18 May How Pre-Settlement Funding Works
When people hear legal funding companies, pre-settlement funding, lawsuit loans, and personal injury lawsuits they have negative reactions. People falsely believe that pre-settlement funding is a scam that hurts personal injury victims. That couldn’t be further from the truth. Pre-settlement funding helps victims when they need it most. Pre-settlement funding exists to help plaintiffs avoid financial burdens that can cause them to settle early or to fall deeper into debt. People who have experienced personal injury lawsuits will tell you how long it took for them to finally see their settlement. It is unfair to burden the victim with these financial problems as it adds insult to injury.
Turn to pre-settlement funding to prevent this from happening to you. It’s easy and we can walk you through it!
The way it works is that you and your lawyer agree to use a legal funding company to give you a loan. Your lawyer will fill out the application and send it to a legal funding company, such as CLF. The company will then evaluate if you are eligible. To be eligible you just have to have a strong case that is likely to win. Your credit rating and employment history is irrelevant – something that regular loans will take into account. You’ll receive your money usually within 24 hours of being approved. Pre-settlement funding is a quick and easy way to get the loan you need.
Some people still have concerns, especially about what happens if they win or lose. If you lose, you pay nothing. The legal funding company takes all the risk. If you win, you only repay your loan plus interest and fees. The amount you qualify will also depend on the case and settlement amount. With this information in hand, maybe it’s time to speak with your lawyer about the options that pre-settlement funding provides.
Now is the time to secure your financial future while you await your settlement. Don’t settle for anything less than the amount you deserve. Make sure you receive the money that should be awarded to you by calling us at 1-800-922-7439 today. We are available 24/7, because we know the world doesn’t stop for anybody. So, let CLF have your back by helping you get back on your feet.