Pre-settlement funding:
This type of funding is provided to plaintiffs who are involved in a personal injury lawsuit and are waiting for their case to settle. Car accident pre-settlement funding is usually provided in the form of a cash advance, which is based on the plaintiff's potential future settlement or judgment.
Post-settlement funding:
This type of funding is provided to plaintiffs who have already received a settlement or judgment in their personal injury case, but are waiting for the funds to be released. Post-settlement funding is typically provided in the form of a cash advance or loan, and is based on the plaintiff's settlement or judgment amount.
Structured settlement funding:
This type of funding is provided to plaintiffs who have received a structured settlement as part of their personal injury settlement or judgment. Structured settlement funding involves selling the plaintiff's structured settlement payments to a third party in exchange for a lump sum of cash.
Contingent fee financing:
This type of funding is provided to plaintiffs who are represented by a personal injury attorney on a contingency fee basis. Contingent fee financing involves the plaintiff borrowing money from a third party to cover the costs of their case, with the understanding that the lender will be repaid from the plaintiff's settlement or judgment.
It is important to note that these types of auto accident lawsuit funding can be expensive and may come with high fees and interest rates. Before considering any type of lawsuit funding, it is advisable to speak with an attorney and carefully weigh the pros and cons.
