Rapid Legal Finance

Are you looking for a personal injury lawsuit loan? These “loans” given to personal injury plaintiffs are actually “cash advances”, because they are not repaid until settlement and are non-recourse in nature (the personal injury plaintiff does not have to pay the money back if he loses the case).

I came across this acrticle today and thought it presented personal injury loans very simply, as well as other types of cases that may qualify for lawsuit loans. Joel McLaughlin of OfficialWire writes, “The most frequent cause of personal injury is automobile accidents. Whether the person was driving under the influence, texting on a cell phone, or ran a stop sign does not matter. If they caused the accident because of negligence, you may suffer serious injury. Claims of this type are very common, and many plaintiffs apply for pre-settlement funding so that they won’t suffer financially while waiting for the case to settle.” Read the full article here.

In addition to personal injury cases, we help plaintiffs who have many other types of cases. If you are unsure whether you qualify, just email us with your question. Regardless of your case type, and given the fact that this lawsuit loan is non-recourse, your case needs to be fully evaluated by an underwriter at a funding source before you will be approved for a cash advance. Once we have the adequate paperwork from your attorney, we usually know within a couple days if you qualify for a lawsuit loan.

A week or so ago, I flipped through the cable channels and came across the movie Erin Brockovich. The movie came out in 2000 and I enjoyed it then, but this time it caught my attention for an altogether different reason.

The story goes: Erin Brockovich is an unemployed single mother, desperate to find a job, but is having no luck. This losing streak even extends to a failed lawsuit against a doctor in a car accident she was in. With no alternative, she successfully browbeats her lawyer to give her a job in compensation for the loss. While no one takes her seriously, with her trashy clothes and earthy manners, that soon changes when she begins to investigate a suspicious real estate case involving the Pacific Gas & Electric Company. What she discovers is that the company is trying quietly to buy land that was contaminated by hexavalent chromium, a deadly toxic waste that the company is improperly and illegally dumping and, in turn, poisoning the residents in the area. As she digs deeper, Erin finds herself leading point in a series of events that would involve her lawfirm in one of the biggest class action lawsuits in American history against a multi-billion dollar corporation (source: imdb).

The reason this story caught my attention this time is the fact that Brockovich’s attorney was quite stressed in a few of the scenes. In fact, he doubted his firm’s ability to handle the number of cases they would eventually take on. This attorney could have used an attorney loan! It would have relieved some stress, in addition to providing much-needed resources to handle that case load.

Rapid Legal Finance provides attorney loans to attorneys who need financial support while they are working on discovery for their portfolio of cases. While banks and traditional lending institutions consider such factors as credit worthiness and the cash flow of a law firm, we use the expected fees from pre-settlement or settled cases to determine financing. Because of our expertise in valuing contingency fee cases, our attorney funding programs are able to advance significantly higher amounts of capital than traditional institutions. And we do so in less time with little or no risk to the personal assets or credit of the attorney or firm. Read more here.