Written by Aaron R. Winston
Last Updated: July 19, 2023 2:38am CDT
Claim: Lenders making lawsuit loans generally evaluate a borrower’s credit worthiness, in addition to the likelihood of a settlement or lawsuit recovery before making a loan.
Claimed By: Investopedia
Fact Check: This is partially true. They do evaluate the likelihood of a settlement or a lawsuit recovery, but they do not evaluate a borrower’s creditworthiness other than if they find out the person applying is currently filing for bankruptcy, they will be hesitant.
However, the risk of bankruptcy does not come down credit worthiness but rather the risk of the Bankruptcy court not allowing for repayment to the legal funding company when sorting out assets as there are creditors with prior liens.
It’s the risk of bankruptcy and prior liens. The credit score itself is an irrelevant factor in qualifying.
The reality is that the average client has bad credit or no credit history at all, which can make pre-settlement funding a good option for financial relief during the litigation process to help with the daily cost of living and other personal expenses.
Fact Check By: Express Legal Funding
About the Author
Aaron Winston is the Strategy Director of Express Legal Funding. As "The Legal Funding Expert," Aaron has more than ten years of experience in the consumer finance industry. Most of which was as a consultant to a top financial advisory firm, managing 400+ million USD in client wealth. He is recognized as an expert author and researcher across multiple SEO industries.
Aaron Winston earned his title "The Legal Funding Expert" through authoritative articles and blog posts about legal funding. He specializes in expert content writing for pre-settlement funding and law firm blogs.
Each month, tens of thousands of web visitors read his articles and posts. Aaron's thoroughly researched guides are among the most-read lawsuit funding articles over the past year.
As Strategy Director of Express Legal Funding, Aaron has devoted thousands of hours to advocating for the consumer. His "it factor" is that he is a tireless and inventive thought leader who has made great strides by conveying his legal knowledge and diverse expertise to the public. More clients and lawyers understand the facts about pre-settlement funding because of Aaron's legal and financial service SEO mastery.
Aaron Winston is the author of A Word For The Wise. A Warning For The Stupid. Canons of Conduct, which is a book in poetry format. It consists of 35 unique canons. The book was published in 2023.
He keeps an academic approach to business that improves the consumer's well-being. In early 2022, Aaron gained the Search Engine Optimization and the Google Ads LinkedIn skills assessment badges. He placed in the top 5% of those who took the SEO skills test assessment.
Aaron's company slogans and lawsuit funding company name are registered trademarks of the United States Patent and Trademark Office. He has gained positive notoriety via interviews and case studies, which are a byproduct of his successes. Aaron R. Winston was featured in a smith.ai interview (2021) and a company growth case study (2022).
In 2023, Aaron and Express Legal Funding received accolades in a leading SEO author case study performed by the leading professionals at WordLift. The in-depth data presented in the pre-settlement funding SEO case study demonstrate why Aaron Winston maintains a high-author E-E-A-T. His original writing and helpful content continue to achieve unprecedented success and stand in their own class.
Aaron was born in Lubbock, TX, where he spent the first eight years of his life. Aaron attended Akiba Academy of Dallas, TX.