Who is eligible for a pre settlement funding advance?
If you have any attorney presenting you in a personal injury claim and are over the age of 18 then you pre qualify for pre settlement funding. A few states have rules which restrict funding to larger cases. For instance, cash advances in North Carolina must exceed $25,000. This requires a very large case.
Does pre settlement funding work like a traditional loan?
Many people use the term lawsuit loans to refer to pre settlement funding, they are actually non-recourse advances because you only repay the advance plus a fee if you win your case. If you lose your case, then you don’t owe anything. This is also the reason there are no employment or credit checks as with a traditional loan.
How do I receive my money?
You can receive your cash advance via bank wire or overnight check. We can also potentially provide a Western Union or other electronic transfer.
What are some reasons why I may not receive funding?
Your case value may be too low to support an advance. Also, your medical bills may be too large and take up the majority of your expected net recovery. There may be problems with liability in your case. If you caused the accident or causation is not clearly established, it can be difficult to receive funding.