Case Funding

Unfortunately, case funding is a common concern for plaintiffs facing exorbitant lawyer and court fees. High costs can make litigation seem impossible. However, there are options to assist in money management, and most cases are able to get to court with this sort of help. These options include presettlement lawsuit loans, personal loans, close friends and family or home equity loans per agreement.

Litigation funding companies exist to aid plaintiffs in case funding. They offer non-recourse presettlement loans. These loans are only repaid upon court victory and are usually a percentage of the winnings or settlement. They may be repaid in a lump sum or as monthly percentage installments. Company policy varies, and it is important to interview several options before choosing a lender. Competitors may even be willing to beat a rival’s offer. Ask your lawyer for guidance in selecting a company.

Personal loans are available to plaintiffs with good credit history. These are unsecured loans or lines of credit that may have high costs and penalties for missed payments. Most likely another option is cheaper.

Family and friends can be good resources for loans because of the trust relationship that you hold with them. Promising part of the court winnings can assure them of your reliability in repayment. Another option is advancement on credit cards.

Government services for health care and compensation may apply in your case. Be sure to research and ask your lawyer for help. Avoiding debt is an important factor in your own safety and well-being while you are involved in litigation.