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| About LawMax | Apply On-Line | When Funding Makes Sense | The Funding Process | The LawMax Network | Frequently Asked Questions | Contact LawMax | |
| Benefits of a Lawsuit Advance |
| Commercial Lawsuit Funding |
| Funding for Attorneys |
Benefits of a Lawsuit Advance
While a lawsuit advance is not for every plaintiff, clients who cannot secure cash to pay critical bills elsewhere can use litigation funding to cover living expenses while they await the proceeds of their pending settlement. A lawsuit advance offers a number of benefits to the plaintiff in financial need. |
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No Credit Check and No Employment Requirement
Even clients with dreadful credit can qualify for a lawsuit advance. While a traditional loan requires a relatively good credit score, proof of employment and evidence of the applicant’s ability to repay the loan, a lawsuit advance against the expected proceeds of the plaintiff’s claim, not against the client’s assets or income stream. This makes litigation funding a viable alterative for plaintiffs who require funding but who do not qualify for traditional financing and loans. |
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No Up-Front Costs
There are no application fee or other up-front charges to a client. In fact, LawMax believes it is unfair and unreasonable to charge an application fee or other costs to a client who is facing financial hardship. |
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Fast Approvals:
Clients generally receive a check in just a few days. LawMax expedites the application process to ensure fast turn-around out of consideration for the financial pressures your clients may face. |
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No Monthly Payments
There is no monthly repayment schedule. The last thing a plaintiff in financial difficulty needs is another monthly obligation that he or she cannot pay! LawMax is repaid in one lump sum when the case is won or settled out of court. LawMax is paid from the proceeds of settlement when any other lien holders are paid. |
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Non-Recourse
The lawsuit advance only needs to be repaid if you and your client are successful in securing an out of court-settlement or winning your case at trial. If the case is lost or abandoned, you and your client owe LawMax nothing. LawMax is only repaid when the plaintiff receives money from a settlement and is therefore in a position to repay the advance. This factor also makes litigation funding a practical alternative to traditional loans for lawsuit plaintiffs. With a traditional loan, a plaintiff would have to repay the funding, even if he or she had no means of repayment. |
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| About LawMax | Apply On-Line | When Funding Makes Sense | The Funding Process | The LawMax Network | Frequently Asked Questions | Contact LawMax | |
