Pre Settlement Funding - The most difficult portion of this is the waiting for the settlement to finally be awarded

This is not just an advance on an upcoming award or for those already back to work and simply waiting for the court to reach a decision. A Pre Settlement Loans agreement of this type is generally geared more towards those who due to the severity of their injuries, may be a long time returning to work or possibly never. For those in the first category, all other avenues should be explored to maintain the household finances.

Lawsuits are probably the least fun thing anyone can go through that has been injured in an accident or due to negligence. For the most part, they are the only way to regain money lost from time off work and if the accident is severe enough, to assist with being unemployed for a very long time or even permanently. The financial stress placed on a family during this time can be overwhelming, thus needing

 

When all other options have been exhausted and the need for help arises, then a lawsuit settlement funding company should be contacted. Research should be done to find a reputable company with a solid background and a satisfied customer base. They will offer reasonable rates and fees to an individual that already has the court date set and just needs a little help making it to that time.

The funding companies use a base advance amount of 10% of the expected award from the court. This amount can be a great help during these times to pay bills and feed the family. The paperwork is processed quickly and if all is in order, a check is normally cut within 24 hours.

Pre Settlement Funding.

The most difficult portion of this is the waiting for the settlement to finally be awarded. This can take more time than the family has finances to handle. It is at this time a Pre Settlement Loans company may want to be consulted in order to make it through this most difficult of times and help to avoid the necessity of filing for bankruptcy.

If for any reason, the case does not go as expected and is lost in court, there will be no payback of the advance required by the funding company. They base their willingness and the amount of the loan on the estimation of the success of the case in court. This means no matter what the advance was, a loss in court means nothing is owed.

This loan is unlike any other available from another institution. There is no monthly payment to be concerned with. The repayment is completed once the award amount has been reached and the amount of the advance along with any fees goes to the funding company then the balance of the award is turned over to the injured individual.

Lawsuit settlement funding is a very viable option for those that have been injured in an accident and awaiting a settlement for an extended period of time. This can take care of bills that may otherwise go unpaid causing credit issues and loss of property. While this option is available, it should still be treated as a last resort and used only when there are no other financial avenues to be taken.

Those who have been injured in an accident or any other incident may want to look into Personal Injury Settlements. This type of pre Settlement Funding advance is only for those who have no other monetary options to fall back on, but can be a life saver if needed.