Progression of Obtaining a Lawsuit Cash Advance
A very frequent question we receive at LawLeaf is the progression of obtaining a lawsuit cash advance. A lawsuit cash advance can mean an advance against a pending injury claim, a business ie. commercial litigation dispute, structured settlement or attorney funding. The progression begins with an application. The quickest way for LawLeaf to process your information is through an online application. The application contains very general information pertaining to your request. We use this information prior to contacting you and your attorney. Once LawLeaf receives your information the processing of information begins. Your information is passed off to one of our representatives who will evaluate your claim and immediately contact you regarding your request. Because LawLeaf works diligently in getting their clients into lawsuit cash advances quickly, this is typically the first of two conversations you will have with your representative. Once we have spoken to you regarding your request, we will be in direct contact with your attorney’s office. Our representatives will ask for certain case documents depending upon your claim. When LawLeaf receives this information from your attorney we will immediately send it to our partnered underwriters for an approval. This process typically can sometimes take less than a day. We have been successful in many cases in getting our clients approved the same day an online application is completed.
Things that can delay the application process:
- Attorney is out of the office an no one in the office has access to case documents
- We can’t get a hold of the applicant
- The pending claim is too premature meaning case documents have not yet been completed
- Applicant has not yet hired legal representation for their claim
Things that can speed up the process:
- Attorney submits case documents at the request of the client without filling out an online application
- Applicant makes the attorney aware LawLeaf will be in contact with them
- The documents are submitted soon after the initial phone call to the attorney
- The claim has already reached a settlement and claimant is awaiting for compensation (Post settlement funding)
At LawLeaf we understand the importance of a lawsuit cash advance and we make every effort in streamlining the process for you. We have the reputation throughout this industry of providing our clients with faster turnarounds at competitive rates. We understand that most applicants are applying for lawsuit funding because they are in financial trouble. This is why we are committed to each client throughout the funding process. If you are interested in obtaining a lawsuit cash advance, begin by applying online with LawLeaf today.
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You state one of the things that can hold up the progress of obtaining a cash advance is that the “pending claim is too premature”. What time frame are you referring to? My husband was a passenger in a serious car accident on 4/14. We hired a lawyer within days while my husband was still in the hospital. We have not had any income since then and would really like to obtain an advance if we could find one with reasonable fees.
When we refer to a premature settlement we are referring to a victim settling their case without fully evaluating their losses. Before you reach a settlement with an insurance company its important that you evaluate all expenses including ongoing medical expenses and loss of wages. When a plaintiff decides to settle a claim they may not go back to the insurance company at a later date and request additional compensation. One of the main reasons why plaintiffs will secure lawsuit cash advances is because the insurance company is unwilling to provide “full compensation” including those additional expenses such as future medical expenses and potential salary or wage loses. This is what we would consider a premature settlement.