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Showing posts from September, 2024

Do You Need to Return the Funding Amount to Your Litigation Funder If You Lose the Lawsuit?

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Are you wondering how to deal with a lawsuit when you don’t have enough funds on your hands? Well, getting pre-settlement legal funding options from a third-party litigation funder would help you with that. Legal funding allows you to finance your lawsuit through third-party funders to get better legal assistance and cover your legal fees. Unlike traditional loans, you don’t need to keep any collateral or a good credit score to obtain the legal funding amount. All you’ll need is a strong case with a skilled lawyer. Upon winning the case, the financier will take a percentage from your settlement amount as the repayment. But what if you lose the lawsuit? Do you have to return the pre-settlement funding amount? Does losing your lawsuit affect your pre-settlement funding? Let’s dive into the following blog post to learn more about third-party legal financing and what to do if you lose your case. What will happen if you lose the lawsuit? When you take a traditional loan to fund your lawsu...