Lawsuit & Insurance Advance Funding Process

The process involved in settlement or pre-settlement lawsuit and insurance funding is explained below. It may feel intimidating, but it need not be. We'll help you get through it. Be more informed about how advance funding works. 303-220-5679
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Double ii's Services Funding Solutions, 303-220-5679


The Lawsuit and Insurance Advance Funding Process

  • You call us (303-220-5679) or Email us, or fill out a funding request form.
  • One of our representatives gets back with you by phone (preferably) or email.
  • You and/or your attorney (your attorney is required to be part of the process) will need to supply us with the paperwork, information, applications, and supportive information as needed. Usually done by fax.
  • We will give you a preliminary understanding of the repayment terms. See our Restrictions & Terms to educate yourself further.
  • The initial submission is reviewed, and if complete, will be submitted to underwriting (unless more information is needed, or if it is determined that your case is not "doable").
  • The application normally spends 1-5 days in underwriting, but occasionally can take longer in certain cases, especially when a case needs to be scrutinized more heavily. We try to keep it at 1-2 days as much as possible, and in certain strong cases it can be shorter. Settled cases and auto accident cases can often be funded in a 24 hour timeframe. The timing begins after you/your attorney send in all the required information.
  • Once it comes out of underwriting, the funding may be denied, or if accepted, there will be an offer made, with all terms clearly spelled out.
  • If your application is denied, we will submit your situation to another funder (some are more strict or lenient than others). We always start with the funders who have a lower cost and deal with your type of case.
  • If there is an offer, you will be notified and you either accept it or not. Some funders may require certain verification at this point.
  • Once you accept, the contract is faxed to your attorney (and concurrently to you if you are not near the attorney's office). You and your attorney sign the contract and fax it back, with the attorney verifying that the original contract will be mailed in. You specify if you want a check to be mailed, or overnighted, or funds to be wired to an account, and in certain cases you may need to agree to do the charge for the transaction.
  • Once you receive your funds, you wait until the settlement is paid out and your agreed repayment amount will be taken out of the settlement. For pre-settlement funding for which the case does not win, you have no further obligation.


Are You Settling For Less Than You're Worth?

Lawsuits and insurance settlement awards - are you getting pressured to settle for less than what your case is worth?

When you are involved in a lawsuit, everyone is looking out for his or her best interest - not necessarily yours. The attorney often wants his payment as soon as he can get it, and will settle for less if he can turn out more cases in less time. The opposing party always wants to pay as little as possible, and get the case over with.. You, on the other hand, may be looking at bills piling up, and can't afford to wait the time it takes to fight for the case worth, especially if your attorney isn't motivated to fight for you.

You should not have to settle for less - the attorneys and other party know that if they can make you hang on long enough, you will finally settle for a lesser amount, just to get some money. They figure that you will eventually give up and give in - they will be able to pay you less than you originally demanded, and they have been able to hold onto their money, gaining interest, the entire time of the wait.

You have options - you can take the lesser settlement, be done with the case, and move on with your life. Or you can borrow money from family or take out a loan against your home.

Or you can get advance funding on your pending lawsuit or insurance payment. This option has been available for years - family members have been loaning money to others with the promise of being paid back as soon as the case settles and pays. In the last decade or so, funders have stepped up and are advancing cash to people, putting a lien on the lawsuit settlement terms in order to be paid back. No money paid up front, it allows the client to wait for a larger amount, allows a client to receive proper medical attention while waiting for a case to settle, or to get ahead on bills, or to gain time and resources to properly fight for your rightful award.

The advantage to a lawsuit advance is that there is no long process, as in applying for a conventional bank loan. Your credit rating is not a factor, and the advance can get processed and in your hands within days. The application process is simple, and no up front payment is required, or should not be required (if it is, run!).

Look for a funding company that will work with you fast - not string you along for weeks. Look for low rates, nothing in the 10-15% range - that is gouging and when you need money, you do not need to be taken advantage of. Make sure all terms are explained to you up front, so there are no surprises.

Advance lawsuit or insurance funding is an option that can help you get back on your feet - buy you the time you need to get your life, health and finances back in order. Don't settle for less just because you are being pressured - fight for your entitled amount.

Paulina Roe is an ethical funding agent, making sure clients are funded as fast as possible, at as low a rate as possible. More information can be found at http://www.advancelawsuitfunding.com


Double ii's Services
303-220-5679
P.O. Box 631746, Highlands Ranch, CO 80163
Email

URL: http://www.advancelawsuitfunding.com/fundingprocess.html
About Us - we are NOT part of the "cash flow industry" program.