Pre-settlement funding, otherwise known as personal injury lawsuit loans, can help people involved in litigation who may be facing financial trouble while their cases are ongoing. In this case, Fair Legal Funding is able to provide you with fair funding while you await your settlement or verdict.
Pre-Settlement Loans and Traditional Loans are not the same
How personal injury settlement loans work is that a legal funding company like Fair Legal Funding can provide you with the quick cash you need to sustain your living expenses so you can reach the end of your lawsuit in exchange for an agreement that you will pay back the cash advanced to you with interest from your settlement or award. In order to obtain pre-settlement funding, you will need legal representation on your case, who can also help you fill out the application on our website.
How Does a Personal Injury Lawsuit Loan Work?
When receiving funding in the midst of your lawsuit(s), the lending company will get you a part of the anticipated settlement money upfront, in exchange for repayment of the total cost plus interest when your claim ends.
While you may have heard people refer to pre-settlement funding as a lawsuit loan or a cash advance on pending lawsuits, there is only one thing that really matters: Will you have to pay it back if your case loses?
With Fair Legal Funding, the answer is no!
How Does a Personal Injury Lawsuit Loan Work?
When receiving funding in the midst of your lawsuit(s), the lending company will get you a part of the anticipated settlement money upfront, in exchange for repayment of the total cost plus interest when your claim ends.
While you may have heard people refer to pre-settlement funding as a lawsuit loan or a cash advance on pending lawsuits, there is only one thing that really matters: Will you have to pay it back if your case loses?
With Fair Legal Funding, the answer is no!
How to Get Pre -Settlement Funding
1. Contact Us
2. We Speak to Your Attorney
3. We Process Your Application
4. Sign The Agreement
5. Get Your Cash The Same Day!
How to Get Pre -Settlement Funding
1. Contact Us
2. We Speak to Your Attorney
3. We Process Your Application
4. Sign The Agreement
5. Get Your Cash The Same Day!
Which Loans Can You Qualify For?
Pre-settlement funding covers a wide range of case areas. This can include car accidents, personal injuries, workers compensation, police brutality, employment and labor law violations, wrongful arrests, and more.
Depending on the case, your attorney will help you decide which loan is right for you.
Which Loans Can You Qualify For?
Pre-settlement funding covers a wide range of case areas. This can include car accidents, personal injuries, workers compensation, police brutality, employment and labor law violations, wrongful arrests, and more.
Depending on the case, your attorney will help you decide which loan is right for you.
Do You Have to Pay Us Back If You Lose?
If you get a typical loan, you will likely have to pay back the loan plus interest, even if you lose your case. However, at Fair Legal Funding this is not the case. We provide risk-free, non-recourse loans that you do not have to pay back if you lose.
We will work with your attorney to determine the merit of your case. The more likely we believe it will result in an award or settlement, the more likely we are to advance you the cash you need now.
How Long Does It Take To Receive A Lawsuit Loan?
At Fair Legal Funding, you can get a funds faster than you can say Fair Legal Funding! Once you reach out to a team member at Fair Legal Funding, and submit an application, we will get back to you in 24 – 48 hours.
Once your application is approved, you can get cash in as little as a day after we receive your application!
How Long Does It Take To Receive A Lawsuit Loan?
At Fair Legal Funding, you can get a funds faster than you can say Fair Legal Funding! Once you reach out to a team member at Fair Legal Funding, and submit an application, we will get back to you in 24 – 48 hours.
Once your application is approved, you can get cash in as little as a day after we receive your application!
Getting the Best Deal for Your Loan
If you have ever tried to get a loan from a bank or similar establishment, you know how difficult it can be. However, for legal funding companies, we make it quick and easy for you to get fair pre-settlement money, fast!
There are a few things to keep in mind when you choose a legal funding company:
- Look for longevity. They will have the experience you want when getting through tough times.
- Find a company with a specialty in personal injury lawsuits.
- Only work with companies that provide fast and low-interest-rate loans.
Getting the Best Deal for Your Loan
If you have ever tried to get a loan from a bank or similar establishment, you know how difficult it can be. For legal funding companies, however, we make it quick and easy for you to get fair pre-settlement money, fast!
There are a few things to keep in mind when you choose a legal funding company:
- Look for longevity. They will have the experience you want when getting through tough times.
- Find a company with a specialty in personal injury lawsuits.
