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Litigation Financing - How Pre-Settlement Funding Benefits Personal Injury Victims

Litigation financing is a process in which the victim of an accident gets the money they need to pursue justice. Pre-settlement funding is becoming more and more prevalent due to the current state of the economy.

 
PRLog - Nov. 16, 2009 - As victims of injuries find that they are short on funds for monthly household bills and other expenses, they need help in order to continue with their claim.

When you are involved in an accident or have been injured and file a lawsuit, the process can be slow.  In fact, it can take years.  Lawsuit funding allows you and your attorney to have the cash needed to avoid getting deep into debt while you wait for your case to settle.  Litigation financing companies realize that they may lose money, as there is no recourse.  If you do not win your lawsuit, you do not repay the lawsuit loan.

Pre-settlement funding gives you the money you need to continue paying monthly debts, so that you can focus on your claim.  With traditional loans, you are usually committed to a monthly payment.  Lawsuit loans do not work this way.  You get the money you need in advance upon qualifying, and only pay it back when your case settles.  This helps reduce your stress, and avoid settling for less than you are actually entitled to.

Because so many people are short on funds these days, litigation financing companies are gaining in popularity and demand.  So many plaintiffs need help as they wait for their claim to settle, and often they don't know where to turn.  If your lawsuit is against a large corporation, you may find yourself in dire need of assistance.  Why?  These companies often have the financial backing to allow them to drag your case out for a very long period, in the hopes that you will settle for less than you deserve.

Pre-settlement funding ( http://www.addisonpsf.com/pre_settlement_funding.html ) is easy to acquire in most cases.  Your attorney will submit the details of your claim to the litigation funding company, who will then determine if you qualify based on the merits of your case.  The amount you get is agreed upon as soon as you get it, so that you know exactly how much you will be obligated to repay upon winning your lawsuit.  No monthly payments, no credit checks - the process is a simple one that does not involve a large amount of paperwork and other red tape.

Whether you have or are going to file a lawsuit and feel that you need financial help to pursue justice, litigation financing is an option you definitely want to consult with your attorney about.  Don't let those guilty of causing you injury get away with it!  Pre-settlement funding ( http://www.addisonpsf.com ) allows you to get the money you need, when you need it.

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Source:Joel McLaughlin
Industry:Finance, Legal, Loans
Tags:pre settlement funding, funding, lawsuit, loans, lawsuit loans, legal, litigation, Finance, loan, personal injury, law suit
Shortcut:prlog.org/10414779
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