Can I Get a Cash Advance On a Pending Lawsuit?

cash-advance

When you are in the middle of a legal process, you may be juggling several worries at once. You might be dealing with injuries that require constant medical care, physical therapy sessions, or even surgery. You may also be trying to get your car repaired if this lawsuit relates to a car accident. You may require funds because you have been unable to return to your job or simply meet your family’s daily needs while the lawsuit is ongoing. This stress and anxiety may also be wreaking havoc on your health. Is there any way you might get some financial relief before the case is settled, or before you win a judgment?

Getting a Cash Advance on Your Pending Lawsuit

At Pinnacle Legal Funding, we specialize in cash advances for individuals trying to alleviate their financial distress while waiting for a resolution to their pending lawsuit. There are several advantages offered by these loans discussed below.

A Way to Tide You Over

A lawsuit loan can provide you with a way to take care of your mounting bills and reduced income. Having these funds at hand may allow you to make your rent or mortgage payments on time and avoid further penalties. You may also need to make your car payments or to take care of your medical expenses, just to name a few examples.

Giving You the Possibility of Negotiating a More Favorable Settlement

Suppose you are watching your available income or savings dwindle to nothing while waiting for the resolution of your lawsuit. In that case, you may feel desperate enough to accept the first (and most likely lowest) offer made by the defendant, their insurance, or their lawyer.

Having some available funds may allow both you and your attorney to negotiate with the defendant from a position of strength. It may also give you the financial wherewithal to go to trial and fight to get the full compensation you deserve.

How much money can you qualify for?

In most cases, the amount you would receive would be the equivalent of 10 to 20% of your case’s full monetary value. Before applying for the loan, ask your attorney to provide you with your case’s estimated value. Knowing how much you can expect will better help you manage your expenses down the line.

How can you receive your cash advance?

At Pinnacle Legal Funding, we offer fast and efficient service. To qualify for your loan, you should have all your case documents, which include:

If you do not have the above documents, your lawyer can provide them for you.

Frequently Asked Questions

What happens with the money I receive as a cash advance if I lose my case?

You will only have to repay the loan if you win the case. Cash advances offered by Pinnacle Legal Funding are non-recourse, meaning that they do not carry any risk because repayment is contingent upon you winning a recovery. In short, it means that should you lose your case, you would keep the money and suffer no consequences.

What rates would I have to pay?

This is an important question and one that you should ask every time you get a loan, before signing any document on the dotted line. At Pinnacle Legal Funding, we assign our rates based on the risk profile of your particular case. Also, we pride ourselves on providing our customers with all the data they will need to make an informed decision on their cash advances before receiving the funds.

Will I be required to make early paybacks or monthly payments?

At Pinnacle Legal Funding, you will never feel pressured for early paybacks or monthly payments. You will get charged nothing until, and only if, your case is settled or if you receive a favorable outcome during the trial. There is no application fee, there are no hidden fees, and you never have to make monthly payments.

Is getting a cash advance on a pending lawsuit the right option for me?

Cash advance loans for pending lawsuits were designed precisely for people like you. Talk to your lawyer to get a clearer idea of the expected time frame. If your case is about to settle or if the trial is far enough along that a resolution is imminent, you might consider waiting to receive your compensation. Otherwise, a cash advance against your lawsuit may be the lifesaver you need now.

At Pinnacle Legal Funding, we understand that you may not be feeling financially stable while dealing with the costs and expenses related to your lawsuit.

Pinnacle Legal Funding is here to help when you need a cash advance on a pending lawsuit.

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