It is likely that you have seen advertisements regarding litigation funding at one time or another; at Mayfield Settlement Funding, we offer a “cash advance” to those who are expecting a settlement from an insurance company or lawsuit, but who need money immediately. When you need to pay bills, medical expenses and other costs, waiting for your settlement can put you under an enormous amount of financial stress. Litigation funding enables you to have access to your money now, when you need it most.The process of obtaining a loan is quite simple; with litigation funding, the collateral is actually the money you expect to win in your settlement, whereas with other types of lenders you must provide physical collateral such as your home, car or other property of substantial value in order to ensure repayment of the loan. Lenders who offer litigation funding are confident that you will win your settlement prior to approving your loan, and realize that you will be capable of repaying the loan without difficulty. You will receive your money quickly; your eventual settlement will provide you with the money to repay the litigation funding company so that you avoid out-of-pocket expenses.
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If you have filed a lawsuit due to injuries suffered because of someone else’s negligence, you may be unable to work. Medical expenses add to your financial burden, and you may find it difficult to stay current with your mortgage or other financial obligations. Litigation funding provides you with the money you need to stay afloat and live comfortably while waiting for your lawsuit to settle. The inability to pay your bills on time could eventually lead to ruin of your credit rating; this can all be avoided through litigation funding. Imagine the stress and frustration that can be lifted off of your shoulders when you find a solution that allows you to continue on with life normally while waiting for your settlement.
There are numerous lenders who offer litigation funding, however it is essential that you locate a reputable lender who offers low interest rates and agreeable terms. The majority of lenders offer lawsuit funding with a guarantee that should you not be awarded your settlement, you owe nothing to the lender. In other words, should you lose your lawsuit, you will not be required to repay the loan. This gives you an added measure of comfort, knowing that in the event you are not successful in the courtroom you will not be burdened even further financially.
At Mayfield Settlement Funding, we specialize in litigation funding and helping individuals enjoy the financial relief they need while waiting on their settlement.
Call us at (855) 851-5249 or visit our immediate service page to have one of our friendly litigation funding specialists assist you today.