Lawsuits take a lot of time and money. It may take months or even years to get your day in court, and in some situations, this is just the beginning of a drawn-out procedure. If you were hurt or lost anything, you might need money to pay your rent, electricity, and medical fees. You must figure out a means to cover these expenses on your own until you receive the compensation you are due.

 

Get in touch with us to learn more about pre-settlement funding before you check your credit card's limit or start calling your loved ones. You may be eligible for an upfront cash advance if your case qualifies.

 

Pre-Settlement Funding: What Is It?

 

When a business gives you cash upfront in exchange for a share of your anticipated future settlement funds, this is known as pre-settlement loans or funding. The company then receives the percentage it purchased once your lawsuit has been resolved. In other words, they are paying you now in exchange for another payment once you settle.

 

You do not have that steady wage to help you pay bills if your injury stops you from working or makes it difficult for you to work frequently. You could find it challenging to stay current on payments if a plaintiff is engaged in litigation that keeps them from working.

 

The decision to settle your claim could have a long-term effect on your finances, regardless of whether you start using credit cards to pay your obligations and accumulate additional debt or if you are compelled to go into default and skip payments. You can prevent going into debt by obtaining pre-settlement finance.

 

Loans are not what pre-settlement finance is. You are not taking out a loan from the business that you must repay over a predetermined period of years. Instead, you are exchanging a portion of the settlement money you will get in the future for a cash advance.

 

How Much Can I Obtain?

The estimated worth of your case determines how much you are qualified to get. Depending on your demands and the anticipated outcome of your claim, we can put you in touch with businesses that may be able to give you as little as $300 or as much as $750,000.

 

What if I later need more money?

 

You can be eligible for more than one advance depending on the specifics of your litigation. After paying any legal or professional fees, you can typically sell a maximum of between 15% and 20% of what the firm providing the advance anticipates your total payout may be. The amount varies between different pre-settlement funding providers because it depends on a variety of different factors.

 

If your case is eligible, you might be able to get another advance if your previous pre-settlement advance wasn't enough. Call right away if you're curious to find out your alternatives.

 

How soon can I receive financing?

Every day matters when you have expenses like rent, food, and other things to pay. We only cooperate with businesses that can provide you with cash as soon as possible because we are aware of how crucial this might be. We can receive you an estimate from a pre-settlement funding firm as soon as 48 hours after our agents have the information they require from you and your attorney.

 

If you choose to accept the offer, your lawyer might need to give the business some extra information to complete the advance. However, the majority of the clients we assist receive their cash in as little as one to three business days after everything is approved. Although every claim is unique, the organization will make every effort to provide you with your money as soon as feasible.

 

Which Claims Are Covered, and What Kinds?

To be eligible for pre-settlement funding, you must have your lawyer complete an application outlining the circumstances of the case. Companies provide financing for a range of cases, but they mostly provide cash to plaintiffs in personal injury lawsuits.

 

This may consist of:-

 

Personal Injury: You are injured due to the actions of another

Premises Liability: You suffer an injury while on someone’s property, or shopping in a store

Product Liability: A product malfunctions, causing injury or pain

Medical Malpractice: You suffer pain or long-lasting injury due to preventable mistakes made by a medical professional

Wrongful Death: If someone close to you passes away due to the actions or negligence of someone else.

 

Your claim is not among those above. Still, it might be worthwhile to call. When you do, we will inquire about your case and let you know if we believe we can be of assistance. Call us right away to learn more about the lawsuits we handle most frequently.

 

What Will Happen If I Lose?

There is nothing to repay if you lose your lawsuit. Pre-settlement funding, as you may recall, is not a loan; rather, it is the purchase of a percentage of the settlement funds you might receive. Because the investment is non-recourse, the corporation cannot demand payment from you if you lose your lawsuit.

 

Pre-Settlement Funding Information

Our objective at ECO is to give you more options. Having money available to cover bills while you wait for the court to rule on your lawsuit can be quite helpful. One option to acquire money before your lawsuit is resolved is through pre-settlement funding. If you'd like to learn more before calling, check out the additional material in our pre-settlement resource center.

 

Interested in Learning More About Pre-Settlement Options?

Give us a call if you're interested in finding out more about your pre-settlement options. Before letting you know if we can find you funds so that you do not have to worry about coming to court, we will ask you a few questions regarding your lawsuit into debt while you wait for your case to settle.