What Can I Use My Pre-Settlement Funding For?

No matter your financial situation, the added expenses and lost wages associated with an accident can be challenging to cope with. While you’re trying to recover physically, mentally, and emotionally from injuries, you’ll still have groceries to buy and bills to pay. 

The additional costs of medical care, transportation, or help around the house while you recover from your injury could further strain your finances. It’s common to feel hopeless in this situation, but USClaims is here to help.

Turn to Settlement Funding

Suppose you have a severe injury with compelling evidence that another person’s negligence caused it, and you have a lawyer representing you on a contingency fee basis. In this case, you might qualify for lawsuit funding.

Settlement funding provides an advance on the funds expected from your lawsuit. Upon approval of your application, we will send you a contract for you and your attorney to sign and will provide you with the funds you need within 24 to 48 business hours of receiving the signed contract. In return, you agree to pay us a portion of your lawsuit proceeds, whether your case settles or goes to trial.

Settlement funding from USClaims can help you cover your day-to-day living costs while you wait for your claim to go through. This is a no-risk option for you as a plaintiff. If you lose your case and get no compensation, you owe us nothing. We take the risk to provide you with lawsuit funding to get your life back on track.

What Can I Use Settlement Funding On?

Once we have approved your request for settlement funding and transferred the money to you, it’s entirely up to you how you spend it.

The money is rightfully yours to spend on your personal and family needs. As such, we will not ask you for any documentation, receipts, or bank statements to prove how you spent the money. People who obtain settlement funding typically use their funds for:

  • Bills and living expenses such as groceries, rent, mortgage payments, or utilities
  • Medical bills for yourself or family members
  • Transportation costs, including car payments, repairs, gas, and even public transit passes or taxi fares
  • Loan or credit card payments
  • Home modifications and disability aids
  • Counseling or rehabilitation sessions
  • Tuition fees for yourself or family members
  • Clothing, household items, and other day-to-day expenses

These expenses don’t have to relate directly to your injury. For example, if you need medical treatment for a preexisting condition, you can still spend the settlement funding on that treatment. 

In short, litigation funding from USClaims gives you the freedom to spend your funds however you need for your personal and family needs. You know your financial circumstances best, and the money is yours to keep even if you don’t end up receiving compensation in your lawsuit.

Should I Save Some of My Settlement Funding to Put Towards Paying the Funding Company?

We know you likely need money in your pocket now, so it wouldn’t make much sense to provide you with settlement funding and then start asking for payments next month. Not only is that a costly endeavor, but it is also time-consuming for an injured plaintiff.

Instead of expecting monthly payments, we get paid out of the settlement you’re awarded if and when your case settles. You are welcome to spend all your funding or save some for later use. Either way, you don’t need to pay us anything until you receive compensation for your injuries.

Focus on Your Recovery, Not Your Finances

When you apply for pre-settlement funding with USClaims, we’ll review your case. If we agree you have a good chance of making a successful claim, we’ll send you a contract for you and your attorney to sign and aim to send you the pre-settlement funding to you within 24 to 48 business hours of receiving the signed contract. Once you receive your funds, you may use them however you see fit for your personal or family use.

There’s no obligation for you to keep receipts or explain what you did with the funds. Whether you opt to pay bills, renovate your home, spend it on education, or use it for medical care, the choice is yours

Settlement funding is risk-free. If you don’t win your lawsuit, we won’t pursue you for the funds, as long as your claim is honest and truthful. We’ve helped tens of thousands of accident and injury victims across the United States cover the costs associated with their injuries and hope to be able to help you, too.

If you have had an accident and would like to learn more about how USClaims can help you get back on your feet with no-risk lawsuit funding, give us a call today at 1-877-USCLAIMS or complete our quick and easy online application form

The availability of pre-settlement funding varies by state. Contact USClaims for more information.

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