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USA Lawsuit Funding FAQ’s

Below you will find a list of topics pertaining to lawsuits. Our FAQ’s will help you better understand each individual lawsuit and type of case that you may be involved in and the most common asked questions in regards to our lawsuit funding services. For any inquires regarding lawsuit funding, please contact us at 1-866-840-4498. If you need assistance with your lawsuit, you should contact an attorney in your state immediately.

Financial decisions are never easy. If you are looking for a lawsuit loan or settlement loan, it can be as hard as choosing what lawyer you want to represent you to the best of your ability to win your case. Other companies don’t care nearly as much as we do. We are company that helps people all across the United States of America and we love our customers you should give us a try today we will not disappoint you. We have the answers to all your questions and do it with a respectful and courteous manner because we care deeply about our customers and their families.

Lawsuit Funding FAQ’s

 

How will I know if I’m going to be approved for a lawsuit or settlement cash advance?

To determine if a case is ready for approval a representative will request documents on the case you are involved in and perform a review. After reviewing the case you can have your lawsuit cash in as little as 48 hours! We want to approve your case just as much as you want your case to get approved. Give us a call and see if we are able to help you financially with your lawsuit or claim.

 

What is the approximate time frame from start to finish?

The time frame depends mainly on how fast we can obtain the records on your case you are requesting an advance for. The quicker we can look at your documents the faster the approval is going to be. Some cases can be approved in less than a day like personal injury cases, where as other complex commercial litigation cases can take longer. Either way, Our team works their absolute best to get your case approved quickly with multiple options so you can have the best rate.

 

What are the rates for your services?

Every case or lawsuit is different. As is the merits, or strengths of a case. We can’t tell you exactly what the rates may be until we look at the case. But we can tell you we do have the lowest rates in the business and we would love to evaluate your case to give you a more exact answer to this question, so feel free to give us a call and have us look at your case today.

 

Why is it that people apply for settlement financing?

A variety of reasons leads a person to apply for a settlement loan whether it’s for structure settlement or pre settlement advance. The two greatest reasons are money and time. A person that doesn’t have the ability to wait whether they can’t afford to wait or just need a lump sum for other reasons. Time is an important matter when people are in a financial bind. The person may be looking at stacking medical bills or otherwise facing an eviction or a money support family member has suffered a job loss and is having difficulty affording the things they need.

 

What if I don’t have a legal representative?

If you don’t have a lawyer then you won’t be applicable for this particular funding option. Settlement financing is exclusively available for those who have an attorney.

 

Can I use the money I receive to pay for lawsuit expenditures?

Unfortunately the only cases that are allowed to be funded for legal expenses are commercial cases. Other eligibility factors come into play when these types of cases are considered. Some of these factors may include category of the case, case strength, status and projected cash award compensation. If the case is settlement amount is a large sum, depending on the situation, some people may be applicable for using the money to help pay for legal expenditures.

 

If I obtain a loan while involved in an ongoing lawsuit and lose my case, will I need to pay back the cash advance?

NO. Lawsuit loans are provided on a non-recourse basis. If by some circumstance you happen to lose your case, you don’t have to repay the loan and that’s a guarantee we provide to you.

 

If I obtain a loan while involved in an ongoing lawsuit, is the financing company going to be paid first when I receive my settlement?

Answer: No. Your personal legal representative will always be compensated way before the lawsuit funding company receives their compensation.

 

If I obtained legal financing from a different company, can I still be qualified to receive another advance on the same case?

Answer: Possibly. Some clients may have the ability depending on their case, to receive a second cash advance. If the case still has merits and the first lawsuit loan is under a certain percentage used to determine maximums, than yes. Contact us so we can discuss the option more clearly.

Is USA Lawsuit Funding a company that gives their clients the opportunity of opening and extending a line of credit while involved in an ongoing lawsuit?

Answer: Yes. Once you receive your approval you may ask if the money you receive is to be dispersed over a month-to-month period for a set amount of time. If this is what you are looking to do, please let us know ahead of time so we can make that happen for you. When we send the application to the underwriter, we will ask for a maximum approval. This means it’s a top of the line credit. Payment schedules will be set and a number no more than the maximum line that was originally approved, will determine when and how much they will receive.

 

What are some examples of various types of claims that settle?

Personal injury cases, commercial litigation, and class action lawsuits are the most frequent in the legal realm. These cases can involve anything from accidents, slip and falls, wrongful death, medical malpractice, copyright or patent infringement, breach of contracts, and many more. For a more complete list of personal injury, commercial litigation, and class action cases refer to our pre settlement funding or litigation financing case types to browse the types of lawsuits we are familiar with and to obtain more information on or just give us a call and talk to one of our trained representatives.

 

Will a settlement affect my rights in anyway?

The person that is injured physically, emotionally and financially not only has a right to file a claim but a responsibility. If a plaintiff agrees to a settlement amount then at that point they forfeit their rights to pursue a lawsuit a later date. People who want to be prepared for such injuries to take place obtain the necessary insurance to be protected from financial damages when an accident or wrongdoing takes place. When a person doesn’t have the proper insurance they are in danger of losing all their money through a civil lawsuit. Insurance claim settlements can guard against financial damages up to the amount of the policy line covers them for. If the damages are higher than the policy covers then the negligent party is in danger of being held liable in a court of law for the damages that cannot be covered by the insurance.

 

What are my options?

  1. Accept an Offer
  2. Make a Counter Offer
  3. Go into Mediation
  4. File a Lawsuit
  5. Litigation

How long will it take for a settlement claim to pay off?

This answer can be more likely answered accurately by your attorney because all cases are different. Some may take weeks, some months, and sometimes even years but your attorney will be able to give you an estimated time when the amount you’ve been waiting for will arrive.

 

How will I receive my settlement case to be paid?

Your lawyer should be the one to receive the payment first in which in most cases will be deposited into an escrow account where it will wait to be cleared and then your attorney will send you your cut of the settlement from your case as soon as your lawyer has had it cleared.

 

What determines the amount of money I deserve to receive when involved in a lawsuit?
Damages are the basis in which the amount of compensation is determined.

 

What if my structured settlement payments or annuities are late?

Contact your attorney if your settlement claim or payments of a settled case that has been reached are late in some cases you can be entitled to interest when payment is late.

 

Do I need an attorney to receive a lawsuit settlement cash advance?

Answer: Yes. For you to be able to receive an approval for a lawsuit or settlement cash advance you will need legal representation. The reason behind this is the lien is put on the check for the settlement which is received by a lawyer. Whenever the lawyer gets the check they personally are responsible to take care of the lien once they’ve received their payment on the case they have been working on.

 

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