The Court Of Public Opinion

Lawsuit cash advances can be confusing especially for someone who was recently introduced to the concept. What is a lawsuit cash advance? Do I need lawsuit cash advance? How do I get funding for my lawsuit? When I am approved for lawsuit cash advance, do I have to pay back the money? If I am denied funding does it mean that I do not have a good case? These are all very good questions and the following text will answer these questions and more.

What is lawsuit cash advance?
A lawsuit cash advance is not a ?loan? at all but rather it is a cash advance based upon the merits of a lawsuit that provides a plaintiff with sufficient funding to reach the conclusion of the case when the plaintiff will receive his/her fair share of the settlement or verdict. Lawsuit cash advance companies invest in the lawsuit itself as opposed to advancing money to the plaintiff in the form of a loan. A lawsuit cash advance is not based on a plaintiff?s prior credit or bankruptcy status. Other terms used for this type of funding include: lawsuit loan, litigation finance, litigation loan, lawsuit funding, lawsuit finance, litigation cash advance, case loan, case cash advance, plaintiff cash advance, litigant funding, pre-settlement loan, pre-settlement lending, pre-settlement cash advance, etc.

Do I need lawsuit cash advance?
Lawsuit cash advances should not be a substitute for your settlement but rather a raft that helps you stay afloat while your attorney fights for you. Too many plaintiffs apply for a lawsuit cash advance with the belief that a lawsuit cash advance is simply a different way to get their settlement money. Assuming you win your case, the amount owed to the lending company varies greatly depending upon the length of time between the date of the advance and the date when you receive the settlement/verdict money. You should exhaust other means of funding first. Also, a good guideline to use is that lawsuit cash advance companies generally advance up to 10% of the estimated settlement amount. There are some good internet sites that give more background on lawsuit cash advances. Some good sources of information are The Funding Exchange (www.TheFundingExchange.com) and Expert Law (www.expertlaw.com).

How do I get funding for my lawsuit?
Lawsuit lending companies have popped-up all over the country. Some tout their ?low interest rates? or how they are the most lenient when it comes to approving lawsuit loans. For every 1 respected lawsuit lending company there are 3 that will do anything to charge plaintiffs random penalties that make no sense. These penalties help to offset their ?low interest rates? and many times end-up costing the plaintiff more of their settlement. A good option is The Funding Exchange (www.TheFundingExchange.com). The Funding Exchange is a network of the most respected lawsuit lending companies in the industry. You complete one application on The Funding Exchange and your application is intelligently routed to the best lending companies for your specific situation.

If I get a lawsuit cash advance, do I have to pay back the money?
Almost all lawsuit financing companies give non-recourse funding to plaintiffs thus requiring the plaintiff to pay back the advance and fees/interest only upon a favorable decision in the case. If the case is lost then you can keep the cash advance with no obligation. If you win your case then part of the settlement amount will go towards repaying the cash advance plus interest and fees. The amount owed to a litigation finance company increases the longer that your case takes to settle so keep that in mind.

If I am denied funding does it mean that I do not have a good case?
The simple answer is ?no.? Being denied for a lawsuit cash advance does not mean that your case is not a good case or that you will actually win less money than you think. There are many different reasons why funding is denied. One reason is that the estimated settlement date is too soon. Litigation finance companies make money by accruing interest on their investment in your case. If your case is supposed to settle in 2 months then a litigation finance company will not make any money because the settlement date is too soon and therefore they may decline the funding request. Other reasons for denying lawsuit loan applications include: attorney will not provide documentation, attorney will not sign contract, plaintiff demands too much money, etc.

Conclusion
As a plaintiff, you should understand lawsuit cash advances and the process of securing a lawsuit cash advance before you apply. If your expectations are set correctly and you proceed with a lawsuit cash advance then you will find that it is a saving grace in the turbulent world of litigation. If you apply for a lawsuit cash advance without an understanding of litigation finance then you may be disappointed.

About the author:

Tony Perkins is the founder and president of The Funding Exchange (http://www.TheFundingExchange.com) which connects the top lawsuit lending companies in the country to people in need of a lawsuit loan. The Funding Exchange is not a lawsuit lending company but rather it is an independent 3rd party company that routes a high volume of applications every day to its network of lawsuit cash advance companies.

In recent years people who have been involved in personal injury accidents have discovered that they can receive a lawsuit cash advance against the proceeds they ultimately receive from a personal injury accident settlement. For the person who is injured enough from an accident so as to be unable to work and earn a living, a lawsuit cash advance can provide a very timely financial solution to the cash flow problems the person may currently face. Nevertheless it is always wise to know beforehand what a person is getting themselves into before they apply for a lawsuit cash advance.

