Q. WHAT IS LEGAL FUNDING?
A. Legal funding allows a person with a personal injury claim to obtain money before their claim is resolved in exchange for an agreement to repay a certain amount if and when they receive a settlement or jury award on their claim. If there is no recovery made or the case is lost, the claimant does not owe any money back. This is called “non-recourse” funding and is not a loan of any form because the claimant will not have to pay anything unless they make a monetary recovery on their case.
Q. WHY WOULD SOMEONE USE LEGAL FUNDING?
A. Due to their injuries, many plaintiffs are unable to work for extended periods of time causing stress and hardship on the family. This creates a need for companies such as Bayshore Funding Solutions to provide advance cash settlement funding to support you during the claim and/or litigation process.
Q. WHAT HAPPENS IF I LOSE MY CASE?
A. Then you owe us nothing. Remember, a legal funding advance is NOT a loan because you will not be obligated to pay anything if your case is lost.
Q. WHAT AM I ALLOWED TO PUT THE MONEY TOWARDS?
A. Once an agreement is reached and the contract is signed the money is yours to do what you want with it. Your funding money can go towards living expenses or whatever you need to do with that money.