How does pre-settlement funding work?

When you apply for pre-settlement funding, the funding company evaluates your case by looking at the strength of your lawsuit, potential settlement value, and expected timeline. Unlike traditional loans, pre-settlement funding is secured by the value of your case, not by your credit score or assets. The process involves working with the funding company and your attorney to determine how much you qualify for based on the likely outcome of your case.

What types of cases are eligible for pre-settlement funding?

Pre-settlement funding is most commonly used for personal injury lawsuits including car accidents, medical malpractice, slip-and-fall accidents, and other injury claims. It may also be available for workers' compensation cases, employment disputes, or wrongful death claims. Generally, any lawsuit likely to result in a financial settlement or award could potentially qualify for pre-settlement funding.

What are the benefits of pre-settlement funding?

Pre-settlement funding provides immediate access to cash to cover living expenses and medical bills rather than waiting months or years for case resolution. It helps you avoid settling your case for less than it's worth by removing financial pressure to accept low settlement offers. The funding is non-recourse, so you don't have to worry about repaying it if you lose your case, giving you peace of mind to continue fighting for fair compensation.

What are the risks of pre-settlement funding?

The most notable risk is cost. Pre-settlement funding is typically more expensive than traditional loans because it's a high-risk investment for the funding company. Interest rates and fees can accumulate quickly, especially if your case takes longer to settle than expected. Additionally, if your case ends in a smaller settlement than anticipated, the amount you owe may exceed what you receive from the settlement.

What happens if I lose my case with pre-settlement funding?

Since pre-settlement funding is non-recourse, you don't have to repay it if you lose your case. The repayment is tied to the success of your case, so if your case is unsuccessful, you owe nothing to the funding company.

Is pre-settlement funding right for me?

If you are struggling to make ends meet while waiting for your case to be resolved, pre-settlement funding can provide financial relief and give you breathing room to continue pursuing your case without feeling pressured to accept an early or low settlement. However, carefully weigh the costs and risks before moving forward. If your case is expected to take a long time to settle, the cost of funding may outweigh the benefits. Discuss your options with your attorney and consider all financial resources before making a decision.

Understanding Pre-Settlement Funding What You Need to Know

When you find yourself in the midst of a legal battle, it’s only natural to feel overwhelmed. The process can be confusing, lengthy, and emotionally draining. You might be dealing with medical bills, lost wages, and the stress of not knowing when you’ll see any relief. It’s during these challenging times that pre-settlement funding can offer a lifeline. If you are looking for help with your case, it’s important to understand what pre-settlement funding is, how it works, and whether it could be the right option for you. At Fast Funds, we are here to guide you through every step, offering both legal and financial support to ensure you get the best possible outcome.

What Is Pre-Settlement Funding

Pre-settlement funding, also known as lawsuit loans, provides financial assistance to individuals involved in personal injury cases or other lawsuits before their case reaches a settlement or verdict. It’s not a loan in the traditional sense because, unlike a regular loan, you don’t need to repay it if you lose your case. Pre-settlement funding is a non-recourse advance based on the anticipated outcome of your lawsuit. This means that the repayment is tied to the success of your case. If your case is successful and you receive a settlement or award, the funding is repaid from the proceeds.

Many individuals facing legal battles have to wait months or even years for their case to go to trial or be settled. During this time, the financial strain can become unbearable. Pre-settlement funding offers a way to bridge that gap, providing the funds you need to cover essential expenses, like medical bills, rent, or living costs, without having to settle your case for less than it’s worth just to get by.

How Pre-Settlement Funding Works

When you apply for pre-settlement funding, the funding company will evaluate your case. They will look at the strength of your lawsuit, the potential settlement value, and the timeline for when the case is expected to resolve. Unlike a traditional loan, pre-settlement funding is secured by the value of your case, not by your credit score or assets. The process typically involves working with the funding company and your attorney to determine how much you can qualify for, based on the likely outcome of your case.

- 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.

Once the funding is approved, you’ll receive a lump sum that can be used for anything you need. As your case progresses, the funding company will work with your attorney to stay informed about the status of the case and to ensure that you receive the proper amount of funding at the right time.

