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How Does Pre-Settlement Funding Work?
After applying, pre-settlement funding providers typically communicate with your attorney to gather case specifics and paperwork. They’ll assess your case’s strength and potential rewards, including the likelihood of success at trial and the value of any possible settlement offers. After reviewing your paperwork, the company will extend a pre-settlement finance offer.
Before moving forward, you should consult an attorney. If you want to go with the request, you must sign a contract. The firm will then fund you according to the terms of your agreement. The typical settlement offer from an employer often varies, depending on your unique situation.
However, pre-settlement funding is unlike a regular loan. You don’t have to pay it back unless you win your case. If your lawsuit is resolved through a settlement or judgment, the money will be divided as follows:
- Liens and costs for medical care (in some states)
- Legal representation costs and related expenses
- Legal funds upfront (with fees).
The remainder is given to you. The pre-settlement company will provide you with cash advance.
To apply for free, call (877) 735-0016
Why You Should Get Pre-Settlement Funding
Here are some reasons why you should get pre-settlement funding:
To Alleviate Financial Pressure
Paying bills is the primary motivation for borrowing money against a pending legal action. Pre-settlement money might help you pay your legal fees and living expenses while you wait for your case to make its way through the lengthy judicial procedure. It could take months, even if you expect a favorable decision, to settle your case, keeping your funds in limbo the whole time. With pre-settlement funding, you can collect the money you’re owed without waiting.
To Give You More Time To Negotiate An Improved Settlement
The goal of insurance companies is to quickly and cheaply settle your claim. You may consider accepting their lowball offer, despite knowing you’d be eligible for more money after the trial. You can get through this until your case is settled with the support of pre-settlement funds. You can use the additional money to pay back the lawsuit funding firm and still have money left over. Getting a risk-free lawsuit loan gives you the leverage to ask for a higher settlement amount.
To Supplement Your Income Source If You Can’t Work
Injuries sustained in a car crash or as a result of substandard medical care might leave victims permanently incapacitated and unable to return to the workforce. Insurance firms have a long history of delaying legal proceedings. Between then and now, you probably haven’t been able to work at all, or at least not very much. If you don’t have a reliable source of income, you won’t be able to pay your bills until your case is resolved. Pre-settlement funding can ensure that you can pay your payments on time and continue living comfortably while you wait for your settlement.
Supplemental Income While You Seek Employment
You may be qualified for work but were terminated from your previous position due to discrimination. You may feel unfairly overlooked because of your race, gender, or age. You were entitled to sue your former employer since discrimination is unethical and unlawful. How you got here doesn’t matter, but now you’re not receiving a regular wage. Rather than waiting for your case to end or for a new job to come along, you can acquire the money you need right away through pre-settlement funding.
Pre-settlement Litigation Funding Applications Are Granted With No Credit Checks Required.
There are no further payments after you receive the money so that you can quit your work. Your approval is based only on the merits of your case being reviewed. Unless you are bankrupt or have outstanding child support obligations, your application will be approved if you have a valid lawsuit. You may acquire low-interest pre-settlement finance from the best pre-settlement funding firms.
Feel More Relaxed
Getting pre-settlement cash from a reputable lawsuit funding provider will help you relax while you wait for your settlement. The stress of constantly thinking about your cases can feel overwhelming. The results can be devastating when added to the stress of a tight budget. A pre-settlement lawsuit funding loan can ease financial pressure and give you breathing room while you wait for your case to settle.
When Is The Right Time To Apply For Pre-Settlement Funding?
If you have trouble making ends meet and have a lawsuit pending, consider looking into legal funding. You can get by financially until your case is settled with the help of pre-settlement funds. Legal costs, mortgage or rent, home improvements, medical bills, credit card payments, utilities, auto payments, educational expenses, company-related costs, and even a proper vacation are some of the financial obligations that could be alleviated with a well-deserved cash advance from your lawsuit. You should talk to your lawyer and financial planner to determine if pre-settlement money is right for you.
The Bottom Line
Financial options are one of the significant benefits of lawsuit funding. It is ultimately up to the customer to decide whether or not to move forward, regardless of how good or expensive the option may be. When used properly, pre-settlement lawsuit funding can be a useful financial tool. Pre-settlement finance can often be obtained in a short amount of time. If you’re working with a reputable funding organization, the entire process, from application to cash in hand, can take as little as 48 hours, and you’ll only be expected to pay back the money if you succeed in court.
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Need Risk-Free Lawsuit Funding? Contact Us Today!
If you need immediate funds to meet your financial needs before your case concludes, call us at High Rise Financial today. You can reach out to our team on (866) 407-6404. Our experienced lawsuit loan specialists will be happy to discuss your available legal funding options and guide you through the application process.
Call or text (877) 735-0016 or fill out our form to apply today for free.