Q - What does it mean to "invest in a lawsuit"?
A - Accident Victims Funding literally buys a piece of the future settlement proceeds of
your lawsuit. We give you cash today in exchange for a specific amount of any settlement
or judgment that is derived from the litigation. If the case is lost, we lose also and you
owe us nothing, not even the money we invested.
Q - Are there any credit checks or employment requirements?
A - There are no credit checks or employment requirements.
Q - What happens if I lose my case?
A - You owe us absolutely nothing. If you lose, we lose too.
Q - Why don't I just get a bank loan?
A - Traditional financial institutions, including banks, do not generally lend solely on the
merits of a lawsuit. They deem the practice as too risky.
Q - Why can't my attorney lend me money?
A - The American Bar Association prohibits attorneys from lending money to clients for
anything but case expenses. This prohibition exists to prevent a conflict of interest
from arising. If you owed your attorney money you might feel pressured to accept your
attorney's advice to settle your case when you really did not want to accept the amount
offered.
Q - Is this legal?
A - Yes. Making advances on your case is perfectly legal.
Q - Can I seek my attorney's advice regarding your service?
A - Absolutely. In fact, we encourage you to do so.
Q - Is this expensive?
A - Yes. Accident Victims Funding advises that if you have any other alternative means to
meet your immediate economic needs you should do so. Accident Victims Funding is taking a
high risk in providing funding based on the future value of your pending personal injury
case. Our costs are typically 39% per year which is payable at the conclusion of your case.
Q - Are there any up front application fees?
A - No, however, a small processing fee is added to the principle and collected at the end.
Q - What role will Accident Victims Funding play in the management of my case?
A - Accident Victims Funding plays absolutely no role in the management of your case. That is
left to you and your attorney.
Q - What amounts will Accident Victims Funding invest in a case?
A - Accident Victims Funding will typically invest between $1,000 and $30,000 in a single case.
However, we have done transactions for as little as $500 and some for more than $30,000. We have also
tailored monthly subsistence payments for plaintiffs whose cases are expected to have long durations.
Q - How long does the approval process take?
A - From the time we have all the information we need from your attorney, we will typically
have a decision within 24 hours and can usually have funds ready within 72 hours.
Q - Do you charge compound interest?
A - Compound interest is interest charged on top of the interest you accrue as your cash advance
goes on in time. Compound interest can get very expensive. Accident Victims Funding does not charge
compound interest. You'll be able to calculate at any time the amount you owe.
Q - How do we get started?
A - Just fill out our online application (PDF), or
contact one of our representatives in your area.
6 Arcadian Drive • Glenville, NY 12302 • 1 866-428-3669 • Fax 1 518-372-3613
