An automobile or other accident could turn your whole life upside down—and wreak havoc on your finances. If you become injured and are unable to work, the medical bills start piling up, not to mention any other regular bills like your rent or mortgage.
Even if you’ve filed a personal injury lawsuit, you might be stuck waiting on the legal process. This is where pre-settlement funding comes in. Pre-settlement funding is a good solution to help ease any financial strain while you wait for your trial to take place or the legal process to conclude. Here are some of the major benefits of pre-settlement funding from Resolution Funding:
Your credit score doesn’t factor into your application. Unlike a traditional loan, your credit history has no bearing on whether you will qualify for pre-settlement funding. The details of your lawsuit are the only basis for our decision on whether to fund you and how much. If you have a strong case, you’ll likely be eligible for funding.
You will be able to afford a good lawyer. Too often, people who have been involved in an accident decide not to pursue legal action due to the length of time the process might take and the expense of hiring an attorney. Pre-settlement funding will allow you to hire an experienced personal injury lawyer, which improves the chances of winning your case and getting a higher settlement.
You don’t have to pay back a lawsuit advance. Because a lawsuit advance is not a loan, it does not need to be repaid—even if your case loses. We receive payment from your settlement, not from you. It is the risk we take on as part of advancing you money, which is why the interest charged for pre-settlement funding is higher than you would find from a regular loan.
You’ll receive your money fast. Loans can take a long time to get approved and funded. Not so with pre-settlement funding. In most cases, we will be able to fund your money in little as 24-48 hours from the time you submit your application via check or debit card.
Our firm offers the lowest rates in the industry. Resolution Funding is committed to offering clients the financial cushion they need to keep their lives moving forward. We charge a one-time document review fee of $250 that you don’t have to pay until after your case settles. After that, we charge a 2.99% compounded monthly interest rate, and interest doesn’t accrue until you receive funds.
Lawsuit funding can help you pay your bills and support your family while you’re waiting for your case to resolve. If a traditional loan from a bank or family members isn’t a good option for you, this source of money is worth considering. Questions? Give us a call and we’ll walk you through the process. Call 855-LAW-ADVANCE or email us at info@resolutionfunding.com.