After an accident, you could lose sleep wondering how you’ll pay for everything. Medical bills, rent or mortgage payments, and daily expenses can pile up quickly, especially if your case doesn’t settle fast. And unfortunately, the justice system often moves slowly.
Pre-settlement legal funding can take the stress out of your pending personal injury lawsuit and give you the financial security you need to fully pursue your case. With legal financing, you can let your lawyer fight for appropriate compensation without feeling compelled to accept a lowball settlement.
What is Pre-Settlement Funding?
Pre-settlement funding is a way for you to get access to the money from your personal injury settlement now. Typically, these kinds of cases can take months or even years to conclude, as the opposing side will drag proceedings out in the hopes that the injured person will agree to a settlement for less than they deserve.
Instead of applying for a second mortgage or a personal loan to pay your bills as you wait for your settlement, you could choose to get an early payment through pre-settlement legal funding. You can use the legal funding as you see fit for expenses like:
- Your family’s groceries
- Rent or mortgage payments on your home
- Investment opportunities (though these will be taxed, unlike other pre-settlement legal funding expenses)
- Repairs for damaged property
- Paying off medical bills
What Types of Claims Qualify for Pre-Settlement Funding?
Personal injury law covers a wide spectrum of cases, so you might wonder which ones qualify for pre-settlement legal funding. Here’s a list of some of the most common types of cases that qualify for legal financing:
- Slip and fall accidents (lear more about settlements for slip and fall accidents)
- Nursing home neglect
- Medical malpractice claims
- Car accidents
- Pedestrian accidents
- Bicycle accidents
We also provide funding for clients who are engaged in class-action lawsuits for medical device injuries. Notably, our underwriters have supplied financial assistance to clients pursuing legal action against the manufacturers of faulty hip implants and dangerous transvaginal mesh.
What Are the Approval Requirements for Pre-Settlement Funding?
There are several qualifications that your case needs to meet before you qualify to receive pre-settlement legal funding. These requirements help to ensure that we provide money to people who truly need assistance and are serious about pursuing justice in their case. This also mitigates risk for us, as the only way we can be repaid is from your settlement.
A Lawsuit Filed in Court
In order to obtain this lawsuit cash advance, you must have a pending lawsuit that is filed in court. While you do not have to set foot in a courtroom for trial, the paperwork must be on file. However, most personal injury claims do not actually make it to trial, and it’s likely that yours won’t either.
Instead, your attorney will probably reach a settlement arrangement with the at-fault party for an appropriate and fair compensation package. Unfortunately, this takes time, and few plaintiffs can afford to wait for their settlement payment if they won’t see the money for months or even years.
Pre-settlement legal funding can ease your financial burden and give your attorney the time they need to get the compensation you truly deserve.
We only provide legal funding to personal injury claimants who are represented by attorneys. Repayment of your pre-settlement funding comes directly from your compensation package, and you stand a better chance at a recovery with a lawyer or law firm on your side. Providing funds only to clients with attorneys also helps us protect our underwriters and investors.
If you think your case might qualify for pre-settlement legal funding, speak with your attorney and with our experts to determine what is best for you.
How Soon Can You Get Legal Funding?
If you qualify for pre-settlement funding, you’re likely to wonder how much funding you can get and how soon it can arrive. After all, you might be facing bills that can’t wait as the at-fault party in your case tries to pay you as little as possible.
Our underwriters pride themselves on quick and efficient service, and typical results are as follows:
- Up to $250,000, depending on the facts of your case
- Money in your account in as little as 24 hours from the time you submit your application
Determining Your Pre-Settlement Legal Funding Amount
Every personal injury case is different, and you may require more or less legal funding than someone else. We’re dedicated to providing that funding to fit your exact needs. Some of the information we use to determine the amount we’ll offer you includes the following:
- The extent of your injuries
- The extent of care you’ve received (hospital stays, therapy, medical equipment, etc.)
- Your expected settlement amount based on similar cases in the past
- The extent of your pain and suffering
- Any aggravating factors in your claim, such as drunk driving
When you apply for funding from us, you don’t have to provide information about your family’s income, prove your employment status, or undergo a credit check. The process is all based on your expected settlement or jury award in your case, as the pre-settlement funding’s repayment comes directly from that recovery amount.
Plus, if you do not win your case and end up with no compensation, you do not owe us back!
Apply Today for Your Pre-Settlement Funding
Pre-settlement legal funding is a way for you to get the money you deserve now. Apply today to take the opposing side’s stall tactics out of the picture and to cover your expenses in the process.
If you think you can benefit from some additional cash while your lawsuit pends, fill out the form on our Apply Now page. Application is totally FREE, so you have nothing to lose! For further questions or concerns, contact our team.