LitigoFinancial can help you by providing litigation funding prior to receiving your settlement.
Litigation funding, also known as lawsuit funding, is simply financial support to help you cover the costs while you’re waiting for your case to settle, including some of your legal costs.
This type of funding is not considered a lawsuit loan or lawsuit advance, because loans and advances require you to repay your funding provider if you lose your case. This is a non-recourse loan. That means if your case is lost, you owe us nothing. With litigation funding, we can help ease your financial burden while giving your attorney the time needed to focus on your case and maximize the value of the claim.
Typically the funding agreement is as follows if you win: Payback of the funding with interest and a percentage of the award. The agreements are tailored to your case.
Litigation financing funds can be used to pay for:
Mortgage or rent
Medical procedures and bills
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Plaintiffs, attorneys, and law firms need financial backing to help them diversify risks and survive the long court process.