Basic Lawsuit Funding Questions
LawLeaf has provided you with a list of common questions regarding the lawsuit funding.
What is lawsuit funding?
Lawsuit funding is a non recourse loan to a plaintiff is a pending or already settlement lawsuit.
What is a non recourse lawsuit loan?
A non recourse lawsuit loan is a cash advance to a plaintiff on a contingent basis. If the lawsuit settles or judgment awarded the plaintiff is responsible for paying back the loan?
What if the settlement is less than the amounted loaned?
The plaintiff is not responsible for paying back the balance of the loan. The lender will only receive a portion of the advance.
Who can secure lawsuit funding?
Lawsuit funding can only be secured by the plaintiff.
What types of cases can a lender loan against?
There are essentially two different types of cases lenders will provide lawsuit funding for. Personal injury and commercial litigation claims. Some of the personal injury cases include car accidents, slip and falls, wrongful death and workers compensation. Commercial litigation claims may include copyright infringement, security fraud, wrongful termination and discrimination. For a complete list visit LawLeaf's home page.
What are the different types of lawsuit funding options?
We can provide pre settlement, post settlement, structured settlement and attorney funding.
How long does it take to receive an advance?
The quicker we can secure documentation from your attorney the faster we can get an approval. If we can receive documentation the same day you apply, it is very likely we could get an answer in that day. Lawsuit funding can take less than a day to several days.
If I'm approved how quickly can I receive the advance?
If you are approved you may receive your advance the same day.
How can LawLeaf help me?
LawLeaf specializes in getting plaintiffs cash advances faster and at competitive rates. If you decide to apply for lawsuit funding with LawLeaf we handle the process from start to finish. LawLeaf provides the bridge between the attorney, the client and the underwriter.
How fast will LawLeaf review my application?
If you apply online someone will review your application within minutes of the submission. Once your application is received we begin the process. In what states can you provide lawsuit funding? Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming and the District of Columbia D.C. Check back regarding funding in North Carolina. |
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