Rapid Legal Finance

To qualify for a cash advance on a lawsuit, a person must have:

a lawsuit in progress. A plaintiff must have an attorney on retainer who is working on his behalf.

Once that qualification is met, there are a few things that are needed in order to evaluate the case. They are:

1. Complaint. This summarizes your grievance and is prepared by the attorney handling the case.
2. Evidence damages sustained by the plaintiff. For a motor vehicle accident, this would include medical records that depict the injury. If the plaintiff had surgery, the surgical reports should be included.
3. Evidence of liability of the defendant. This would include any documentation that showed the defendant is the one at fault and should therefore be the one taking responsibility. For a slip-and-fall case, this may include an accident report, photos of the accident site, a witness that saw the accident, etc.
4. Proof of the defendant’s ability to pay (insurance). A insurance policy declaration page usually is enough.

Sometimes additional documentation is needed for certain cases, but the above list includes the basics. Once these documents are supplied to a funder, the funder is able to evaluate the case and determine its merit. In short, a funder wants to have a strong expectation that the case will settle in the plaintiff’s favor, because if it does not, the plaintiff does not have to repay the money that is advanced to him/her.

This entry was posted on Saturday, April 18th, 2009 at 7:54 am and is filed under Lawsuit Cash Advance Qualifications. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.