What is Lawsuit Lending?
Lawsuit lending is a recent phenomenon within the law markets. Lenders in the United States and abroad are lending against pending and settled lawsuits. Lawsuit lending is offered to plaintiffs and attorneys and can be obtained as in little as a day to several weeks depending upon the lender and the case type. Lawsuit lending also called litigation lending is a practice that lenders offer for different types of civil lawsuits. The three most important factors when lending money to a plaintiff are negligence, liability and expected compensation. These three factors alone will determine if a person is approved or denied by a lawsuit lending company.
If you are currently searching for a company that offers lawsuit lending, contact Fortis today. Fortis has experience in securing same day, next day and same week advances for its clients.
Is Post Settlement Funding for you?
Fortis provides immediate non-recourse funding for attorneys and clients based on a settled case where actual payment may be delayed. Instead of waiting on payments over a long period of time from a lawsuit settlement, we can give you access now to your future money and funds to use today. We can provide a partial cash advance or purchase the entire interest.
When you apply with Fortis you are never obligated to accept an offer. Fortis Consulting Group provides its service to help put each client in a position to get the requested amount of cash advance in a timely basis. For most post settlement lawsuit funding applications, we can turn around a lawsuit cash advance within the same day you apply.
What is a Bridge Loan?
A “Bridge Loan” is basically a short term loan taken out by a borrower against their current property to finance the purchase of a new property. Bridging loans can be extremely useful in completing short term projects, or in being able to find quick finance to enable you to complete a purchase which you can then refinance at a later date.
Bridge loans are generally taken out when a borrower is looking to upgrade to a bigger home, and haven’t yet sold their current home. A bridge loan essentially “bridges the gap” between the time the old property is sold and the new property is purchased.