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Pre-settlement lawsuit funding, as its name indicates, it is a lawsuit advance given to personal injury case victims before their case is settled so they can pay for expenses during the legal process. If you are one of them and facing difficulties covering your living expenses and bills, a pre-settlement lawsuit funding system is a good option to go with.

How does it work?

Pre-settlement funding is also called lawsuit loans. Traditional banks and credit bureaus do not provide such kinds of loans. But there are some companies like Fast Cash Legal that offer lawsuit loans. You can find plenty of lawsuit advance companies online. The loan application procedure is almost the same for all:

  1. Apply online.
  2. The application is reviewed by the loan provider company.
  3. The company will evaluate your case details to determine if it qualifies for legal funding.
  4. If your application is approved, the company will send a contract and a complete fee schedule for you to review.
  5. If you agree, the cash will be transferred to your account as soon as possible through different payment methods.

What type of cases qualify for pre-settlement lawsuit funding?

  1. Pet animal injury
  2. Car accident injury
  3. Slip and fall injury
  4. Medical malpractice
  5. Premises liability cases
  6. Bicycle accident cases
  7. Pedestrian accident cases
  8. Truck accident cases
  9. Boating accident cases
  10. Burn injury cases

Why you should get pre-settlement funding?

Unfortunately, when someone involves in an accident and gets injured, their life completely gets upset. There is no option left for financial assistance at that moment. Banks and credit unions do not offer loans based on your legal case. In that scenario, the pre-settlement funding option can help you. Your settlement case may take years to solve but the lawsuit advance companies will provide you financial support when you urgently need it.

Pre-settlement funding is not a loan. It is advance cash in exchange for a portion of the expected settlement of your lawsuit. You just need to pay a little fee and interest on the loan amount.

What are the benefits of pre-settlement funding?

When you file a lawsuit, it may take a long time to resolve and you need money to pay bills and other expenses. For the money, you will think about taking debt. But pre-settlement funding can help you avoid going into debt. Here are the benefits of pre-settlement funding:

  1. There is no risk in pre-settlement funding. If you lose your case, there is no need to pay the loan amount.
  2. You can apply online for free.
  3. There is no pressured to take the first settlement offer.
  4. No hidden fees are applied.
  5. Fast cash delivery.
Author's Bio: 

Debbie is the owner of a legal finance firm in the USA. She loves writing also.