Pre-Settlement Loans
Pre-settlement loans are exactly what the name implies - cash payments to plaintiffs given in anticipation of a favorable settlement. Pre-settlement loans fall under the 'non-recourse' category of legal loans, meaning that the extender of the loan has no recourse to the collection of the money in case the plaintiff's case is not settled favorably. Such loans are either paid in full before or during the lawsuit process or extended in monthly payments. This usually depends on the recipient's convenience, though it is generally agreed that monthly payments allow for better financial management. A plaintiff is eligible for a Pre settlement Funding if an official lawsuit has been filed to claim damages incurred by the negligent acts of others, or if they have suffered injury or loss at the workplace during employment. They are also extended when the case involves a matter of wrongful death, or when a person's death is caused by the negligent or intentional act of