Can I get money from my settlement early

Can I Get Money From My Settlement Check Early?

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In personal injury claims, plaintiffs have two options, i.e. pursuing trial litigation or agreeing to a settlement. 

The out of the court settlements are finalized to avoid the exorbitant cost of litigation and the delay for an unexpected duration of time. In these cases, the defendant generally pays monetary compensation to the plaintiff. 

The monetary settlement paid by the defendant to the plaintiff varies from one case to another and it is finalized after taking into consideration the medical bills, pain, psychological trauma, and job loss, caused to the plaintiff due to the personal injury caused by the defendant.

In our of court settlement, the claimant has to sign a release form stating that no further legal action will be pursued against the defendant on the same cause of action.

When the claimant signs the settlement release form, the insurance company or the defendant transfers the payment to the claimant. 

The settlement process may take weeks or months depending upon the parties involved in the case. However, if the injury caused to the plaintiff prevents him or her from work, and the plaintiff needs money to pay medical bills and other expenses, the lawyers of the plaintiff may negotiate with the defendant or the insurance company to pay some amount in advance before the final settlement payment arrives. 

In this case, the claimant can take some amount early from the defendant which will be deducted from the final amount agreed between the parties after the negotiation process.

Pre-settlement funding, another financial option 

Litigation is a lengthy process, and it may take several months and in some cases years to decide the success of a case. If the case is in court and it has a high probability of success, then a plaintiff may request pre-settlement funding which is an advance from the settlement while the lawsuit or litigation is ongoing. 

The permission for a pre-settlement advance is granted after a legal funding company takes into consideration different factors such as the financial needs of the plaintiff, liability, insurance limits of the defendant, attorney’s full collaboration with the funder, and the injury and treatments caused to the victim. 

For example, an accident where the plaintiff is severely injured could result in high medical expenses. Depending on the severity of the injuries, many victims are not able to continue employment leading to no other source of income. 

If you are in this situation, you may request pre-settlement funding. You do not have to wait for months and, in some cases, years to receive the compensation awarded in the case. 

Pre-settlement funding is a no risk cash advance and is provided at any stage of the case. Eligible plaintiffs receive either jumbo sums or monthly installments from their settlement to fulfill all financial needs while waiting for the lawsuit to conclude or payout. 

Pre-settlement funding is considered the most viable option available to the claimants in need of cash today. You do not have to worry about the result of the case as you only pay back the funds if you win your case.

However, if you are unsuccessful in your claim, you do not have to stress the repayment of the amount you have received from the pre-settlement funding company. You are not obliged to pay any money, whatsoever.

Contact Baker Street Funding to see if you qualify for a pre-settlement cash advance. Our interest rates are the lowest in the industry and our rates are capped. 

About Baker Street Funding

Baker Street Legal Funding helps people achieve financial ease to realize their settlement success. Our legal funding products give out more than 34,000 clients fast access to tools so you can Get Your Legal Funds Now®. Baker Street Funding approval methods come with critical essentials for getting ahead, including higher settlement funding approvals in connection to thriving customer service of like-minded people that understand litigation finance. For more information, visit bakerstreetfunding.com/about/

* This post is for educational and informational purposes only. Please consult your attorney and your financial and tax advisors before making any decisions. Terms and conditions can be found at bakerstreetfunding.com/privacy-policy

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