PS Finance provides funding to plaintiffs in personal injury lawsuits. It can take months – even years – for a personal injury claim to go to trial or be resolved. Lawsuit funding addresses the needs of plaintiffs in personal injury lawsuits who need for cash while they wait for their lawsuits to settle or go to trial.
Traditionally, those who have been injured in an accident or by the result of the negligence of others do not have to pay up-front for legal representation. Instead, personal injury attorneys represent such parties on a contingency basis. That is, the attorney is paid out of the settlement proceeds he secures for his or her client. Should the attorney fail to secure a settlement or an award from the court, the client owes the attorney nothing.
Over the years, lawsuit funding has expanded from personal injury claims to include funding for businesses involved in commercial legal claims, as well as those involved in divorce and inheritance claims.
Money provided via lawsuit funding is advanced to the client on a non-recourse basis. That means that the advance is only repaid if and when the client and his or her attorney secure a settlement from their claim. Should the client and his or her attorney go to trial and lose, the client keeps the money and owes the lawsuit funding company nothing!
Lawsuit funding is a unique financial service. There is no credit check and no employment verification because repayment of the funding is not based on the recipient’s ability to repay it from his or her income. Instead, funding is advanced based on the strength of the applicant’s legal claim. Also, lawsuit funding is not repaid via monthly payments like an auto loan or credit card. The funds advanced are repaid by the attorney when the funds from the settlement are disbursed.
Most importantly, lawsuit funding is risk-free! There are no out-of-pocket fees, and the funding is only repaid when the lawsuit is settled. If the lawsuit is unsuccessful, then the plaintiff owes the lawsuit funding company nothing.
To find out how much you may qualify for in funding for your lawsuit, click on the “get a quote today!” tab or call us toll free at 866-FUNDS-NOW (866-386-3766).