To be approved for a traditional loan, banks ask for hard collateral and perform credit checks, and require monthly payments. Not all plaintiffs have sufficient credit scores and the additional costs surrounding an accident can make anyone’s financial situation difficult.

If you can borrow from personal savings, a friend or family member, a credit card, or a bank loan you should do so before resorting to plaintiff funding. Those outlets are ultimately cheaper than lawsuit funding in the long run. But if you are in desperate need of immediate expenses then receiving a cash advance on a pending lawsuit can be helpful and necessary.

A cash advance on a pending lawsuit is an option for those whose cases are expected to last more than a few months or whose settlements are likely to be delayed. If you expect a quick and fair settlement, then you should try and wait If possible.

A lawsuit loan is the last resort after you have exhausted your financial options. Since the best pre-settlement funding companies are taking the risk that they lose their principal if your case does not settle, fees for a cash advance on a pending lawsuit are typically more expensive than more traditional forms of financing and loans.

A cash advance on a pending lawsuit is often the only option available since the average lawsuit takes about two years to resolve. Medical malpractice cases, workplace discrimination cases, and class action suits can take even longer.