Rapid Legal Finance

With a lawsuit cash advance, a good case does not always mean that an approval for a cash advance is on the horizon. The reality is that most funding sources prefer motor vehicle accidents involving serious injuries, because the insurance company is very likely to pay (providing there is evidence of liability and adequate coverage) and this gives their investors a high degree of certainty on their investment. In other cases, it is not always so cut and dry. Liability may be harder to prove (i.e. “he said/she said” scenarios). So if a plaintiff gets denied, it is NOT because he has a “bad” case - it is just because the funding source/its investors are not interested in that case as in investment.

In addition, a funding source may have many options of where to spend investors’ money, with a certain amount of cash available to advance. So given 8 motor vehicle case cash requests for $10K and 2 “other” requests for $50K, the funding source is likely to prioritize the motor vehicle case requests. It is simpler for them to simply accept these cases (as they are sound investments) in order to keep their rates low.

So what does the plaintiff who has the “other” type of case do? He should first ask the question, “Does your company handle my type of case?” If the company does, he should be prepared for a possible rejection, given the above information, and if approved, he should be prepared for a higher-than-advertised rate, as the risk for the funding source/investor will be higher. Above all, he should not take any rejections as indications that he has a “bad” case.