The Dangers of Using Brokers for Legal Funding | IFN


Need Legal Funding? Get Funding From the Source, Not a Broker

January 6, 2016, on Articles |

If you are awaiting settlement or resolution of your personal injury case and you believe you would benefit from Florida legal funding, it is imperative you choose the right company to advance the money you need to pay your bills.  The funding is not a loan, and you only need to pay it back if you win your case. You do, however, need to make sure you choose the right funding provider to protect your privacy, save you money and simplify the process.

Injury Funds Now (IFN) is a pre-settlement funding service that handles all aspects of the process in-house. Your case won't be farmed out to multiple different companies in an attempt to solicit the funds for your advance, and your private medical and financial information won't be sent out to unknown investors. With IFN, you can count on discretion, confidentiality and understanding.

The Dangers of Using Brokers For Settlement Funding

When you use a broker to obtain funding, the broker simply turns to a number of different investors and companies who are in the lawsuit funding marketplace, in an attempt to get you funded. You won’t necessarily get the lowest bidder either. Usually when brokers are used, hefty front-end fees are tacked on to pay the broker or middle-man. Further, you won’t have any idea if the investor is reputable or trustworthy.  

In addition to having your legal documents and personal medical records farmed out all over the Internet, you may never know who is actually handling your lawsuit funding. Will they be able to work with you if the case settles low? Are they experienced in handling your type of case? It can be difficult to find out whether there will be hidden or surprise fees, whether private information will be shared, whether you will get your money in a timely manner or to learn anything else about the people or business providing the money since a broker is essentially a middle man. 

The broker is in business to make money by outsourcing your case to an investor whom you have not had an opportunity to investigate, and he or she is simply trying to earn a fee for the service -- a fee that will be passed on to you if the funding is approved. Some brokers may not have been in the business long and they simply create websites that make them look like they are funding companies. The investors they use may or may not be big players in the lawsuit funding industry.  Reliability is a concern that you can't afford to overlook, especially when you need the money to pay your bills while your case is being resolved.

An In-House Funding Source is a Better Solution

When you get your funding from IFN, everything from your lawsuit review to your actual funding is handled in house. Documents are never shared with outside parties and we only discuss the case and your use of our service with you and your attorney.

With IFN, there are no surprises and you know exactly who you are dealing with because we've been in the business for over a decade and offer funding in almost every state. You can learn all about our company, read testimonials from past satisfied clients and attorneys, as well as get answers to frequently asked questions that will put your mind at ease. 

We explain the process from start to finish and you will deal with the same funding specialist from the time you apply through the time you receive your funds.  

We also ensure your privacy is absolutely maintained and confidential information is kept secure. Your medical records and case information is not sent out to a host of unknown investors for bidding -- it's only reviewed by our in-house team to determine if you qualify for funding.

Contact IFN Today for Help

Injury Funds Now is ready to help you qualify for pre-settlement funding today if you have a pending personal injury case.  Give us a call to learn why working with us is better than a broker and find out some specifics about how we can help you. Call us at our toll-free number at 1-866-68-FUNDS (38637) or for faster service, apply online.

Five Star Reviews

What clients are saying:

"I was able to pay April's rent as well as the balance for the month of March and I paid the FPL and phone bills. I wish I had known about your company before it would have saved my family and me many headaches. Thank you."

- Jane D., plaintiff

"In my time of need Injury Funds Now helped me when no one else would. They provided me with understanding and most of all treated me like a human being."

- Jacqueline D., plaintiff

"Quick, professional & easy to work with"

- Attorney Michael A. Haggard, Esq

More Reviews
  • Best of Litigation Funding Company - 2012
  • Miami Dade Trial Lawyers Association 2016 Premier SponsorMiami Dade Trial Lawyers Association 2016 Premier Sponsor
  • Best of Litigation Funding Company - 2014
  • 2016 Florida Justice Association Business Friend of Eagle
  • Best of Litigation Funding Company - 2015
  • Forbes recognition

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