The start of a new year can be a hopeful time, but if you’re involved in a lawsuit, it can also bring financial strain. Lawsuits often take months or even years to resolve, and during that time, bills, medical costs, and daily expenses can accumulate. If you find yourself in this situation, a settlement cash advance can offer immediate relief, providing the funds you need to manage financial pressures while you wait for your case to settle.

A settlement cash advance is a financial option available to plaintiffs who are awaiting the resolution of their legal cases. It allows you to access a portion of your expected settlement before the case concludes. In this guide, we will delve into the benefits of a settlement cash advance and how it can help alleviate financial stress as you navigate your lawsuit in the New Year.

What Is a Settlement Cash Advance?

A settlement cash advance, also known as pre-settlement funding, is a financial product that allows you to receive a portion of your potential settlement before your case is resolved. The amount of funding you can access is typically based on the anticipated settlement value of your case, and you do not need to wait for a judge or jury to make a ruling.

Unlike traditional loans, a settlement cash advance does not require repayment if you lose your case. This non-recourse feature means you are not personally liable for the funds if the case is unsuccessful. The repayment for a settlement cash advance is made directly from your settlement once it is awarded.

How Can a Settlement Cash Advance Help Ease Financial Stress?

When you are in the midst of a lawsuit, managing everyday finances can be a significant challenge. If you are facing mounting medical bills, daily living costs, or even struggling to make ends meet, waiting for a settlement can feel overwhelming. A settlement cash advance provides immediate access to funds, allowing you to focus on your legal case and recovery without the added burden of financial stress.

- WHAT CLIENTS ARE SAYING -

In June, my wife and I asked our attorney about giving us a loan against any settlement proceeds from our case. He told us that the state bar does not

permit lawyers to participate in the financing of clients. The offer of settlement was very low so the case needed to be filed in court. I called Fast Funds. Within 24 hours, I had entered into an agreement with them, selling a very small portion of the anticipated proceeds to them in exchange for immediate financing. Now my suit is in court and I don't have to worry about money until it's outcome. Thank god for Fast Funds

B.G.

As a result of the advances you have made to our client, we were able to refuse an extremely low settlement offer and take the case to court. We settled the day of the trial for a very generous sum. Had there been no advances by Fast Funds, our client would have had no choice but to accept the inadequate offer since he was in severe debt due to his inability to work. Thank you for your helpful assistance in providing our client with the ability to persevere.

C.F.

I was involved in an accident which took my left leg. I was forced to live homeless for eleven months. Thanks to the Fast Funds people advancing money. I now live in an apartment,I am walking on a prosthetic and otherwise getting my life back together, even though my attorney has not yet settled my lawsuit. I don't know what I would have done for money because the insurance company has offered nothing so far.

A.R.S.

I was involved in an auto accident which caused me to suffer a herniated disc. Because of this injury, I was forced to miss many months of work. I had no income and no place or person to turn to for money. My attorney told me he was unable to help with any financing and the insurance company was refusing to settle the case. I turned to a company called Fast funds. They immediately reviewed my file and took the financial pressure off by providing me with interim financing. I am now able to wait for as long as it takes for my lawyer to achieve a successful result in my case. Without the financial involvement of Fast Funds, I don't know what I would have done.

K.P.

I wanted to thank you for your sensitivity in helping me cope through a very difficult time in my life. Without your help, I would have been unable to pay my rent , forcing my wife and children to be put on the street. I have not been able to return to work and I was tempted to accept the insurance company's very low offer to settle, even though I knew it was not fair or reasonable. You have given me the ability to withstand the financial pressures. Thanks for your help. I will never forget it

C.S.

I have in the past referred clients to Fast Funds Inc., a non-recourse company. The experience of my clients

and my firm were totally positive. Fast Funds was responsive to the clients financial and emotional needs, provided the necessary emergency money and did not interfere in any manner with my handling of the cases. The clients, without my input, negotiated the advance directly with the company. In each case, they were completely satisfied with the final result of the case, including the amount of profit earned by Fast Funds. Non-recourse funding is clearly a valuable tool to the plaintiff's attorney.

M.J.L.

"I am writing to recommend the valuable assistance of the Fast Funds Inc., a company that provided interim funding to financially needy clients. They help to insure that a case will be brought to a successful resolution. A good case in point is when I was offered $75,000.00 for a seriously injured client. Had she not been able to take advantage of the advance financing offered by Fast Funds, I would have been forced to take the money. As it turned out, because my client now had the financial ability to withstand the pressures of time, I tried the case to a jury and received a verdict of $315,000.00.

M.S.D.

