Lawsuit Loan - Lawsuit Funding: Plaintiff involved in an employment litigation or workplace lawsuit, can use the potential settlement as collateral to get a non-recourse settlement loan.
Employment lawsuit loan or lawsuit funding is a non-recourse cash advance provided to a plaintiff involved in an employment discrimination or wrongful termination litigation even before his/her case is settled or resolved.
Who is Eligible for an Employment Lawsuit Loan - Lawsuit Funding?
If you are an employee, and is harassed, discriminated against, unfairly laid off, or wronged in some other way at your workplace and has filed a legal case with the help of an attorney than you may be eligible for a non-recourse cash advance or settlement loan on your pending settlement.
How Lawsuit Loan is Different from Regular Types of Loans:
Lawsuit loan or lawsuit funding provided is a contingent transaction in which cash advance is advanced based solely on the merits of pending litigation. In layman language these are called lawsuit loans, but in true sense, these are not loans because the money does not have to be paid back unless the case is won or settled.
Lawsuit funding is considered a secured non-recourse debt due to the fact if the litigation reaches a final verdict in favor of the defendant the loan is forgiven. The plaintiff is absolved from payment of debt. This is non-recourse settlement loan, which you pay back only if you win or settle the case.
On Which Types of Employment Cases You Can Obtain a Lawsuit Loan:
A reputable provider of lawsuit loans can offer cash advances to plaintiffs involved in most types of employment discrimination /workplace harassment or wrongful termination cases, including the following:
- Age Discrimination
- Racial Discrimination
- Sexual Harassment
- Gender or Sex Discrimination
- Sexual Orientation Discrimination
- Disability Discrimination
- Religious Discrimination
- Pregnancy Discrimination
- Workplace Harassment,
- Whistleblower (Qui Tam)
- Wrongful Termination etc.
Employment discrimination or wrongful termination litigations are mostly high value and complex cases and very few funding companies like
http://www.easylawsuitfunding.com provide settlement loan or lawsuit funding on all of these types of pending workplace cases.
Process to Get Lawsuit Loan on Your Pending Employment Litigation:
It involves four easy and stress free steps:
Step 1: Plaintiff applicant completes the simple and easy application on line or on phone.
Step 2: A representative from lawsuit funding will contact attorney of plaintiff, the same day (preferably within one business hour) and will request for the required documentation to evaluate the request for lawsuit loan.
Step 3: Once the case papers are received, the underwriters will process the information. The decision to approve a lawsuit loan or cash advance is based solely on the merits of pending case. If required the underwriting attorney will discuss the case with attorney of plaintiff.
Step 4: If approved, the plaintiff is informed immediately and his/her lawsuit loan agreement is faxed/emailed. Once the signed copies of agreement from plaintiff and attorney are received, the check is sent the same day for next day delivery or funds are wired into bank account of plaintiff applicant.
Total process to obtain lawsuit loan or lawsuit funding is fast and free. There are absolutely no up-front charges. Unlike a conventional loan, however, the credit and employment histories of plaintiff applicant are not a factor.
And unlike a conventional loan, there are no monthly payments. The cash advance is paid back, plus accumulated fess, from the proceeds of the final recovery once the employment discrimination or wrongful termination litigation is resolved.
An employment discrimination or wrongful termination legal process can have a serious impact on life of plaintiff and his/her family, health, and finances. By offering appropriate settlement loan, a funding company enables the plaintiffs to resist financial pressure to take the first low ball offer made by defendants attorneys.
A lawsuit loan (lawsuit funding) on their pending case settlement allows plaintiffs and their attorney the time needed to get the maximum possible value for their case.