- Only work with companies that provide fast and low-interest-rate loans.
Terms and Conditions Apply
When applying for a lawsuit loan, you will get a letter containing the terms and conditions. Someone from the team may also call you to make sure you understand these terms and conditions. You can also work with your attorney to go over them. Once you agree, you must sign the contract, acknowledging that you understand the rules that apply to the funds.
How Much Can I Receive in Funds?
The amount of funding we provide will depend on the value of your case, as well as the cost of litigation.
The funding company will offer you a projected estimate of the costs that will be associated with your case. The amount of money you receive will depend on the size of your claim and the volume of defendants in the case.
You are allowed to use the money from the funds to cover living expenses until you reach the end of your case. Some people choose to spend this money on rent, medical bills, mortgage payments, car insurance, and other expenses that need to be met during this time of legal strife.
How to Borrow Settlement Money?
In order to obtain a loan from a settlement in progress, you need to contact a good legal funding company. At the top lawsuit loan establishments, you will work one-on-one, with a single representative, so that they can tend to your needs and interests.
Your representative will work directly with your attorney to get important information about your case, to determine whether you should obtain a lawsuit loan. If your case is approved, you will receive that determination within 24-48 hours.
No Need for a Credit Check when Getting Lawsuit Loans
Because you are required to repay funds you borrow from traditional loan companies regardless of what happens with your case, they may ask you to provide task returns, paycheck stubs, or some form of financial documentation to prove that you can pay back the loan.
Some companies may not require you to show any financial documents or check your credit score to be approved. If a lender determines that your case is likely to settle, the rest of your financial information can remain confidential.
At Fair Legal Funding, our main requirement is that you obtain a lawyer or attorney to work on your case and process your application with you. Your credit score is less important due to the nature of our non-recourse loans. They will only be repaid if your case is won.
How to Choose the Right Lawsuit Loan Funding Company?
Before applying for legal lawsuit funding, you want to find a reputable lending company pre-signing any contracts or agreements. A good company will give you full transparency throughout the entire process and offer personalized service when making such a big financial decision.
Fair Legal Funding offers the transparency and openness you deserve while obtaining legal funding. We would love to answer any questions you may have about your loan or any part of the funding process. Contact a team member today to learn more!
What Are You Allowed To Spend Your Loan On?
Once of the best things about a lawsuit loan is the flexibility that it comes with. You are able to spend the money as needed, without anyone monitoring your expenses. You do not need to keep receipts or report back on what you are spending your money on. Once you get the money, it is yours to spend. You can spend it on anything from toiletries to utility and medical bills.
Ultimately, how you want to spend the money is up to you.
Lawsuit Loans Regulations
While there a few local and federal laws that regulate lawsuit loans, they can impact the amount of money you are compensated. Two of them are:
1. Contributory Negligence, which refers to sharing liability for suffering involved. If someone shares in the fault for injuries and lives in one of these states, they will not be allowed to receive compensation within the court system.
However, if you reside in a state with pure comparative negligence or a modified comparative negligence system, your injury settlement will be reduced but not taken away fully.
Your attorney can help you determine if your state’s laws will change the outcome of your settlement.
2. Statute of Limitations which refers to the time you have to pursue a civil claim in each state. Once the statute of limitations is up, the judge will no longer hear your case.
Many people wait too long to pursue justice. Don’t wait! Call now and get in touch with one of our team members at Fair Legal Funding before time runs out.
How to Protect Yourself – Insurance
Sometimes, insurance companies will try to take advantage of you and your family during your time of need. Often, they prioritize making money and will attempt to fault you for any wrongdoing during the accident, change your statement, and even lowball your offer.
If you do not know how much you could win from your case, you should get in touch with a legal expert right away.
If Your Case Falls Through – What to Expect?
The best part of a non-recourse loan is that the risk is low. Even if you lose, you will not have to pay back the lawsuit loan.
Fair Legal Funding will not collect this funding as “debt.” You can rest easy knowing that your credit score will not be impacted in a negative way.
Contact Fair Legal Funding – The Best in the Business, Today!
Fair Legal Funding is the place to go for all of your legal funding needs. Our loans are fast, non-recourse, and fair, so there is no need to worry about the risk if your case falls through.
Reach out and learn more about how much cash you can get when you apply today. Call one of our team members or fill out an application online!
