Claims Funding UK: Info

Hello. This section below about Claims Funding UK is scheduled for archiving and will eventually be removed. The information may therefore be out of date. There are more review articles here or you can use our Legal Help search box to find alternate firms in your area. Thank you for your patience.

Claims Funding UK -

Do you need funding for legal, medical and living expenses whilst your case runs? Litigation funding gives you an advance on the expected compensation until your case settles, with nothing to pay unless your case is successful. Check the Claims Funding UK website for more details plus relevant terms and conditions.

N/A, , Greater London, N/A

Link unavailable. Click to see local map of alternatives >>

N/A

<p>Claims Funding UK Video</p>

ClaimsFunding UK & Ireland | Litigation Funding & Settlement Loans: Review

Litigation funding has been around for a while now, but it doesn't seem to have caught on as much as "no win, no fee" and "100% compensation" when people are looking for a solicitor to handle their case. Obviously having a solicitor that won't charge you fees whether your case wins or loses is ideal. But running cases is expensive, and law firms won't put their hand in their pocket for every expense you might have.

If you need help with extra legal, medical, and living expense bills as a result of your injuries - then you can actually take out a loan to cover them. This loan is then paid back out of your compensation settlement. You can usually claim back the loan's interest rates as part of your expenses as well, and justifiably so.

Claims Funding UK offer funding from £500 to £250,000+ with no repayments due unless the claim is successful and you've been paid your compensation. Their website states that applications are approved within days, and has full page flow-chart breakdown of the application process. To summarise:

You can either phone up or fill in the application online. An advisor will review your case and tell you within minutes if it meets the criteria for funding. They'll then need to request various documents from your solicitor to verify you and your situation. This usually takes around 48 hours, at the end of which they will tell you if funding has been approved. Both you and your solicitor will then have to sign agreeing to the terms. Then after the legally mandated 'cooling off' period, the funds will be transferred.

With many treatments and procedures under the NHS having huge waiting lists, or sometimes not being covered at all in certain areas - having the option of private healthcare would be great, if you can afford it. If your injuries have put you out of work as well, affording the treatment is even less likely resulting in a Catch 22. You need to work to pay for treatment, but you can't work until you've had treatment. Claims funding can be used for surgery, consultants fees, treatments, therapy, helpful medical equipment, rehabilitation and more.

"Our service for clients is not only to get the maximum compensation settlement but also and more importantly the best medical and rehabilitation in the fastest possible time frame."

These loans don't have to just be used to cover costs that you would normally claim back though. As we've said, many people end up out of work because of injuries. Being able to use your compensation money early to cover your mortgage, credit cards, and even daily living expenses until you're back up on your feet can only help with a faster recovery and less stress during the case. A windfall in six month's time might not be nearly as useful to you as having the money up front.

"We ... work with our clients to ensure that they have the financial resources required to see out their claim without the need for settling early for a reduced settlement."

This sentence on the Claims Funding website is an incredibly strong argument for seeking litigation funding. If you are struggling financially, you are more likely to accept the typically lower offer third parties make to end the case early.

We read through the FAQs, and a few points stood out to us. First, that you cannot apply for case funding if you plan on representing yourself - you have to use a solicitor. Second, there is no legal requirement for your solicitor to tell the third party that you have taken out a settlement loan - but he will have to inform them should you want to claim back the fees/interest charges on the loan. Third, as it's a loan, there will be a credit check to verify various details - but there is no mention of them requiring an specific score to be approved.

This next one I want to put in their own words:

"Q: When can you call in the loan?"
"A: The loan is repaid once the claim is concluded. In special circumstances however the repayment of the loan and interest charges can be demanded immediately if you act in any way which might undermine the good faith of this relationship. An example of this would be disengaging with your solicitor and/or failing to assist your solicitor with the progression of your case."

This does not mean you can never switch solicitors. You just have to have a good reason and do it properly. There are further explanations and details of this on the site.

There are three main web addresses the firm uses. The UK site is at www.claimsfundinguk.co.uk, with the Irish version at www.claimsfunding.ie, and www.claimsfunding.co hosting the American version. Obviously, with generic term web addresses, a lot of the variants will have been bought up. For example, www.claimsfunding.co.uk and www.claimsfunding.com, neither of which currently have anything showing on them. Just to be sure you end up back at the right place though, make sure to bookmark the site after following any of the links on our page.

General Notes: Usually if Legal Aid is possible we've mentioned it above, but you can always ask. We haven't looked in depth at their recruitment program so are unaware of any job vacancies available. For a career with Claims Funding UK it's best to visit the website (www.claimsfundinguk.co.uk), check opening hours, and find the correct phone/email contact details. Simply emailing a CV to reception looks lazy. Each law firm's Law Society and/or SRA number should be on their site, usually at the bottom of each page.

This Claims Funding UK article is rated
3.2 / 5 based on 11 reviews. †
(Voting has been paused for this page.)

Found this article helpful? Rate it:

☆☆☆☆☆

Other Law Firms with Reviews like Claims Funding UK:

» www.ashmanssolicitors.com - Visiting people at home and out of hours is something we're gladly seeing more of when it comes to people with jobs and/or disabilities ...
» www.kctrust.co.uk - But they're not ...
» www.blainboland.co.uk - As always ...
» www.amnestysolicitors.com - However ...
» www.kingsviewchambers.com - They state other selling points too such as a 24/7 helpline /b ...
» www.cwconveyancing.co.uk - This resulted in a poll asking people if they would use an ABS coming back with only 1% saying 'yes' ...
» www.waterstonesolicitors.com - Then dig a little deeper ...
» www.rhw.co.uk - They have a blog ...
» www.savants.co.uk - Indeed there are mountains of smiley faces and exclamation marks for you to dig through ...
» www.whitecollarlegalandadmin.com - Of course such rules usually don't work out as you'd expect - ...
» www.fursesanders.co.uk - They have an active Twitter feed that posts about regular industry news and changes ...
» www.starckuberoi.co.uk - The landlord got his £1500 rent ...
» www.autologistic.co.uk - They are something different and sharing some of our near-twenty-years-worth of experiences with accidents and legal cases has hopefully provided you with more useful information than if we'd simply shared the firm's history ...
» www.thejohnsonpartnership.co.uk - Everyone detained in a police station or interviewed under caution qualifies for legal advice and assistance free of charge ...

Search for Solicitors Near You:

Recommended Firms:

wraggmarkbell.co.uk	atkinson-rose.co.uk
thompsons-scotland.co.uk	scornik.com
bbd-llp.co.uk	thaminasolicitors.com
-- Add your Firm --

Firms Showing Multiple Complaints:

This list is based on the Legal Ombudsman's complaints database, adjusted for relevant data such as size:

» Garner Canning Ltd
» Sarah Waddington Solicitors
» Beaumont ABS Ltd
» Carpenters Ltd
» DAS Law Ltd
» Lyons Davidson Ltd
» Irwin Mitchell LLP
» Slater & Gordon UK Ltd

This list is updated regularly as new data is released. The Legal Ombudsman's complaints database can be viewed by anyone here »