How to Get Quick and Easy Legal Funding For Your Personal Injury Case?

Third parties have financed the legal world for decades, but the idea became mainstream in the U.S. in 2006. This was when Credit Suisse set up the Litigation Risk Strategies group. It was their legal financing arm, which was focused on commercializing litigation.

If your case has been dragging along and you are running out of funds to continue pursuing it, you can consider getting legal funding for personal injury cases. It is a simple process, and just about anyone can apply. This is how you can get quick and easy legal funding for your injury case.

Make Sure That You Meet the Basic Financing Criteria

Litigation finance requires you to meet specific essential criteria to apply for legal funding. Some of them are you being above 18 years of age, having a valid claim, and having retained a lawyer to work on your case. You may click here to find out how long it can take to get your legal funding.

Find Several Online Litigation Financiers

Litigation funding firms may have additional criteria to finance personal injury cases. Your case may or may not meet them. Therefore, it is best to find more than one financer so that your chances of getting approved, by at least one, are higher.

Fill Out an Application

Most legal funding for personal injury cases begins with filling out an online application. It requires basic details such as type of case, case details, your attorney details, and contact information. The firm will use these details to study your subject and evaluate its worth. Based on their valuations, they will approve the amount given out.

Firms will evaluate the case based on the success rate of similar topics, whether you are at fault, the jurisdiction of the case, and the adeptness of your lawyer. Since financing is risky as you may get a lower settlement than expected, they will study all the factors before approving your funding.

Cases Eligible for Funding

Personal injury cases include motor accidents, slips, and falls, medical malpractice, product liability, construction accidents, and many more. If your claim does not belong to any of these categories, the firm will assess the likelihood of a win and then approve your payout. From just under 40% of first-timers for litigation finance in 2017 to about 65% in 2021, the numbers favor the practice.

Payout Within 24 Hours

Since legal funding for these cases does not require a credit check, they are approved quickly. The firm will review your claim, check facts and figures, and support the funding. Once approved, they can payout in less than 24 hours.

Lower Borrowing Rates

Since funding firms are pretty sure about your win, they finance your case at low-interest rates. They do not need your credit history or employment details, so you can be assured that it will not impact your credit score.

Personal injury cases can drain out your finances and force you to settle for an amount much lower than you deserve. With legal funding for personal injury cases needing little background verification, you can get financing quickly and easily and continue to battle it out for the big win.

Additional resources: 

• JJS Justice recommends speaking with trustworthy personal injury lawyers to get leads for financing options 
• Common mistakes when making a personal injury claim 
• Tips to think about when hiring a lawyer