25 May What to Keep In Mind When Choosing a Legal Funding Company
If you are a plaintiff in a personal injury case, it can be hard to get back on your feet. Bills can be piling up and your head might be spinning on how to afford them since you are missing out on lost wages. Many plaintiffs might feel pressured to accept a lower settlement in hopes to return to some degree of financial stability. But, they don’t have to with pre-settlement funding. Through a legal funding company, a plaintiff can use the pre-settlement funding to help pay their bills and expenses, while also providing themselves the ability to get the larger settlement they deserve. However, if you know you that you need pre-settlement funding, how can you properly pick a legal funding company?
Well, there are a few things to consider. The first is your financial situation/status. If you are truly in need of the money right now, then pre-settlement funding can be the answer you are looking for. Check out these four things to consider when searching for a legal funding company:
- Know what a legal funding company provides. They may promise you certain things, but understand what they are. If they are promising you quick and easy approval with no requirement to pay back if you lose, know that this is the industry standard. They aren’t doing you a favor by providing what should be provided.
- Look for positive reviews. If you find a legal funding company with great reviews from clients and lawyers, and also a great track record, then you might have found yourself a winner.
- Find a legal funding company that keeps an open dialogue. If you are having trouble communicating with them about your pre-settlement funding, then it can be a sign of problems ahead.
- Talk to your lawyer about using a legal funding company. They will need to give their approval before you are able to go ahead on getting a pre-settlement loan.
Now is the time to secure your financial future while you await your settlement. Don’t settle for anything less than the amount you deserve. Make sure you receive the money that should be awarded to you by calling us at 1-800-922-7439 today. We are available 24/7, because we know the world doesn’t stop for anybody. So, let CLF have your back by helping you get back on your feet.