Types of Cases Eligible for Pre-Settlement Funding

Pre-settlement funding can be used in a variety of cases, but it’s most commonly associated with personal injury lawsuits. These can include car accidents, medical malpractice, slip-and-fall accidents, and other types of injury claims. If your case involves a lawsuit where you are seeking compensation for injuries or damages, pre-settlement funding may be an option to consider.

In addition to personal injury cases, pre-settlement funding may also be available for cases involving workers’ compensation, employment disputes, or wrongful death claims. Each funding company has specific criteria for what types of cases are eligible, but in general, any lawsuit that is likely to result in a financial settlement or award could potentially qualify for pre-settlement funding.

The Benefits of Pre-Settlement Funding

Pre-settlement funding offers numerous benefits to plaintiffs who are in the midst of a lengthy and uncertain legal process. One of the most significant benefits is the immediate access to cash that it provides. Rather than waiting for months or years for your case to be resolved, you can get the funds you need now to cover your living expenses or medical bills.

Another benefit of pre-settlement funding is that it can help you avoid settling your case for less than it’s worth. Many people who are facing financial difficulties during their lawsuit feel pressured to accept a low settlement offer, even if it’s not the best outcome. With pre-settlement funding, you can continue to pursue a fair settlement or award without being forced into a hasty decision.

Pre-settlement funding also offers peace of mind. Knowing that you have the financial support you need during your case can reduce stress and help you focus on your recovery or on preparing your case. Since pre-settlement funding is non-recourse, you don’t have to worry about paying it back if you lose your case, giving you the confidence to continue fighting for the justice you deserve.

The Risks of Pre-Settlement Funding

While pre-settlement funding can be a valuable resource, it’s important to understand that there are some risks involved. The most notable risk is the cost. Pre-settlement funding is typically more expensive than traditional loans because it’s a high-risk investment for the funding company. Interest rates and fees can accumulate quickly, and if your case takes longer to settle than expected, the total cost of the funding can become significant.

Additionally, because the repayment of pre-settlement funding is tied to the outcome of your case, there is always the risk that the settlement may not be as large as anticipated. If your case ends in a smaller settlement or verdict than expected, the amount you owe to the funding company may exceed what you receive from the settlement, leaving you with less money than you had hoped for.

It’s crucial to carefully consider the terms and conditions of any pre-settlement funding agreement before accepting an offer. Be sure to ask questions about fees, interest rates, and the repayment structure to ensure you fully understand the costs and risks associated with the funding.

How to Qualify for Pre-Settlement Funding

Qualifying for pre-settlement funding is typically straightforward. The most important factor is the strength of your case. Funding companies will assess whether your case is likely to result in a settlement or award and how long it will take for your case to be resolved. While pre-settlement funding is not based on your credit score, some companies may require you to have an attorney representing you in your case.

Your attorney’s role in the process is crucial. They will need to work with the funding company to provide documentation and information about your case, including the likelihood of a successful outcome. This collaboration ensures that the funding company can accurately assess your case and determine how much funding you qualify for.

If your case is eligible for pre-settlement funding, the process is typically quick and efficient. Many funding companies can approve and release funds within a few days, allowing you to access the financial support you need without delay.

Is Pre-Settlement Funding Right for You

Deciding whether pre-settlement funding is right for you depends on your unique circumstances. If you are struggling to make ends meet while waiting for your case to be resolved, pre-settlement funding can provide the financial relief you need. It can also give you the breathing room to continue pursuing your case without feeling pressured to accept an early or low settlement.

However, it’s essential to carefully weigh the costs and risks before moving forward. If your case is expected to take a long time to settle, the cost of the funding may outweigh the benefits. Be sure to discuss your options with your attorney and consider all of your financial resources before making a decision.

Fast Funds Can Help You Get the Financial Support You Need

At Fast Funds, we understand the stress and financial burden that comes with being involved in a legal case. That’s why we are committed to providing pre-settlement funding that can help you get through the tough times without compromising your case. Our team is here to help you navigate the process, answer your questions, and ensure that you have the financial resources you need to move forward.

If you are considering pre-settlement funding or need assistance with your case, reach out to us today. We offer free consultations to discuss your options and help you make an informed decision. At Fast Funds, we are dedicated to helping you achieve a successful outcome in your case while providing the support you need during this challenging time.

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Pre Settlement Funding