Top Rated Lawsuit Funding Companies
Accidents and illness occur when you least expect it. When life spirals out of control, it’s nice to have a support system. Having a loving family can help you through a tough time.
Unfortunately, when tragedy strikes, the family can’t always help financially.
If you’re out of work and have a lawsuit, the stress of bills and waiting for a settlement payout decreases your quality of life.
But what if there’s a solution to your money troubles? Using lawsuit funding is an option for helping you through the unavoidable waiting period as your case settles.
Unsure about lawsuit funding and how to get it?
Here’s everything you need to know about the top-rated lawsuit funding companies, and how to decide which one is right for your case.
What is Lawsuit Funding?
Lawsuit funding is the distribution of a loan to a client with a lawsuit, an attorney and pending settlement payment.
The approval of a pre-settlement or settlement loan stems from the likelihood of the case settling in the client’s favor.
Pre-Settlement Loans or Settlement Loans
Pre-settlement or settlement loans can help a client enduring financial hardships while involved in a lawsuit. Some lawsuits last for several years. If the case is going to settle the wait for payout is taxing. So pre-settlement loans may help make ends meet.
The Benefits of Lawsuit Funding
Pre-settlement loans assist both clients and attorneys during lengthy lawsuits. They offer many benefits such as:
- Don’t have to repay the loan if your case loses (Non Recourse Funding)
- Help with daily living expenses (rent,clothing, gasoline, groceries, or transportation)
- Help pay down bills (medical, mortgage and utilities)
- Rebuild savings
- Usually is repaid once the case settles
When facing mounting bills, medical treatments, and a family to support the benefits of a settlement loan can make any client consider applying.
The Type of Cases Covered By Lawsuit Funding
When thinking about applying for lawsuit funding, do some research. Find out if your type of case is eligible for lawsuit funding. Sure, each application gets viewed on a case by case basis. But if your type of lawsuit doesn’t meet the prerequisites, it may end up wasting your time. The good news is most cases are eligible for lawsuit cash advance loans.
Some of the types of cases eligible for a pre-settlement loan are:
- Clergy Sex Abuse Lawsuits
- Medical Malpractice Lawsuits
- Personal Injury (Amputation, Assault and Battery, Auto Accident and Fatal Auto Accident)
- Police Brutality Lawsuits
- Wrongful Termination Lawsuits
- Roundup Cancer Lawsuits
- IVC Filter Lawsuits
- Hernia Mesh Lawsuits
- Essure Lawsuits, etc.
If you’re unsure about your case’s eligibility, contact the lawsuit funding company and speak with a representative.
Use Caution When Choosing a Lawsuit Funding Company
Not all lawsuit funding companies are equal. Use good judgment when selecting a lawsuit funding company. Be wary of lawsuit companies that don’t appear legitimate. Some red flags of shady lenders are:
- Guaranteed Approval
- No Lawsuit Necessary
- No Attorney Needed
- No Reviews or Testimonials
- Lack of Positive Online Presence
- Poor Contact Information
When a potential lender guarantees an approval this should make you pause. No reputable loan company will guarantee approval. Each applicant should get screened. Each case needs to be verified and reviewed. If a company promises you’ll receive money, it is probably a scam.
The reason for applying for a pre settlement loan is because you have a pending case nearing a settlement. No legitimate lender gives out free money for no reason.
Submitted signed documents from an attorney is part of the settlement loan process. Representation by a lawyer is mandatory for receiving lawsuit funding.
A business website without testimonials doesn’t command a professional look. If a company’s website lacks reviews or testimonials this is worrisome.
Whether a business is large or small, having a positive online presence is important. If you find more negative than positive comments about a lender, you may want to pursue other options.
All companies need customer service representatives. If you are struggling to find a contact phone number or email address, then move on.
Some of The Top Rated Lawsuit Funding Companies
Lawsuit funding companies are a successful industry that continues to grow. When searching for the best pre-settlement loan companies consider the best.
Lawsuit Cash 911 offers their clients the peace of mind that comes with paying down debts. We offer a quick and free online application. You can receive lawsuit funding in as little as one day. Plus, you pay us nothing if you don’t win or settle your case.
With loan amounts ranging from $1,000 up to $500,000 and professional staff members, you see why our customers are satisfied.
Fair Rate Funding
Fair Rate Funding specializes in helping personal injury applicants. Clients receive their payments within 24-48 hours after approval.
The minimum payment is $500, but there isn’t a set maximum.
Mayfield Settlement Funding
Mayfield Settlement Funding handles a variety of pre-settlement cases. Their loan payment scale starts at $500 and ends at $250,000.
But they do offer same day approval payments.
Nova Legal Funding
Nova Legal Funding focuses on personal injury claims. The applicant’s settlement loan interest rate depends on the strength of the case. If your case is strong, then your interest rates will remain low. Low rates are good since their payments range from $500 to $2,500,000.
High Rise Financial
High Rise Financial specializes in personal injury claims, automobile accidents, and medical device malfunctions. Although their payments range from $500 to $100,000, which is lower than other lenders, applicants may receive their cash within 24 hours.
Make Your Choice
Now that you know the steps for finding the best lawsuit funding companies, why not invest in the best? If you’re struggling to pay your bills until your case concludes give us a try.
Contact us today to speak with a representative about how to qualify for a settlement loan.
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