At Blue Fire Funding, we are experts in lawsuit loans.
Litigation financing is a simple process, and you can have the money you need to survive during the process of your lawsuit within a day or less. Our outstanding customer service, together with fast funding of loans, enables us to provide what you need immediately.
Services rendered by Blue Fire Funding are not to be considered lawsuit loans. The terminology “loan” and “loans” are not correct legal or financial terminology or definitions describing transactions that provide legal cash advances or legal funding. Loans require repayment, which is unlike legal funding which is non-recourse cash advance. Legal funding only requires payment when the plaintiff receives a monetary award or settlement of their case.
What is the difference between a lawsuit loan and a standard loan?
Rather than using any kind of collateral to ensure repayment, lawsuit advances make use of the payment you anticipate to get in your lawsuit resolution as collateral. This type of funding is based on how solid your lawsuit is, and whether it’s likely you will win. You will not be required to provide information about your credit, employment, or any other personal data.
What is required is that you have an injury lawyer representing you in a personal injury lawsuit. Why is this required? Most personal injury attorneys do not take on cases that don’t have value, as they work on a contingency basis – meaning they only get paid if you get paid. The fact that you have a lawyer representing you is proof that your case is not frivolous, and will likely be won in court. Customers can instantly obtain the funds required to pay any bills; which means little delays for you since it may take several months or perhaps years for you claim to conclude.
Your advance is paid back, when your settlement dollars starts being distributed. Furthermore, lawsuit funding help to prevent you from placing yourself in a grave financial predicament, since you only pay back the funding should you win your case. This is certainly motivation enough for individuals who require funds quickly and are not able to hold out until a resolution is reached to get payment.
Give us a call at (866) 800-3500 or check out our immediate service page to have one of our friendly funding experts assist.