Pre Settlement Funding
Pre settlement funding offers plaintiffs a way to get money today and
only repay when their case settles. Pre settlement loans are non-recourse
which means that is you do not win your case, then you do not owe any money from
your pre settlement loan.
Lawsuit loans are often referred to as a lawsuit loan or a pre settlement
cash advance. However, it’s important to highlight that pre settlement funding is
not a loan although it is often described as a loan. It is an advance against
How Do I Qualify for Pre Settlement Funding?
We offer pre settlement advances for a variety of case types including
car accident cases, personal injury cases, and many product liability cases.
If you have retained a lawyer and you have an injury then you might qualify for a pre
The Process is Simple and Involves Three Steps
Here Are Some More Facts About Pre Settlement Loans and Funding:
No Credit Checks are Performed
The minimum funded amount is typically $1000
The decision time is quick
Upon approval you can receive your money within one day
No fees or payments upfront
There are also a few drawback to pre settlement advances- most apparent is that high cost of obtaining settlement loans.
The cost of settlement loans is because of the cost of capital and labor required to evaluate hundreds of claims and underwrite each case for approval.
Underwriting cases requires attorneys and support personnel to process each pre settlement request.
Alternatives to litigation finance include personal loans, low interest credit cards, and asking friends and family for assistance. Lawsuit loans should be used only as a last resort. However when you’re waiting for a settlement, a pre settlement advance might be your best option.