Monday, December 31, 2018

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.

Monday, December 3, 2018

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.