Different Lawsuit Cash Advances

What is the difference between pre-settlement cash advances and structured settlement funding? The difference between the two legal funding types is as follows:

Lawsuit pre-settlement funding is funding you receive prior to a personal injury case going into settlement. Some of the terms that commonly describe pre-settlement funding include legal cash advances, plaintiff funding, personal injury funding and even plaintiff pre-settlement loans. Which ever term you use describe pre-settlement funding its meaning is the same. If someone is currently seeking compensation due to an injury caused by another person or entity and are in a position that they need money, they can request a cash advance against their settlement or winnings. For most lawsuit funding companies that offer non-recourse funding, the lender takes a chance that your case will settle and you will receive monetary compensation resulting from the lawsuit. A lender will give you a loan that is only repayable if you are successful in winning compensation for your case. This loan can be used to pay down debt, medical expenses or other day to day expenses.

Structured Settlements are cash advances against a monthly payout. This type of cash advance is a loan against your reoccurring payments resulting from a lawsuit that has already settled. There are many people that elect to receive lawsuit payments over a certain period. In fact, structured settlements are becoming more common. When a lender decides to take on a structured settlement loan they will look at your monthly payout and determine how much they will lend and a time frame in which you will have to pay back the loan. Some lenders will go as far as buying out your structured settlement.

Both of the types of legal funding are becoming more and more common for people that are in a financial bind. If you are currently seeking legal funding for either a pending lawsuit or a structured settlement contact our legal funding representatives today.

LawLeaf is an online legal funding services that matches plaintiffs with lawsuit funding lenders. LawLeaf has a network of lenders that are willing to compete for your business. With one application, your case will be sent to our selected vendors. You can choose which rates or payouts best meet your financial need. Best of all our service is free and there is no obligation to you.