Yes. After you have submitted your application please inform your attorney so we can discuss your case with him or her. Forward Funding will work directly with your attorney to ensure that all paperwork is complete, and funding is delivered to you as promptly as possible.
Insurance companies have very deep pockets. This gives the insurance company the advantage because they can typically drag out the case and have lots of time elapse. By doing so, they pressure the plaintiff into settling too soon for an unreasonably low amount. By removing some of the financial burdens from the plaintiff, legal funding levels the playing field and allows plaintiffs and their attorneys to negotiate a truly fair settlement.
Plaintiffs in personal injury cases may be out of work for an extended time as they recover and faced with medical bills for their injuries. These personal injury claims can take months or even years to settle, leaving the injured party struggling to meet their day-to-day financial obligations. Legal funding is a tool used to relieve financial stress.
Most personal injury cases qualify as long as the injured party has arranged for legal representation.
There are several important things to know when you are looking for legal funding. The qualities you should consider in your due diligence include:
Clear Terms:
Simplicity is one of the greatest advantages of lawsuit funding. Do not sign any contracts unless you have already consulted with your attorney. The contract may be more complex than you anticipated, but a legal representative can check the fine print for transparency, so all parties understand what the agreement says.
With Forward Funding, the terms always include:
o No upfront costs
o No win, no repayment
o No credit checks
You only pay back the funds if your case wins. We do not require income or credit history checks. The cash can be used to cover your bills. When your case is won and settled, repayment is made based on the terms of the contract.
Simple & Quick Process:
We offer same-day funding. There is no delay in having the cash you need to cover your expenses. This can be particularly useful if you are injured and unable to work.
As soon as the application is received, we will review the facts of your case. Only the details you provide are used to come to a decision.
On average, the approval process takes 24 hours, but if we can reach your attorney quickly it can take as little as 1 hour. That’s why it’s important for you to contact your attorney as soon as you apply to let them know we’ll be calling and to give them permission to share your case documents with us.
Funding through Forward Funding is not a lawsuit loan or cash advance. With a lawsuit loan or cash advance, the money must be repaid no matter the outcome of the case. With legal funding for your lawsuit, repayment is not required if there is no recovery or settlement.
The application process is completely free! No case is too small or too big. Forward Funding is reimbursed by your attorney only if your case settles.
This depends on the value of the case. Generally, anywhere from 10%-20% of the total estimated value of the case. For example, if your case is worth $50,000, then we can fund you up to $10,000.
With pre-settlement funding from Forward Funding, you’ll have the money to pay your everyday expenses, and/or cover unexpected costs that arise from your accident while your case is pending. Meanwhile, your attorney will be able to concentrate on building the best possible case, so you get the compensation you deserve.
We often provide pre-settlement funding that you can use for medical procedures.
Yes. The credit score is not a factor in the application process. We make our decision based on the merits of your case, not your credit score.
No credit check is required. We also do not request any copies of your personal finances or tax returns. The only documents we require are those pertaining directly to your case which can be obtained from your attorney.
Each request for funding is routed to one dedicated representative throughout the entire process. This representative will be familiar with your case and available to answer any questions you and your attorney might have.
When Forward Funding approves a case, a funding agreement is sent to the plaintiff’s attorney that outlines the amount to be funded along with any applicable fees, costs, and repayment structure. Once the case is successfully settled, the attorney repays Forward Funding from the proceeds of the settlement. There is no repayment if the lawsuit is unsuccessful.
This is a common request. We will gladly review any application for funding. Generally, when a case drags on longer than anticipated more funds may be needed. We strongly suggest our customers apply for only what they absolutely need to prevent a financial crisis.
Forward Funding will help with cash funding at any time as your case is ongoing and proceeds. Your case will be assessed by our team of underwriters and the decision for additional funding will be made at that time, based on the circumstances and the facts of your case.
We typically have funds to our clients within 24 hours of the completion and approval of the funding application.
If you do not settle your case and receive an unfavorable decision in court, you owe nothing in return for the amount you received from Forward Funding. We assume all the risk of not getting paid if you lose your case.