October 20, 2021 #1 Local News, Forum, Information and Event Source for Venice Beach, California.

Creating your Own Stimulus in 2021 – How Southern California Residents Can Use Lawsuit Funding to Help with Everyday Bills

Lawsuit funding is an alternative to direct cash payments for immediate help

Despite unprecedented government assistance in 2020, many American families are still struggling to make ends meet. Those who are unable to work or lost their jobs due to the pandemic have most likely a lot of due bills, and rent that will soon be due to the landlord. Easy access to immediate credit is often a challenge to those workers, especially with a lower credit score and no banking relationship.

Victims of personal injury accidents can use lawsuit funding as a creative solution for money problems. Through legal funding, plaintiffs can access their to their settlement amount 

before the actual settlement is signed. The process is very simple – through a short qualification process, a funding company will provide a small cash amount of the future settlement to the applicant with the case. Once the case settles, the attorney pays the funder the amount+interest and if the case is lost, the plaintiff gets to keep the advance. 

Any plaintiff who was injured as a result of someone else’s fault can apply for legal funding. For example, if you have an attorney representing you against an insurance company as a result of a motor vehicle accident, you can qualify for a cash advance. You can get up to 10% of your future settlement value, and pay back once the case is settled.

This creative type of legal financing is not without risks – the payback could be expensive and you still have to qualify in order to get the advance. On average, a $1000 advance will have a $1,450 total payback bill after 1 year. While this is obviously a lot higher than a mortgage, this type of financing is not subject to any credit checks, requires no upfront fees, no hard collateral, and no income verification. If you are about to get evicted and need cash fast – legal funding might be a viable solution to meet an urgent need in your life – like a mortgage payment, rent, or medical bills.

About the author: HM Capital, based in Los Angeles, provides creative financial solutions for investors and consumers through private lending and lawsuit funding. For Inquiries: avi@hardmoola.com

Related Posts

Opinion: Housing, Homelessness and the Empty Rhetoric of LA Mayoral Hopefuls Looking to Replace Eric Garcetti!

October 19, 2021

October 19, 2021

For who will help Venice get rid of Mike Bonin? By Nick Antonicello There is an obvious “disconnect” between this...

Marina del Rey Man Arrested in Connection to 2019 Orange County Murder

October 18, 2021

October 18, 2021

Jonathan Ho, Nicholas Nguyen arrested in relation to murder of Jeffrey Cheng By Sam Catanzaro A Marina del Rey man...

Bird Wire’ to Be Installed at Mother’s Beach: YO! Venice Show – October 18, 2021

October 18, 2021

October 18, 2021

Local news and culture in under 5 minutes. * ‘Bird Wire’ to Be Installed at Mother’s Beach * LADWP Fixes...

Landlord Sues Snap Over Fire At Former Venice Office

October 16, 2021

October 16, 2021

Benjamin Schonbrun files lawsuit against Snap, Inc. in connection to January fire By Dolores Quintana A Venice property owner is...

Venice RV Fire Under Investigation

October 15, 2021

October 15, 2021

No injuries reported in two separate incidents By Dolores Quintana Two RVs caught fire recently in Venice and Pacific Palisades. ...

LA City Councilmember Mark Ridley-Thomas Charged With Bribery and Fraud

October 15, 2021

October 15, 2021

Politician allegedly sought benefits for close Relative in exchange for support of contracts benefiting USC By Sam Catanzaro LA City...

An Interview with Zach Rash, CEO of Coco Food Robotic Delivery

October 11, 2021

October 11, 2021

Coco Delivery, is a completely contactless food delivery service that uses human piloted robots to deliver meals from the restaurant...

RV Fire Near Whole Foods Under Investigation: YO! Venice Show – October 11, 2021

October 11, 2021

October 11, 2021

Local news and culture in under 5 minutes. * First Baptist Church Of Venice Awarded Historic Designation * RV Fire...

Body Found in Venice Beach Waters Identifed

October 11, 2021

October 11, 2021

October 9 incident remains under investigation By Sam Catanzaro A man’s body that was found in the water near the...

U.S Secretary of Veterans Affairs Visits Veterans Encampment Outside VA

October 11, 2021

October 11, 2021

On Wednesday, the Secretary of U.S. Veterans Affairs and Mark Takano visited the veterans homeless encampment along san vicente blvd....

McRight/Wagner Venice Home and Studio on the Market

October 9, 2021

October 9, 2021

Westside Real Estate Scene October 11, 2021 By Dolores Quintana The McRight/Wagner home and studio is now on the market...

LA City Council Exploring Funding Rental Subsidies for 10,000 Homeless Individuals

October 8, 2021

October 8, 2021

Creation of “Housing Now” Program approved by lawmakers last month By Sam Catanzaro Los Angeles City Council recently approved the...

Buscaino Seeks To Ban Bike Chop Shops

October 7, 2021

October 7, 2021

“Thieves have little or no fear of repercussions of this activity,” Councilmember says By Dolores Quintana  A Los Angeles lawmaker...

Person Faces Charges After 37 Pounds of Marijuana Found in Crashed Vehicle

October 5, 2021

October 5, 2021

California Highway Patrol investigating September 26 incident  By Sam Catanzaro A suspect faces charges after officers found 37 pounds of...