Common Questions About Legal Funding for Pre-Settlements
If you are considering using pre-settlement legal funding for a pending case that you have, it’s normal to have questions. Read on for our answers and explanations to common questions about legal funding for pre-settlements. If we don’t answer your questions here, always know you can contact us!
What cases are eligible for lawsuit funding?
This is one of a few popular common questions about legal funding that we get. We fund many different types of cases. If you are represented by an attorney and have been injured as a result of a negligent party you may be eligible. From car accidents and dog bites to wrongful termination and work related injuries, we’ll review your case fast to see if we can get you the cash you need.
Do I need a job?
No, your employment does not affect the outcome of our decision. Again, the strength of your case determines eligibility.
What upfront fees do I have to pay?
Nothing! When your case settles, your attorney will pay us once your settlement payment has been received.
How can I use the money I receive?
The funds you receive are your own personal money that you can use however you like.
Can I get funding for workers compensation cases?
Is my information private?
Yes! All the information that is given to us about your case is kept completely private. We use the information for the sole purpose of evaluating your case for lawsuit funding. Information will only be disclosed if directed by you, your attorney, a court order, or subpoena.
What if I need more money later?
As long as the additional advances do not exceed the value of your case, you are more than welcome to come back and request additional funding.
Can I get legal advice from Fast Cash?
NO! We do not provide any legal advice because we are not attorneys. In order to qualify for lawsuit funding you must have an attorney. We encourage you to talk to your attorney about your interest in funding as well as about any questions regarding your case.
Do I need good credit?
No, we do not perform any credit checks. The approval process is dependent on the strength of your case.
Is lawsuit funding a loan?
This is also one of a few popular common questions about legal funding that we get. No, this is NOT a loan. Lawsuit funding is an investment on the future outcome of a lawsuit. With a traditional loan, you are responsible for repayment no matter what. Legal funding is considered non‐recourse funding. This means that if you lose your case you owe us absolutely nothing. Legal funding allows you to concentrate on your case and recovery without having to deal with the financial burden or stress waiting for your case to settle to receive payment.
Is lawsuit funding expensive?
It can be. Legal funding companies charge either an interest rate, or what’s known as a multiplier. Also, many companies also charge additional fees in addition to their base rate. Make sure you’re aware of all the costs before you sign any agreements.
What happens to my money if I lose my case?
If you lose your case, you owe us nothing! Plain and Simple!
Can I get funding from multiple funding companies?
If you’ve never had a legal funding then only one company can provide you with a first advance. However, depending on the circumstances of your individual case you may qualify for additional funding. In which case you can go back the company that provided your first funding or look for a different company. As your case progresses and the value changes we can help.
How much can you fund me?
If your case qualifies, we will fund you anywhere from $500 to $100,000+ per individual, or 10% to 20% of the expected value of your case. The details and strength of your case will determine how much you can qualify for.
Are you involved in my case?
NO! As your funding company we are not involved in your legal case at all. Everything is between you and your attorney.
Can I use lawsuit funding for treatment or surgery?
Yes! If your doctor has recommended you for additional treatment or surgery but your insurance has been exhausted, we can help. Fast Cash will review your case and, if you qualify, pay medical providers directly so you receive the treatment you need now.
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