Claims Funding UK Info
Hello. We are no longer partnered with Claims Funding UK so the information below may be out of date. This page will be removed/replaced in due course. Please use the Solicitor Search box on the right to find an alternate firm in your area. Thank you.
|
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.
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.
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:
"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
0.0 / 5 based on 0 reviews. †
(Voting has been suspended for this page.)
Other Law Firms with Reviews like Claims Funding UK:
» www.ashmanssolicitors.com - It's a strong article ...
» www.kctrust.co.uk - The general site layout seems to be various snippets about why you should choose to use their services with plenty of references to their phone number ...
» www.blainboland.co.uk - So once you're on it ...
» www.amnestysolicitors.com - However ...
» www.kingsviewchambers.com - " /div
Catherine Stock is a barrister and qualified nurse gaining a First Class Honours BSc degree in Medical Law and a BA in Health & Nursing ...
» www.cwconveyancing.co.uk - that have to be covered when reviewing a law firm ...
» www.waterstonesolicitors.com - Most people have their own ideas about the type of solicitor they want on their case. For motor offences they may be looking for a "Mr Loophole". For family law they may prefer a female solicitor ...
» www.rhw.co.uk - Sadly from our experience Citizen's Advice Bureaus around the UK lack the facilities ...
» www.savants.co.uk - You will see the name Jackal Advisory pop up all over the place too ...
» www.whitecollarlegalandadmin.com -
All the firms we accept onto the panel are firms we think will enhance the network and provide extra useful choices for people seeking legal help ...
» www.fursesanders.co.uk -
That's not to say there isn't a great affinity for elderly clients within the firm ...
» www.starckuberoi.co.uk - We do not compromise these values ...
» www.autologistic.co.uk - We ran a poll roughly six months ago /b asking people who thought they had "car hire" included in their insurance policy to actually check the policy or ring their insurer to find out if they actually did ...
» www.thejohnsonpartnership.co.uk - Often clients were not told of the substitution ...
 flightreclaim.co.uk |
 helix-law.co.uk |
 33legal.uk |
 hallmarksolicitors.co.uk |
 accidentclaims scotland.co.uk |
 reidblack.com |
 bbd-llp.co.uk |
 thaminasolicitors.com |
| -- Add your Firm -- | |
|
This list is based on the Legal Ombudsman's complaints database, adjusted for relevant circumstances such as firm size:
» DAS Law Limited » Trade Union Legal LLP » Advantage Property Lawyers Ltd » Beaumont Abs Ltd » Butcher and Barlow LLP » Lyons Davidson Limited » Poole Alcock LLP » Attwaters Jameson Hill » Duncan Lewis Solicitors Ltd » Irwin Mitchell LLP This list is updated by us every 3-6 months as new data is released. The Legal Ombudsman's complaints database can be viewed by anyone here » |
80% of schools in some areas STILL contain asbestos - www.thisislancashire.co.uk
Insurers, not compensation culture, to blame for premium rises - www.bbc.co.uk
Consumers More Inclined To Use Internet To Locate A Solicitor Than Ask A Friend Or: You should also be able to talk about the issues you've examined up to now. if you are a law student. The custody sergeant will asks you should you would like a solicitor. Successful law applicants actually are the all-si ...
A Case: Neil Coxhead cannot speak highly enough of his encounter at UEA. describing his class as demanding but critical and extremely thought provoking in receiving his first job at as a lawyer at Allen & Overy. So that you can be a fanta ...
For House Sales And Purchases: Avoid using Claims Management Companies and rather instruct a specialist business. You should also keep in mind that many law firms manage a 'lockstep' partnership system. Your solicitor must always act on your instructio ...
Custom Search
This website uses cookies to personalise content/adverts, integrate social media functions, analyse our traffic, track votes, etc. Please check with third party application providers such as Facebook, Twitter, and Google for how they use your data. By using this website you consent to our use of cookies.