Tips for plaintiffs: How to reach a fair settlement

Every plaintiff goes into a lawsuit expecting a fair settlement. However, this is not an easy task, as fighting a lawsuit can be a long, complicated battle. At times, it can feel easier to settle early than to fight for longer. There are some things a plaintiff can do to help receive fair compensation:

Be organized. Going into the courtroom prepared is key to effectively fighting a case. While the plaintiff’s lawyer is mostly responsible for making sure everything is in order, it is beneficial to the case for the plaintiff to be involved. Make sure all the proper documentation surrounding the incident is in order and any other evidence involved with the case. When the plaintiff is involved and on top of their game, their credibility is is strengthened.

Stay out of the red. Many plaintiffs don’t realize just how important their financial health is to their case. Lawsuits can take a huge financial toll on plaintiffs. The incident that they are seeking damage for, such as lost wages or medical bills from a personal injury, must be financially covered by the plaintiff or their insurance until the case settles, and often insurance isn’t enough to make ends meet. The problem is, lawsuits usually take a long time, time that might be spent unemployed or injured. This often results in the case settling early due to pressing bills that the plaintiff feels can’t wait. It is also common for the defense to use this to their advantage—stalling a case in order to pressure the plaintiff into settling can be cheaper than paying the plaintiff what they deserve.

Stay focused. Just as a plaintiff wants to stay organized, it’s also important for the plaintiff to have a clear mind. If a plaintiff grows frustrated by the lawsuit’s progress, they are more likely to settle sooner rather than keep fighting. Part of staying focused involves the plaintiff’s finances as well. If they have pressing bills at home, they may feel too stressed to wait any longer.

One strategy that can help plaintiffs stay focused, organized, and financially stable is using presettlement funding. This type of funding lets the plaintiff use their settlement to help them during the lawsuit, which can actually be seen as an investment for a fair settlement in the way that it takes away the financial and stress-related pressure to settle early. Lawsuit loans are just for plaintiffs, so the process is quick and easy to avoid even more stress and hassle.

About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit

What not to expect from a lawsuit loan

The legal process can be a financially straining time for plaintiffs. When plaintiffs choose what type of funding they need, they often overlook issues that can complicate the loan process, issues that they wouldn’t find with a lawsuit loan. A few road blocks to look out for:

Credit and Employment checks. The traditional personal loan application process will likely involve a credit and employment check. This can create problems for plaintiffs, who are often out of work and pursuing a case involving personal injury, wrongful termination, or another incident that results in lost wages. Even if the plaintiff isn’t out of work, it is common for plaintiff’s credit to suffer under the financial strain involved. Credit and employment checks aren’t required for a lawsuit loan, which is approved based on the plaintiff’s case, not their financial history or current status.

Monthly payments. The legal process requires a lot from plaintiffs—court dates and preparation, meetings with their lawyer—while they maintain their life outside of the lawsuit as well. The plaintiff must keep up with monthly bills like utilities and car payments along with medical bills or other expenses related to the incident. If the plaintiff chooses a traditional loan with a monthly payment plan, these financial responsibilities can grow overwhelming. Another concern here is that the plaintiff may have to make monthly payments before the lawsuit concludes, without help from their settlement. The loan applicant should think about how many monthly payments they could make before the case settles, especially if they are unemployed. However, with a lawsuit loan, no payments are made until a settlement is reached, so plaintiffs don’t have to worry about monthly payments.

A long, complicated application process. Plaintiffs are already overwhelmed with paperwork from their legal case. They shouldn’t have to hold court to get a loan as well. If a plaintiff chooses a personal loan, they should expect to wait before receiving their funding. Banks and other personal loan lenders don’t tailor to the specific needs of plaintiffs, who often need access to the loan quickly to pay pressing expenses. The lender will take time processing the plaintiff’s personal information, credit history, and employment. If the plaintiff’s funding involves a home refinance or another mortgage related matter, then the bank may perform a home appraisal as well. But a settlement loan gives plaintiffs their funding fast, and the easy application can be filled out online.

