Lawsuit Settlement Loan Survey

A settlement loan can be defined as pre settlement funding, post settlement funding or structured settlement funding. LawLeaf conducted a survey to find out why more people are beginning to rely on lawsuit funding as an alternative method of financing. The survey was conducted in the month of January. LawLeaf randomly interviewed 100 applicants in the month of January to find out why they were seeking a settlement loan.

The results proved that over 93% of the applicants decided to apply for a settlement loan due to tough financial times. The study showed that the majority of the
applicants were looking to supplement loss of wages or job loss. The survey also showed some applicants decided to rely on lawsuit funding to help pay for rent, medical expenses and other out of pocket expenses to help them get through the legal process.

4% of the applicants decided to apply for a settlement loan because they lost confidence in their attorney’s ability to win compensation from their case. Non-recourse funding was a deciding factor for these applicants. Only 3% applied for a settlement loan as a result of strengthening their financial position through investment opportunities.

55% of the applicants surveyed were denied or believed they would be denied for alternative funding such as a personal loan or credit card. 28% of the applicants applied for a settlement loan in hopes their lawyers could get more money out of their lawsuit without having to settle prematurely.

83% of the applicants were applying for pre-settlement and 17% were post settlement funding.

*These numbers are based upon a survey that LawLeaf conducted over the phone in January of 2010. These numbers are a small sampling of the applicants for the month
of January. The applicants were randomly chosen.

Questions:

• 1- What type of funding are you applying for with LawLeaf? Pre settlement funding or post settlement funding?
• 2- Why are you applying for a settlement loan?
• 3- Are you applying for lawsuit funding because of a loss of wages, loss of job or tough financial times?
• 4- Have you looked at alternative funding sources such as a personal bank loan or opening up a credit card?
• 5- Do you believe you would be denied for alternative methods of funding?
• 6- Are you confidence that your attorney will win compensation for your case?
• 7- Do you believe by accepting a settlement loan it will help improve your chances of getting more money from your case?
• 8-Would you like to provide additional information regarding why you are applying for lawsuit funding?

If you are currently searching for lawsuit funding begin by applying online at LawLeaf. LawLeaf, a leading online lawsuit funding company provides settlement loan
services throughout the United States and Canada.

Injury Lawsuit Funding

If you have been involved in an accident that resulted in an injury, you may be considering injury lawsuit funding against future compensation. A person that has been injured as a result of negligence may be entitled to compensation under personal injury law. Injury lawsuit funding is a means of securing a cash advance against a settled or pending lawsuit. Injury lawsuit funding also referred to as lawsuit funding or pre settlement funding is a non recourse loan provided by a company with the agreement if you win compensation you pay back the loan with interest.

Injury lawsuit funding can provide you with the financial relief needed to continue the lawsuit without having to settle for less than fair compensation. It can be provided by a plaintiff that has the representation of an attorney. In most cases plaintiffs can secure between 5% to 20% of the total worth of their claim.

Below we have provided several questions and answers that most plaintiffs have when considering injury settlement funding.

If I lose my case do I have to pay back the loan?

No- If you apply for injury lawsuit funding with LawLeaf you will be provided with a non recourse loan. This means if you lose your claim, you owe nothing.

What type of cases are you accepting?

LawLeaf provides funding options for almost all types of personal injury cases. If you have been involved in an accident due to the negligence of another person or entity, we will consider your case.

How long does it take to secure funding with LawLeaf?

The amount of time can range depending upon how quickly we receive case documents from your attorney. We have been successful in getting approvals within hours of the submission process.

How much money can I get for my lawsuit?

The amount of money will depend upon your lawsuit. We can generally secure between 5%-20% of the total value of your claim.

If I apply with LawLeaf will you immediately review my application?

Yes, we have the resources in place to immediately begin reviewing your application once we’ve received it.

How much money will I have to pay back if I receive funding?

If you win compensation from your claim you will need to pay back the loan with interest. Rates generally range from 2.5% and up compounded monthly. We can also look at securing fixed rates depending upon your claim.

How can I apply with LawLeaf?

You can simply fill in an online application or contact LawLeaf toll free.

If you are considering injury lawsuit funding, begin by applying online with LawLeaf today.

When to Secure Funding

Before applying for lawsuit funding with any company you should first evaluate your financial situation. It is likely that you are inquiring about alternative funding because you are in financial hardship like so many others throughout the United States. You may need a few dollars to tie you over until your next paycheck or perhaps you need several thousand dollars to help pay for medical expenses or a mortgage. Regardless of the amount you should first look thoroughly at your financial situation prior to requesting an amount.

A settlement loan can certainly be useful especially if you’ve lost your job or having a hard time during this recession. But before you decide a cash amount, it’s important to fully understand that it may be hard to request additional funding at a later date. While LawLeaf has been successful in securing second rounds of funding for its clients, it becomes much more difficult to pull additional monies out of a lawsuit.

