Lawsuit Financing
Frequently Asked Questions
We assume the risk. The amount advanced, plus fees, are repaid out of the proceeds at the time of the settlement. There are No Monthly Payments required and repayment is contingent upon settlement. In other words, we get paid only if you get paid. If, by some chance, no settlement is achieved, the debt is completely forgiven.
Our typical clients are personal injury, product liability, and medical malpractice cases. Generally speaking, anyone who is pursuing a qualified lawsuit and is in need of emergency cash assistance
An advance may enable an injury victim to stay in the process longer, complete their necessary medical treatment and alleviate their financial stress. This will allow the attorney time to prepare the case and negotiate a more satisfactory settlement
There is no limit. The amount advanced is determined by the victims need and potential value of the case.
Our fees vary, as each case is unique with completely different circumstances. We independently evaluate each case and use an experienced-based formula that takes many different variables into consideration. Your rate will be calculated and given to you after it is determined from analysis of your case.
Absolutely Not. After a case has been funded, the attorney's office will only receive a call from us periodically to check on the status of the case.
Once approved, we will immediately deliver the documents for signature to the attorney's office. Within a few days of receiving the signed documents we will deliver the check to either the client or the attorney's office.
We are not lending money. A loan is defined as the delivery of a sum of money under contract to be returned at some time an equivalent amount with or without an additional charge for interest. The repayment of the our advance is contingent upon the outcome of the plaintiff's case. Therefore, the critical distinction is the contingent nature of the transaction. Because the advance will not become due unless the plaintiff successfully resolves his or her case, the advance is not a loan
No. As explained above we do not make "loans." A loan requires absolute obligation to repay at a specific time certain. We advance money to plaintiffs on a purely contingent basis. If the plaintiff does not prevail in their litigation, the plaintiff is under no obligation to repay us. As such, the advance is not a loan. Usury laws apply only to loans. Therefore, our advance agreements do not violate usury laws
We will not review a case or consider it for funding unless the matter has matured to the point that a complaint has been filed with the court and discovery commenced. We will not promote or encourage litigation.
Call Fred Coutts
at 206-281-3153 or 1-888-942-6639
Fax # 206-378-1070
Email Fred@FredCoutts.com
Web: www.FredCoutts.com[Lawsuit Home page] [Funding Areas] [Funding Procedure]
[Funding Applications] [Plaintiff Funding] [Expert Witness Funding] [Attorney Funding]
[Appellate Funding] [Commercial Litigation]
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