Lawsuit Funding Network, Inc Plans to Add Additional Funders
September 22, 2006 (PRLEAP.COM) Business News
Morton Grove, IL. Lawsuit Funding Network (LSFN) announced today it plans to add up to five additional funding sources to meet the needs of its clients.
"We try to get these plaintiffs approved and funded in a timely fashion, offering competitive terms, on a non-recourse basis. By adding these additional funding sources we will maintain our advantage in the industry," observes Al Johnson founder of LSFN.
If a plaintiff applies with one funding source and is not approved they have to start the whole application process all over again. If they apply with Lawsuit Funding Network they only need to apply once and have multiple chances of getting funded. If an underwriter turns an application down we immediately have access to another underwriter which may be assessing the same case using different criteria this in turn gives the plaintiff more options during a very stressful time.
Becky Shaw was injured in a fall she had suffered in a famous restaurant chain and was unable to work. She needed an advance to cover her daily living costs and found www.lawsuitfundingnetwork.com while searching the Internet.
"I am happy I chose Lawsuit Funding Network. My attorney only sent out supporting documents to Lawsuit Funding Network instead of sending out the same information out to multiple sources."
"I was told up front that these types of slip and fall cases are tough cases to prove but Lawsuit Funding Network worked with me every step of the way,” Shaw said.
Fortunately for Becky Shaw and many others who experience financial difficulties in the midst of a lawsuit can turn to Lawsuit Funding Network. "They told me they had three separate underwriters look at my case until I was approved for funding. They made the process so easy for me.”
Lawsuit Funding Network works with underwriters who have approved commercial, patent infringement, breach of contract, employment discrimination, medical malpractice, product liability, wrongful death, personal injury and motor vehicle
accident cases in the past.
The biggest advantage to a lawsuit advance is the immediate relief of financial pressures to the plaintiff; this should hopefully give the attorney the time to obtain the highest possible recovery for the client.
This type of advance is often referred to as a lawsuit loan but is quite different than a loan- it's risk free. If the lawsuit is lost and the court rules in favor of the defendant (rather than the plaintiff- meaning no financial recovery for the victim) then there is no obligation to pay back the advance.
For additional information regarding lawsuit funding (also referred to as a lawsuit advance, non-recourse funding, or lawsuit loan) you can visit Lawsuit Funding Network Inc. online at www.lawsuitfundingnetwork.com or call 1-866-270-1466.