About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit

How a plaintiff’s finances could make or break their case

Legal strategy is complicated, but something that can be known for sure is that it is important for plaintiffs to remain financially stable during their court case. A few ways that financial struggle can affect plaintiffs:

While the lawsuit is in progress, the plaintiff’s financial responsibilities don’t pause and wait for a time that’s financially convenient. The plaintiff must still maintain a standard of living by paying their mortgage, car payments, and other necessities of life along with any medical or repair bills resulting from the incident. If the plaintiff can’t make these payments and suffers from repossession, eviction, or another debt recollection method, then fighting a lawsuit becomes difficult. The struggle of personal responsibilities can take focus away from the plaintiff’s case—they must still make court dates and time for court preparation, make meetings with their lawyer, and other legal responsibilities.

The plaintiff could feel pressured to settle. If the plaintiff is struggling to pay these bills, then they may feel pressure to settle sooner than they would have liked. With debt collectors on their back and bills stacking up, accepting a low settlement just to be able to make payments right away becomes tempting. This is a common situation, since it is actually a defense strategy to stall a lawsuit in order to run the plaintiff dry, especially if the defendant is a group, like a company or organization, with a bigger legal budget than the individual plaintiff—it is often cheaper to stall a lawsuit than to pay a fair settlement. Financial stability is not only essential to the plaintiff’s ability to fight a lawsuit, but it could also be seen as a smart legal strategy.

The reason why so many plaintiffs struggle with finances during a lawsuit is that many are out of work due to an injury or another workplace related incident and suffer from lost wages. Or, even if they are working, they may be struggling with both their personal and legal responsibilities. An option available, one designed specifically for plaintiffs, is the lawsuit loan. A lawsuit loan is an advance on a plaintiff’s settlement that allows a plaintiff to use their settlement during the lawsuit. And, as previously stated, it could actually help the plaintiff win a fair settlement, since it takes the pressure off of settling early. There is a simple, fast application, so plaintiffs can get the money they need quickly and focus on their lawsuit instead of their finances.

About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit

How credit card use can hurt plaintiffs financially

When plaintiffs need funding during their lawsuit to help pay for medical bills, home and car payments, and other necessities, many look to credit cards as a fast financial fix while they wait for the case to reach a settlement. But this can only make financial matters worse—behind mortgage and student loans, credit cards are the third leading cause of household debt. Credit cards are tempting because most plaintiffs just have to reach right into their wallet rather than filling out an application, but this comes at a cost.

The interest rates that come with credit cards can be a huge financial blow to plaintiffs. The problem with plaintiffs using a “fast” fix like credit cards is that lawsuit funding is not a short term situation—most lawsuits will last longer than a year, and so relying on credit cards for this length of time leads to massive debt and interest accumulation. When the impact that credit card debt has on borrowers long term—credit debt’s effect on credit can follow an individual for decades—is considered, then credit cards aren’t really a fast funding option at all. And if a lawsuit lasts long enough, the plaintiff may find their whole settlement going to paying off their debt.

Another problem is that credit cards tend to come with a lot of fine print, making this type of funding especially unreliable for the needs of a plaintiff. For example: a borrower may obtain a credit card with a promotional rate, only to find that the lender can change the interest rate after a single late payment. Another option open to plaintiffs is a traditional loan, but that comes with a longer application process, and many plaintiffs can’t wait that long to start making payments—what often leads to credit card use.

So, plaintiffs need the reliability of a traditional loan with the speediness of credit cards. Another option is the lawsuit loan—a settlement cash advance. This type of lawsuit funding allows plaintiffs to use their settlement to help pay life’s necessities until their case concludes. This is not only a funding option designed specifically for the needs of a plaintiff, but also a smart legal strategy: a financially stable plaintiff can focus on their case instead of worrying about their financial situation, and they will feel less pressure to settle sooner than they think is fair. The right lawsuit loan company will have a fast, online application and the plaintiff should be presented with all the right information before anything is signed, meaning no tricky fine print.

About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit

Common concerns answered by lawsuit loans

When plaintiffs struggle financially, one option open to them is a lawsuit loan–an advance on their settlement that helps with finances while the case is in progress. There are many reasons to utilize this funding, especially if the following situations apply:

Are you unable to work?

This is a common issue for plaintiffs since many are pursuing legal action because of an injury or a workplace incident, such as discrimination or wrongful termination. With discrimination and wrongful termination cases, plaintiffs are often physically able to work but find that they are suffering from too much emotional distress to find a new job, must work less hours to make time for their case, or might be having trouble finding a new job in the same industry as their previous company. If lost wages are causing a plaintiff to see red, then they should look into a lawsuit loan to help make ends meet until they can get their work situation settled.

Are you feeling pressure to settle too early?

