What Is Injury Funds Now and How It Works

Injury Funds Now operates as a settlement funding company that provides cash advances to plaintiffs involved in personal injury cases. Unlike traditional loans, these advances are non-recourse funding options, meaning if you lose your case, you typically owe nothing in return. The company evaluates the strength of your legal claim and potential settlement value to determine eligibility.

The application process is straightforward. Applicants submit basic information about their case, including details about their attorney and expected settlement amount. Injury Funds Now then contacts the attorney to verify case details before making a funding decision. Approval can happen within 24-48 hours, with funds becoming available shortly thereafter. This process allows plaintiffs to access a portion of their anticipated settlement before their case concludes.

Types of Cases Eligible for Funding

Injury Funds Now primarily focuses on personal injury cases with clear liability and substantial expected settlements. Common eligible cases include automobile accidents, slip and fall incidents, medical malpractice claims, product liability lawsuits, and workplace injuries. The strength of liability evidence and the expected settlement amount significantly influence approval decisions.

Cases with established insurance coverage tend to receive more favorable consideration, as they present lower risk profiles. While Injury Funds Now specializes in personal injury funding, they may consider other civil litigation matters on a case-by-case basis. Applicants should note that funding amounts typically range from 10-15% of the anticipated settlement value, ensuring the advance remains proportional to the expected outcome.

Settlement Funding Provider Comparison

The legal funding industry offers several options for plaintiffs seeking financial assistance during litigation. Injury Funds Now positions itself as a plaintiff-friendly option with competitive rates compared to some alternatives. Other notable providers include LawCash, which offers similar services with slightly different qualification criteria, and Oasis Financial, known for its quick approval process.

When comparing providers, several factors deserve consideration:

  • Funding Rates: Annual percentage rates can vary significantly between companies
  • Approval Speed: Some companies offer same-day approval while others take several days
  • Minimum/Maximum Funding: Ranges from $500 to $100,000+ depending on the provider
  • Customer Service: Quality of communication and transparency throughout the process
  • Attorney Involvement: Some providers require more attorney participation than others

US Claim Solutions and Legal Advance round out the major players in this industry, each with their own specialized approach to case evaluation and funding structures.

Benefits and Drawbacks of Settlement Funding

Settlement funding through Injury Funds Now offers several significant advantages for plaintiffs facing financial pressure. The primary benefit is immediate access to funds for essential expenses like medical bills, rent, and daily living costs. This financial breathing room allows plaintiffs to reject early, inadequate settlement offers and pursue fair compensation.

The non-recourse nature of these advances means plaintiffs only repay if they win their case, eliminating traditional debt risks. Additionally, the application process doesn't involve credit checks or employment verification, making funding accessible to those who might not qualify for conventional loans. However, settlement funding also comes with important considerations. The fees and interest rates are typically higher than traditional loans, reflecting the risk assumed by the funding company. Over lengthy litigation periods, these costs can accumulate substantially.

Another potential drawback is the complexity of repayment calculations. The compounding nature of some funding agreements can make it difficult to predict the final repayment amount, especially for cases that extend beyond initial timelines. Before accepting settlement funding, plaintiffs should thoroughly discuss the implications with their attorney to ensure they understand how it might affect their net recovery.

Smart Ways To Apply for Pre-Settlement Funding

When seeking funding from Injury Funds Now or similar providers, taking a strategic approach can improve your experience and outcome. Start by consulting with your attorney before applying. Legal counsel can advise on whether funding is appropriate for your situation and help explain the terms of any offered agreement. They can also assist in gathering the necessary documentation to streamline the application process.

Apply only for what you truly need rather than the maximum available amount. Since repayment includes fees that grow over time, minimizing the advance reduces your overall costs. Consider exploring multiple funding companies to compare rates and terms. American Legal Funding and Fund My Suit might offer different terms than Injury Funds Now, potentially providing more favorable conditions based on your specific case.

Carefully review all paperwork, paying special attention to fee structures, compounding intervals, and repayment terms. Request written explanations of anything that seems unclear. Remember that while settlement funding can provide crucial financial support during litigation, it works best as a targeted solution for specific needs rather than a comprehensive financial strategy.

Conclusion

Injury Funds Now represents one solution in the growing settlement funding industry, providing financial support to plaintiffs during the often lengthy litigation process. While this funding option can relieve immediate financial pressure and allow plaintiffs to pursue fair settlements, the associated costs require careful consideration. By working closely with your attorney, comparing providers, and understanding the full terms of any funding agreement, you can make an informed decision about whether settlement funding aligns with your needs. Remember that these financial tools work best when used strategically and in appropriate circumstances, potentially providing the bridge needed to reach a fair resolution of your case.

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This content was written by AI and reviewed by a human for quality and compliance.