Pros and cons of advance funding
Weigh out if it's worth your effort to apply for funding
PRO's to Advance Lawsuit Funding:
- NO risk to you - Non Recourse - if your case doesn't win, you don't pay it back
- Immediate financial assistance when in need - fast, often in 24-72 hours
- You can wait for more money from a settlement - not be pressured to settle for less, giving you time to make your case stronger or to be able to stand strong
- Pay off bills and financial commitments, stop creditor calls
- Pay medical needs
- Easier and faster than getting a conventional bank loan
- Your credit situation does not factor into being able to be funded
- No need to be pressured into an early, smaller settlement - buys you time to wait or fight
- Bad credit situations may apply - when banks won't look at you
- You are under no obligation when you apply - if you change your mind, it's ok
- We're ethical, and we don't push you to do this - it's your decision and choice - if you need this option, we're here for you
CON's to Advance Lawsuit Funding:
- May seem expensive - be certain you really need and want to do this - we try to get you the best rates one time (NOT 15% per month, for instance)
- Scammers and inept businesses - make certain you trust whom you deal with
- Longer time to settle - interest keeps adding up
- Your settlement will be less net to you when it is paid (minus the advance and fees accrued)
- Some funding agents take months to get you funded, which may be too late for your needs - find out how long it will take before committing
- Your relationship with your attorney may be strained if he/she does not want you to get funded
