

What is pre-settlement funding?
Pre-settlement funding works as a financial option for personal injury victims to cover living costs before their case settles. This type of funding has different names, including lawsuit loans or cash advances and legal funding; however, they all have the same meaning.
With pre-settlement funding, a person with a viable legal claim borrows risk-free money from a lawsuit loan company when needing financial support. Legal funding is not similar to a traditional loan since it is non-recourse and only available to people seeking compensation for physical injuries, mental pain, and anguish caused by an accident/incident due to someone else’s fault.
When you apply for pre-settlement funding, there will be no employment or credit checks because the approval is strictly based on the strength of your pending lawsuit settlement or jury verdict cash win.
With a few exceptions, you can use pre-settlement funding for almost any purpose, such as daily expenses or medical bills. One of the ways you cannot use a lawsuit loan includes anything related to financing current litigation.
Ultimately, pre-settlement funding does not require monthly payments since the advance is paid out through your settlement or judgment by your lawyer after you win your case. That means you can receive the lawsuit loan cash upfront from your anticipated settlement funds and never touch a dime from your own pocket until your case is resolved.
Pre-settlement funding works as a financial option for personal injury victims to cover living costs before their case settles. This type of funding has different names, including lawsuit loans or cash advances and legal funding; however, they all have the same meaning.
With pre-settlement funding, a person with a viable legal claim borrows risk-free money from a lawsuit loan company when needing financial support. Legal funding is not similar to a traditional loan since it is non-recourse and only available to people seeking compensation for physical injuries, mental pain, and anguish caused by an accident/incident due to someone else’s fault.
When you apply for pre-settlement funding, there will be no employment or credit checks because the approval is strictly based on the strength of your pending lawsuit settlement or jury verdict cash win.
With a few exceptions, you can use pre-settlement funding for almost any purpose, such as daily expenses or medical bills. One of the ways you cannot use a lawsuit loan includes anything related to financing current litigation.
Ultimately, pre-settlement funding does not require monthly payments since the advance is paid out through your settlement or judgment by your lawyer after you win your case. That means you can receive the lawsuit loan cash upfront from your anticipated settlement funds and never touch a dime from your own pocket until your case is resolved.