When you file a lawsuit, the process can be long, frustrating, and costly. On paper, the Legal Funding Group is an entity that can provide you with pre-settlement loans and attorney funds to fund your daily expenses while your case drags on.
The Legal Funding Group lends cash, which they will recover with a portion of interest from your compensation package.
Yet, you will not get the same lawsuit loan deals from all providers; terms and conditions will vary among different lenders. Here, we provide you with an in-depth review of how the Legal Funding Group operates.
Who Is the Legal Funding Group?
Based in Savannah, GA, Legal Funding Group provides pre-settlement funding to plaintiffs with multiple case types. Law practices also utilize financing from the group to supplement their firm’s working capital.
According to their website, the Legal Funding Group has assisted thousands of clients over the years to cover their legal fees and other daily expenses.
They’ve also provided funding for contingency-financed law firms to grow their businesses and operate more effectively. They claim that their financing allows lawyers to continue increasing their client base while waiting to get paid.
How Does the Legal Funding Group Work?
The Legal Funding Group is one of the most popular lenders to provide plaintiffs and attorneys with funds to facilitate litigation. In addition, for law firms, funds from the Legal Funding Group give them options for bolstering their financial capital.
On the other hand, plaintiffs benefit from continuous financial support, especially when they face stress and frustrations after going through traumatic injuries. The funds from the Legal Funding Group allow both plaintiffs and lawyers to “borrow from the future.”
How Funds from the Legal Funding Group Can Help Plaintiffs in Personal Injury Cases
Regardless of how extensive or severe your injury is, your living expenses will continue to pile up. Additionally, if you cannot work because of sustained injuries, the task is more challenging for you. Fortunately, the funds from the Legal Funding Group can help you through these difficult times.
Even though the payout from the Legal Funding Group may take some time before it reflects in your bank account, you can always apply and follow the procedures. When you get the loan, you can use it to settle the following:
- Your household expenses
- Personal expenses
- Your legal fees
As you continue pursuing justice, the Legal Funding Group ensures that you are in the right frame of mind and generally comfortable fighting for the personal injury compensation you deserve.
The Legal Funding Group Also Offers Attorney Funding
Attorneys, too, can benefit from the funds from the Legal Funding Group. The main aim of this funding is to help lawyers finance their litigations securely. For a lawyer or a law firm to qualify for these funds, the group focuses on its ability to win cases and generate income.
The group also focuses on the time frame and budget needed to close the case. Then, after reviewing your application, you can get a customized funding method different from other lawyers or law firms seeking the same services.
Looking at how the Legal Funding Group operates, it’s easy to tell that they have the plaintiff’s best interests at heart. Even when they fund an attorney, they aim to ensure that the plaintiffs make the strongest case for themselves without financial limitations.
Types of Cases Funded by the Legal Funding Group
Depending on your type of lawsuit, the Legal Funding Group can provide the following settlements:
- Car accidents
- Truck accidents
- Motorcycle accidents
- Medical malpractice
- Dog bite
- Nursing home abuse
- Workers’ compensation
- Product liability
- Work injury
- Dangerous drugs
- Premises liability
What People Are Saying About the Legal Funding Group
The lack of available online reviews makes it challenging to gauge how customers at large feel about the Legal Funding Group.
However, the Better Business Bureau (BBB) lists Legal Funding Groups as unaccredited with a rating of three out of five stars. Additionally, with only nine reviews, the company has a 1.8-star rating on Birdeye. Finally, their Yelp rating is one out of five stars, with the one complaint mentioning how poorly they were treated.
With limited reviews, the Legal Funding Group may not be the best choice for lawsuit loan providers. Even the few people willing to share their testimonials are generally negative regarding the company.
A poor relationship with the company’s staff is a typical reason that reviewers gave for leaving unfavorable feedback. They cited rude staff and an inability to receive the services they required.
Pros of Using the Legal Funding Group
On the positive side, the lack of adequate resources does not necessarily translate to poor services by the company. Considering the group’s policies, they’re apparently doing some things right.
For instance, the company offers non-recourse funding. This means, if you lose a lawsuit, you don’t have to repay the advance provided. Additionally, the loan application process is free, and their firm doesn’t consider your credit score or have a minimum account balance requirement.
How Silver Dollar Financial and the Legal Funding Group Compare
Comparing available financing options can help you zero in on the best legal funding option for your needs. For example, here are ways that Silver Dollar Financial compares to the Legal Funding Group:
The Legal Funding Group doesn’t vary rates on a per case basis. Instead, every six months, it charges 36% interest on lawsuit settlement advances. This amount is almost two times what other pre-settlement financing companies charge for comparable services.
Silver Dollar Financial delivers low interest rates and never adds compound interest to its pre-settlement loans. But, of course, every case is different, and Silver Dollar will examine your case and deliver the best possible rate it can.
Risk-Free Settlement Funding
The Legal Funding Group and Silver Dollar Financial both offer risk-free funding. This means if you don’t win, you don’t have to pay.
Plaintiffs can apply for pre-settlement funding on both company’s websites and, upon approval, receive cash within 24 hours. In addition, Silver Dollar promises to transfer up to $100,000 to your account with no collateral except your settlement.
The Legal Funding Group states on their site that qualified applicants can receive between $500 to $100,000 in their account.
No Credit Checks
Neither legal funding company does a hard credit check when reviewing your loan application. Only the details of your case are required for approval.
Silver Dollar Financial Is Your Viable Legal Funding Alternative
We are one of your best options when it comes to providing settlement loans. To start with, our team takes the shortest time to review and approve your loan. Then, after a loan application, a fast approval follows before you get your money.
You can apply now or later for your settlement loan, any time of the day. You do not have to worry about low credit; it does not play a part in your loan application process. After signing the pre-settlement agreement, all you must do is wait for the money to appear in your bank account.
A reputable legal funding company like ours maintains a simple interest rate. However, it is fair to say that the cost of pre-settlement funding from our company depends on the value of your settlement. After examining your case, we can determine how much the pre-settlement will cost.
Get Help from a Lawsuit Loan Lender Today
When you go through a personal injury, we understand your situation and try to help in the best way possible- giving you money to help you build a solid case and cater to your needs in the meantime.
At Silver Dollar Financial, we understand the need to help more than the urge to make profits. So for instant cash (up to $100,000), timely payments, experienced staff, and utmost protection, call us today for a free consultation. Call or contact us today, and we’ll answer all your questions.