Need financial assistance? Pre-settlement funding may ease your financial woes
Lawsuits are never a fast or easy process. Even with a strong case, a personal injury lawsuit can take months or years to settle. While you’re waiting for your case to settle, your bills keep pilling up and you’re struggling financially because your injuries prevent you from working. Luckily, there is still away for you to get some much-needed financial relief.
Pre-settlement funding, sometimes called a litigation advance, is a way for you to immediately access the cash you need from your future structured settlement payments. Similar to a loan, recipients are giving an advance on their future settlement so that they can pay bills and other expenses while they’re waiting for their lawsuit to settle.
Typically your lawyer will refer you to company like CBC Settlement Funding that specializes in providing pre-settlement funding as well as cash for future structured settlement payments. Once the application is approved, you may be eligible to receive a cash advance up to $30,000 against your future structured settlement payments.
Use your money to pay household bills, credit card balances and other expenses. For clients who are facing foreclosure, the advance can help them remain in their home.
Typically these loans are not used for legal expenses because their attorney is paid on a contingency basis.
There are two additional benefits of pre-settlement funding—no out of pocket expenses and no risk. Unlike a traditional loan that must be paid back, a lawsuit advance provider doesn’t get paid if there is no settlement. The provider assumes all the risk and only profits if and when your case is settled. The accumulated funding fees are paid from your settlement.
If you’re looking to a quick cash infusion while you’re awaiting your settlement, give CBC Settlement Funding a call. We can explain to you all your options and help you get the cash you need today.