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Pre-settlement funding, also known as lawsuit funding or litigation financing, is a financial service that provides plaintiffs with a cash advance based on the expected value of their pending lawsuit settlement. This funding is designed to help cover living expenses, medical bills, or other costs while waiting for the case to resolve. It is non-recourse, meaning the plaintiff only repays the advance if they win or settle their case; if they lose, they owe nothing to the funding company.
Understanding pre-settlement funding before applying is crucial for making informed financial decisions. This type of funding offers you an advance on your expected settlement, providing immediate financial relief. However, it’s important to grasp how pre-settlement funding works so you can get the cash you need with confidence.
Pre-settlement funding is not a loan because repayment is not required if you lose your case. Instead, we are buying a portion of your potential future lawsuit settlement from you. So, you get cash immediately, and if you win your case, we get an agreed-upon portion of that settlement money.
Qualification typically depends on the strength of your case, not your credit score or financial history. The funding company assesses your case's likelihood of success and potential settlement amount.
Once approved, funds are usually disbursed within 24 to 48 hours.
The amount varies but is often a percentage of the estimated settlement value, typically ranging from 10% to 20%.
No, if you lose your case, you owe nothing to the funding company.
Rates and fees vary by company but can be high. It's essential to understand the terms before agreeing.
It doesn't directly affect your case but can provide financial relief, potentially allowing more time for negotiations and a better settlement.
The terms of repayment will typically remain the same, but interest may accrue, increasing the amount owed.
No, you can use the funds for any expenses, such as medical bills, rent, or daily living costs.
Don’t let financial stress stand in the way of your pursuit of justice. Contact Fort Morgan Financial today and take the first step toward securing the funds you need. Our team is ready to assist you with any questions and guide you through the process.
Call us now at (516) 967-3089 or fill out our online application to get started.
Hi, I'm Tabitha and I'm here to walk you through your application process. Let's get you the cash you need now!
