Personal injury lawsuits represent one of the largest industries in the country. Settlements to injured parties happen every day, to people from all walks of life. The settlement process typically takes a long time however. In the meantime, the injured party has often missed work, been disabled, attended numerous doctor visits, or incurred other out-of-pocket expenses.
Typically, the party that caused the damage in these lawsuits is covered by insurance. And as we all know, insurance companies can take a long time to settle.
For the wealthy few of our society, long delays in settlement don’t impact their lifestyle. But for the rest of us, missing work and delays in settlement can significantly impact our basic needs. In fact, more than 60% of the clients for this type of funding are facing a serious real estate issue at the time of the advance, either missing rent or mortgage payments or worse, facing eviction and foreclosure.
Other financial institutions, such as banks, rarely, if ever, help here. Victory Funding recognized that this was not fair and was established to meet the market need for pre-settlement funding.
Victory Funding was founded to serve this customer.
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