Uses for Pre-Settlement Funding
Pre-settlement funding uses include helping people with personal injury lawsuits to pay bills.
Less than a minute to apply – get the cash you need in hours if approved.
Popular Pre-Settlement Funding Uses
Pre-settlement funding, also called pre-settlement financing, helps individuals who are involved in personal injury lawsuits. Funds act as a bridge to help close the financial gaps between when an accident occurs and when settlement funds are awarded. Like any type of funding, the amount depends on a variety of factors. Pre-settlement funding from Fast Cash Legal can be awarded very quickly. And, it is only paid back if the settlement is won in the borrower’s favor. So, what are some pre-settlement funding uses? Here are some examples to help better understand the purpose of pre-settlement funding.
Pay Medical Bills
In many cases, borrowers need cash to pay for personal injury-related medical bills. Although health insurance can pay for the bulk of medical bills related to an accident, people who have high deductibles can get crushed by an accident that was caused by someone else’s negligence. For example, if your deductible is $10,000, you must pay that amount before your own insurance kicks in. Since this can be a huge struggle for many, pre-settlement funding could help to offset expenses like these.
Furthermore, pre-settlement funding can also be used to pay for medical-related expenses that health insurance may not cover. If you need something like physical therapy or chiropractic services after an accident, oftentimes these types of medical treatments are not covered by conventional health insurance and must be paid for out-of-pocket. Pre-settlement funding can help to pay for necessary medical treatments that would not typically be covered by insurance plan or a copay.
Make Up for Lost Wages
If you’ve had a serious accident that has left you with no other choice than to seek damages, chances are that you are left pretty impaired. It would be unlikely that you would be able to return to work or be operating at normal capacity the next day, week, or month even, which means that you are losing out on your earning capacity.
Pre-settlement funding to make up for lost wages is another popular way that people spend these funds. Say you’re a stay-at-home mom that now needs to hire round-the-clock child care. Or, maybe you are missing out on commuting to the office because you are stuck in bed. If you’ve had an accident, pre-settlement funding helps to offset lost wages or productivity due to that accident. Ideally, pre-settlement funding is used to replace things that a typical paycheck would cover.
Like making up for lost wages, pre-settlement funding uses also could include buying household essential items that you need to live. These include groceries, utilities and other expenses that you need to continue running your household. If you are out of work and have spent what money you do have on medical bills, pre-settlement funding can become a literal lifesaver. Because so much time elapses before you can win a personal injury lawsuit, having funds to pay for food, gas and electricity are very crucial.
Furthermore, this cash is oftentimes used to make mortgage or rent payments. Having the security of knowing that your housing is stable during a critical injury can seriously reduce stress.
As you can see, pre-settlement funding helps people who cannot make ends meet due to an injury that was not their fault. Pre-settlement funding is not a way for someone to get rich quickly. It’s also not for spending on something like a luxury vacation. In nearly all cases, pre-settlement funds are used because the individual has been left in a financially unstable condition due to the outcomes of an unforeseen accident. So, are you thinking about applying for pre-settlement funding? Remember that these funds are designed to help you to get back on your feet.
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