Is Litigation Funding a Loan?
Litigation funding is not a loan; it is more accurately described as a cash advance. Legal disputes are often lengthy. Many victims whose injuries resulted from another party’s negligence cannot focus on their recovery because they need to pay their bills. Unlike traditional loans, litigation funding provides plaintiffs with financial assistance during the course of […]
How Do Pre-Settlement Funding Companies Determine Eligibility?
Funding companies determine eligibility for pre-settlement lawsuit funding based on the strength of your lawsuit and the likelihood of a successful settlement or verdict. Key factors include the type of case (e.g., personal injury, workers’ comp), the severity of injuries or damages, and the defendant’s ability to pay. Unlike traditional loans, credit score and employment […]