If you’re involved in a personal injury lawsuit, bills may continue to pile up, and the financial strain may become overwhelming. Fast pre-settlement funding can be life-changing and provide early access to the funds you could receive from your case.
Also known as litigation funding, pre-settlement funds are nonrecourse. This means you only pay us back if you win your case. The cash advance usually becomes available within 24 hours of approval, giving you financial breathing room during your ongoing legal battle.
When Do Pre-Settlement Funds Become Available?
Several factors influence how quickly you receive pre-settlement funds, including:
- Strength of the case: When your case has strong evidence and clear liability, it can speed up the approval process.
- Documentation: Having all the necessary documents, such as medical records and police reports, may expedite approval.
- Attorney cooperation: The quicker your attorney provides the necessary information, the faster you can access your funds.
According to the National Safety Council, an estimated 46,027 people lost their lives due to car crashes in 2022.[1] In the same year, approximately 5.2 million people incurred injuries from car accidents, which required medical attention.[1] These injuries are painful to overcome and often put severe financial strain on victims. Waiting for compensation can make this strain even worse.
Lawsuits can take years to resolve, especially in complex cases involving severe injuries and large settlements. Pre-settlement funding is a fast solution, putting cash in your pocket when you need it most — without waiting for the final verdict.
How USClaims Can Help
While you wait for your lawsuit to resolve, your income may drop because your injuries prevent you from working. Meanwhile, everyday expenses continue to grow, along with your medical bills.
With our fast pre-settlement funding, you can receive money within 24 hours to manage your expenses and other financial obligations. You can use the funds to cover various costs like:
- Living expenses: Pre-settlement funding can help you pay for utilities, rent, groceries, and other day-to-day costs.
- Medical bills: Immediate access to funds helps you receive vital medical care without delay.
- Legal fees: While many attorneys work on a contingency basis, associated costs often arise during the legal process.
USClaims has helped plaintiffs with personal injury cases, including motor vehicle accidents, slip and fall incidents, dog bites, and medical malpractice. Our experience gives us valuable insights into each case’s unique challenges.
With our support, plaintiffs can maintain financial stability during the lengthy legal process. Removing the pressure to settle quickly due to financial constraints empowers you to pursue fair compensation without compromising due to immediate financial needs.
Don’t Wait to Apply
As bills and other expenses pile up during the litigation process, the increased financial stress may lead you to settle for much less than your case is worth. By securing pre-settlement funding as early as possible, you can remove some financial pressure and put yourself in a position to work with an attorney and pursue a fair settlement.
Litigation funding can help you avoid the consequences of late payments, such as:
- Credit damage: Falling behind on bills can result in accounts going to collections and negatively impacting your credit score.
- Bankruptcy: In extreme cases, the financial strain of a pending settlement can lead to bankruptcy. Pre-settlement funding provides a financial buffer to help avoid this outcome.
At USClaims, we believe that everyone has the right to seek justice regardless of their financial situation. That’s why we work closely with you and your attorney to provide the funding you need as soon as possible.
How Soon Can I Receive Money?
If your case qualifies, we approve your application for fast pre-settlement funding and typically make those funds available within 24 business-day hours. We usually send the money directly to your attorney via check, who distributes it to you. With quick access to the funds, you can meet your financial obligations without delay.
Pre-Settlement Loans: The Application Process
Applying for pre-settlement funding with us is easy. Here’s a step-by-step breakdown of how to apply:
- Initial contact: Begin by submitting your application online or over the phone.
- Information gathering: USClaims collaborates with your attorney to obtain the necessary details about your case.
- Case evaluation: We assess the strength of your case, focusing on the likelihood of a successful settlement.
- Approval and disbursement: Once approved, we transfer the funds to your attorney’s account for distribution.
We don’t require proof of employment, and we don’t check your credit report. Not only does this make the process quicker, but it also gets your application approved based on the merits of your case alone. Here are some things to know about the process:
- Before approving your application, we speak to you and your attorney to learn about your claim.
- If your case qualifies for pre-settlement funding, we purchase some of the anticipated court judgment or settlement proceeds in exchange for immediate cash. When your case settles, and you receive compensation for your injuries, your attorney pays the funding back with part of your settlement or court award.
- If your efforts to receive compensation are unsuccessful, you don’t pay us anything. You have nothing to lose when you work with us to get the funding you need.
From start to finish, the process only takes a few days — vital for plaintiffs seeking immediate financial assistance. Learn more about the process on our pre-settlement funding FAQ page.
Start Your Application Today
Quick access to funds can be the difference between financial stability and hardship.
USClaims is an established leader in providing pre-settlement funding to plaintiffs across the United States since 1996 and is a member of the American Legal Finance Association (ALFA), which sets ethical standards and fair business practices for the pre-settlement loan industry.[2] Take a look at our attorney testimonials to see how legal professionals appreciate the financial assistance we provide their clients.
If you’re struggling to make ends meet while waiting for your settlement, don’t delay. The sooner you apply for pre-settlement funding with USClaims, the sooner you can regain control of your finances. Apply now or call us today at 1-877-USCLAIMS to learn more.
The availability of pre-settlement funding varies by state. Contact USClaims for more information.
Sources
- “Motor Vehicle – Introduction – Injury Facts.” Injury Facts, 6 May 2024, injuryfacts.nsc.org/motor-vehicle/overview/introduction.
- American Legal Finance Association. “Home – American Legal Finance Association.” American Legal Finance Association – ALFA Is the Trade Association That Represents the Leading Consumer Legal Funding Companies Across the Country., 24 Aug. 2023, www.americanlegalfin.com.