What Is A Case Loan?
by Alliance Claim Funding, LLC
(New York, NY )
What Is A Case Loan?
A case loan a term sometimes used to describe legal funding, a type of litigation funding. CASE LOAN is one of the many terms used to describe a lawsuit loan.
A case loan is a cash advance provided to a plaintiff prior to the settlement of a case. The case loan is made in the form of a cash advance which is based only on the merits of a lawsuit. This type of funding gives a plaintiff funding to pay bills and expenses prior to a successful settlement or case conclusion.
While called a “loan”, a case loan works very differently than a typical bank loan. A case loan does not require a credit check or does bankruptcy status play a part in whether funding is offered or not. And a plaintiff is NOT required to pay back the case loan or interest prior to the conclusion of the case. There are no monthly payments or interest due until the case is finished with a favorable verdict or settlement for the plaintiff. If the case is lost there is never any loan or fee repayment required. This is why this is not a true “loan” but rather a cash advance made during the pre-settlement phase of the case.
A case loan is also known as: litigation finance, litigation funding, litigation cash advance, lawsuit funding, lawsuit financing, plaintiff cash advance, pre-settlement loan, litigant funding and pre-settlement lending.
The application process to obtain a case loan is quick and easy.
Alliance Claim Funding. LLC is a reputable lawsuit loan company. Alliance Claim Funding, LLC advances funds to plaintiffs pursuing damage claims, in return, securing a portion of the proceeds that may flow from successful case settlements.
If the case does not settle prior to trial or loses the trial – the advance is forgiven! You owe Alliance Claim Funding nothing!
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