Great question. The correct answer is that it depends on your situation.

Lawsuit funding (also called lawsuit financing, personal injury settlement funding, lawsuit pre settlement funding or simply a lawsuit loan) can be a real life-saver for people who have been injured and have a personal injury, wrongful death or other type of pending lawsuit against the defendant.

Typically when people incur a personal injury sufficient to warrant a lawsuit, their finances are usually affected as well because they often miss work or lose their job altogether. Bills still need to be paid and the money has to come from somewhere.

That’s where lawsuit funding or litigation financing comes in. With a lawsuit cash advance, the plaintiff can get a cash advance against a portion of the proceeds they are to receive from their pending lawsuit settlement. Then when the settlement finally pays, the lawsuit funding company gets their money back from the settlement proceeds.

This is called a non-recourse cash advance. That means if for any reason the plaintiff loses their lawsuit or their case doesn’t settle, THE PLAINTIFF IS UNDER NO OBLIGATION TO REPAY THE MONEY THEY WERE ADVANCED. There are no monthly payments to worry about either.

Plaintiff lawsuit cash advances are fast – you can often get cash within 24 to 48 hours and they are typically in amounts from $1,000 up to $100,000. For plaintiffs involved in commercial litigation, advances can go from $100,000 up to $10,000,000.

For more information visit Lawsuit Funding.