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Litigation Financing Helps Plaintiffs Maximize Settlement Value
Litigation Financing Removes Financial Stress That Forces Early Settlements
Litigation Financing (also known as Litigation Advance) provides plaintiffs in personal injury lawsuits the cash they need today to meet their financial obligations. Litigation Financing is paid out of the future settlement of the case, and if the plaintiff does not win their case, the litigation financing does not need to be paid back.
Litigation financing is not a loan that needs to be paid back in monthly installments. Litigation financing is a non-recourse transactions, which means it is only paid back out of the proceeds of a successful settlement of the lawsuit. The purpose of litigation financing is to provide plaintiffs in the case cash today that is needed to pay living expenses while the case settlement is pending.
Why Litigation Financing Help Plaintiffs In Personal Injury Lawsuits
It is very common for plaintiffs in personal injury lawsuits to experience financial stress as a result of injuries incurred in an accident and/or loss of income due to an inability to work. Many times in these situations, in order to meet their financial obligations, the victim is forced to settle the case prematurely in order to get needed cash. Corporate defense attorneys use this financial stress against the plaintiff by offering early, lowball settlements. This settlement is very often at a fraction of the value the case is worth. Without the benefit of litigation financing, the victim may receive thousands less than the case deserves.
Litigation financing from P & T Financial levels the playing field for plaintiffs and their attorneys. With the litigation financing providing cash to meet financial obligations, the plaintiff can continue to pursue the case for its full and fair value. It is not uncommon for case settlements to be 3-5 times the amount of early settlement offers.
To see the potential benefits of litigation funding, for both plaintiffs and attorneys, go to the Litigation Financing Attorneys' Information page.
There Are Many Benefits To A Litigation Financing
- No upfront fees
- No monthly payments
- No risk--you only pay when, and if, your case settles successfully
- Employment status and credit rating are not considered
- Covers short-term medical costs resulting from an accident
- Prevents foreclosure actions or eviction
- Provides staying power to maxmize the settlement
- Enables plaiftiffs to meet financial obligations such as child support or tuition
- Fills a need for which banks and other sources of funding will not issue loans
Advantages Of Litigation Financing from P & T Financial
- Value: our low operating costs enable us to provide you the best value in lawsuit funding
- Professionalism: our principals manage each case personally according to our Code of Conduct
- Responsiveness: our streamlined process minimizes the burden of case submittals and results in prompt decisions and fast litigation financing
P & T Financial's Code Of Conduct For Litigation Financing
P & T Financial abides by the following code of conduct:
- We will obtain written acknowledgement from the client's attorney before funding the case
- We agree that the transaction with the client constitutes the entire agreement between P & T and the client
- We will not take any step to acquire ownership in the client's litigation
- We will not interfere or participate in or attempt to influence the client's litigation
- We agree that we will not intentionally advance the client money in excess of the consumer's needs at the time the lawsuit funding is completed
- We agree that we will not advertise false or intentionally misleading information
- We agree that we will not offer or pay commissions or referral fees to any attorney for referring a client
Why not get started now? There's no cost for us to review your situation, provide you clear and complete information, and give a quote for your funding needs. Here's how:
In all cases, we will respond promptly, professionally, and in strict confidence.
P & T Financial is one of California's leading litigation finance companies. Learn more about how we work to provide plaintiffs needed money today throughout California and in the following communities:
P & T Financial provides litigation funding to plaintiffs 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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