How Does Pre-Settlement Funding Work?
Litigation Funding Basics
Financial support is provided up front at some of the lowest rates in the industry and with no risk – no recovery means no repayment.
After submitting a request, your dedicated USClaims representative will review it. Once approved, we’ll send you a purchase agreement, and you’ll receive the cash you need in 24 business-day hours.
Basically, this is how it works: USClaims will purchase an interest in the proceeds of your case and pay in cash for that interest when your purchase agreement is signed. In turn, USClaims is paid for our interest when the case concludes.
The amount paid to USClaims comes directly out of the proceeds of your case. The purchase agreement authorizes your attorney to pay USClaims directly.
Your individual purchase agreement will detail how much will be paid to USClaims; the amount depends upon the date we are paid. The longer it takes for us to receive payment, the larger the amount due up to a set maximum.
All of our purchase agreements clearly state that if your case brings no recovery, there is no obligation to USClaims unless you’ve provided us with false information, committed fraud, or otherwise breached the agreement.
All of our purchase agreements require you to state certain facts, for example, that an interest in the case has not previously been sold or that a bankruptcy case will not encumber the case.
Most Commonly Asked Questions
What types of cases are eligible for the litigation funding?
Cases that are eligible for the litigation funding include medical malpractice claims, premises and slip and fall claims, workers related matters, qui tam or whistleblower lawsuits, railroad employees and FELA claims, auto accidents and medical malpractice lawsuits. Call us today to find out more.
Who is eligible for litigation financing?
Anyone who is involved in a personal injury lawsuit with a mature claim is eligible for litigation financing. This means that the plaintiff is seriously injured, has a lawsuit with strong merits against the defendant, and is represented by an attorney on a contingency basis.
How can litigation financing be used?
Litigation funding can be used by the plaintiff to pay day-to-day expenses, like rent, utilities, groceries and other living expenses.
How does pre-settlement funding and post-settlement funding assist law firms?
Pre-settlement funding and post-settlement funding provides financial security to plaintiffs involved in personal injury, whistleblower, medical malpractice or railroad employee lawsuits. Often, plaintiffs in these matters will be unable to work and eager to settle, as they worry about losing their homes, paying their bills and managing day to day expenses.
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