A tool designed to estimate potential funding available to plaintiffs involved in lawsuits before their cases are resolved provides an estimate of the maximum loan amount, based on factors such as the estimated settlement value, the attorney’s fees, and the lender’s specific terms. For instance, an individual expecting a $100,000 settlement might use this tool to explore loan possibilities, understanding it will display a range of potential loan amounts, not a guaranteed offer.
Access to such tools offers several advantages. They allow litigants to manage financial hardships during often prolonged legal proceedings, covering expenses such as medical bills, living costs, and legal fees. Historically, individuals awaiting settlement faced limited financial options, sometimes leading to accepting unfairly low offers due to immediate financial pressures. These tools empower plaintiffs by providing financial breathing room, enabling them to pursue their cases with greater financial stability and potentially secure more favorable outcomes.
