Morton Grove, IL (PRWEB) April 27, 2006
Since its inception Lawsuit Funding Network has been working with multiple funders eliminating the need for plaintiffs to file multiple applications.
“It really gives us an advantage in the industry to work with multiple funders,” observes Al Johnson founder of LawsuitfundingNetwork.com. “If an underwriter turns down or approves a funding application we immediately have access to other lawsuit funding sources which may be assessing the same case using different criteria.”
This gives the applicant more options which is what a plaintiff needs during a financially stressful time.
Mary Sims, an injured plaintiff who needed an advance, investigated different funding companies on the Internet and chose to work with Lawsuit Funding Network because her attorney would only have to send out supporting documents to Lawsuit Funding Network instead of the same documents to multiple sources.
“I was financially overwhelmed with everything I was going through and was so happy to be dealing with one source for my application needs. They made the whole process so easy for me and were really compassionate for what I was going through.” Mary Simms, like many plaintiffs who have been injured and unable to work, find themselves in financially desperate situations.
Fortunately for Mary Simms and many others who experience financial difficulties due to an accident, medical malpractice or other types of personal injury can turn to Lawsuit Funding Network.
Lawsuit Funding Network will assist an injured plaintiff, whose case is approved for funding in securing a non-recourse advance. This allows the victim to avoid financial ruin while waiting for the legal system to work at its customary pace, and enables the victim?s attorney the additional time needed to seek the case?s full value. The advance is secured by a lien on the lawsuit. A lawsuit advance is similar to when an attorney is retained on a contingency fee basis and is compensated only if the plaintiff prevails.
This cash advance is often referred to as a lawsuit loan. In reality it’s quite different than a loan- it’s risk free. If the lawsuit is settled for less than the amount of the cash advance-or even if the court rules in favor of the defendant rather than the plaintiff (meaning no financial recovery for the victim) than there is no obligation to pay back the advance.
For further information about Lawsuit Funding Network, please visit http://www.lawsuitfundingnetwork.com or email.
Note To Media: For more information, or to schedule an interview with Lawsuit Funding Network, Inc. please contact Al Johnson at (866) 270-1466