How Common Is Lawsuit Funding
Third-party lawsuit funding has become more common in the US over the years. In her University of California Davis (UC Davis) article “Follow the Money? A Proposed Approach for Disclosure of Litigation Finance Agreements,” law professor Maya Steinitz states that the litigation finance market stood at between $50 and $100 billion. She also added that this type of alternative financing was “the most important civil justice development of this era.”
To this end, personal injury plaintiffs, needing financial assistance, should only partner with an experienced pre-settlement legal funding company.
How Does Lawsuit Funding Work
Lawsuit Funding involves a third-party funding company that can provide you with money when you have an active legal claim. In return for this cash advance, the lawsuit funding company receives a portion of any future settlement or award the victim may receive. Best of all, if you are not successful in winning your lawsuit, there’s no need to pay back the advance.
In order to qualify for Lawsuit Funding with Thrivest Link, you must:
- Have an active personal injury claim
- Have an attorney
- Your case must be strong and have a high likelihood of resulting in a settlement or award
If you’re approved, we can send you your cash within 24 to 48 hours via wire transfer, check, or a pre-loaded debit card.
What Can You Use A Settlement Advance For?
Lawsuit Funding is intended to help you bridge the gap while waiting to receive a settlement payout from your personal injury claim. This type of settlement advance is beneficial when you’re unable to work due to your injuries, but still need to pay daily expenses and other financial obligations. As such, you can use the cash advance for anything you need, including:
- Housing payments
- Utility bills
- Medical expenses
- Car payments
- Credit card bills
Because you can use Lawsuit Funding money for these kinds of expenses, you can prevent an accident from destroying your credit, repossessions, or even foreclosure on your house.
What If I Have Bad Credit?
Your credit score has nothing to do with your ability to get a settlement loan. Thrivest Link only looks at whether you have a strong case, retained an attorney, and what the likelihood is that you’ll win a settlement.
Bear in mind that no reputable legal funding company will look at your credit score or employment status. Our mission is to get you the fastest non-recourse cash advance while you go through the litigation process.
Contact Thrivest Link For Lawsuit Funding Today
Many plaintiffs involved in accidents don’t have months or years to wait on their case to be resolved. If you’ve suffered injuries in an accident and need immediate financial relief, contact Thrivest Link today! We handle civil lawsuits and personal injury cases around the country.
You can call (888) 697-7352 or contact our Lawsuit Funding firm online to discuss your case.