Advantages of Choosing Pre-Settlement Funding
Find out more about the advantages of choosing pre-settlement funding vs. other options.
Less than a minute to apply – get the cash you need in hours if approved.
So Many Different Funding Options. What’s The Best?
When there are different funding options out there, you may wonder what are the advantages of choosing pre-settlement funding? If you think the process of applying for these funds is going to be extensive, think again. There are many different advantages of choosing pre-settlement funding, and we hope you will consider this route as a viable option when finding the best fit for your situation.
It’s no secret that money can be tight, especially after you’ve had a serious injury that requires litigation. So, why not make your life a little bit easier and get rid of stress related to credit card bills, rent, mortgages, or other routes that people take to figure out how to make ends meet in a financially stressful time? Read on for the best reasons to choose pre-settlement funding over other options out there.
Advantage #1 Quick Turnaround
Unlike loans that deal directly with banks, pre-settlement funding companies like Fast Cash Legal offer incredibly quick turnaround times because they are based on your situation, not your credit score! Furthermore, we can usually get you your money in about 24 hours. We are in the business of being quick, and want every single one of our customers to get the financial relief they deserve after they’ve been in an accident..
Advantage #2 Avoiding Credit Checks
If you are running low on cash and can’t buy basic necessities like groceries and gas, it’s pretty common to want to turn to credit cards. Afterall, with a credit card, you can buy something now, and pay for it later. The problem with using credit cards, however, is that you usually need to have your credit score checked before you can be eligible for one. Plus, if you carry a balance, and only pay the minimum, the interest adds up. With Pre-settlement funding, you only pay when you win your case. There is no risk here because if you don’t win, you don’t have to pay it back. And, credit checks can result in lower credit scores sometimes, which brings us to our next point…
No Credit Score Decreases
Along the same lines as avoiding credit checks, pre-settlement funding allows you to keep your current high credit score in place. If you already have a credit card and decide you want to max it out to pay for things that pre-settlement funding could cover, your credit score will certainly take a nosedive. That’s why pre-settlement funding is so nice. Rather than your credit score being the determining factor on if you can make payments, it’s the strength of your court case. If you have a strong case, chances are you will receive funding without a credit check.
Appropriate Funds Allocated
Pre-settlement funding uses a few factors to determine how much money can be distributed to an individual. Some of these factors include the strength of the court case, and a percentage of what the actual settlement would be. Keeping these things in mind makes it so that an individual won’t get in over their head when it’s time to repay the loan. Unlike more general ways to borrow money, like credit cards, payday loans, or second mortgages, legal funding takes your specific situation into consideration. This is a huge advantage because, down the line, you will only have to pay back what you can afford. While it may be tempting to choose a credit card with a large credit limit, you won’t be doing your future self any favors and could actually end up in a larger financial mess in a few months.
Advantage #5 Only Pay if You Win
Perhaps the biggest advantage of choosing pre-settlement funding is that you only pay back the amount if you win your case. Yes, that is correct! Unlike credit cards, rent, mortgages, payday loans, or virtually any other type of loans or credit, you are only obligated to repay your legal funder if you win your court case. It’s really a win/win situation. The way we look at it is that we can afford to pay you now for money that you will soon be in your hands. We only take cases that we think have a good chance of winning, so if you secure funding from us at Fast Cash Legal, it means that your case has a good chance of settling in your favor.
Next Steps
As you can see, there are many advantages of choosing pre-settlement funding. If you are still on the fence about whether or not you think it’s right for you, contact us to learn more. And always remember, the application takes only a few minutes to complete and you will have funding in your bank account within 24 hours if approved. You really have nothing to lose by calling us to learn more about if pre-settlement funding is right for you.
And remember that you need not worry about how you’re going to pay us back if you end up losing your case… if that happens you will not have to pay us back. Not a single cent.
Call us today to apply at (844) 213-1116, or simply start by completing the short application!
How Do I Qualify?
While there are many things that we look at regarding your personal injury lawsuit to see if you qualify for a legal funding, there are 3 main questions we ask about your case:
- How serious were the injuries you suffered?
- Does the person who caused the accident have a way to pay for any legal settlement award?
(the real key is do they have insurance to pay for it) - Is the person who you’re claiming caused the accident actually responsible for the accident?
(kind of an odd question, we understand, but you’d be surprised)
If your case can meet these qualifications, then there is a great chance we can fund you.
Fast Cash Legal does not provide pre-settlement legal funding in the following States: Alabama, Arkansas, Colorado, District of Columbia, Illinois, Indiana, Kansas, Maine, Maryland, Missouri, Nebraska, Nevada, North Carolina, Oklahoma, South Carolina, Tennessee, Vermont, Virginia, West Virginia.
Fast Cash Legal does NOT fund Workers Compensation cases.
Start Your Free Application Now
- No credit checks
- If approved, you can get your cash in 24 hours
- If you lose your case, you owe nothing
- There is no obligation if you apply then decide not to take the funding
