A lot of people ask, “What exactly is legal funding?”
To answer this question, it is a method of providing non-recourse cash advances to injured parties in a lawsuit, but there are many different opinions and ideas as there are people to offer them and hunting on the internet for information can be time consuming.
There are two basic types of legal funding options:
- PRE-SETTLEMENT FUNDING: we will purchase a portion of your anticipated settlement amount until your case settles or you get a favorable jury verdict. If you don’t recover anything from your case, you owe nothing!
- POST-SETTLEMENT FUNDING: if you have settled your case but are still waiting to be paid, we will purchase a portion or even your entire net settlement amount so that you can move forward with your life.
At Bayshore Funding Solutions, we recognize that accidents don’t simply cause pain and injury. Accidents can also ultimately result in your inability to work, which in turn makes it more difficult for you to support your family and make ends meet.
However, we offer these funding options that will allow you some peace of mind as you get back on your feet while your injury claim is pending. In exchange, you will share part of any recovery that your attorney obtains on your behalf.
If you have a question or concern about your funding options, or if you would like us to shed a little more light on a subject, please do not hesitate to contact us. We believe that the more informed and aware the potential client is of the process, the greater appreciation they will have for a responsible funding alternative like us.