|
Lawsuit loans are a new way for plaintiffs
to receive advance cash to fund their lawsuit before a settlement
or verdict is reached. Often times plaintiffs have lost
their jobs, are unable to work, or otherwise unable to meet
their financial obligations while their lawyer is working
on the lawsuit.
These lawsuit financing companies will look at each case
on an individual basis and determine if it is worth fronting
the plaintiff cash in advance. The term lawsuit "loan"
isn't exactly accurate because usually repayment is only
necessary if the plaintiff wins the case. Therefore, the
lawsuit funding company will be extremely interested in
the plaintiff's lawyer as well as the quality of the case,
in order to reduce the risk of losing all the advanced cash.
Plaintiffs in all types of lawsuits can seek lawsuit financing,
including the following:
- Mesothelioma
- Vioxx
- Asbestos
- Fen Phen
- Zyprexa
- Bextra
- Neurontin
- Personal Injuries
- Wrongful Deaths
- All types of class action lawsuits
These lawsuit loans are available in every state and are
atypical because no credit check or credit history is required.
The funding companies base their decision on the win-ability
of the case as opposed to the plaintiff's personal ability
to pay.
|