Can I Get a Cash Advance On a Pending Lawsuit?
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:
- Your filed complaint
- Key medical reports
- Your demand letter
- The police report (in personal injury cases)
If you do not have the above documents, your lawyer can provide them for you.
Frequently Asked Questions
Pinnacle Legal Funding is here to help when you need a cash advance on a pending lawsuit.