Here is a breakdown of which type of case gets funded most commonly through my office:

January 21, 2009

I have been doing lawsuit funding as a broker now for 4.5 years. It is very interesting to take a look back and see what the numbers look like. For instance, 80% of the motor vehicle lawsuit cash advances that I have funded the plaintiff was hit while either at a red light or a stop sign!

Makes you a little uneasy if you think about it. What the hell are people doing as they approach a stop? But then again, most people aren’t consciously driving their vehicle.

99% of the lawsuits that receive funding through my office are motor vehicle accidents. Part of the remaining 1% is the slip and fall. I usually instantly decline these because they are so difficult to fund. The reason is the liability is so difficult to prove. Their usually is a lack of documentation to support it as well. The damages are usually low - meaning the person rarely has even a herniated disk.

Another part of the remaining 1% is the medical malpractice lawsuit. Again, very difficult to fund because of liability reasons. But as far as damages it is much different than the slip and fall. They are usually very serious.

The final remaining part of the 1% is the workers compensation case. Only few states even allow lawsuit cash advances to be drawn on this type of case which makes it a low performer.

Most websites including mine list more than a dozen different case types that they can fund, but usually decline. That has been the experience through my office. A person told me the other day he called on once of the companies that does lawsuit funding on a commercial case - breach of contract because they listed it on their website and he was told that they don’t do those. He asked them why they have it listed on their website and they didn’t have an answer. IT WAS FOR SEARCH ENGINE REASONS ONLY.

So, ignore the big list of case types I fund. Yes, I am glad to always try and see if we can get you a lawsuit cash advance, but after reading this post you would be mistaken to bank on the fact that you could get lawsuit funding for most cases outside of the 4 I listed above and I don’t want you to get excited to only have your hopes crushed.

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