What’s Pre-Settlement Funding?

Published on Sep 3, 2019 at 6:26 pm in Lawsuit Funding Information.

It can take months or even years to settle a civil case. If you’re waiting for a pending lawsuit to resolve, it’s likely your funds are decreasing as your debts increase. This can put a family under significant pressure, especially if your lawsuit is for a personal injury claim involving serious injuries and medical bills.

In order to stay on your feet and take your lawsuit as far as you need it to go to get the compensation you deserve, pre-settlement funding is an option you can consider.

What Is Pre-Settlement Funding?

Pre-settlement funding gives plaintiffs access to money before their case is settled. The money helps pay for expenses that add up during the litigation process, including medical bills, lost wages, and monthly expenses. The amount of funding a person is eligible for depends on the future compensation they’re expected to receive from their lawsuit.

One of the main benefits of pre-settlement funding is that it provides you with cash while you wait for your settlement. The process is different than traditional forms of borrowing. In most cases, you’ll discuss the matter with your lawyer and determine how much money to request. While your lawyer needs to be on board and we need to evaluate your case’s risk factor, it’s possible you could have your money in as little as 24 hours.

Preferred Capital Funding Can Help

Deciding the type of funding that’s right for you while you’re in the middle of a lawsuit can be challenging. In the end, you have to go with what’s right for you and your exact situation. If you’re in the middle of a lawsuit and have concerns about paying for expenses and meeting due dates, our lawsuit funding experts can provide you with information about pre-settlement funding. Depending on your circumstances and your lawyer’s thoughts, you could have access to anywhere from $500 to $500,000 in the matter of a day. If you’re ready, apply for lawsuit funding today.

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