If you’ve been harmed by another party’s negligence, you may be able to use travel to go lawsuit financing to help cover your litigation. Such financing typically consists of a percentage of the total settlement award to a plaintiff’s attorney and is generally provided by either an insurance company or a financial institution. The plaintiff is responsible for the balance, but if the financial institution provides the financing, they’re required to submit the full amount due to the plaintiff once the case is settled.
The advantage to using travel to go lawsuit financing is that it can often provide cash fast. While the case is going on, the plaintiff is in a position to make only minimal payments as the case proceeds. During this period, they can focus on raising the rest of their debt, which will accelerate the process of collecting a settlement. Once the case concludes, however, the plaintiff is responsible for paying back the remainder of the judgment amount plus any interest and fees. For most people, this is a great option because it allows them to retain their normal lifestyle during their recovery.
The major disadvantage of travel to go lawsuit financing is that you’ll have to find a source of funding, which can be difficult, if not impossible, to find. Many individuals will tell you they’d consider lenders offering non-recourse funding, but this isn’t really realistic. In this case, if the plaintiff loses the case, the money owed to the lenders isn’t due until it’s discovered by the court. Even then, the lenders would have a very difficult time recovering the funds because they’ll have virtually no evidence they ever existed. Most people don’t think they can get sued for something that didn’t happen.