A lawsuit cash advance is not a loan but a participation in a personal injury legal settlement. If the injured victim who receives the lawsuit cash advance for whatever reason doesn?t receive a cash settlement from their case, they owe nothing and the company that provides the lawsuit cash advance receives nothing. This means that, like any underwriter, the provider of the lawsuit cash advance must determine what the likelihood is of ultimately receiving payment for the cash they advance and charge accordingly. Because of the nature of the lawsuit cash advance, normal interest rates will not apply, so the provider will most likely charge more for the lawsuit cash advance than a traditional lender would.

The fees charged for lawsuit cash advances can vary significantly. Typical fees for automotive cases are 3.0% per month and for medical malpractice cases 5.5% per month. Nevertheless it is not uncommon for some companies to charge a low entry fee to get business through the door and then charge additional, hidden fees to the personal injury accident victim.

Many companies say they will provide a lawsuit cash advance within 24-48 hours, but actual application times can vary greatly and are subject to the extent of the documentation required from the personal injury accident victim along with other factors. And it is important to realize that a company that approves an application too quickly may be charging the client through the roof to compensate for their less than stringent underwriting requirements.

The business of providing lawsuit cash advances to personal injury accident victims also has its share of brokers. A person is best off if they can find a company that provides the actual funding for lawsuit cash advances and deal with them directly. Otherwise the fee that a broker charges will be added to the fee the provider of the lawsuit cash advance receives from the personal injury accident victim.

Michael Merten
Lawsuit Cash Advance, LLC
lcamarketing@lcacorp.com
http://www.lawsuitcashadvance.com

Lawsuit cash advances can be confusing especially for someone who was recently introduced to the concept. What is a lawsuit cash advance? Do I need lawsuit cash advance? How do I get funding for my lawsuit? When I am approved for lawsuit cash advance, do I have to pay back the money? If I am denied funding does it mean that I do not have a good case? These are all very good questions and the following text will answer these questions and more.

What is lawsuit cash advance?
A lawsuit cash advance is not a loan at all but rather it is a cash advance based upon the merits of a lawsuit that provides a plaintiff with sufficient funding to reach the conclusion of the case when the plaintiff will receive his/her fair share of the settlement or verdict. Lawsuit cash advance companies invest in the lawsuit itself as opposed to advancing money to the plaintiff in the form of a loan. A lawsuit cash advance is not based on a plaintiffs prior credit or bankruptcy status. Other terms used for this type of funding include: lawsuit loan, litigation finance, litigation loan, lawsuit funding, lawsuit finance, litigation cash advance, case loan, case cash advance, plaintiff cash advance, litigant funding, pre-settlement loan, pre-settlement lending, pre-settlement cash advance, etc.

Do I need lawsuit cash advance?
Lawsuit cash advances should not be a substitute for your settlement but rather a raft that helps you stay afloat while your attorney fights for you. Too many plaintiffs apply for a lawsuit cash advance with the belief that a lawsuit cash advance is simply a different way to get their settlement money. Assuming you win your case, the amount owed to the lending company varies greatly depending upon the length of time between the date of the advance and the date when you receive the settlement/verdict money. You should exhaust other means of funding first. Also, a good guideline to use is that lawsuit cash advance companies generally advance up to 10% of the estimated settlement amount. There are some good internet sites that give more background on lawsuit cash advances. Some good sources of information are The Funding Exchange (www.TheFundingExchange.com) and Expert Law (www.expertlaw.com).

How do I get funding for my lawsuit?
Lawsuit lending companies have popped-up all over the country. Some tout their low interest rates or how they are the most lenient when it comes to approving lawsuit loans. For every 1 respected lawsuit lending company there are 3 that will do anything to charge plaintiffs random penalties that make no sense. These penalties help to offset their low interest rates and many times end-up costing the plaintiff more of their settlement. A good option is The Funding Exchange (www.TheFundingExchange.com). The Funding Exchange is a network of the most respected lawsuit lending companies in the industry. You complete one application on The Funding Exchange and your application is intelligently routed to the best lending companies for your specific situation.

If I get a lawsuit cash advance, do I have to pay back the money?
Almost all lawsuit financing companies give non-recourse funding to plaintiffs thus requiring the plaintiff to pay back the advance and fees/interest only upon a favorable decision in the case. If the case is lost then you can keep the cash advance with no obligation. If you win your case then part of the settlement amount will go towards repaying the cash advance plus interest and fees. The amount owed to a litigation finance company increases the longer that your case takes to settle so keep that in mind.

