Many people take to Facebook, Twitter, and other social media platforms to share just about every event in their lives, good or bad. That’s the world we live in, but it’s important for those who have been involved in a car accident or other type of accident to be careful about continuing that practice. Why? […]
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Settlement Funding
Coming Soon to the Litigation Finance Industry: A Uniform Contract
We’ve discussed on this blog before the importance of membership in the American Legal Finance Association (ALFA). Like other groups in the finance industry have regulatory bodies, the consumer legal funding industry has ALFA, which is a trade association that represents the leading consumer legal funding companies across the country. The organization was formed in […]
Is Pre-settlement Funding Taxable?
When you receive cash from a pre-settlement funding firm like Resolution Funding, a valid concern is whether you should report that money to the IRS. A financial windfall almost always requires taxes to be paid, but settlements are a different story. Here’s a publication from the IRS that makes it clearer. The short answer: a […]
What’s a Realistic Timeline for the Personal Injury Legal Process?
If you’ve never been involved in a lawsuit, you likely have questions about how long things might take and what kind of timeframe to expect. Here is a quick overview of the different stages of the process: Treatment If you become hurt during an accident, it’s important that you don’t suffer in silence. Go see […]
Beware of Settling with Insurance Companies Too Quickly
Picture this scenario: You get into a car accident that is not your fault. You get injured in the accident, causing you to have to miss a lot of work. On top of it all, you’ve got big hospital and medical bills to pay. You’ve filed a personal injury claim with the at-fault party’s insurance […]
Statistics on Lawsuits in America
One unfortunate stereotype of American citizens is that they are “lawsuit happy,” seeking large settlements over absurd things—like the infamous McDonald’s case when a woman sued the fast-food chain over coffee that was too hot. Is this reputation justified, or do the silliest lawsuits simply get the most notoriety? The answer to this question is […]
Should You Increase Your Insurance After You Have Kids?
When most of us purchase insurance, the first thing we look at is the price of the premiums. Flip on the TV and within an hour, you’re sure to see a commercial for an insurance company promising to save you money on your monthly premiums. Of course we all want to save money, but there’s […]
What Sets Resolution Funding Apart?
If you’ve done any amount of research on companies offering lawsuit settlement loans, you probably know by now that many of these firms sound quite similar. There are a lot of consumer legal funding companies out there providing victims of accidents the money they need to pay their bills and live their lives while they […]
What Are the Basic Parts of a Contract?
We’re big believers in transparency here at Resolution Funding, and that’s why we like to make sure our clients understand exactly what they’re agreeing to when they enter into a contract with us to receive a lawsuit settlement advance. Once you submit an application to Resolution Funding, we review your case and offer you a […]
6 Common Misconceptions About Lawsuit Advances
As a relatively new industry, there are some unfortunate misconceptions about litigation financing, better known as lawsuit funding. Let’s set the record straight and debunk a few of the most common myths we hear about lawsuit advances: Lawsuit advances are loans. The confusion here is understandable because of the phrase “lawsuit loan,” which is sometimes […]