Can My Attorney Provide Lawsuit Funding For My Case?
The simple answer is: No, your attorney can not provide a lawsuit loan for your pending settlement.
A law firm is not a financial services company. So your attorney is not able to fund your lawsuit. And in most cases, they probably never would. When a client needs financial assistance, their attorney can make recommendations on how to apply for legal funding.
By law, a lawyer can not give or loan money to a client. However, they can refer their clients to a third-party financing company to request financial assistance.
Get Attorney Referrals for Legal Funding
Attorney referrals for legal funding can guide you to reputable lenders that specialize in that type of financial assistance.
Your attorney may have previously secured litigation financing to pay case costs and other court related expenses. They may have even needed operational capital for their law firm at one point. If that’s the case, then they may be able to refer you to a lending company that offers plaintiff legal funding.
Aside from the fact that many plaintiffs don’t ask their attorneys for a loan, there’s another reason why they won’t finance your case. It would be perceived as a “conflict of interest" if an attorney were to lend their clients money. This is why attorneys and legal funding providers work so closely together.
How Do I Get Pre-Settlement Funding?
Pre-settlement funding can quickly help plaintiffs cover living expenses or finance medical costs after an accident. Remember to compare lawsuit loan companies or ask your attorney to refer you to a third-party financing company.
It’s a very simple process to get started, but you will need your attorney to be eligible for a lawsuit loan.
– Apply Online quickly and securely in just minutes
– Our underwriters & your attorney review your case
– Once approved you sign the funding agreement
– We send you a cash advance immediately
What Are The Risks of Lawsuit Loans?
A pre-settlement lawsuit loan carries no risk to plaintiffs. Because it is a non-recourse cash advance, you do not have to worry about repaying the money. Lawsuit loans are repaid only if you win your case! An agreed upon portion of your expected settlement is how the funds are paid back to the lender.
Why settle your case for less just because you’re financially struggling? You have everyday living expenses to worry about and maybe even medical costs that are building up. You don’t have time to risk your financial future just because of your personal injury.
This is why risk-free lawsuit loans are so convenient and helpful during the legal process. Just remember to discuss this option with your attorney to see if it’s the right financial assistance for you.
Get A Fast Pre Settlement Lawsuit Loan Today
You can not get a lawsuit loan from your attorney, but thankfully you won’t have to ask. Thrivest Link Legal Funding has provided 1000’s of clients with some of the fastest cash advances in the industry.
To learn more about how you can borrow money from your pending settlement, contact the legal funding experts at Thrivest Link today.
Fill out our Legal Funding Application to get started or call us at (888) 697-7352
