02 Dec Strategies for Managing Finances While Waiting For Your Settlement
The process of settling a personal injury lawsuit can be quite lengthy and expensive. In addition to fees for your attorney, you may also need to pay for medical bills and lost wages during the time before your settlement is finalized. If you’re not able to hold off on these expenses until after you receive your settlement, pre-settlement legal funding may be an option that will allow you to manage finances while waiting for a payout from your case.
Here At Certified Legal Funding, we specialize in helping plaintiffs regain their financial freedom while waiting for their settlement. In this blog post, we will explore some of the most common strategies for managing finances while awaiting a settlement in order to help you understand your options.
The most popular strategies for managing finances
First, consider if you can hold off payments until your settlement is finalized. If possible, this may be the best option for managing money while waiting for a payout from your case. However, there are several instances in which this isn’t an option and pre-settlement funding is necessary to cover expenses that must be paid before a settlement occurs.
Second, try to find some extra income through part-time work or freelance opportunities. More people than ever are able to financially contribute by working on their own schedule from home because they can take advantage of flexible hours and make additional money online. This strategy won’t only help facilitate increased cash flow at the time of your settlement, but it will also help you build a stronger network and career.
Next, consider if anyone has offered to cover the costs of medical care or other expenses related to your case. Many times, family members such as parents may be willing to pay these bills on behalf of their child while they wait for a settlement from their personal injury claim. If this is an option available to you, make sure that any payments are made in writing so there isn’t confusion later about who should receive a reimbursement check when yours becomes available at the end of the process.
If these strategies do not apply to your situation, then pre-settlement funding may be right for you. You can use this type of legal financing to get upfront cash before your settlement occurs. This means that if you are facing a difficult situation, such as an injury or legal issue, applying for it will make the process easier and help keep costs down at the same time.
Reasons why people apply for pre-settlement funding
It’s quick and easy – There are no credit checks involved so you won’t have any issues with getting approved quickly. And with no credit checks, this means almost anyone can qualify for pre-settlement funding, even if their personal situation has been difficult in the past.
You’ll know exactly how much they will pay – After you apply, they will give you an estimate on how much money is available for your case.
It’s flexible so it can be used in many different ways: You can use the cash to cover medical bills, living expenses, and more until the settlement occurs. The only requirement is that you have a pending lawsuit or claim against another party.
Peace of mind: It also allows people to focus 100% on their cases without worrying about how they’ll afford all those costs during what might feel like forever waiting periods associated with lawsuits and claims these days; therefore, reducing stress levels too!
Contact us today!
Certified Legal Funding offers legal financing for people who need the money now. It’s easy to apply and can help you cover your costs when it matters most! Apply through our website or give us a call at 800 922-7439 to have all your questions answered or even to apply over the phone.