Just what exactly is lawsuit funding? Also known as legal funding, litigation financing or pre settlement funding, lawsuit funding is a way for plaintiffs in personal injury lawsuits to obtain money by pledging potential proceeds from a lawsut. Unlike a loan, lawsuit funding is non-recourse, meaning that if a plaintiff does not win a lawsuit, then the funding is not repaid. In addition, there are no monthly charges or fees associated with legal funding. Plaintiffs only repay the funded amount when (and if) a settlement or verdict is reached.
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