There are lots of reasons why plaintiffs settle instead of fighting longer for what they believe is fair. The plaintiff may become frustrated with the legal process and want to move on, but the main source of pressure is financial–if the plaintiff has pressing bills, then they may think they have no choice but to settle in order to pay off expenses that just can’t wait. When plaintiffs seek financial retribution for an injury or another expensive incident, they will typically be responsible for covering expenses, such as the medical bills, themselves until a judgement is made. This only makes obtaining fair reimbursement more difficult. This pressure is especially felt if the defendant is a company or organization with a big legal budget, which can be overwhelming for the individual plaintiff. If a plaintiff is feeling the heat but wants to keep fighting, lawsuit loans can offer another option. Using the money from their settlement to fight longer can be seen as an investment in the way that it gives them time to work towards what they deserve.

How soon do you need lawsuit funding?

Once plaintiffs realize that they need some financial help, the first type of funding that comes to mind is usually a traditional loan. The problem with this is the lengthy, complicated approval process: traditional loan lenders don’t streamline approval just because the plaintiff needs funding right away. Common plaintiff situations such as lost wages and medical bills call for funding fast, and so they need a type of funding designed for the plaintiff. With lawsuit loans, plaintiffs fill out an easy application and will receive funding promptly.

About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit

How debt collection affects plaintiffs

The unfortunate truth is that many plaintiffs take their case to court in order to recover lost assets only to find themselves pushed further into financial trouble while they wait for their case to settle. The time between the incident of loss and settlement ranges, but usually goes over a year. This means that the plaintiff must keep up with all of their expenses on their own until the case is over–medical bills, standard living expenses, car and home payments, among others–even though they could be suffering from lost wages due to the incident.

If the plaintiff struggles to pay debt, they could see a battle with creditors in addition to their court case. Debt collection is stressful for anyone, but action taken by creditors puts only more emotional and financial stress on plaintiffs.

The ways that debt collection can effect plaintiffs:

Lost collateral. If the plaintiff has taken out a traditional personal loan from a bank, they are required to post collateral in case they cannot make payments. The problem with traditional loans is that they are designed for the needs of a plaintiff–the lender expects payment according to a specific time schedule, regardless of whether the plaintiff’s case has been settled or not. Without a settlement, these payments can be difficult to make, especially since many plaintiffs are out of work and have other expenses piling up.

Foreclosure. This is actually a type of collateral–If the plaintiff has a mortgage and cannot keep up with payments, then the lender can foreclose on the house in order to collect. Foreclosure doesn’t just happen if an individual can’t pay their mortgage, but also if their property was used as collateral for a loan.

Legal action. If there is no collateral on a debt, in most cases, creditors cannot just take assets from an individual’s bank account; the creditor must take them to court first. Much of this process depends on the plaintiff’s state laws, but they should be aware that they may find themselves in another legal battle in addition to their original case. This takes focus away from their case and may put pressure on the plaintiff to accept a lower settlement.

Wage garnishment. One way a creditor may collect after a court judgement is wage garnishment. This also depends on state laws, but in certain cases, a creditor can take a fourth of the individual’s wages. However, if the individual has more than one creditor, this can add up to even more lost wages.

One financial option open specifically to plaintiffs is presettlement funding, a type of loan that allows plaintiffs to borrow from their future settlement to pay expenses until the case concludes. This means less pressure to settle early–it is both a lawsuit funding option and a smart legal strategy. Plaintiffs can avoid many of the problems seen with traditional loans and credit cards: the case serves as collateral, and repayment is expected after settlement.

About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit

Time is not on plaintiffs’ side, but lawsuit loans can help

Since most plaintiffs enter the legal process with little or no familiarity with the proceedings, they underestimate the time and effort required of them for the case to be successful. Because of things like commercials for attorneys or fictionalized portrayals of lawsuits in popular culture, many plaintiffs have the idea that lawsuits are an easy way for wronged parties to seek compensation. But one of the most difficult parts of fighting a lawsuit comes as a huge surprise—

The lawsuit will likely last more than a year.

It’s difficult to estimate the average length of a lawsuit due to the range of types. For example, medical malpractice lawsuits tend to last longer than personal injury cases. Although it is true that some cases reach a conclusion after only a few weeks, most will last longer than a year and are likely to last around two years. Many plaintiffs who underestimate the time that this can take enter court proceedings enthusiastically and then get frustrated both emotionally and financially when they aren’t getting their settlement as soon as they thought.

