Qualifying Basics
The first step in our qualifying process is to complete the application. You can use our
on-line form or call 1-888-567-9991 or 484-340-7356 and we will help you.
After we have received your application we will contact your attorney for copies of needed documents, these are copies of the documents your attorney has already gathered to build your case.
We normally need the following documents:
- Attorney-client retainer agreement
- Police, accident, or incident report
- Proof of defendant’s insurance coverage
- Summary of medical bills to date
- Other materials that are required for your specific case and legal help
Your application for funding will move forward with receipt of the documents.
Funding is based on the strength of a case. Our team of legal, business and financial professionals carefully reviews the documentation of each lawsuit to assess the probability of a win at trial or an out of court settlement. From that, we determine if your case qualifies for funding.
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Approval Factors
In order for a case to be considered "investment grade" by LegalDelphia underwriters and funding sources there are several approval factors that must apply.
Damages. In personal cases, these are generally severe injuries that cost time off work and other obligations. If this is not the case, we cannot offer litigation funding.
Ability to Pay. The defendant must have the ability to pay damages through insurance or their means. If the defendant can’t pay a settlement, we can’t offer litigation funding.
Contingent Attorney Fees. Your attorney must be compensated from the proceeds of the case rather than a retainer or hourly fee. He or she must be wiling to assume the risk of winning the case to be paid for services, just as LegalDelphia Funding Co. is to be repaid for the litigation funding.
Sufficient Margin for Investment. When deciding whether to extend litigation funding in your case, we consider what other expenses will be paid form the proceeds of the settlement. These may include medical bills and liens. We check public records to find liens on cases we are considering for litigation funding. We need to assure ourselves there will be sufficient funds available for all parties.
Background. We check records to make sure any past legal proceedings of the applicant are discharged or explainable and will not affect the outcome of the current lawsuit before we authorize litigation funding.
State of Residence. LegalDelphia is able to extend litigation funding in most states.
LegalDelphia Funding Co.
Lawsuit Cash Advance Programs
- Non-Recourse=No Risk
- No Monthly Payments
- No Credit Requirements
- No Employment Requirements
- Low Competitive Rates
- Amounts $1000 to $1M
- Non-Restrictive
- Fast Approvals
- Personal Case Managers
- Fast and Easy to Apply
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