Lawsuit loans are miraculous mode of financing the legal responsibilities as well as other urgent requirements of a plaintiff. Therefore, lawsuit settlement funding mode acts as a strong backing support or means of financing that can be of enormous help for a person who is in some way compelled to go for a compromise with the other party by settling down on a nominal amount.
Hence, lawsuit loan is a form of remedial help that can offer financial support to a person whose legal case is awaiting a trial. This prevents him or her from coming on negotiation terms with the opposite party if they are trying to offer very nominal cash amount in lieu of the damages being done by them. Consequently these cash advances offer strength to a claimant by fulfilling his most critical requirements of paying the medical & hospital bills, credit card bills and tuition fee of their kids’ school. So, the plaintiff despite knowing the fact that his opponent is a strong party and he is financially very weak is not forced to bow down in front of them, and remains standing erected enriched with the power of settlement loans. T
Next I would like to talk about the available modes of legal funding payment. Basically there are three methods commonly prevalent which are used by many commercial litigation funding agencies to make payments to their clients.
- Direct cash deposit or transfer to the account- However, the plaintiff must be an account holder which is the prime face requirement for this method
- Western Union Money Transfer-The lawsuit funding agency can transfer the loan amount to borrower’s nearest Western Union location
- In the form of Company’s Check-The legal finance company can transfer the check in the name of borrower using FedEx mode