It is my belief that non-recourse companies, such as Fast Funds, the company to whom I refer my needy clients, perform an invaluable service to both the client and the attorney. Simply put, it is common knowledge that one of the tools negotiation utilized by insurance companies is time. Offering

considerably less money than the actual case value to a client in desperate need of funds while the case is pending, gives the insurance companies a tremendous advantage. This advantage is minimized and the playing field is leveled when the client has the ability to obtain funds for a minimal portion of the anticipated proceeds. Many times, with no prospects of income, an injured party will settle the case for whatever offer is made.

R.J.F.

Here’s how it can help you:

Immediate Access to Funds: Once your application is approved, the funding is often available within 24 to 48 hours. This quick turnaround can be crucial when you are facing urgent financial needs.
No Monthly Payments: Unlike a traditional loan, a settlement cash advance does not require monthly payments. Instead, the repayment is taken from the final settlement, allowing you to keep your finances stable while waiting for the case resolution.
Non-recourse: If your case does not settle in your favor, you are not required to pay back the advance. This makes it a lower-risk option compared to personal loans or credit lines, which can require repayment regardless of the outcome.

The Benefits of Settlement Cash Advances

There are several key benefits that make settlement cash advances an appealing option for plaintiffs navigating a legal battle:

Flexibility: With the funds from a settlement cash advance, you can cover a wide range of expenses. Whether it’s paying medical bills, rent, utilities, or everyday living costs, the money is yours to use as needed.
Peace of Mind: One of the biggest sources of stress in a lawsuit is the financial pressure. A settlement cash advance can relieve this burden, allowing you to focus on your health, your case, and your family without constantly worrying about money.
No Risk of Debt: Since a settlement cash advance is non-recourse, you don’t need to worry about accumulating debt if your case is unsuccessful. The only time you will owe the money back is when your case is settled successfully.
No Credit Check: Many plaintiffs worry about their credit when applying for financial assistance. However, a settlement cash advance is based on the merits of your case, not your credit score. This makes it accessible to individuals who may not qualify for traditional loans or lines of credit.

When Should You Consider a Settlement Cash Advance?

A settlement cash advance can be an invaluable tool, but it’s important to understand when it’s the right choice for your situation. Here are some scenarios in which a settlement cash advance may be beneficial:

Extended Lawsuit Timelines: If your lawsuit is expected to take a long time to resolve, a settlement cash advance can provide essential financial support during this period.
Medical Costs from an Injury: If your case involves personal injury, you may have mounting medical bills. A settlement cash advance can help you manage these costs while you await the final settlement.
Financial Hardship: If you are struggling with basic living expenses or facing the risk of foreclosure or eviction, a settlement cash advance can help you avoid further financial hardship while your lawsuit is in progress.

How to Apply for a Settlement Cash Advance

Applying for a settlement cash advance is a straightforward process, but it’s important to understand what’s involved. Here’s a step-by-step guide:

Consult with a Funding Company: The first step is to contact a reputable settlement funding company. They will review your case to determine if you qualify for a cash advance based on the expected outcome of your settlement.
Review the Terms: The funding company will explain the terms, including the amount of funding you are eligible for, the fees associated with the advance, and the repayment structure.
Submit Your Application: Once you’ve reviewed and agreed to the terms, you will submit the necessary documents, which may include case details and other supporting information.
Receive Your Funds: If approved, the funds are typically transferred to you quickly, often within a few days, allowing you to address your financial needs.
Repayment: When your lawsuit is settled, the advance is repaid directly from the settlement. If your case is not successful, you owe nothing.

Potential Drawbacks of Settlement Cash Advances

While settlement cash advances offer many benefits, there are some factors to consider before applying:

Fees and Costs: Funding companies typically charge a fee for their services, which can vary depending on the size of the advance and the length of time it takes for your case to settle. It’s important to review the fees and understand how they will impact your final settlement.
Impact on Settlement Amount: Since the advance is repaid from your settlement, the amount you receive after your case is resolved will be reduced by the amount of the advance and associated fees.

Is a Settlement Cash Advance Right for You?

A settlement cash advance can be an effective way to manage financial stress while waiting for a lawsuit to resolve. However, it’s essential to evaluate your specific circumstances and consult with your attorney to determine if it’s the best option for you.

If you are facing significant financial pressures and need immediate relief, a settlement cash advance may be a suitable solution. It provides a low-risk, non-recourse way to access funds and manage expenses during a lengthy legal battle.

As you enter the New Year and continue your legal journey, don’t let financial stress dictate your well-being. A settlement cash advance from Fast Funds can offer the relief you need, allowing you to focus on your case and recovery without the added burden of money worries. Reach out to Fast Funds for a free consultation and find out how we can help ease your financial stress while you await your settlement.

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Pre Settlement Funding

How to Use a Settlement Cash Advance to Ease Financial Stress in the New Year