Pre-Settlement Funding
While essential in some circumstances, pre-settlement funding should generally only be considered an option as a last resort. Although, there is generally no payback required while your case is still pending, the accrued interest due at the time of settlement or judgment exceeds that of a high interest credit card. Still, when confronted with the potential loss of a home or other serious hardship there may be no better alternative if one does not have the personal or family resources to adjust. Insurance companies will seldom make partial advances except as required by law even when liability is 100% clear and you plead with them to do so.
Once adequate file documentation exists to substantiate that the accident is not primarily your fault and that the amount of money which you require on a pre-settlement funding basis bears a logical connection to the degree and manner in which you were harmed, funding can often be obtained within several days. Paperwork is minimal and no matter how long the case takes to complete, payback is deferred until resolution. Most of the time the funding is advanced on a non-recourse basis which means that if you lose your case you keep the advance without penalty or payback.
If interested, contact us for a Free Case Evaluation. The information you choose to provide will be held in strict confidence even for non-accepted cases.