Most people think that pre-settlement funding only applies to cases where the defendant has a lot of money. This isn’t true at all; pre-settlement funding can apply to anyone’s case. If you cannot wait around for your settlement, pre-settlement financing might be the right choice for you.
If someone has medical bills piling up because insurance won’t cover all expenses right away, this can be an invaluable option for getting some relief immediately without having to wait months or even years for a verdict on their personal injury lawsuit.
Certified Legal Funding is the first choice of thousands of those who were looking for legal settlement loans or legal funding for lawsuits in Tampa. Keep reading below to learn more about pre-settlement funding and what it could do for your case!
How pre-settlement funding works
Pre-settlement funding is a great option for people who have been the victim of an accident that wasn’t their fault. It provides cash now to help with medical bills and other expenses related to the case, without waiting months or years for a settlement if it comes at all. This means that your pre-settlement loan company will give you cash up front, even if the defendants do not have a lot of money.
Benefits of pre-settlement funding
Pre-settlement financing not only provides you with money when you need it most but also offers many other benefits! Some of the major benefits include that pre-settlement loans are non-recourse and don’t require credit checks or collateral. Another benefit is that pre-settlement funding will not affect your settlement, as pre-settlement loans are not deducted from the original case amount.
First benefit: You are getting cash now, as you do not have to wait for the verdict or the settlement.
Second benefit: No waiting – in fact, you can access the money in less than 24 hours after your application is approved.
Third benefit: You do not have to pay the money back if you lose the case or receive a smaller settlement than expected.
Fourth benefit: Protection from creditors and lawsuits over other debts (like credit cards) that may be linked to your pending lawsuit.
Fifth benefit: Protect assets such as homes and businesses through liens on those assets so others cannot access them while you wait for your claim against another party to come through after an accident occurs.
Sixth benefit: Providing peace of mind knowing that there will not be additional financial stress during this stressful time in your life.
Seventh benefit: Your family and friends will not know about your pre-settlement financing. The loan company keeps everything confidential, as you don’t have to tell anyone that you are using a lawsuit cash advance for legal funding in Tampa.
Eighth benefit: You can use the money however needed, so there will be no pressure or hassle when deciding how to spend it! Just think of this process like getting a personal line of credit – but without any interest charges, late fees, or other expenses if used carefully.
Ninth benefit: When your case settles, we return 100% of what was borrowed minus any attorney’s fee agreement. If there are leftover funds after paying back our loans, then those funds go directly into your pocket. This means there are no monthly payments or other requirements, unlike traditional loans where people have to pay interest for years before receiving money from their cases.
Contact us for more information
If you would like more information about how pre-settlement funding can help with your personal injury lawsuit, please don’t hesitate to contact us at 800 922-7439 today! Our friendly staff will answer all of your questions and even help you apply over the phone.