Does It Matter Where You Get Your Lawsuit Loan*?

March 22, 2018, on Lawsuit Loan | Share

If you have been injured in an accident and you need help paying your bills while your legal case is pending, you can seek financial assistance in the form of a lawsuit settlement loan.* Just like your choice of legal representation, your choice of lawsuit funding companies matters. Not all lawsuit funding companies are alike; and, if you apply for funding without making an informed decision about your source of funds, you could end up less than satisfied.

5 Factors for Choosing a Lawsuit Funding Company

But, what factors should influence your decision? How can you find the lawsuit funding company that will offer the best price and the best customer service? Here are five considerations to keep in mind:

1. Best Price Guarantee

When you obtain funding from a personal injury lawsuit, one of the most important considerations is the cost of the advance. You want to pay as little as possible, but many companies are less than transparent about the fees they charge their customers. At Injury Funds Now, we will let you know exactly how much your advance costs, and we are the only company to offer multiple pricing options. We are so confident we have the best fee structure to meet your needs, we even offer a best pricing guarantee.

2. Non-Recourse Funding

Although lawsuit funding is often referred to as a settlement “loan,” you technically are not taking a loan at all. There is no collateral, and you only pay back if your case wins. This is called  non-recourse funding. If your case loses, you pay back nothing (there is no recourse against you). If you are being asked to sign up for a loan that you have to repay, or if you cannot get a straight answer about whether your funding is recourse or non-recourse, there are better options available.

3. Personalized Customer Service

Your lawsuit funding should be custom-tailored to your individual circumstances. You should have access to a consultant who takes the time to understand your needs, and your funding company should be committed to getting funds in your hands as soon as possible – even if it means working on Christmas Eve.

4. 24-Hour Approval

Obtaining lawsuit funding should not be a difficult or lengthy process. It should be easy to submit your application, you should not have to submit a credit report or proof of employment, and you should be able to receive funding in as little as 24 hours.

5. Awards, Recognition and Testimonials

The best lawsuit funding companies will have received national recognition from industry-leading publications, personal injury attorneys and their customers. At Injury Funds Now, we are proud to be three-time recipients of Daily Business Review’s “Best Of” award in the lawsuit funding category, and we have received numerous testimonials from attorneys and clients.

"In my time of need Injury Funds Now helped me when no one else would. They provided me with understanding and most of all treated me like a human being. I am so thankful that there are actually companies out there willing to help!!! Thank you from the bottom of my heart!" – Jacqueline D., Personal Injury Client

Apply for a Lawsuit Loan from Injury Funds Now

Headquartered in Florida, Injury Funds Now provides lawsuit funding in 35 states and the District of Columbia. If you are working with a personal injury lawyer and need financial help while your case is pending, submit an application online now.

*DISCLAIMER: The term "loan" or "loans," where used to describe lawsuit funding is not an accurate legal or financial definition of the transaction. IT IS NOT A LOAN. The transaction is a non-recourse purchase of a portion of the proceeds of a potential future case award or settlement. A loan is a transaction that always requires repayment. Our lawsuit funding only requires repayment if the plaintiff receives a favorable recovery. If the plaintiff loses their case, they do not repay anything.