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Understanding Lawsuit Funding

Lawsuit funding companies are in growing demand for plaintiffs nationwide. Plaintiffs can choose from an array of companies, but a lack of knowledge of how the industry actually works can jeopardize your ability to select the funder that actually is best for you. If you applied for lawsuit funding with another company and were denied legal finance, it’s possible that you simply selected the incorrect type of funder. Litigation finance providers generally fall into two categories: consumer and commercial.

Consumer litigation finance, also known as lawsuit funding, lawsuit advances and settlement funding, is a highly regulated industry that often lends personal injury plaintiffs’ money for living expenses until their cases settle. Consumer lawsuit funding goes by different names, whether it’s called lawsuit loans, pre-settlement loans, and legal financing, but it is characterized by advance cash that does not normally interact with the prosecution of the lawsuit.

Commercial litigation funders, also known as litigation finance, litigation funding, or commercial lawsuit funding, is an almost entirely separate industry that helps small business and individual plaintiffs by offering financing for legal costs, attorneys fees, and working capital. Commercial litigation finance is traditionally dominated by hedge funds.

How Does the Process Work?
The process is simple, if approved; you are advanced money now in exchange for a lien position against your case. You are NOT selling off your lawsuit; rather you are provided with a pre-settlement or settlement advance now against your anticipated lawsuit settlement recovery. You are only obligated to repay the lawsuit advance if you win your case. Our experienced, professional staff understands your situation and will do our best to get you the financial assistance you need quickly and at a competitive rate.

Lawsuit Funding for Plaintiffs and Attorneys
Regardless of the type of lawsuit that has been filed, on the path to being filed, or settled, Express Funding can help bring you out of the red and into more financially stable territory while you wait for the settlement you deserve rather than take a small payout from an insurance company that is only a fraction of what you and your attorney believe you can settle with in court. Personal injury suits arise from injuries incurred through a variety of situations, such as slips and falls, auto accidents, product liability issues, and an assortment of other circumstances that may lead to danger.

Living in Brooklyn, Bronx and Queens, NY has its perks, but cost of living is expensive compared to other regions, and most households rely on two incomes to make ends meet. Those who have suffered an injury that leaves them unable to work their normal job or forces them to significantly cut back on the hours they work may be struggling to pay for bills and everyday items. We do what the banks can’t do- helping hard-working people get back on their feet, financially, while involved in a lawsuit when people only have a possible lawsuit settlement as collateral.
Pre-settlement lawsuit funding is particularly helpful if your attorneys believe you have a solid case against the defendant, and are confident they will win the case. There are some cases, however, when you will need money prior to the settlement of your case, in order to pay legal fees. Securing lawsuit funding from Express Funding gives you and other hard-working residents of Brooklyn, Bronx, and Queens financial peace of mind when entering into a lawsuit that they believe best represents their rights as a plaintiff in the case. Express Funding provides cash advances to plaintiffs in all types of lawsuits. Don’t let monetary limitations force you to accept an offer that doesn’t properly reflect your lawsuit. Express Funding is not a bank, or a financial institution. We simply provide fast cash against the financial award expected when your case reaches a verdict. If you don’t win, we don’t either. You, the Plaintiff is under no obligation to pay us back if your case is lost. For more information on lawsuit funding and more, be sure to contact Express Funding today.