Other overlooked time-sensitive issues include:

If the defendant decides to appeal the ruling, the legal process will take even longer, especially since this is a common setting for stalling tactics. In fact, there have been cases of plaintiffs actually suing the court for taking too long to reach a ruling. Appeals are especially common if the defendant is a group or company with more resources than the average individual, especially since appealing can sometimes be cheaper than a fair settlement.

Plaintiffs of longer lawsuits are more likely to accumulate a dangerous amount of debt. When the plaintiff can’t possibly know the duration of the lawsuit, he or she can run into problems with repaying other forms of funding such as traditional loans or fast-but-expensive fixes like credit cards. If a settlement isn’t in sight, the plaintiff typically struggles with repaying these lenders in addition to the ongoing expenses that they needed funding for in the first place. This can create a cycle of debt that, when the case finally concludes, takes away a large chunk of the settlement. Why go through years of an exhausting case just to hand the settlement over to creditors?

Plaintiffs pursuing lawsuits of any duration often find that lawsuit loans are their best lawsuit funding option. One of the reasons why lawsuit loans are unique and convenient for plaintiffs is that repayment is expected once a settlement is reached. If the plaintiff is struggling because of how long the case is taking, then the plaintiff can utilize this fast and easy funding to help manage their finances until the lawsuit concludes. This can give them the financial freedom while awaiting their settlement. Financial stability prevents any stall tactics from pressuring the plaintiff into a smaller settlement, and the plaintiff’s home life will benefit as well when he or she isn’t constantly worrying about financing life’s necessities.

About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit

How lawsuit loans can help relieve plaintiffs of financial pressure

Many plaintiffs don’t realize what affect their finances have on their lawsuit. It is common for plaintiffs to struggle financially since they are often out of work, have medical bills to pay, or maybe they were experiencing hard times before their claim was even filed. Plaintiffs can cover these expenses with their settlement, however, bill collectors and creditors aren’t going to be waiting patiently for the lawsuit to conclude and will likely expect payment before the plaintiff receives their settlement. If the defendant is under too much financial stress, then they may accept a an unfair offer just to have the cash to pay bills immediately.

In this case, the plaintiff can use a lawsuit loan to help cover expenses until a settlement is reached. Lawsuit loans are taken out against the plaintiff’s settlement, and so the plaintiff can actually use their settlement to help take the pressure off of both their finances and the legal case.

A few specific instances that put financial pressure on plaintiffs:

The defendant is a company or an organization rather than an individual. Plaintiffs are responsible for their own legal fees, which can make other financial responsibilities even more stressful. But this creates even more of a hardship if the defendant isn’t also an individual. When the case is against a company–such as a slip and fall case against a restaurant or department store–then the plaintiff is fighting against a defendant with a bigger legal budget and no personal financial responsibilities. Since the defendant likely has the financial means to keep the case going for as long as necessary, this means that time is on the defendant’s side. Often, stalling the case in order to pressure the plaintiff into accepting a lower settlement is cheaper than a fair settlement. With a lawsuit loan, the plaintiff can take care of their personal expenses without jeopardizing their legal case.

The plaintiff must repay loans before receiving the settlement. If the plaintiff chooses to use credit cards or personal loans, they run the risk of having to make payments on them before the case reaches a settlement. Especially if they are out of work, this may not be a realistic option. Repaying a lawsuit loan is much more convenient for the plaintiff since the loan is repaid once the plaintiff receives their settlement.

Insurance isn’t enough to make ends meet. Plaintiffs aren’t always totally on their own—maybe insurance is helping to cover the medical expenses, or they are receiving help from another type of insurance while suffering from lost wages—but even this often isn’t enough to make ends meet, or isn’t dependable. If the plaintiff is heavily relying on insurance, then they can run into troubles if the insurance company denies coverage, which is common when the details of the injury or incident are being argued in court. With a settlement loan, the plaintiff can get the financial help they need quickly and they know exactly how much money they can count on.

About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit

How lawsuit loans can help plaintiffs deal with lost wages

Many plaintiffs who struggle to pay the bills are in their financial situation because of lost wages. This can mean that they are out of work because of an injury or because they are seeking damages for a workplace related incident such as discrimination, sexual harassment, or wrongful termination. Struggling with lost wages can send a plaintiff’s finances downhill quickly, which can even effect their case.

