User:Trimark

How Funding Litigation Actually Works

If you are planning to go through funding litigation, it is necessary for you to understand how it actually works prior to availing it. For one thing, you need to realize that it is not as simple as borrowing money and paying for it at a later time. While that would not be the case, this product of TriMark Legal Funding LLC, would be something you will definitely be thankful for. This is because its main function would be to give you the needed financial relief so that money would be the last of your worries when working on your lawsuit. First of all, you should look into the collateral of your litigation funding. In typical loans, like the ones you are to get from the bank, you would have to put up a certain investment like that of a car or even real estate property, hence the need to mortgage houses. Rather, this one would be tied up to your assumed settlement. From this notion, the litigation funding will amount to about a tenth of how much you are entitled to receive. Nonetheless, your provider will have to stick to a set range which could be anywhere from $5,000 up to $500,000. In the event that you would need more money than how much they are offering, it will be subject to negotiation. Of course, if your need for additional support from litigation funding is actually necessary, then you do not need to worry about being approved of it. With regards to how the money would be handed to you, it would typically be on a set schedule. For instance, you would receive a portion of the funds on a monthly basis. In this way, you will be able to allot the money for your various needs such that it would be spread nicely until the case has been resolved. Now, in the case that you lose the lawsuit, you no longer have to pay for the litigation funding. This is because there would no longer be collateral for you to get. With this in mind, your financial security would be kept in check with this grant.