Is Advance Funding Legal?
Mar 22, 2010
If you are considering applying for lawsuit advance funding, then you probably have a few initial questions. One of those questions may be: Is advance funding legal? Lawsuit advance funding was a unique concept that was created in 1999 to fill a void for accident victims suffering from physically limiting and devastating injuries.
After an accident has occurred, many individuals are injured and unable to work. This means that they are also unable to make any income. And while the lawsuit is pending, medical bills and everyday expenses continue to add up. In addition to dealing with their injuries, individuals are also subject to intense financial and emotional stress. Lawsuit advance funding is a great solution because it solves the initial problem in the interim. While attorneys are unable to provide financial funding for clients, lawsuit advance funding companies are qualified to do so.
Lawsuit funding companies do not get involved in the legalities or the details of your lawsuit. They are not there to give you any legal advice, either. Lawsuit advance funding companies exist primarily to provide you with financial funding until your lawsuit is complete. The funding provided is not a loan; it is an advance on the financial settlement you are expected to receive once the lawsuit is over. If you happen to lose your case, you will not be required to pay back the financing. There is nothing to pay upfront, and no monthly expenses. The only time you will have to pay anything is after you have won your lawsuit and received your financial settlement. Most lawsuit advance companies are seen as a last resort because the payback on the financial advances can be quite substantial. However, Lawsuit Hotline Services, LLC, has low rates. You can find out if you are eligible for their services by calling a representative or applying online. It takes as little as 48 hours to find out if you qualify for lawsuit advance funding.
Lawsuit advance funding fills a financial need that is often overlooked during long and drawn out lawsuits. It doesn’t matter if you have filed an auto accident lawsuit, a civil action suit, or a wrongful termination suit — the situation is almost always the same. You wait and wait and wait for your lawsuit to be settled while you get deeper and deeper and deeper into debt. Lawsuit advance funding provides you with a viable option that can help ease all of your emotional and financial stress. You don’t have to sit back and wait for your settlement to come. You have the power to get a portion of the money you are owed right now. Use the funding to pay your medical bills and living expenses. Once you have some financial breathing room, you can get back to living and enjoying your life as best as you can.