Pre-settlement and Non recourse Funding

You may not have heard of lawsuit funding, pre-settlement and non-recourse funding but this type of legal finance is designed to make things easier for people who are involved in litigation to get compensation for a personal injury or injuries caused by another. One of the problems with compensation and damages lawsuits is that they can take a great deal of time before a satisfactory conclusion is reached. It is this time factor that makes going to the courts for redress such an expensive and stressful process. If the first sum that is offered is not acceptable to you and your attorney then the case could go to appeal in an attempt to get a higher settlement.

Lawsuit funding companies know that you can wait ages for any payout and, once a contract has been signed, they have the finances to award you a pre-settlement cash advance that will help with your day to day living expenses and pay the legal costs – before any settlement is granted. This type of funding is non-recourse funding, that is funding that does not have to be repaid if you lose the case and receive no compensation.