The practice of law for most attorneys is also a frequent practice of delayed gratification. Countless hours are spent on endless phone calls with clients, subpoenas, depositions, meetings, and court hearings long before a settlement decision is reached and you are compensated for your efforts. And yes, while you may experience satisfaction from helping another client win their battle, getting paid is important as well.
Let’s face it, the recurring overhead expenses are unforgiving and the individuals who expect timely payment of these expenses will not wait with you for your settlement payout. This will inevitably put undue stress and strain on your finances. With the help of pre-settlement lawsuit funding, your financial burdens will be relieved.
➞ Paperless
➞ Handled by Expert Underwriters
➞ Merit-based
We’ve made it easy to take a cash advance while awaiting your settlement. Many plaintiffs give up on their lawsuit because it’s too expensive, but legal funding provides the financial support you need while pursuing your case. And it’s not as complicated as many people think. To apply for a cash advance on a pending lawsuit:
Provide your contact information, your lawyer’s name/phone number, and the requested cash advance amount. It takes less than 5 minutes to submit your application.
Our team of legal experts and underwriters will get all the information they need to make an offer. A member of our staff will call to review the details of your application.
We usually make an offer within 24 hours, after speaking with your attorney about the case. If you accept, we’ll email your contract to review. You can accept our full offer or only as much as you need for a cash advance on a pending lawsuit.
Personal injury lawsuits can take months or even years to resolve, leaving plaintiffs in financial strain while waiting for settlement. Medical bills, living expenses, and other immediate costs can pile up, making it difficult to stay afloat.
In California, pre-settlement funding can be an actual solution to this problem. In this financial solution, the plaintiff may receive a significant amount of the settlement expected when the case is closed. Therefore, giving them access to much-needed finances at a challenging time.
Pre-settlement funding is a program that can also be termed an advance funding program that provides funds in anticipation of a settlement from a personal injury suit.
Unlike traditional loans, where you must pay back regardless of the outcome, pre-settlement funding is classified as a non-recourse advance. Hence, if you lose your case, you owe nothing to the funding company.
Plaintiffs often use pre-settlement funding to avoid expensive legal costs during their lawsuits. Therefore, allowing them to concentrate solely on the case with their lawyers.
Obtaining California pre-settlement funding follows a very simplistic process. It begins when the plaintiff applies for funds with a pre-settlement funding company. The steps followed are generally as follows:
Application Submission
Plaintiffs submit necessary documentation about their case.
Case Evaluation
The funding company evaluates the strength of the case and the potential settlement amount.
Approval
Unlike traditional loans, your credit score is not a factor; funding is based on the merits of your case.
Disbursement
Once approved, funds are disbursed quickly, often within a few days.
This efficient process allows plaintiffs to meet their immediate financial needs without prolonged waiting periods.
Not all cases qualify for California pre-settlement funding. Generally, personal injury cases, including medical malpractice and product liability claims, are eligible.
However, the specific legal regulations in California can influence the approval process and terms of funding.
Some funding companies require strong evidence to prove the case, and others may have different requirements. In such instances, you need to consult your attorney and the funding company for eligibility issues.
When financial strain builds up, plaintiffs may feel pressured to settle their cases for less than they deserve. Pre-settlement funding allows them to wait for a fair settlement instead of accepting a lowball offer out of desperation. By providing the financial stability to hold out for better compensation, this funding empowers plaintiffs to pursue justice on their terms.
With pre-settlement funding, plaintiffs can afford higher-quality legal representation, including experienced attorneys who can build a stronger case. Financial support makes it easier for plaintiffs to access experts, specialists, and resources that strengthen their position. This results in a fairer chance at winning their case and achieving an appropriate settlement.
For many plaintiffs, an injury or accident means loss of income, which affects family stability. Pre-settlement funding allows them to maintain their standard of living, protecting their loved ones from the financial fallout of an unexpected legal battle. This support can be crucial for families, helping them navigate difficult times with fewer disruptions to their daily lives.
Pre-settlement funding in California typically involves a quick and straightforward approval process. Unlike traditional loans, pre-settlement funding is based on the merits of the case, not the applicant’s credit score or employment status. This makes it accessible to more people, providing a lifeline for those in need without the hurdles of a conventional loan.
Here are costs you should consider when seeking funding for a case pre-settlement assistance Nonetheless, California pre-settlement funding can be a great help financially. However, these are some expenses which they may involve:
Fees and Interest Rates
Funding companies typically charge fees and interest rates that can vary significantly.
Time Consideration
Costs are often calculated based on the anticipated time it will take for your case to settle.
Review Terms
It’s vital to thoroughly review the terms before agreeing to funding, as these costs can impact the final settlement amount.
Being aware of the financial implications can help you make informed decisions about your funding options.
Selecting the right funding provider is critical for a positive funding experience. When searching for a reputable California pre-settlement funding company, consider factors such as interest rates, reputation, and transparency in its practices. Look for companies with a proven track record and positive client reviews.
Additionally, always involve your attorney in the process. Their expertise can guide you in negotiating terms and understanding the nuances of the funding agreement. Therefore, ensuring that your financial needs are met without jeopardizing your case.
PRODUCT LIABILITY
MEDICAL DEVICES
ATHLETE INJURIES
Completing our online application takes less than five minutes. Our team will determine a cash advance offer based on the strength of your case, the injuries you have sustained, and your chances of winning. Apply now for a cash advance on a pending lawsuit or future car accident, personal injury, or medical malpractice settlement. For more information, call (855) 870-2274 and speak with one of our friendly legal funding specialists.
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