If I am denied funding does it mean that I do not have a good case?
The simple answer is no. Being denied for a lawsuit cash advance does not mean that your case is not a good case or that you will actually win less money than you think. There are many different reasons why funding is denied. One reason is that the estimated settlement date is too soon. Litigation finance companies make money by accruing interest on their investment in your case. If your case is supposed to settle in 2 months then a litigation finance company will not make any money because the settlement date is too soon and therefore they may decline the funding request. Other reasons for denying lawsuit loan applications include: attorney will not provide documentation, attorney will not sign contract, plaintiff demands too much money, etc.

Conclusion
As a plaintiff, you should understand lawsuit cash advances and the process of securing a lawsuit cash advance before you apply. If your expectations are set correctly and you proceed with a lawsuit cash advance then you will find that it is a saving grace in the turbulent world of litigation. If you apply for a lawsuit cash advance without an understanding of litigation finance then you may be disappointed.

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Pursuing a lawsuit can put a strain on your finances. But a lawsuit cash advance can provide a feasible financial lifeline to support your case and living expenses.

If your personal funds are running out, and your case still hasn’t made it to court, consider a lawsuit advance. It bridges the gap from your accident date to the settlement date. A lawsuit advance can provide you with money for the duration of your case.

A lawsuit cash advance is not a loan. The funding company buys a piece of the future settlement proceeds of your lawsuit, contingent upon the future outcome of the case. Essentially, you receive cash today in exchange for a specific amount of any settlement or judgment received from the litigation. Most often, lawsuit funding is used to cover medical and immediate living expenses.

A lawsuit advance is available for all types of cases, including personal injury, medical malpractice, employment discrimination and wrongful death cases.

Understanding a Lawsuit Cash Advance

Technically, a lawsuit advance is a practice in which individuals who are plaintiffs in lawsuits receive money from a lawsuit loan company who takes a lien on the proceeds of the suit in return for cash now. Funding is provided on a non-recourse basis. This means any money you receive is yours to keep even if the results of the case have a negative outcome.

Companies generally will provide a lawsuit advance to individuals who have a strong case. For them, the cash advance is an investment. If you win, they receive a portion of the monetary award granted to you by the court. If you lose, they get nothing.

In essence, a lawsuit cash advance poses no risk on your part. You never have to repay the funding company if your case is unsuccessful in court. But if your case wins, you’ll probably end up with significantly more money than you would have if you settled early. That’s even after you present the funding company with its portion of the settlement.

The Need for a Lawsuit Cash Advance

Litigation is an expensive process. For most people with personal injury claims, a lawyer is hired on a contingent fee basis, meaning there is no attorney fee unless the case is successful. Then, any attorney fee that’s required is a percentage of the money recovered. The law firm advances money for the cost of litigation until the case is resolved. (For ethical reasons, lawyers cannot lend money to their clients.)

However, for individuals paying legal fees out of pocket, the need for a lawsuit loan can be critical. Here’s why: People who have been severely injured in accidents due to the negligence of others can be financially devastated during the process. Many are put out of work for weeks or months, leaving them with no income to provide for their dependents while they recover. Unfortunately, these victims often lack the proper income or credit history to qualify for a traditional loan. Even if they could, conventional loans require monthly payments which can be a further burden to their situation.

A lawsuit cash advance is a viable option for cash poor plaintiffs. It can help them meet their living expenses, pay for medical care and cover other personal costs. This can keep plaintiffs from having to sell their valuables or borrow money from family and friends to keep their lives on track.

A lawsuit advance enables individuals to pursue justice without having to put their life on hold by sacrificing other necessary financial responsibilities. Instead of worrying about finances, they can focus on recovering from their injuries while they await a trial verdict or settlement.

Working with a Funding Firm

There are a growing number of companies offering a lawsuit cash advance. Pursuing funding from these sources is fairly straightforward. You simply contact the provider for a free consultation. The company will follow up with your attorney, evaluate your case material and let you know often within 48 hours if you are eligible for lawsuit funding. Typically, no application fee, credit check or employment verification is required.

If approved for a lawsuit cash advance, your attorneys will retain complete control over your case. The funding provider will not get involved with your case strategy and or receive payment until after the case is settled.

When choosing a funding firm, asking questions about the practices, fees and conditions involved.

