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This article may document a neologism in such a manner as to promote it. Please add more reliable sources to establish its current use and the impact the term has had on its field. Otherwise consider renaming or deleting the article. (November 2011) |
Pre Settlement Funding is a relatively new concept in the legal world. This is often referred to as a pre settlement loans or a lawsuit loans. This type of lawsuit funding is intended to provide funds to the plaintiff in a lawsuit, before the case is in the settlement process. This type of funding is often the difference between having to accept the first settlement offer that comes along, and being able to wait out the low ball offers that are common in a lawsuit. This money is an investment in a lawsuit, made to qualifying plaintiffs', on a non recourse basis. This means if the case is lost, nothing is owed to the company or individual that made the investment in the plaintiffs' lawsuit. Most companies providing Pre-settlement funding offer fast turnaround times and can usually give you cash in hand within 24-48 hours.
[edit] External Links
[1] - Provides non-recourse pre settlement loans [2] - Non-Recourse Pre settlement Funding