Plaintiffs typically suffer from lost wages at the same time that they have more expenses than usual. They have the usual responsibilities of a mortgage or rent, a car payment, and other daily expenses on top of medical bills, repairs, or other payments relating to their incident.

These stresses don’t go away once the plaintiff enters the courtroom. These financial issues can even effect the plaintiff’s legal battle in the following ways:

––The stress of making ends meet can take a plaintiff’s focus away from the lawsuit. Many plaintiffs underestimate the time and effort involved in a court case, which can last weeks, months, or years. If a plaintiff is distracted by their financial situation and then receives a lower settlement, their financial struggles will only get worse.

––If a plaintiff has pressing bills and debt collectors on their back, then their need for the case to settle grows and the plaintiff is more likely to accept a lower settlement than what they originally thought was fair. The defendant will often use stall tactics, especially if the defendant is an organization with a big legal budget rather than an individual.

There are many solutions that plaintiffs look to for their financial struggles, but most of them don’t fit the specific need of a plaintiff. These solutions include:

––Credit cards. Most plaintiffs look to credit cards first because it seems like a fast, easy fix to just pull a card from their wallet to take care of a payment. The problem with credit cards is that they are a short term fix, and although the lawsuit may reach a conclusion quickly, if it lasts any longer, the plaintiff may find their whole settlement going to repaying the interest accumulated from the high interest rates.

––Personal loans. Plaintiffs will typically look to the bank next. But even if the plaintiff gets approved—the application will include a credit and employment check—plaintiffs run the risk of having to make repayments before their lawsuit has reached a settlement. Without a salary or a settlement, the plaintiff needs to think about whether they can handle monthly payments to the lender.

A better option, one tailored specifically for the needs of a plaintiff, is a lawsuit loan.

Lawsuit loan companies understand the financial situation that a plaintiff is in, and so repayment is expected when the lawsuit concludes. After an easy and fast application process, plaintiffs can use money from their settlement to pay the expenses they struggle with during the lawsuit. They are able to focus on the lawsuit and can afford to wait for a fair settlement.

About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit

Four financial traps that plaintiffs struggle with

Financial strain is a common problem for plaintiffs. The stress of medical bills, car repairs, household expenses, and the necessities of everyday life can mean fighting a financial battle along with a legal one. One solution is a lawsuit loan, which they can use to pay bills while they wait for their settlement.

Some common mistakes that plaintiffs make when looking for a lawsuit funding solution:

Borrowing money from a friend or relative. When plaintiffs are in a tough spot financially, it is a natural reaction to look to friends or family for help. While this may work out for some plaintiffs, the sad truth is that borrowing money from a loved one regardless of the reason often results in conflict. Since lawsuits can last for years, the lender may not have realized how long the plaintiff has to wait for a settlement in order to repay them, which often strains the relationship. It is typically best to look for a professional lender so that the plaintiff can keep their financial and personal life healthier.

Using a loan that is repaid through monthly payments. Traditional personal loans are usually repaid through installments. If a plaintiff is looking for lawsuit funding, they are doing so because they are struggling to pay their expenses, but many don’t realize that they may be required to make payments on their personal loan before the lawsuit concludes. That means another monthly expense to worry about. When plaintiffs utilize lawsuit loans, repayment isn’t expected until after the plaintiff receives the settlement.

Relying on credit cards and other similar short-term fixes. When plaintiffs are busy dealing with the details of their lawsuit, they sometimes look right in their wallet for an easy and fast financial solution—credit cards. If a pressing expense can’t wait, it may seem so simple to just take out the credit card. But, as previously stated, the plaintiff can’t be sure when the lawsuit will reach a conclusion, and paying bigger expenses with credit cards is risky regardless of the reason. The longer it takes them to pay it off, the more the interest and fees will build up, and by the time the plaintiff finally receives their settlement, more than expected will be going to the credit card company. The same is true for other fast lending options like paycheck advances: they may be fast, but they’re not convenient for plaintiffs in the long run. If they are interested in settling their finances quickly, then lawsuit loans offer a quick application and funding process.

Letting bills wait. This is another easy trap for plaintiffs to fall into. Many plaintiffs don’t consider any solution at all and instead hope for a fast resolution to their case. This debt that can result from poor financial planning often effects plaintiffs years after the lawsuit is over.

Plaintiffs should be sure to research their options. If they decide that presettlement funding is right for them, then it could prevent falling into these common pitfalls.

About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit

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