Legal funding (settlement funding) is simply an advance given to the Claimant/Litigants for a share of the final judgment or settlement. It is NOT a loan. You don’t have to repay a dime if you lose your case because the settlement funding firm like Universal Funds has taken all the risk.
In years past, the stress of the mounting debt would be enough for someone to give up quickly in their lawsuit and settle for much lesser amount. The Defendant’s legal team will offer a low settlement knowing time is not on your side. It is natural that you want it to be over as quickly as possible but not at the cost of losing that you deserve in settlement money.
Settlement funding is a financial resource that gives you money now – which means more time you can fight for what you deserve. This money can be used the way you want to keep your finances in order until a settlement can be reached. A Settlement Funding company offers you cash against what they believe is your outcome from your settlement.
An experienced legal funding firm like Universal Funds can guide you through the process and handle all the details for you. You want a company that dedicates its business in legal funding – not just a side offering from a large legal firm.