If you need immediate cash while waiting for your lawsuit to settle, legal funding can be a quick and hassle-free solution to cover urgent expenses. Legal funding is designed to provide fast financial relief, and many plaintiffs receive their funds within one to two days after approval.
Let’s take a closer look at some of the factors that may affect the timeframe of receiving your legal funding.
Application Submission
The process begins with a simple application, which can often be completed online or over the phone. You’ll need to provide:
- Your contact information
- Details about your case
- Your attorney’s contact details
Unlike traditional loans, there’s no credit check or employment verification, making this step quick and easy.
Case Evaluation
Once you submit your application, the legal funding company will review your case. This involves:
- Contacting your attorney
- Evaluating the strength of your claim
- Estimating the potential settlement amount
Since legal funding is based on the merits of your case, a strong claim with clear liability and significant damages can speed up approval.
Approval and Offer
If your case meets the funding company’s criteria, you’ll receive an offer specifying the amount you qualify for. You and your attorney will review the terms, and once you accept, the company will send the necessary documents for signing.
Fund Disbursement
After the paperwork is completed, the funding company will transfer the money directly to your bank account, often within 24 to 48 hours. Some companies even offer same-day funding via wire transfer or overnight check delivery.
Factors That Can Affect the Speed of Funding
While many applicants receive their funds quickly, some factors can delay the process, including:
- Attorney responsiveness. Legal funding companies must communicate with your attorney. If your lawyer takes time to respond, it can slow things down.
- Case complexity. Simple cases with clear liability are approved faster than complex lawsuits requiring deeper evaluation.
- Incomplete information. Missing details in your application or legal documents can cause delays.
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.