The American Litigation Finance Association (ALFA) offers some useful tips to help you locate suitable lawsuit cash advance company:

- Deal with a company that is investing for its own portfolio. Otherwise, you could wind up paying a great deal more than necessary.

- Don’t supply information that is not otherwise discoverable. Privileged information should only be shared with your attorney not a third party.

- Don’t make multiple applications with different funding companies. You have no way of knowing if that company is going to try to sell your deal to one of the others to which you have applied (which will not sit very well with the real funding source). Besides, multiple applications create a hassle for your attorney since he or she will have to complete many requests for information. Your best approach is to make an informed choice and work with that company.

- Check with your attorney. Never sign a complex contract such as a lawsuit cash advance agreement without consulting with your attorney first.

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No one pays much attention to how a person who has been injured is going to live while waiting for a case to settle, the legal system tends to put people who cannot afford to wait for their money at a disadvantage. – Boston Bar Association Ethics Committee Chairman, Gerry Cohen

With these words millions of U.S. consumers every year find out 1st hand the truthfulness of Mr. Cohen’s assessment of the legal system; but who more so than the thousands who have suffered tragically at the hands of Ely Lillies drug Zyprexa.

Zyprexa ruined my life describes litigant Merrit Salyer who will be one of the first to receive a lump sum settlement in the new 700 million dollars settlement launched last Thursday by multi-billion dollar corporate giant Eli Lilly, manufacturer of Zyprexa. The extreme hardship I suffered from Zyprexa in both physical & mental suffering, well all I can say is Zyprexa stole my health and it nearly killed me, as I spent 2 weeks in a trauma unit from diabetic ketoacidosis where I almost died and now I live with a lifetime of complications diabetes has left me with says Salyer of his brief 2 month encounter with Zyprexa.

The costs injured plaintiffs sustain are far more than the actual pain and suffering, as Salyer states, injuries affect everything including your standard of living, you just cant maintain the same earnings. Then throw in future credit and borrowing and you begin to know the real long term side effects no one takes into consideration and that’s why injured plaintiffs need help in many areas to recover.

Is there a solution? 1st Choice Funding offers Zyprexa plaintiffs many and one is by offering cash in hand now, when Zyprexa plaintiffs need it most vs. when settlement finally occurs. The program is called No Win …No Pay… No Risk Lawsuit Loans and this innovative program puts Zyprexa litigants in the position to receive cash prior to settlement with no credit, employment, monthly payments, collateral, or risk no matter how long Zyprexa settlement takes.

No Win…No Pay… No Risk Lawsuit Loans are unheard of from traditional banking approaches to lending money conventional lenders agree. 1st Choice Fundings Lawsuit Loans arent really loans at all and thats why conventional approaches arent how we make determinations for funding said 1st Choice Funding company president Timothy S. Gray, lawsuit loans are what consumers call them but in reality what they are advances made on future settlement, and thats something conventional lenders just dont understand.

What does Zyprexa victim Salyer think of the opportunity to get cash now vs. the lengthy settlement period ahead for the plaintiffs? Salyer says with conviction, It’s about time Zyprexa did something good for us, I think it’s a great program and I recommend it to everyone in the financial need my family and I are in, it’s really been a god send for us

Not only those with injuries from Zyprexa can obtain financial releif today as 1st Choice Funding’s resources provide No Win…No Pay…No Risk Lawsuit Loans for all these case types;

No Risk Case Types Include:

Passenger Injuries
Pedestrian Injury
Personal Injury
General Negligence
Civil Rights
Employment Discrimination Whistleblower (Qui Tam)
Product Liability
Construction Negligence
Class Action Mass Tort
Zyprexa
Asbestos
Pharmaceutical Litigation
Airplane Accidents
Appeals
Commercial Torts
Assaults
Fen-Phen
Commercial Appellate Settlements
Sexual Harassment
Boating Accidents
Tobacco/Smoking
Burn Injuries
Worker’s Compensation
Construction Accidents
Dog Bites
Maritime/Seaman’s Claims
Medical Malpractice
Motorcycle & Bicycle Accidents
Nursing Home Neglect
Premises Liability
Product Liability
Railroad Claims (FELA)
Wrongful Death
Judgments
Structured Settlement
Tractor Trailer Accident
Slip & Fall
Settled Cases
Sulzer Hip
Jones Act
Discrimination Cases
Baycol
Toxic Mold
Wrongful Termination
Commercial Cases
Probate Cases
Select Divorce Cases
Select Canadian Cases

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