Lawsuit Advances & Realistic Client Expectations: How Much Money You Can Expect from a Lawsuit Advance

By Eric Kelly, published Apr 25, 2007
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We often receive applications where the client is requesting an unrealistic amount of money given the circumstances of their pending lawsuit. The intent of this article is to establish realistic expectations with regards to the money that can be advanced on a pending lawsuit. And we will address this issue in the framework of personal injury lawsuits, such as auto accidents and premises slip-n-fall cases.

The two biggest issues which affect the value of your personal injury case, are the severity of your injuries and the defendant's insurance policy limits. Other factors include: liability (who was at fault), prior advances or liens on a case, and lost wages.

To begin with, we list some actual examples of what past clients have received and their respective injuries:

$65,000 - 3 Surgeries

$10,000 - 3 Surgeries

$8,500 - 2 Surgeries

$7,500 - 1 Surgery

$7,000 - 1 Surgery

$5,000 - 1 Surgery

$5,000 - Planned Surgery

$3,000 - 1 Surgery

$2,500 - No surgery

$1,500 - No surgery. Epidural nerve block injection

$1,000 - No surgery. Epidural nerve block injection

$1,000 - No surgery.

As you can see in the abovelist, clients who received larger amounts of money, all had one thing in common, they had surgeries or planned surgeries do to injuries from the accident.

Whereas, personal injury clients who have not had surgery and do not plan of having surgery, often will get funded in the range of $1,000 to $3,000.

If you are looking for funding on your personal injury case, and you have not had any surgeries as a result of the accident and you do not plan on having any surgeries, I would suggest the maximum amount of money you request is $3,000. If you fall into this category, your realistic expectation is likely in the range of $1,000 to $3,000 for a lawsuit advance.

If you are looking for funding on your personal injury case, and you have had surgery as a result of the accident, you will likely qualify for at least $5,000 and possibly much more. And if you have not had surgery, but are planning on having surgery in the near future, you will likely qualify for $3,000 to $5,000 in funding.

Lawsuit Advances & Realistic Client Expectations: How Much Money You Can Expect from a Lawsuit Advance

Founder, Eric A. Kelly

Credit: Eric A. Kelly

Copyright: Get-Lawsuit-Loan.com

Takeaways
  • If no surgery, suggest a request of $3,000 in funding
  • If planned surgery, suggest a request of $5,000 in funding
  • If you have had surgery, suggest a minimum request of $5,000 or larger in funding
Did You Know?
Most pending lawsuits can be funded in 7 days or less.
Comments
Showing Comments 1 - 4 of 4
 
 
If you are considering applying for a cash advance against your pending lawsuit, you will want to find the best legal finance arrangement for you. Since you are probably not an expert in legal finance, determining which lawsuit advance is the best for your needs can be difficult if you do not know what options are available. www.Best-Deals-in-Legal-Finance.com takes the guesswork out of the legal financing process. Check it out. The service is free.

Posted on 04/30/2008 at 9:04:30 PM

 
To "KC Lawyer", I'm so sick and tired of lawyers coming down on lawsuit advance companies. If lawyers would do their jobs and litigate cases efficiently there would be no need to get an advance on a case in the first place. Lawyers forget what it's like to loose your job and not be able to work due to unplanned horrific injuries. How else am I supposed to put food on the table, keep the lights on, pay my mortgage, etc, without any income? Not to mention paying for my operations. Should I just become homeless and have child protection take my children, while I wait the 2 years it's taking my lawyer to litigate my case? That's absurd! If it wasn't for a lawsuit advance company I would be homeless! As a lawyer, if you're not offering cold hard cash to your clients in financial dire straits, then why would you obstruct a company from helping people like me? Talk about greedy, what it's only OK for my lawyer to make money on my case and not the company who saved me from foreclosure

Posted on 05/05/2007 at 6:05:00 PM

 
In short, the only way to receive advances are to get injured? Or subconsciously tell yourself that you could have injuries stemming from this accident several years down the line, correct?

Posted on 05/05/2007 at 5:05:00 AM

 
This is a commercial, not an article. And it has no place on AC. These companies are nothing but fraudsters who take advantage of loopholes in the usuary laws.

Posted on 04/26/2007 at 7:04:00 AM

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