3 Easy Steps To Understand Process Of Legal Funding Cash Advance

If you are done with your research on legal funding cash advance and now decided to go to the legal funding, now is the time to understand the process:

How legal funding cash advance works?

• Application for Legal Funding: You may have to fill up the form online or physically, giving preliminary details about you and your case. At this stage, your attorney may not be involved, however the companies ask for basic details.
• Case review: the strength of the case and amount involve etc will be discussed with your attorney. The company will assess the possibility of winning the case this way. This is done jointly with your attorney. Based on this review company will decide whether to senaction the legal funding or not, amount of funding and the fees that you will have to pay to the company.
• Internal approvals: The company will take all necessary approvals and process to provide the cash to you.
• Settlement: You do not have to pay back if you lose your case because pre-settlement funding is not a loan, but a non-recourse cash advance. At Argenta Legal Funding, we take all the risk when providing funds with no recourse or collateral. This is why the due diligence phase (before you receive money) is so important. We at Argenta would perform detailed research and analysis to determine a possible settlement number. If you lose your case, the money you received does not need to be repaid. However, if you win your case, settlement funds will go toward your attorney fees, any letter of protection items (such as child support or alimony), and then we, Argenta Legal Funding would receive reimbursement of the legal funding cash advance you accepted (plus calculated fees and interest) directly from your attorney