February 25, 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

Venice Family Clinic Merges With Local Community Health Center

February 23, 2021

February 23, 2021

Local community health centers Venice Family Clinic and South Bay Family Health Care to merge later this year By Kerry...

Lifeguards Make Over 70 Rescues During Weekend

February 22, 2021

February 22, 2021

Wind swells, inshore holes, warm weather result in buys weekend for lifeguards Summer-esque weather combined with a combination of hazardous...

Sneakers and Stuff Cancels in Store Launch of New Nike: YO! Venice Show – February, 22, 2021

February 22, 2021

February 22, 2021

Local news and culture in under 5 minutes. * Sneakers and Stuff Cancels in Store Launch of New Nike *...

Edify TV: Metro Paying Homage to Historical Black Architect

February 21, 2021

February 21, 2021

The Metro Purple Line Extension is paying homage to a historical black architect known for his works across the Westside....

Housing Backers Start Facing Post-Pandemic Reality

February 21, 2021

February 21, 2021

By Tom Elias, Columnist The mysterious blindness that apparently affected California’s top legislative housing advocates all through 2020 seems to...

Venice Hotel to Homeless Shelter Sparks Debate

February 18, 2021

February 18, 2021

The city and Project Home Key are working together to turn the Ramada Inn on Washington Blvd in Venice into...

Asian Woman Verbally Assaulted in Racially Motivated Attack

February 18, 2021

February 18, 2021

While walking near the intersection of Bundy and Montana an Asian woman was verbally assaulted by a man walking his...

Suspect in Police Chase Runs Across the Marina Freeway

February 18, 2021

February 18, 2021

Police chase weaves across Westside Tuesday. By Toi Creel A police chase that began in Ladera Heights weaved all across...

Volunteers Needed for Venice Cleaning Crew This Weekend

February 18, 2021

February 18, 2021

Chamber in Action Pop-up Cleaning Crew on Washington Boulevard this weekend By Staff Writer Volunteers are needed for pop-up cleaning...

Venice Restaurant Looking to Expand to East

February 18, 2021

February 18, 2021

Great White cafe adding Hancock Park location By Kerry Slater A Venice restaurant is opening a second location in the...

Food Review: Highway Robbery on PCH

February 18, 2021

February 18, 2021

An unmemorable breakfast burrito at Rockwell Kitchen By Kerry Slater A gourmet food truck on Pacific Coast Highway near the...

Catalytic Converter Theft Spikes In Westside Neighborhoods.

February 18, 2021

February 18, 2021

Catalytic converter theft is on the rise, what vehicles are most at risk and prevention techniques in this video brought...

Edify TV: Westside Schools to Reopen?

February 16, 2021

February 16, 2021

Health officials have given the green light for certain Los Angeles schools to begin in-person instruction but Westside parents may...

Video: Local Teen Looking for Baking Successor

February 16, 2021

February 16, 2021

A Westside teen who for years has been baking cakes for Upward Bound students is looking for a successor. Learn...

Venice Art Crawl Community Event Reunites Far-Flung Local Artists

February 16, 2021

February 16, 2021

Venice Art Crawl celebrates love in art and love of art at their upcoming Instagram Live event “Love” The Venice...