Legal funding carries a multitude of advantages over other types of financing, (i.e. credit cards, a traditional personal loan, or even a second mortgage). Nonetheless, it has some clear benefits that help to reduce your overall risk and allow you to take home more of your total settlement. The funding advance can be a major lifeline for a plaintiff.
The money you receive from your funding advance is YOURS. This money can be used as you see fit. This funding is essentially giving you early access to your future settlement that is being negotiated. This can help assist with medical expenses, utilities, tuition, vehicle repairs, and more. Since pre-settlement legal funding is non-recourse, there is no financial risk to you.
