Legal funding is basically a loan. It is a lot different than other loans that you may try for in that they are for those who have been injured and have a case that could win them money that they need to take care of their responsibilities. There are times when you may have been injured due to the neglect or fault of someone else. This injury could have made it impossible for your to work. In this case, it would probably be impossible to file a lawsuit, even if you an open and shut case. Legal funding would give you the financial ability to file a case and you would not have to pay back the loan if you lose.
How Eligibility Is Determined
The biggest thing is whether or not you have a case. The funding is based on the likeliness of whether or not you will win. If you have a strong case then you are more likely to be awarded a loan. You don’t have to go through a credit check. You don’t need proof of employment. All you need is a website like this website to help guide you through the process. Not only will you see how easy it is to apply, but you will also see that this is a loan that isn’t going to be impossible to pay back.
Getting The Money
Here is another big difference between traditional loans and legal funding: NO BANK ACCOUNT REQUIRED. They will help you to get your money to you. Western Union, Money Gram, and even next day delivery are all options. If you do have a bank account, you can get your money direct deposited. This is a process to help you get what you need after your have been injured. It isn’t about the bank. It is about you and your family. The process is easier and smoother. For the most part, you can do it all online, and expect to see your money in about 24-hours.
What YOU need to do
Before you go any further, you need to take the time to understand your case. Know what you’re asking for. Fully understand what you are worth and what your injury cost you. Do not ever let anyone talk down to you. Don’t let anyone tell you that you have to make choices by a deadline when it comes to loans. You should be able to take all the time that you need to decide what you want to do with your case. You should look at all your options and understand all of your options before you make a choice. This way you know what you are going to be responsible for paying back. Legal loans and Legal Funding are not the same thing. Legal loans are your responsibility to pay back. It can be confusing so take your time while you try to decide your next step. This way you know what you need to know and don’t feel like you are being bullied.