal injury or mass tort lawsuits involving defective medical devices or pharmaceuticals, the result for the lawsuit takes time. Committed to providing strategic financing solutions to those who need it, elevant.finance is a trusted name. Visit http://elevant.finance/ to know more.

4 Reasons Why Litigation Finance Matters

The concept of litigation funding has been growing in importance in recent years. Understandably, the concept involves a specialist funder financing where it includes some or all of the claimholder's legal fees incurred in a dispute. Once the case turns out to be successful, the cash lender will recover their investment.

Here the four main reasons why claimants should think of funding their legal needs:

• Fighting against strong opponent

If you are claiming as an individual person against big pharmaceutical corporation or likewise, you might be at the risk of losing all your assets as these firms have deep pockets along with experienced lawyers. With huge financial upper hand, it is difficult to get into the end of the cases without proper support and funding.  With litigation finance, you don't pay anything even if your claim is lost.

• When you don't have enough money to go to the court

The long running claims can lead to a major financial retard where the only way to get out of it is through legal funding.

• Are you looking to offset the time?

No matter what the financial circumstances are, any business can benefit from the litigation finance. Few businesses have the resources - financial and human to pursue the claims. The funding allows the businesses to improve their asset evaluation without involving any risk or cost.

• Join up to share cost and risk for low level claims

It is often difficult to get funding for small sized claims. As most funders work on heavy multipliers, there are often disputes in getting lenders for a claim which have a low potential for settlement. But when you with several others file for a similar case, or as is called class action, there is a better chance of persuading to get the funds.

Based in South Florida, Elevant Finance Group LLC is a trusted finance firm which offers secured funding to plaintiff law firms, pre-settlement advances to claimholders, service providers and more. Their idea is to help those who have been affected adversely by defective medical devices, pharmaceuticals and other accidents and help them win compensation and medical malpractice claims. Visit http://elevant.finance/ to know more about the services and get expert opinion on your need.

Need For Pre Settlement Funding

When you get a cash advance against a lawsuit that has not yet been settled, it is referred to as pre settlement funding. It is often one of the most popular ways of looking for emergency cash to cover the basic living expenses or medical bills while awaiting a pending lawsuit to settle.

 Any legal funding is based on the quality of the pending lawsuit claim.

Generally, there the process takes just a few minutes to complete and request the funding. As a plaintiff, all you need to do is fill up the application and the rest is taken care of by the solution providers.

It is important to understand that the fund providers are not bank. They do not generally check the credit history or the employment records but is based solely on the quality of the lawsuit. They also do not look into the current financial situation.

As a plaintiff, if you have applied for the pre settlement funding, notify your attorney immediately. Instruct and authorize to release the required documents so that the providers can fully evaluate the application.

Benefits

You don't need to pay any fees to get the money is the foremost advantage of the funding. Additionally, you can use the lump sum for any of your purpose like rent, food, bill payment or mortgage. It often so happens that the injury prevents from working full time or might reduce the capacity of earning. This is when the funding becomes absolute necessary. You can thus meet the financial obligations without much pain and struggle.

Types of Cases that need pre settlement funding:

• Personal Injury

• Product Liability

• Motor Vehicle Accidents

• Medical Malpractice

• Wrongful Death

• Premises Liability

• General Liability

Elevant Finance Group LLC is a trusted name in the field of funding solutions for small businesses, law firms or consumers. Their solutions fund the pursuit of justice for those plaintiffs and lawyers who are involved in mass tort or personal injury matters. Visit http://elevant.finance/ or dial 855-240-0246 to know more about the solutions they can offer.