What is Non-Recourse Lawsuit Funding?

When a person is injured and has a case pending in a court of law, it is sometimes the case that they do not have enough money to pay their typical day to day expenses and get by. Sometimes in these situations, the injured person will either do independent research, or their attorney will make a recommendation for that person to secure a non-recourse lawsuit funding advance.

There are many different non-recourse lawsuit funding companies out there, as it is quickly becoming an exploding business. Once a company that offers non-recourse lawsuit funding advances is selected, that company will contact the attorney of the injured person to garner information about their case. The company then reviews that information, and creates a reasonable estimate for the value of the case, and issues an advance to the client, for a fee.

In some cases the company can assign a flat fee, or, in the alternative, a monthly fee that accrues each month during which the loan is outstanding. When the case settles, or the defendant pays after losing in court, the loan and associated fees are paid to the non-recourse lawsuit funding finance company.

Is Non-Recourse Lawsuit Funding Safe?

These advances are characterized as non-recourse lawsuit funding because there exists no obligation to repay the loan to the company making the advance if the client loses the case in Court.

Non-recourse lawsuit funding also has another safeguard built in to protect the client. When securing non-recourse lawsuit funding, it can be remembered that the amount to be paid back will not be allowed to exceed the clients original share of the settlement, amount notwithstanding.

How much Non-Recourse Lawsuit Funding Could I secure?

Clearly, the amount that any company is going to be willing to advance to a client is going to be directly correlated with the value of the case. Many things can be important in determining this value. The extent of the total injury, the dollar amounts of actual damages done, the perceived amount of possible punitive damages, and the actual physical harm done to the client are all factors that are considered.

Is Non-Recourse Lawsuit Funding A Growing Industry?

Non-recourse lawsuit funding is expanding every day, and provides a safe and reliable out for injured plaintiffs in need. Thousands of non-recourse lawsuit funding applications are processed a month, and its not a resource to be overlooked.

If you think that you need Non-Recourse Lawsuit Funding, do not hesitate to contact the team of professionals at CaseFunding. We are here to help you get through your case, and can help you get the money that you need in order to do so.

Our Services

Case Funding's programs provide plaintiffs and litigation attorneys with short-term financing by advancing money against the future proceeds of lawsuits. Case Funding minimizes financial pressures on plaintiffs until a fair settlement can be reached. For plaintiffs, CaseFunding provides non-recourse cash advances on pending lawsuits. Case Funding works with attorneys to create a financial package that meets their law firm's cash flow needs, whether in the form of full-recourse loans, or line-of-credit facilities.