Pre-Settlement Funding Information
Seven facts you need to know now.
Less than a minute to apply – get the cash you need in hours if approved.
Pre-Settlement Funding Information – 7 Facts You Should Know
Pre-settlement funding is a specific type of funding that is typically only available to people who are involved in litigation related to personal injury cases. Because it is a pretty niche market, you may have questions about the ins and outs of this type of funding. Think of pre-settlement funding like an advance on your pending lawsuit to help pay for basic necessities. Here are seven important things that will provide pre-settlement funding information if you need a crash course in this subject.
Fact 1: Attorneys Should Communicate with the Pre-settlement Funding Company
When you are a party in a lawsuit, there are many moving parts to your case. Your attorney and your pre-settlement funding company should work together initially to make sure that your funding can go through. A pre-settlement funding company will want to know the value of your case so they don’t overfund and there is money left when the case settles to go around. So, if you are considering applying for pre-settlement funding, be sure to alert your attorney. They should set aside some time to speak with the pre-settlement funding company about the details of your case.
Fact 2: Every Pre-Settlement Funding Company is Different
Just like any other business that provides money, pre-settlement companies will certainly have different rates, terms and fees when it comes to the money that they lend. In terms of pre-settlement funding information, it’s important that they know the key differences. In other words, you may need to reach out to multiple pre-settlement funding companies, depending on your unique situation. For example, some companies specialize in large loans; other ones only offer small loans. However, with all pre-settlement funding companies, it’s important to check to confirm that you only pay back the money if you win your case. If you choose Fast Cash Legal, you can rest assured that this will be the case.
Fact 3: There are Different Types of Lawsuit Fundings
You should know that it’s crucial to pay attention to the wording when it comes to getting money related to a personal injury lawsuit. There are many different types of ways that funders can provide relief. Whenever you hear a company use the word “loan” it may mean that the money must be repaid, even if you lose your case. When you hear the word “funding” it typically means that you only pay back if you win your case. It’s important to check with the specific funder to see what their payback terms are.
Fact 4: Don’t Take More Than You Need
As a general rule, it’s your responsibility to be fiscally responsible. This is also true when it comes to pre-settlement funding. You should really only take what you need. These funds should be used to pay for basics like a mortgage, groceries, medical bills, etc. When a settlement is reached, it may seem like a lot of money up front, but much of those funds are used to pay bills that have been piling up. While it may be tempting to take a large chunk of change from a funding company, this can mean higher fees when it’s time to pay back the money.
Fact 5: Funding Can Come from Multiple Companies
In some cases, an individual may go to different funding companies to seek out multiple amounts of money. You should decide if this is something you are considering too. If so, you should know that the second funder will typically pay off the initial funder if and when the settlement is won.
Fact 6: Funding Can Happen Quickly
If you are struggling to make ends meet, it’s important to know that funding can be received in as little as 24 hours if you qualify. This is a huge piece of information to have in your back pocket since funding can make a big improvement on your quality of life. If you are unaware of what pre-settlement funding is and how it works, a legal funding company can help you understand more and potentially get you funding if you are in need of cash AND have a strong chance of winning a personal injury lawsuit.
Fact 7: Regulations Change Quickly
In legal funding, regulations change all the time so in terms of pre-settlement funding information, you need to be up-to-date on your facts. For example, if you tried to work with a funding company two years ago on a different case, there is a chance that the guidelines have changed. When in doubt, it’s a good idea to check with a pre-settlement funding company like Fast Cash Legal about whether or not you could qualify. What may have disqualified you two years ago may not have an impact now.
Next Steps
As you can see, there is so much pre-settlement funding information. If it seems overwhelming, don’t hesitate to reach out to a pre-settlement funding company. At Fast Cash Legal, we are available around the clock to help clients learn more about what working with us looks like. Contact us today to learn more.
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
