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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 |
When Funding Makes Sense
When a client needs money for living expense while he or she awaits the outcome of a pending lawsuit, there are a number of sources he or she can turn to. These include savings, borrowing against retirement accounts, getting a loan against a life insurance policy, securing a traditional loan or drawing on a line of credit. However, if these options are not available, a lawsuit advance makes sense. |
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Already Tight Budget
If a client cannot shoulder another monthly payment, getting a traditional loan to pay living expenses has the downside that it creates another bill that has to be paid each month, effectively increasing the client’s monthly outgo of cash! Since a lawsuit advance does require monthly payments, it produces an infusion of cash, but does not also create another payment that has to be met each month. |
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Poor Credit
A lawsuit advance is the only option left for the client does not qualify for a traditional loan. If your client cannot work, and he or she falls behind on his or her obligations, it becomes very difficult to secure a conventional loan. For the client who does not qualify for a traditional loan or line of credit, litigation funding is the only source of financing available because approval is not based on the applicant’s credit rating. |
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Client Is Out of Work
Just as a bank will not loan money to an applicant with poor credit, it will also not loan money to an applicant who cannot show a source of income. For the client who is unable to work or who will not be going back to work for some time, a lawsuit cash advance is the only viable financing option available. Since the advance is paid back from the proceeds of the lawsuit, not the applicant’s income stream, there is no employment requirement. |
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Cannot Pay Back a Loan from Other Sources
If your client qualifies for and receives a traditional loan, and you and your client are forced to abandon the case or you lose at trial, your client has to repay the traditional loan in full, regardless of his or her ability to do so! A lawsuit advance is designed to address the unique needs of a plaintiff awaiting the proceeds of a settlement since the advance is only repaid if and when you reach an out-of-court settlement or you win the case! |
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Immediate Financial Need
For the client in imminent financial need – he or she is facing foreclosure, eviction or repossession – litigation financing is often the fastest way to raise the cash he or she needs. As soon as LawMax receives the supporting documentation we need, we make a funding decision in 48 hours! We will even overnight the check to your client! |
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| About LawMax | Apply On-Line | When Funding Makes Sense | The Funding Process | The LawMax Network | Frequently Asked Questions | Contact LawMax | |
