13 Aug


A pre-settlement funding or lawsuit cash advance occurs when plaintiffs are awarded money by a court order pending resolution of a case. Typically, the company advancing these monies will require additional information, such as medical records, legal documents from your lawyer concerning your particular case and any related documents from any other parties involved in the case. Most often, they will require you to sign a non-disclosure agreement so you cannot discuss the settlement with anyone else. As long as you are eligible for the monies, companies will advance the money without questions.


When the pre-settlement funding firm awards you monies in a lump sum, it often takes weeks or even months before you receive your check. This can be a great relief when you have been waiting for months to take your case to trial and to have it resolved. Unfortunately, there are instances when this process can take months or even years. For instance, many personal injury cases take months before the case goes to trial. If the opposing attorney does not agree to a plea bargain, then you could be stuck waiting months before your day in court comes.


Another reason you may be discouraged from taking your personal injury case to trial is that you may be responsible for attorney fees, expert fees and other expenses. In some instances, these costs can be removed if the case is settled quickly before they become due. If you find yourself in this situation, pre-settlement funding is a great option for you. Many of these firms advance the money you pay to your lawyer so you never have to repay the money.


Many attorneys offer pre-settlement funding as part of their routine case handling services. They do this because it is in their best interest to do so. If you file an injury lawsuit, they need to get paid and the longer it takes them to find and award a settlement, the more time they will have to charge you. So, by offering to pay their expenses and trial costs with the pre-settlement funding, they make money and you don't have to pay these extra bills. To get these experts, view here: https://usclaims.com/


When you are faced with mounting medical bills and you don't have any way of paying them, a pre-settlement funding company can step in and offer to take care of these expenses for you. If you have a good personal injury case, you probably already have an attorney. You should give your attorney a call and ask what pre-settlement funding companies are available in your area. Some attorneys even offer to pay all the necessary expenses so that you do not have to worry about anything at all.


Pre-settlement funding can be very beneficial to plaintiffs who would otherwise not be able to pursue a case to the end. For this reason, companies that provide this type of funding are actually quite competitive. Because there is such fierce competition among these funding companies, they are willing to provide low interest rates and other services to get your business. To learn more about finding the right funding company, contact an experienced personal injury attorney today. Check out this post that has expounded on the topic:  https://en.wikipedia.org/wiki/Settlement_(litigation)

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