Client Benefits
Whitehaven provides immediate money to personal injury victims with pending lawsuits or claims. In exchange for the money provided, we will generally receive an agreed-upon sum of money at the conclusion of the case, but only if the case is ultimately successful. If you lose your case, you do not have any obligation to repay us any money. There are no monthly payments, credit checks, employment requirements or up-front costs.
The average personal injury lawsuit can take years to work its way through the court system. Unfortunately, everyday, thousands of litigants are unable to pay their bills while awaiting the conclusion of this lengthy process. Many have missed time from work, or do not have savings or any other available sources of help from banks, family and friends. When alternative sources of money are not available, severe financial crisis can develop, including home foreclosure, eviction, bankruptcy and inability to pay necessary bills.
Insurance companies will often exploit these financial circumstances by making unreasonably low offers to settle the claim during the litigation process. Compounding this problem, during the pending lawsuit, the attorney is obligated to inform the client of any offer made by the insurance company, no matter how ridiculous the offer may be. Unfortunately, given this extreme financial pressure, the client is often tempted or even compelled to accept the insurance company's unfairly low offer resulting in the acceptance of an offer which is substantially less than full compensation for injuries or damages.
Moreover, there are many cases where the insurance company makes a business decision to hold on to their money for as long as possible and does not make any offer until the time of trial. Nevertheless, the client, in many cases, needs money now and cannot wait.
In almost all states, attorneys are specifically prohibited from advancing funds to their clients by their state's ethical rules.
Conventional lenders, such as banks and other finance companies, have refused to allow legal claimants to use their pending case as collateral for a loan.
The personal injury victim, in need of immediate financial assistance during the pendency of a claim, has been caught between a “rock and a hard place”, that giant rock known as the insurance company and the hard place known as daily living needs.
Whitehaven provides a solution for people in need of financial assistance and whose only asset is their legal case. Whitehaven assists people who need immediate funds to meet their basic needs during the lengthy litigation process. With the benefit of our funding, you can reject unfair offers and ride out the litigation process long enough to realize a better and just recovery.