Filing a lawsuit is no joke. Simply put, you’re going to have to expend a lot of money in order to pay court costs and lawyer fees before you ever even begin to see the compensation that you are due as a result of the other party’s wrongdoing.
So how do you fund that awkward period where you need to retain a lawyer and pay court fees, but you haven’t yet realized your compensation?
The answer is in finding one of the best pre-settlement funding companies out there to give you financial support during this time that you will later pay back. If you’re in the market for this kind of service, then you’re in the right place. In this article, we’ll take a look at a few key attributes of the best pre-settlement funding options out there.
1. They Go Through Your Lawyer
The first characteristic of a good company that provides this kind of funding service is that they will go through your lawyer. Navigating the intricacies of settlement funding is no simple business, and a lawyer is often necessary to figure the details out.
A shady company might rush you to sign paperwork yourself, but a good organization will be sure to route all communication to your lawyer so that you have an additional layer of security.
2. High Rate of Client Satisfaction
Settlement funding companies that do it right will be able to point to a plethora of happy clients that are willing to sing their praises. If the organizations that you are looking at are unable to provide references, then chances are that they’re up to something shady, or they just don’t provide a good service. Run in the opposite direction.
3. Flexible Payment Options
Different settlement funding companies will take different payment options. The best ones will have some level of flexibility in how you can pay the borrowed funds back.
One extremely common payment option is to give them a percentage of your total winnings. This is ideal, as you won’t be on the hook for the funds if you do lose the case.
4. Fully Transparent
Last but certainly not least, the best funding companies are fully transparent in everything that they do. They will take the time to walk you through how the process works, and not be afraid to throw back the curtain on the inner workings of their funding deals.
This kind of transparency assures you that they have nothing to hide, and only have your best interests at heart, just like Florida Settlement Funding does.
How to Identify the Best Pre-Settlement Funding Companies
There you have it. Equipped with this guide to the best pre-settlement funding companies, you should have a much better idea of how to identify the funding organizations that will be able to provide you with a transparent, painless service as you navigate the legal process of your lawsuit.
For more legal articles, check out the rest of the website for more advice!