Evaluating Lawsuit Funding Companies

When you begin going through the process of locating the right lawsuit funding company there are several areas in which you should consider. Lawsuit Funding is quite different from that of standard loan. Lawsuit funding outside of commercial litigation funding, law firm loans or structured settlement payouts, is a loan against a current personal injury case. These types of loans are typically non-recourse loans which means you don't pay back the loan if you are unsuccessful in receiving compensation for your case.

Personal injury lawsuit funding is a pre-settlement cash advance to an individual that has a current case in litigation or being negotiated. For those people searching or looking to secure lawsuit funding from a lender there are certain points to consider before applying.

Each lawsuit funding company has their own set of underwriters. These underwriters evaluate your case and determine if you qualify for a loan. Once they recognize that your case is strong they will make a monetary offer along with a payment schedule (terms and agreements) and the amount of money you are accountable to pay back if you win your case. Because each company has their own set of underwriters the monetary payout, payment schedule and rates may be considerably different for each company.

You should also consider certain companies may not fund certain types of personal injury cases. There are many companies that prefer different types of injury cases. It could be very beneficial to those people searching for lawsuit funding to consider a variety of different lenders. While many lenders will fund the same case, the rates, payouts and schedules may be different.

LawLeaf a lawsuit funding service has experience in evaluating lenders based upon case types and monetary payouts. We put each application through a proven evaluation process in giving our clients a better chance of getting their case funded at a better rate. Our network of lawsuit funding companies are ready to compete for your business.

Before you begin searching the different lenders consider applying with LawLeaf today for your lawsuit funding. We provide the expertise of getting you the pre-settlement cash you need.