Many clients of Smart Lawsuit Funding ask the questions: what is pre-settlement funding and what is lawsuit funding? Are there differences between the two and is one better than the other?
Lawsuit Funding is a more general and broader term to define the financial vehicle to assist plaintiffs with their lawsuits that are pending or settled. Pre-settlement funding serves the almost the same purpose, but it pertains to cases that have not yet been settled. So basically, pre-settlement funding or loans are extended on cases that are in the earlier states of a lawsuit. Pre Settlement is exactly that – cash advances on cases not yet settled. Continue reading Difference Between Pre-settlement Funding and Lawsuit Funding