Note to reader: Throughout this post, we refer to “same day” turnaround time. With USClaims, you may be able to receive your funds the same day, though the typical turnaround time is 24 business-day hours.
If you’ve been injured in an accident and can’t work, bills can pile up fast. You could face serious debt, bankruptcy, or foreclosure on your home by the time your case resolves. Same-day pre-settlement loans could help.
When you work with USClaims, you could receive your funds from a same-day pre-settlement loan in as little as 24 business-day hours,* helping you get your finances back on track fast.
Get Started or call 1-877-USCLAIMS today to learn more.
Key Takeaways
- An injury, sudden job loss, or death of a loved one can upend your finances quickly, leaving you with mounting bills and emotional strain.
- Lawsuits can take months or even years to resolve, but your bills won’t wait.
- A same-day pre-settlement loan may provide an advance on your potential settlement, helping you stay current on bills, avoid debt, and preserve your credit score while your case moves forward.
- Same-day pre-settlement loans are not loans in the traditional sense. They are pre-settlement funding that could be approved within 24 business-day hours.*
- Unlike a traditional loan, the funding company bases approval on the strength of your case, not your credit score or income.
- Because pre-settlement funding is nonrecourse, you only repay if you win your case.
What Are Same-Day Pre-Settlement Loans?
A same-day pre-settlement loan is a type of pre-settlement funding that may provide cash within the same day as your funding agreement is signed.
Pre-settlement funding gives you access to a portion of your expected settlement before your case is resolved. While people sometimes call it a loan, pre-settlement funding works differently from traditional financing.
Rather than looking at your income, employment, or credit score, the funding company reviews the strength of your legal claim when determining eligibility. And unlike traditional loans, you only repay if you recover compensation in your case.
Once you submit your request, the funding company works directly with your attorney to review your case and determine whether you qualify. If you have a strong claim, the money can be sent directly to you so you can cover expenses while your lawsuit moves forward. Although funding isn’t guaranteed the same day in every case, some applicants receive funds very quickly depending on how soon their paperwork is completed.
Pre-Settlement Funding vs. Traditional Loans
| Feature | Same-day pre-settlement funding | Traditional loan |
|---|---|---|
| Qualification | Approval depends on the strength of your pending claim and whether you have an attorney handling your case. | Approval depends on your credit history, income, employment, existing debt, and ability to repay. |
| Repayment | You repay only if you recover compensation through your lawsuit, because funding is nonrecourse. | You must repay according to the loan agreement, even if your financial situation changes. |
| Speed to funding | Qualified individuals may receive funds in as little as 24 business-day hours after signing the funding agreement.* | Approval and funding can take anywhere from the same day to several business days, depending on the lender and loan type. |
| Restrictions | You can use the funds for anything, including expenses like rent, medical bills, utilities, groceries, and other day-to-day costs. | Personal loans can generally cover a similar range of expenses, though some loan types restrict how you use the money. |
| Costs and fees | The funding company discloses pricing in the funding agreement, and repayment comes from your case proceeds if you win. | Borrowers pay interest and any applicable lender fees according to the loan terms, regardless of case outcome. |
Who’s Eligible for Same-Day Pre-Settlement Loans?
To qualify for a same-day pre-settlement loan, you’ll typically need to meet the following criteria:
- You’ve been injured in an accident and sustained serious injuries.
- You have an attorney representing you on a contingency basis who’s willing to work with the funding company on your behalf.
- You’re currently pursuing a civil lawsuit.
- Your case shows clear liability on the part of the other party.
If you’re unsure whether you qualify, give us a call and share your story at 1-877-USCLAIMS. We can help you figure out if you’re a good candidate.
Benefits of Same-Day Pre-Settlement Funding
When your lawsuit is moving slower than your bills, same-day pre-settlement funding can give you financial breathing room. Instead of worrying about how you’ll cover everyday expenses, you can focus on your recovery while your attorney pursues the compensation your case deserves.
Nonrecourse Repayment
Unlike a traditional loan, which you must repay no matter what, same-day pre-settlement loans are nonrecourse loans. You only pay us back if you win your lawsuit. If your case doesn’t recover, you owe nothing. This structure gives you access to money now without the personal financial exposure that comes with conventional borrowing.
Fast Funding
When bills are piling up, speed matters. With a pre-settlement funding provider like USClaims, you may access funds in as little as 24 business-day hours.* That quick turnaround can help you stay current on essential expenses like rent or mortgage, utilities, and groceries without leaning on credit cards or other high-interest debt.
Need an Attorney to Apply
After an accident, it’s a smart idea to hire an attorney as soon as possible. Your lawyer can help you navigate the legal system and get fair compensation for your damages. Plus, you must be working with a lawyer on a contingency basis (their pay is tied to your legal outcome) to apply for a same-day pre-settlement loan.
Approval Based on Case Strength, Not Credit Score
Traditional lenders use your credit score and financial history to decide whether you qualify. When you submit a request for a same-day settlement loan, USClaims evaluates your eligibility based on how strong your case is.
Use the Funds However You Need
We don’t put any restrictions on how you spend your pre-settlement funds. Once the money is in your account, it’s yours to use as you see fit, and you don’t need to track where it goes or submit receipts.
No Upfront Fees or Monthly Payments
Same-day pre-settlement loans don’t require upfront payments or monthly installments while your case is pending. If you recover compensation, your lawyer repays us in one lump sum directly from your settlement or verdict. You can get the financial support you need without adding another monthly bill to your budget.
