You may be a plaintiff or attorney involved in a law suit and your numbers don’t seem to be balancing and you seem to need more money. Getting a lawsuit advance is going to be very important for you so that you can continue your case. This is why lawsuit funding is the way to go. This service has been available for a few years now and is a new way of doing things, most attorneys and hardly any people are aware of the fact that they can receive these cash advances for anything pending.

So you may be wondering what this is all about. Legal financing is the mechanism or process through which litigants can finance their litigation or other legal costs, meaning that they get a lawsuit advance. This is also referred to as lawsuit loans or litigation financing. It may be a new way for cash flow in the industry but it is growing really fast. Therefore Lawsuit funding is basically a funding that a company provides money to a plaintiff.

Based upon the strength of the lawsuit the funding company giving the lawsuit advance will have this provided normally in the range of 10-15% on the amount of money the plaintiff is expected to receive should he or she win the case. This is advantageous in that it is non-recourse meaning that if the plaintiff doesn’t win the case he or she doesn’t owe the funding company any money in return. Lawsuit funding is not a typical loan though because the money doesn’t really have to be paid back unless the case is won.

Why legal funding then? The main reason that many want to have a lawsuit advance is because it generally levels the lawsuit playing field. We all know that defendants such as insurance companies or large manufacturers have very deep pockets. The plaintiffs on the other hand don’t have that much money. The large companies string the process out hoping the plaintiff will run out of money soon so that they can settle the case for a small amount. However with the lawsuit funding, this will allow the plaintiff to pay the medical bills, mortgage payments and other things.

What benefits then does a litigation advance have? We all know that lawsuits are very expensive and litigation funding is the only way to avoid you getting into a quagmire. This actually helps you avoid financial disaster during the pending of lawsuits which can take months and years to clear. The money is used not just to pay for litigation but also for professional matters such as to avoid foreclosure, eviction, bankruptcy and ruined credit. This fund can be even used to benefit others such as paying child support. It can also be used for surgical procedures for plaintiffs that would otherwise be unable to pay for it. This enables medical procedures needed and eventually improving heath and quality of life.

The above clearly indicates that having this advance will certainly make life easier.

Make your lawsuits way burdening by getting a lawsuit advance http://www.lawsuitfundingnetwork.com and also get more information on lawsuit funding http://www.lawsuitfundingnetwork.com .