If you’ve been injured in an accident, you may be wondering how you’re going to pay your bills. Medical expenses can add up quickly, and if you’re not able to work because of your injury, you may be struggling to make ends meet. That’s where pre-settlement funding can come in handy. Pre-settlement funding is a type of loan that helps plaintiffs cover their expenses while they are waiting for their case to settle.
Here at Certified Legal Funding, we specialize in providing industry-leading pre-settlement funding and cash advances. In this blog post, we will answer some common questions about pre-settlement funding and tell you what you need to do to get approved!
What is pre-settlement funding?
Pre-settlement funding is a cash advance against your pending lawsuit. It is not a loan, so you will not have to worry about paying it back if your case is unsuccessful. You can use pre-settlement funding to pay for medical expenses, living expenses, or any other bills that you may have.
Who can apply for pre-settlement funding?
If you have been injured in an accident and are waiting for your case to settle, you may be eligible for pre-settlement funding. There are no credit requirements and you do not have to have a job to qualify. All you need is a pending personal injury claim.
What types of injuries qualify for pre-settlement funding?
Pre-settlement funding is available for all types of personal injury claims, including car accidents, slip and fall accidents, medical malpractice, and more. If you have been injured in any type of accident, you may be eligible for pre-settlement funding.
Why do some pre-settlement funding applications get turned down?
There are a few common reasons why pre-settlement funding applications get turned down. One reason is that the applicant does not have a strong enough case. In order to qualify for pre-settlement funding, you will need to have a good chance of winning your case. Another reason why applications may be denied is that the applicant has already received too much funding from other sources. If you have already received a large amount of money from your insurance company or from the other party’s insurance company, you may not be able to get pre-settlement funding.
What can I do if my pre-settlement funding application is turned down?
If your pre-settlement funding application is denied, there are a few things you can do. First, you can try applying to another funding company. There are many different companies that offer pre-settlement funding, so it’s worth trying more than one. If you believe you’ve been unjustly rejected, reach out to Certified Legal Funding and we will see what we can do about your situation and how we can help you regain your financial freedom.
Second, you can try renegotiating the terms of your loan. Some companies may be willing to give you more time to repay the loan or lower the interest rate if you agree to certain terms. Third, you can try to get a co-signer. If you have someone who is willing to co-sign for the loan, the funding company may be more likely to approve your application.
Applying for pre-settlement funding can be a great way to ease your financial burden if you’ve been injured in an accident. If you have any questions about pre-settlement funding or want to know if you qualify, we encourage you to contact us today. We would be happy to help!
How do I apply for pre-settlement funding?
The first step is submitting an application with some basic information about yourself and your case. Once we receive your application, one of our representatives will review it and contact you to discuss your case further. If we think you have a strong case, we will move forward with funding. We will then send you a contract to sign and once we receive the signed contract, we will wire the money directly into your bank account. It’s that easy!
To make sure the application process is as easy as possible, we made the application form so simple you can fill it out in less than 30 seconds. All we need are the contact details of your personal attorney and your information. If you don’t feel comfortable filling out the form on our website, you can apply over the phone by calling our toll-free number: 800 922-7439.