At LawLeaf we help our clients secure funding for personal injury, commercial disputes, structured settlement payouts and even attorney funding. Prior to any application going under review we’ve come up with a process in which we make it mandatory for each lender to phone a client during the funding process. While many companies will provide funding without a simple phone call, we prefer that our lenders contact our clients to inform them about the funding process. We have also informed our lenders to be prepared to speak with our clients regarding their financial situation if need be. While we never will intrude in your financial matters we certainly can be of assistance if you are considering funding more or less against a lawsuit.

If you are currently searching for a lawsuit cash advance, begin by applying online with LawLeaf today.

Obtaining Lawsuit Documents

If you are currently evaluating lawsuit funding as an option you may already know about obtaining lawsuit documents. Below are a few questions and answers regarding obtaining case documents for a lawsuit advance.

What type of documents are required by your company?

When we begin looking at an application we will determine which documents are needed in order to process the application. The documents are different for certain cases such as a personal injury vs. commercial litigation.

How do you obtain documents for a case?

Once a representative has spoken with you regarding your request we will be in contact with the attorney. Our company will contact your attorney and request the required documentation from your attorney. This documentsation will be used to assess your claim.

My attorney is rarely available. If you can’t reach my attorney how will you obtain the documents?

LawLeaf can work with your attorney or others within the law firm. We sometimes will receive documents from a secratary or paralegal. While we will continue trying to contact your attorney regarding your claim its no necessary that the case documents come from the attorney.

What if my attorney is not cooperating?

We are very successful in obtaining documentation from law firms. We will follow-up with your attorney on your behalf and explain the importance of a lawsuit cash advance for your case. We will also answer any questions regarding LawLeaf and our underwriters. If the attorney is still unwilling to cooperate with our request we can coach you on getting your attorney to cooperate.

How does the attorney know which case documents to send?

We will immediately fax over an attorney a case documentation request. The request will include the types of documents needed to begin processing an application.

What if the documents don’t exist?

We will need to find out why the documents don’t exist. Chances are if the documents don’t exist your case is fairly new. We will have to sometimes wait a little longer in order to get the necessary documentation for an approval.

*For those plaintiffs having a hard time getting case documents from an attorney we will work with you on the best way to approach your attorney. A client can play a significant role in obtaining documentation from their claim.

If you are currently searching for lawsuit advance begin by applying online with LawLeaf today.

Settlement Cash

If you are searching for a company that offers settlement cash before or after a claim has settled begin by applying online with LawLeaf. LawLeaf provides settlement cash to clients that have been involved in personal injury and commercial litigation claims. The settlement cash industry is booming due to the slow down in the economy and the unwillingness of insurance companies to provide fair settlement offers to claimants. Settlement cash is oftentimes used as a stop gap between a full payout or less than adequate settlement offer. By securing settlement cash the plaintiff will have the ability to wait longer in hopes of more compensation giving the attorney more leverage to fight for fair compensation for their client.

LawLeaf is a company that believes every person should have the right to seek fair compensation for their claim. We believe if a person is hurt physically, emotionally or financially they should be entitled to full compensation for damages. What we frown upon is insurance companies taking advantage of claimants and forcing them into smaller settlement offers. The insurance industry is making record breaking profits because they have a formula that has been working for years. They intend to take in more than they disburse. This means smaller payouts to claimants regardless of the damages. It is no coincidence that while the rest of America is hurting these insurance companies are generating record breaking years on our expense. A Settlement cash advance can now play a major role in the ability for the claimant to hold out for a larger settlement offer.

At LawLeaf we are committed to providing our clients with the best rates available to us. We believe that our clients are best served by competitive rates and faster approvals. If you are currently searching for a settlement cash advance begin by applying online with LawLeaf today.

We provide settlement cash throughout the United States: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming and the District of Columbia D.C.

Random Funding Options:

• Pre settlement funding
• Commercial litigation financing
• Structured Settlement

Class Action Labor Law

There has been a class action law suit initiated against my employer that was not initiated by me, but the class action suit represents my job class, therefore if the case is successful I will receive a portion of the settlement. My question is, is it possible to obtain a settlement loan even though I am not specifically named in the class action?

Contract for Legal Financing

I was recently approved for legal financing using your company. My attorney has looked over the contract that the company sent and he has questions regarding two of the items. We tried contacting your company today by phone and we were unable to reach someone. I got a call back tonight by one of your representatives that was working on my financing. He told me that they will be in contact with my attorney on Monday. When I called my attorney back he told me he was out of the office until Wednesday but he would be happy to have another attorney at his office talk to the representative. I know that your company requests that the acting attorney be involved in the process and I was hoping this would not be an issue. I really need the money and we don’t want to hold this out until mid next week at the earliest. I didn’t get a chance to contact my representative because I was going out the door. I just tried calling him but I got his voicemail. Can you please confirm that this will be fine? The two items that he had a question about in no way should really effect our decision to accept your offer. He just wanted I believe clarification on the payment and confirmation on how the payment is split once the case goes into settlement mode. I told him there is no problem and the payments will be paid to him first. I don’t think he’s ever dealt with legal financing companies.

