For many Americans, money is tight. Suffering from a personal injury can magnify your financial struggles. Unfortunately, reaching a settlement can take a significant amount of time. Even when it’s clear the defendant was negligent in causing the plaintiff’s injuries, the process can take months or years to finalize. Pre-settlement funding can help you cope with your financial challenges while waiting for your personal injury case to conclude.
Pre-settlement funding is available to anyone with a qualifying case. There is no deposit required, and the funds do not become repayable until the case is over.
Do I Have to Pay a Deposit for Lawsuit Funding?
Lawsuit funding, also known as litigation funding or pre-settlement funding, is a cash advance, not a traditional loan. Because of how pre-settlement funding works, there is no deposit or collateral required. At USClaims, we provide an advance on the settlement funds, in return for a portion of the settlement once it pays out.
By covering your bills and accident-related expenses, settlement funding offers you a financial cushion that allows you to focus on negotiating an appropriate settlement.
How to Apply for Lawsuit Funding
Applying for lawsuit funding with USClaims is a simple process and only takes a few minutes of your time. We understand you are recovering from an injury and probably have other issues on your mind, so we made the application process as simple as possible. When you call us or complete an online application, we’ll ask you for information like:
- Your contact details and some personal data
- Your lawyer’s contact information
- Some information about your case
Your eligibility for pre-settlement funding depends on the merits of your case. Your financial status, employment, and credit history are not taken into account.
After you provide details of your case, our team reviews your application. If your personal injury lawsuit qualifies for funding, we will let you know as soon as possible.
What Do I Need to Pay to Receive Lawsuit Funding?
We understand that the impact of a personal injury can be severe and long-lasting. Many of our clients are struggling financially, and that’s why they’ve applied for pre-settlement funding.
To help you access the funds you need, our application process is free of charge. If your application is successful, we’ll transfer the funds with no deposit or collateral required.
When your lawyer receives your compensation, they’ll repay the principal and any interest and fees due at that time. You will not have to pay anything until the case concludes. In most cases, your law firm will handle settling the outstanding balance. You won’t have to worry about dealing with extra paperwork.
Benefits of USClaims’ No Deposit Requirement
Our no deposit requirement helps people from all walks of life access pre-settlement funding.
- Anyone can apply, even if they aren’t working or have no assets.
- A poor credit score won’t block someone from getting financial support.
- We communicate with your attorney for repayment, so you don’t have to handle stressful paperwork.
At USClaims, we understand how stressful personal injury lawsuits can be. We have many attorney testimonials and positive case studies from people like you. If your injury has left you with a reduced income or hefty bills, talk to us about pre-settlement funding.
What Happens If I Lose My Case?
Sometimes, you may lose your lawsuit despite a strong case. If we provided you with a cash advance and you lose your case, we will forgive the cash advance and any interest. This means that you will not need to repay us if you lose.
To reduce the risk of this happening, we vet all claims. To be eligible for pre-settlement funding from USClaims, you must:
- Have sustained a serious personal injury
- Have legal representation on a contingency basis
- Have a case with strong merits against the defendant
- Have progressed to a certain point in the settlement process
We do not ask for up-front payment or a deposit as part of the settlement process, and we won’t ask for any repayments until you receive your compensation. Our team will discuss your case with your attorney to ensure you receive the right level of funding for your case. Get more details on how this works in our settlement funding FAQ.
Key Takeaways
Pre-settlement funding can bridge the gap in your finances while you wait for a lawsuit to conclude. We help people access funding during a challenging time, thanks to our simple application process:
- No deposit or collateral required
- No credit checks
- No repayment until the case concludes
- We judge your application on the merits of your claim
- We work with your lawyer to handle repayments
At USClaims, our goal is to offer a stress-free, simple, and accessible pre-settlement funding process.
Find Out If You Qualify for Pre-Settlement Funding Now
If you’re struggling to cover medical bills or living expenses after an injury, call USClaims today. We understand how stressful it can be to have to wait for a lawsuit to conclude. Our efficient, simple application process helps us ensure a prompt review process. Let us help you bridge the gap between receiving treatment for your injury and getting the compensation you’re entitled to.
To find out if you qualify, simply apply online or call us at 1-877-USCLAIMS today! If we approve your application, you could receive your funds within 24 hours.
The availability of pre-settlement funding varies by state. Contact USClaims for more information.
