Injury Funds Now
Pre-Settlement FAQs for Plaintiffs
Lawsuit Funding - Fee Structures Compared
Various lawsuit funding companies use different fee structures. The common factor among all fee structures is that they are all non-recourse, meaning fees are only incurred upon a successful recovery.
Most lawsuit funding companies will offer a monthly fee structure. Monthly fee structures will vary between 2.9%/ month and 15%/ month of the amount advanced. Most companies do compound their fees monthly.
Only very few funding companies will offer a flat fee structure. Flat fee structures charge a percentage of the total recovery, however many times this is capped at a certain dollar amount. Flat fee structures are designed to alleviate risk of a case dragging on for a very long time.
Continue reading "Lawsuit Funding - Fee Structures Compared"
Lawsuit Funding - Types of Injuries
Lawsuit funding may be available to you if you have been seriously injured in an accident and are represented by an attorney. Only very serious injuries generally qualify for lawsuit funding. Some examples of injuries eligible for lawsuit funding are:
- Amputation
- Death
- Fractures
- Herniated Disks
- Loss of Vision
- Paralysis
- RSD
- Significant Scarring
- Surgery
- Any other very serious injuries
Lawsuit Funding - Types of Cases
Category: Pre-Settlement FAQs for Plaintiffs
Lawsuit funding may be available to you for many different types of cases. Typically, the following types of cases are eligible:
- Airplane Accidents
- Appeals
- Assaults
- Automobile Accidents
- Boating Accidents
- Burn Injuries
- Construction Accidents
- Dog Bites
- Maritime/Seaman's Claims (Jones Act)
- Medical Malpractice
- Motorcycle & Bicycle Accidents
- Nursing Home Neglect
- Premises Liability (Slip & Fall)
- Product Liability
- Railroad Claims (FELA)
- Wrongful Death
Lawsuit Loans - How they can help you
Category: Pre-Settlement FAQs for Plaintiffs
Lawsuit loans are not actually loans, rather they are a form of non-recourse funding. Non-recourse funding is a source of funds or cash, that does not necessarily have to be repaid. A lawsuit loan, or pre settlement advance, is based soley on the merits of your lawsuit or case. If the case is lost, the funds do not have to be repaid, making the advance non-recourse.
The lawsuit funding company takes on significant risk by offering such a service. If and when your lawsuit does make a successful recovery, the pre settlement advance is repaid out of the recovery, including the previously agreed upon fee.
Lawsuit Funding Application Process
Category: Pre-Settlement FAQs for Plaintiffs
Application processes vary by company, but the procedure from Injury Funds Now is designed to be as simple and quick as possible for both Plaintiff's or their lawyers. The quickest way to contact a Funding Specialist is to fill out the contact form located at the top right of this screen. A Funding Specialist will usually get back to you the very same day.
Here's a breakdown of what happens when you apply for a pre settlement advance:
1) Lawsuit Funding Application
Fill out our short online application for fastest lawsuit funding service, or contact the funding company directly by phone. If you fill out the application on the Injury Funds Now web site, make sure you tell your Funding Specialist that you heard about the service from the USA Law Blog (you may be eligible for special rate structures).
Attorney's Involvement with Settlement Advances
Category: Pre-Settlement FAQs for Plaintiffs
We often are often contacted by injury victims for a pre settlment advance on their case, yet the client has not yet hired an attorney. In order to receive an advance from Injury Funds Now or most any lawsuit funding company, the applicant must be represented by a lawyer.
The reasons are two-fold:
1) If a personal injury attorney hasn't taken the case, then there probably isn't a case there to begin with. Unless the accident just happened and the client contacts a funding company before contacting a lawyer, but that is doubtful. If you're hurt due to someone else's negligence, most people would hire a lawyer before anything else.
Continue reading "Attorney's Involvement with Settlement Advances"