Approved For a Settlement Loan

I recently signed up through the Law Leaf Advantage program that was promoted through your website here and the main site. I found out today that a lender approved me for a settlement loan for my lawsuit. This was a pre settlement loan and not the other type that you offer. I am very or should I say extremely impressed with your services but I have one minor issue that I would like your assistance with before proceeding in accepting the settlement loan terms and agreement. When I applied with your company I suggested a certain amount of money. This money will be used to get me out of the financial hole I’ve dug myself into over the last year. Its important that I get the full requested amount because when I add up all my debt, bills and upcoming payments, its mission critical that I have enough money to pay off all the bills I’ve incurred so foolishly! The issue that I have is the amount of money that was offered is about 1K less than what I need. We are so close to the mark I can’t see any reason to loan me an additional 1K against my lawsuit. The difference of adding an additional 1K should be nothing considering the amount that was offered.

I was very specific when I applied with Law Leaf that I needed the FULL amount of money. While the settlement loan is generous enough and I’m very grateful for your company’s effort during this process, I really need (PLEASE!!!) the extra thousand. While it may seem small in comparison to my overall loan, it’s important that I get the full amount. I have not talked to the lender yet but I suppose I will be in contact first thing in the morning. I’m affraid prior to talking to someone at Law Leaf I may screw this thing up. Can you help please!!?? What should I do and how do you want to handle this? Can you contact the company for me or is this something that I will need to do? I need your help this one last time.

Washington DC Settlement Loan

I was involved in a car accident coming into Washington DC on Mass. Avenue. I was on my way to a business appointment when a car blind sided me after running a red light. I am actually not from DC but my case and claim is being filed within the District. I hired a lawyer in DC to handle my case. I’m not 100% sure how this process works so please bare with me on these questions. I already know you provide settlement funding for car accidents in Washington DC but not sure how you handle cases that the victim is from a different area. I am not living in the area and need to be sure if I still can qualify for a settlement loan. The driver of the other car has full coverage which means my attorney tells me their is a good chance of getting full compensation out of my case. This means for me that my medical bills and my loss of wages should be able to get paid off unless something crazy happens. I would like to apply for a larger amount of money but I don’t know how much I may apply for or what percentage of our estimated value of the case I can get. My last question is I don’t really have great credit although I am paying on all my debt. I’m hoping that your firm does not run credit reports because I have less than good credit to say the least. If you can please answer the questions I think I’ll be ready to sign up for settlement funding with your company. I thank you very much for your help during this process.

Another Settlement Loan

I had a case out of Dallas last month that was funded by one of your lenders. I recently applied for another settlement loan with them and never heard back. I’m not sure if I should just go ahead and sign back up with your company or just deal with that lender directly? I do know that when I was approved I could have gotten more money but I decided against it at the time because I believed that my case was going to get settled sooner than later. Turns out that my case is going through a longer process than expected. It is a personal injury case and I need around another $5,000 settlement loan. Just wondering if it would help move the process along a little more quicker if I just dealt with you because I haven’t heard back from them? Please advice me of what I should do. I didn’t sign up again because I wasn’t sure.

Tags: Dallas Settlement Loan

Personal Injury case in Utah

My case is against an insurance company who no longer is dealing with me but my lawyer. I was in a car accident in Utah and was dealing directly with the insurance company before I hired a lawyer. It is a personal injury case. I hired a personal injury lawyer because the insurance company decided to turn against me half way through negotiating a settlement and from what I’m hearing this is common. My attorney told me that I may have hurt the case a bit because I gave too much information to them regarding my accident. My representative completely ear hold me after I gave some information that I probably shouldn’t have given. When I asked my attorney about fronting me cash he told me that he wasn’t allowed. I’m nervous about the funding process because now I’m thinking I’ve hurt my case and a company will not want to work with me. I’ve tried getting a settlement loan from two companies and neither of the companies would follow-up with me. I wasn’t sure if this was because of what has happened or not. What is your take? Do I have a chance of getting a cash advance using the Law Leaf service? I really need the money.

Tags: Utah Lawsuit Funding

Question From My Attorney

I talked to my attorney yesterday in reference to getting a settlement loan for a car accident I had last year in Detroit Michigan. My attorney told me that if I decided to try to get the loan that he would first need to speak with the company that provided me with the money. He did have one question he asked me to ask your company. If I decided to get a loan from one of your lenders will they try to interfere with my case? My attorney is very adamant that if I get a settlement with your company or a similar company that they do not interfere in any way with my case. We’ve decided to no settle on my case and this is why its taking so long.

