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1st Choice Funding Provides Today's "Financial Bridge" With Innovative Financial Solutions
Lawsuit Funding Frequently Asked Questions
Q. What are Lawsuit Loans?
Answer: Lawsuit Loan or Lawsuit Advance is in reality not a loan, and that is why traditional lending criteria is not used in making a determination, however a loan is how most people think of them and that is why we call them Lawsuit Loans. A Lawsuit Loan is based only on the merits of the injuries in a case and the likelihood of collectabillity and this is why investors look for cases where an insurance company is involved. Unlike traditional lending a Lawsuit Loan is not repaid if a case is unsuccessful in litigation, and that's why our program is called "No Win...No Pay...No Risk" Lawsuit Loans.
Lawsuit Loan determinations are based on case merit and that's why not all cases qualify as each case has to be determined individually on it's own merit.
Q. How Does The Lawsuit Loan Program Work?
Answer: It works quite simply,
1. Litigants first apply online and complete our application.
2. We respond with a set of documents you sign and return to 1st Choice Funding and your attorney.
3. When your attorney supplies all of the requested documents our team goes to work securing the lowest cost of return for a Lawsuit Loan to each of our clients.
4. When an investor provides an offer in the terms that benefit you most we present that offer to you.
5. Upon your acceptance a contract is provided to your attorney which both of you sign. This contract in no way obligates your attorney for a return of the money you receive, it just says he guarantees that if you win, he will repay the investor with interest out of your proceeds, that is called a "lien" on your case.
6. After receiving a signed contract money is sent immediately.
Q. How Long Does The Process Take?
Answer: Our side of a funding determination takes generally a few days depending though on the complexity if the case. Money is released to you within 24 hours of receiving a signed contract. However the time period is really determined more by your attorney than anyone else. When we receive your documents funding takes only days, however depending on the cooperation level of your attorney, will determine how long the process takes.
For questions check out our blog at http://1stchoicefunding.com/blog.html or email us at information(dot)services(at)1stchoicefunding.com.
(replace the dot with the . and the at with @) This protects us from the unscrupulous.
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