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Plaintiff Legal Funding For Accident Lawsuits
Whether you have an active lawsuit or already settled, plaintiff legal funding gives you access to the money you need during litigation. It’s meant for plaintiffs who can’t afford to wait months for compensation, especially as the cost of living keeps rising.
A long and frustrating personal injury case should never hold you back from meeting monetary obligations and healthcare needs. Risk-free legal funding comes from third-party lenders that take on all the financial risks. This way, you can get cash quickly without being forced to settle early.
The Purpose of Plaintiff Legal Funding
If you’re in an active lawsuit, plaintiff legal funding allows you to gain early access to part of your expected settlement. Many plaintiffs request funding because they’re behind on rent or medical bills and can’t wait months for a settlement check. Others use it to keep their household going while they’re unable to work due to their personal injury.
This cash advance can be sent in as little as 24 hours after approval, and there are no monthly payments or upfront costs. It’s often used to help with urgent living expenses such as:
- Covers rent or mortgage during the lawsuit
- Pays for medical procedures or pain management
- Helps with basic needs like groceries or gas
- Buys time to avoid lowball settlement offers
Our Top Plaintiff Legal Funding Options
Getting money during a lawsuit can be the difference between paying bills or falling behind. Thrivest Link offers different legal funding options to match the type of accident case you’re in and the kind of support you need.
Here’s a look at some of our most popular legal services:
- Pre-Settlement Funding: A fast cash advance for personal injury plaintiffs during active lawsuits, repaid from a portion of the future settlement or jury award
- Post-Settlement Funding: Immediate funding for plaintiffs waiting on delayed settlement payouts, available after the case has officially settled
- Surgical Funding: Pays for surgery or medical care tied to your accident, so you don’t have to wait on the insurance company or settlement money to get treated
- Structured Settlements: Turns future payments into money you can access now, either all at once or through a partial buyout
Who Qualifies for Legal Funding During a Lawsuit
Most people who qualify for legal funding during a lawsuit are represented by an attorney and have a case with strong merit. A funding company will usually need your attorney’s cooperation to review basic case details.
Eligibility depends on the strength of the case, not personal finances. As long as your lawsuit is active and your legal team is engaged, approval is more likely. Knowing when to apply can make the process even faster.
Rapid Legal Funding for Plaintiffs
When Should You Request Plaintiff Funding
The best time to request plaintiff funding is when your lawsuit is active and the financial pressure becomes too much to manage on your own. Plaintiff funding, or litigation financing, can be helpful during long legal proceedings when you’re waiting on a settlement. Once your attorney is involved, a finance underwriter can evaluate your case details and confirm whether settlement funding criteria have been met.
If you’re accruing bills and other expenses during litigation, it may be time to consider applying. Common scenarios where plaintiffs request funding include:
- When bills start to pile up during trial
- After an accident but before surgery
- If you’ve missed work due to injury
- When insurance delays are creating hardship
Plaintiff Legal Funding vs. Traditional Loans
The difference between legal funding and traditional loans comes down to how the money is repaid and the risk involved. While often called lawsuit loans, legal funding works differently than personal or bank loans. Approval is based on your case, not your credit history or income, and repayment only happens if your case is successful.
Legal Funding Pros:
- No monthly payments or upfront fees
- Repayment only happens if you win or settle
- Based on your lawsuit, not your credit
Traditional Loans Cons:
- Requires good credit and steady income
- Monthly payments begin immediately
- You repay the full amount, even if you lose your case
That’s why legal funding is typically safer for plaintiffs who can’t risk taking on new debt. Always review the terms with your attorney before accepting funding.
Can Lawsuit Funding Be Used for Personal Use?
Yes. Once you’re approved and receive a settlement advance from Thrivest Link, the money is yours to use however you need. Most plaintiffs use it for everyday costs like rent, utilities, medical bills, or groceries, but there are no restrictions.
The point is to help you stay on your feet during the lawsuit, not control how you spend.
People Also Ask Thrivest Link:
How long is the lawsuit loan approval process?
The lawsuit loan approval process can take as little as 24 hours. A more complex personal injury case review may take up to 48 hours. Once approved, we release the funds to you immediately.
How will I receive my lawsuit loan?
We send your lawsuit loan through direct deposit, a pre-loaded debit card, or a check. This way, you can access the funds quickly and use them as needed.
What can I use the lawsuit advance for?
You can use the lawsuit advance for any immediate financial needs. Whether it’s rent, medical bills, or covering everyday expenses while you wait for your settlement, the choice is yours.
When do I need to repay a settlement loan?
You only need to repay the non-recourse loan if you win your lawsuit settlement. If you lose your case, you are not required to return the money.
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Personal Injury Cases We Fund
What Our Lawsuit Funding Clients Say
Hands down the most loyal and thorough funding company I’ve ever experienced. Zoey is literally the best asset to this business. She made it her sole purpose to get me my advance as quickly and efficiently as possible. I highly recommend this company!! Thank you guys again.
AJ Burke
I worked with Andy Getz, Vice President of Business Development, and he was great to work with. I was referred to another company by my attorney and I also considered several other companies, but in the end Andy offered the best package. I would recommend saving time and just call Andy.
Tiffany Fullerton
Thrivest Legal Funding took the time to make an effort to help me obtain an advance because I have an ongoing settlement. Due to the COVID-19, my case is pending a date for trial, but I was able to work out the details and get the advance with no problems.
Roger Young
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