Tags: Detroit Lawsuit Funding

Car Accident Settlement Loan

I was involved in a car accident last year and I’m searching for a company that provides decent rates for settlement loans. I have contacted many different companies earlier this year and they told me they were interested in my case but because of the medical records and the ongoing stuff the companies would only fund my case up to a certain amount of money, I think it was about 20K. I didn’t take any of these offers at the time. I just now got done all my ongoing medical treatments and therapy sessions and while I’ll never 100% recover from the accident I’m about 95% there. I met with my attorney last week and he told me we were ready to move forward with the case (he has been all along). We now have a more solid understanding of how much compensation we are going to get out of the case. My case is going to be much larger because of the injury etc. While investigating applying for a settlement loan I came across an article from your company outlining the specifics of how much money a case was worth etc. I found it very informative but I do have one question about applying for a settlement loan. The article talked about strength of case is how these settlement loan companies will evaluate whether they will give you a loan and how much for. Can you please explain how this would relate to a settlement loan for a car accident?

I am also interested in finding out how much money your company believes my case is worth and how much of a settlement loan I would be able to get. My attorney believes we are probably a few more months away before I get a check from the insurance company and we may even have to go to court.

How Long for a settlement loan

I have a personal injury case in Vermont. The case has been going on for over a year now and I’m considering applying for a settlement loan with a company. Can you let me know exactly how much time it will take - realistically before my case can get funded? I keep on reading less than 24 hours which I highly doubt.  My case is clear cut and should have no hitches - clear negligence on the drivers part.

Tags: Vermont Lawsuit Funding

Application Costs for a settlement loan

I am interested in applying for a settlement loan with your company. I understand you work with a group of companies that specialize in getting settlement loans for cases that have not yet settled. I have a personal injury case and I’m seeking a rather large advance. The problem is that I have no money right now for fees related to this service if any. My question is if I decide to sign up for a settlement loan with Law Leaf will your company or the funding company you deal with charge me an application fee for signing up? If so can you please let me know how much it will cost me and if there are any guarantees such as if I don’t qualify I will get my money back.

Wichita, Kansas

Tags: Kansas Lawsuit Funding

Risk Free Settlement Loans

If I apply for a settlement loan with Law Leaf will it be risk free. By this I mean if I decide to get a settlement loan through your company and my attorney loses my case will I have to pay back the company that provided me the settlement loan? I think I read something about this on another site and wanted to double check this to make sure its correct. I am considering looking into a settlement loan but I don’t want to fall deeper in debt if I lose my case.

I live in Nashville Tennessee and I’m assuming you can also fund cases out of TN?

Tags: Tennessee Lawsuit Funding

Settlement Loan in Louisiana

I posted a question a few days ago regarding a settlement loan in Louisiana. I don’t recall seeing the question on your site. I was involved in a car accident in Louisiana, Baton Rouge to be concise. When the insurance company contacted me they asked me to settle prior to getting a lawyer. I ended up calling a lawyer because they wouldn’t consider any expenses concerning ongoing medical. My lawyer who is a very good personal injury attorney in LA told me that I was correct not telling them any information until they decided on the overall settlement compensation package. I didn’t end up telling them anything about how the accident occurred. When I first applied for a settlement loan with another lawsuit funding company they told me that my case was to premature and they would require additional information from my lawyer. When I contacted my lawyer regarding the issue he told me the information he provided was enough to move forward with a settlement loan. He also told me that he had worked with lawsuit funding companies in the past and never had quite a problem. This brings me here. Can your staff evaluate my information prior to speaking with my lawyer. I don’t want to have him intidated with phone calls by a bunch of different lenders that you work with. It would be fine to have one person from your company call him and get the requested information but I don’t want this to be a horse race. He also wasn’t to fond of the first company that I worked with at all. I just want this process to go as smooth as possible. If your company can work with client in Louisiana getting them settlement loans for car crashes please respond.

Tags: Louisiana Lawsuit Funding

Settlement Loan for Maryland Accident

I am from Baltimore Maryland and I’m searching for a company that will provide me with a settlement loan for a personal injury accident in MD. My case is about an auto accident I had last month. I contacted a company several days ago and they told me that they only do cases when someone is really hurt and wouldn’t be able to give me money for my case. I know that my case is worth a lot of money and still they decided not to give me the settlement loan. What are the chances that a company that you have working with Law Leaf will be able to fund a case like mine. I’m guessing you have some companies that take a lot more case than others. I applied last night and just want to check with your company so I’m prepared to get the information over to your settlement loan company’s.

Tags: Maryland Lawsuit Funding