Types of Cases That May Be Eligible for Same-Day Settlement Loans
Same-day pre-settlement funding can be a fit across a range of situations, including:
- Car accidents: If your car was totaled in a car accident, the funds could help you replace your vehicle, so you have reliable transportation while your case is pending.
- Catastrophic injury: For a catastrophic injury that required extended hospitalization, funding could help you cover mounting medical bills so you’re not carrying debt for something that wasn’t your fault.
- Medical malpractice: Medical malpractice cases, including wrongful death and serious personal injury claims, can lead to significant settlements, but they often take years to resolve. Pre-settlement funding can help bridge that gap.
- Job loss: If you’ve lost your job due to whistleblowing or employment discrimination, you may have grounds to sue. In the meantime, funding can help replace your paycheck while you pursue your claim.
If any of these situations sound familiar, pre-settlement funding may be worth exploring while your attorney works toward a fair settlement.
How to Apply for a Same-Day Pre-Settlement Loan
The pre-settlement funding process is straightforward. Here’s what you need to do:
- Hire an attorney. Your lawyer will guide you through the entire legal process and must be working with you when you apply for your pre-settlement loan.
- File a claim. Your lawyer will fill out the required paperwork and gather the necessary evidence for your lawsuit.
- Submit a request for a same-day pre-settlement loan. Once you’ve made initial contact with us, we will work with your attorney to gather information and complete the application process.
- Receive your money in as little as 24 business-day hours.* Once the cash hits your bank account, you can use it for any purpose.
- Repay the cash advance. If you win your case, your lawyer will send USClaims repayment for the cash advance from the proceeds of your settlement.
Remember, pre-settlement funding is nonrecourse. If you don’t win your case, you don’t have to repay us.
States Where We Provide Funding
USClaims provides pre-settlement funding in most states across the country. Because state laws governing lawsuit funding vary, we’re currently unable to fund cases in Arkansas, Kentucky, Maryland, Montana, Washington, D.C., or West Virginia.
If you aren’t sure whether funding is available where you live, contact USClaims and we’ll walk you through your options.
Apply for a Same-Day Settlement Loan with USClaims
If you’re waiting for your lawsuit to settle but your bills can’t wait, USClaims may be able to help. We base same-day settlement loan approval on the strength of your case, not your credit score, and qualified applicants may receive funds in as little as 24 business-day hours after signing the funding agreement.*
For more than 30 years, USClaims has helped plaintiffs bridge the gap between filing a lawsuit and receiving a settlement. Our process is straightforward, we work directly with your attorney, and our funding is nonrecourse, meaning you only repay us if you recover compensation.
Submit a request now or call us today at 1-877-USCLAIMS to learn whether you qualify for pre-settlement funding.
Same-Day Pre-Settlement Loans FAQs
What is a same-day pre-settlement loan and how does it work?
A same-day pre-settlement loan is a type of pre-settlement funding that gives you access to a portion of your expected settlement before your case is resolved. Once you submit a request, the funding company works with your attorney to evaluate your claim. If you’re approved and your paperwork is complete, you may receive funds the same day or in as little as 24 business-day hours after signing your agreement.* Unlike a traditional loan, you only repay if you recover compensation.
Who is typically eligible to apply for a same-day pre-settlement loan?
You may qualify if you have a pending personal injury or other civil lawsuit, you’re represented by an attorney on a contingency fee basis, and your case appears likely to result in compensation. USClaims bases approval on the strength of your claim rather than your credit score, income, or employment history.
Can I get a same-day pre-settlement loan without a lawyer?
No, you can’t get a same-day settlement loan without a lawyer. You must hire an attorney on a contingency basis before applying for pre-settlement funding.
How fast can I get a same-day pre-settlement loan?
You may be able to get a pre-settlement loan within 24 business-day hours,* but that timeline isn’t guaranteed. Contact us to discuss your specific case.
How much money can I get from a same-day pre-settlement loan?
The amount of money you can get from a same-day pre-settlement loan is based on the strength of your case, your expected settlement amount, and other factors. USClaims issues pre-settlement loans from $500 to $1,000,000. Contact us to see how much you may qualify to receive.
What costs and fees should I expect with a same-day pre-settlement loan?
Pre-settlement funding companies charge fees for advancing your money against your expected settlement. Your total repayment depends on the amount advanced, and the fees outlined in your funding agreement. Before accepting funding, review the agreement carefully and ask questions so you understand exactly what you’ll owe if your case succeeds.
How does repayment usually proceed if I receive a same-day pre-settlement loan?
If your case ends with a settlement or court award, you repay us directly from your share of the proceeds after your attorney receives the funds. You typically won’t make monthly payments while your case is pending. And because same-day pre-settlement funding is nonrecourse, you don’t repay the advance if you don’t recover compensation.
What risks should claimants consider before accepting a same-day pre-settlement loan?
Same-day pre-settlement funding can offer real financial relief, but you should understand the cost before signing. Fees can add up over time, so take only what you need and review the terms carefully with your attorney. Used thoughtfully, pre-settlement funding can help you avoid financial hardship without pressuring you into a low settlement offer.
*Funding subject to approval. We typically fund within 24 business-day hours after we receive a fully-executed contract. Additional restrictions may apply. Call for details.
**2X CAP may not be applicable for all types of cases and/or jurisdictions.
Disclaimer:
Throughout this website, the term “loan” may be used for convenience to describe litigation funding. However, most of our transactions are not loans in the legal sense; we only extend loans in some limited jurisdictions. Common terms like “lawsuit loan” are used colloquially but misrepresent the nature of litigation funding.
