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Pre-Settlement Lawsuit Funding: Frequently Asked Questions
| What Is Lawsuit Funding? |
| Lawsuit funding, also known as litigation funding, legal funding and pre-settlement funding, provides the plaintiff in a lawsuit advance funding for the potential future legal settlement. Lawsuit funding enables the plaintiff to cover living expenses over the months or years it may take to settle the lawsuit. Lawsuit funding evens out the playing field for the victim, giving them time needed against well-funded insurance and corporate lawyers.
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| Is Lawsuit Funding A Loan? |
| No. Lawsuit funding is a non-recourse funding source, which means it is a no risk cash advance against the potential future lawsuit settlement. If you lose your case, you are not responsible to pay the funding back. Because lawsuit funding is not a loan, there are no credit checks and employment status is not a factor.
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| What Types Of Cases Qualify For Lawsuit Advance Funding? |
| Lawsuit funding can be provided for a wide range of Personal Injury lawsuits, including motor vehicle accidents, product liability cases, negligence, wrongful death, and premises liability. Other cases thay may qualify include wrongful termination, job discrimination, sexual harassment, and workers compensation. For a complete list, go to our Lawsuit Funding--Types Of Cases page. If you're not sure about your case, please call or submit a Request-A-Quote form and we will provide you an assessment of your case.
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| How Much Funding Is Available With Litigation Funding? |
| P & T Financial buys only a portion of your case, generally between 10% and 20% of the estimated value of your case's settlement. The amount we'll buy for any specific case depends on your needs, the quality of the case and the estimated length of time required to complete the lawsuit. Most lawsuit advances are betweeen $2,000 and $25,000, however for worthy cases the funding can be much higher.
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| What Are The Costs Of Pre-Settlement Lawsuit Funding? |
| There are no up-front costs and no monthly costs with Lawsuit Funding because it is not a loan. Instead, we agree to buy a portion of your ultimate case settlement for a quoted price. If you lose your case, you pay nothing. If your case settles for less than your lawsuit funding, you do not pay the difference.
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| Can I Set Up My Lawsuit Funding As Monthly Payments? |
| Yes, we are happy to arrange your lawsuit funding as monthly payments to help meet your financial needs. For example, we might schedule to pay you $2,000/month for 6 months. You can choose to stop the payments at any time you decide.
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| How Are You Involved With My Case? |
| We are not involved in your case in any way. You and your attorney retain complete control of the case and any settlement negotiations. We only get involved after the case is settled to obtain our agreed portion of the settlement.
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P & T Financial has expertise in lawsuit funding in California, including San Diego, Irvine, Santa Ana, Long Beach, Riverside, Los Angeles, Santa Barbara, Bakersfield, Fresno, Modesto, Sacramento, Stockton, San Francisco, San Jose, Oakland and Redding, Anaheim, Chula Vista, Fremont, Irvine, Glendale, San Bernardino, Huntington Beach, Oxnard, Fontane, Moreno Valley, Oceanside, Rancho Cucamonga, Santa Clarita, Garden Grove, Ontario, Pomona, Santa Rosa, Salinas, Palmdale, Hayward, Pasadena, Torrance, Corona, Lancaster, Escondido, Orange, Elk Grove, Sunnyvale, Fullerton, Thousand Oaks, El Monte, Simi Valley, Concord, Visalia, Vallejo, Inglewood and Santa Clara geographic markets.
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