When someone is involved in a personal injury or civil case, the process can take months or even years to reach a settlement. During that time, bills keep coming. Rent, medical expenses, car payments, and daily costs don’t stop because a lawsuit is pending.
That’s where legal funding comes in. More and more plaintiffs are turning to pre-settlement funding as a way to stay financially stable while they wait for their case to resolve. Let’s take a closer look.
What Is Legal Funding?
Legal funding, also known as pre-settlement funding or lawsuit cash advances, provides plaintiffs with access to a portion of their expected settlement before their case concludes. This is not a loan–it’s a non-recourse cash advance.
This means if you lose your case, you don’t have to pay the funding company back. The money can be used for everyday living expenses, medical bills, or anything else you need while waiting for your case to settle.
Rising Legal Costs and Longer Case Timelines
One of the biggest reasons legal funding is becoming more common is the increasing complexity of lawsuits. Insurance companies often delay settlements, hoping that plaintiffs will accept a smaller payout out of financial desperation. These tactics can drag cases out for years.
For injured or out-of-work plaintiffs, waiting that long isn’t always an option. Legal funding bridges the gap, allowing people to cover essential expenses and keep fighting for fair compensation instead of settling early for less than they deserve.
Financial Relief Without the Risk
Traditional loans and credit options can be difficult (or even impossible) to access during a lawsuit. Banks usually require good credit and steady income, which many injured plaintiffs don’t have. Legal funding doesn’t depend on credit scores or employment. Approval is based on the strength of your case, not your financial history.
Because it’s non-recourse, there’s no personal risk. You only repay the advance if you win your case or reach a settlement. This safety net gives plaintiffs peace of mind and financial breathing room during one of the most stressful times in their lives.
Empowering Plaintiffs Against Big Insurance
Another major reason for the growth of legal funding is the shift in power dynamics. Insurance companies and large corporations have deep pockets and teams of lawyers on their side. Plaintiffs often feel pressured to accept lowball offers just to stay afloat.
Legal funding levels the playing field. With financial support, plaintiffs can afford to wait for a fair outcome and allow their attorneys to negotiate from a position of strength.
Legal Funding Growth
Legal funding is growing in popularity because it gives people control–control over their finances, their case, and their future. Removing the pressure to settle quickly helps ensure justice isn’t limited to those who can afford to wait.
If you’re struggling financially while waiting for your lawsuit to settle, pre-settlement funding could provide the relief you need to stay strong and secure the compensation you deserve.
Legal Funding From Cash Now Funding Group
Are you or a family member in need of financial assistance due to a lengthy legal battle? Are you preparing for a long-term legal battle to get the compensation you deserve? Cash Now Funding Group can be the financial lifeline you need while your case settles. Applying is free and confidential & no credit check is required.
