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How Litigation Funding Helps Claimants

How Litigation Funding Helps Claimants

Being involved in a civil lawsuit can be stressful, and even if your chances of success are high, it could be that financial concerns overshadow the thought of the potential compensation. Even the prospect of a “no win, no fee” arrangement is sometimes not enough to provide the confidence to go ahead. This is because the legal fees are not the only financial implication – the costs involved can impact on every aspect of your life.

Litigation Funding from an organisation not involved in the case like Claims Funding can provide upfront fees to pay for the legal specialist who is most appropriate for your case. But perhaps just as importantly, it can cover all the other associated costs of fighting a legal case. There are three key areas where our litigation funding services can prove most beneficial.

Legal Fees and Disbursements

Litigation funding allows you to borrow anything from £500-£250,000+ to cover all legal costs, so there aren’t any concerns about financing solicitors, court costs, filing fees or any other areas of legal expense. This ensures you can concentrate solely on the case, rather than feeling panicked about mounting fees.

Funding solutions for legal fees and disbursements also allows you to involve third parties to support your case as their fees can be included within the funding. For example, a specialist medical consultant who can provide a medical report providing a detailed medical analysis in an injury claim can make a significant impact on a claim and the overall levels of compensation. Litigation funding is designed to strengthen a claim and ensure claimants obtain the maximum levels of compensation that they are seeking.

Medical and Rehabilitation costs

If your case revolves around medical issues, then litigation funding can be of huge benefit. In many cases a claimant who has suffered injuries as a result of the claim they are pursuing may be prevented from receiving the treatments they need due to financial restraints. Delaying treatment until compensation is received may be the only option a claimant has without litigation funding and this can have a permanent long term affect on their well being. At Claims Funding we offer solutions that are designed to give you the financial resources at the start of the claim when you need them most. This will allow you to seek the treatments you need and when you need them without withdrawing funds from your legal war chest. We specifically offer funding solutions for medical and rehabilitation so that these treatments do not impact on our clients legal claims. Our funding solutions can be used to cover a wide range of medical and rehabilitation costs including but not limited:

  • Surgery Costs
  • Medical Consultants
  • Treatment and therapy
  • Medical Equipment
  • Rehabilitation Costs

Personal and Living Expenses

If you find yourself engaged in a lengthy legal process, there is also a danger of mounting bills if you are unable to meet day-to-day living costs. This is particularly true if the claim you are pursuing has left you unable to work due to the injuries you have sustained. This can have a significant impact on an individuals life and ability to provide for their family whilst the claims process is ongoing.  Our litigation funding solutions can be used to ensure our clients have the  financial resources required to run their claim to completion without having to worry about the stresses and strains caused by financial uncertainty.  St Claims Funding we offer solutions that can be used to cover a wide variety of personal and living expenses including but not limited:

  • Mortgage Repayments
  • Loan & Credit Card Commitments
  • Family Costs & Expenditure
  • General Living Expenses

Litigation Funding levels the playing field

Clearly, having financial backing from a neutral third party can be a huge weight off your shoulders, particularly if you are an individual taking on an organisation that has a substantial financial backing of its own. Litigation funding levels the playing field, as individuals with limited or no money can pursue their legal case, safe in the knowledge that fees and other costs can be met.

Claims Funding Solutions

Our solutions are designed to alleviate financial burdens, strengthen legal claims, address medical issues and cover personal expenses during the claims process.  Our function is the claims process is to support our clients and legal partners to ensure the claims process runs as smoothly as possible. We further enhance our service by issuing all funding solutions on a non-recourse basis with no monthly repayments required until the claim is settled. To learn more about our litigation funding solutions contact us now for a free no obligation review.

 

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