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Online Solution for Litigation Funding

Beginning the arduous litigation process for many plaintiffs is a difficult and strapped time. Generally speaking people seek to get cash advances on the assumption that they will win their case and receive the money from the lawsuit. This process requires an application process, which generally gets rejected several times depending on need and the provider. A new site, The Funding exchange, offers plaintiffs and their lawyers an easier and more efficient way to complete this task. Litigation funding involves advancing cash to a plaintiff based on the likelihood of the plaintiff winning a lawsuit. Not technically considered ?loans?, these non-recourse cash advances can provide critical support to a plaintiff while they wait for their case to reach a verdict. Historically, funding litigation cases have been a very time-consuming process that required completion of an application, which was then sent or faxed to a funds provider.

Since the average funds provider declines 70% of inbound requests, this forces most plaintiffs, or the litigation brokers that represent them, to complete additional funding requests. The entire process often takes weeks or even months to get approval for funding. By the time a plaintiff finally receives the cash advance, it may be too late.
The exchange has eliminated the need for multiple applications, a plaintiff completes one application and then has access to an entire network of funds providers. Litigation brokers set their own commissions per application allowing for brokers to maximize their commissions. Brokerage commissions are deposited automatically into the broker?s bank account.

Litigation funds providers set their own parameters so only funding requests that match their criteria will be assigned to them. The Funding Exchange drastically reduces the time and costs needed to fund litigation cash advances by streamlining every step in the process and, best of all, it is completely free of charge for plaintiffs and litigation brokers. The Funding Exchange has begun a whole new era in lawsuit funding. Multiple applications will no longer need to be filed for each provider, nor will time be wasted on working on new applications. The Funding Exchange offers the fastest, easiest, and most accurate way to get requests funded for all parties: funds recipients, brokers and providers.