The easiest route to get your settlement money early goes by many names: lawsuit loans, lawsuit cash advances, pre-settlement funding, and litigation financing, among many others. A legal funding company extends you a cash advance against your anticipated settlement, and in return you repay the principal plus interest and an origination fee.
Full Answer
How can I get money against my lawsuit settlement?
This no-risk loans on your lawsuit settlement settlement can help you stay afloat financially and empower you to hold out for the best possible lawsuit settlement amount. Getting money against your lawsuit settlement is easy. There is no credit check, no out of pocket costs, no employment requirements, no up front fees, and no monthly payments!
Can I get a lawsuit loan to get settlement money early?
At Ally Lawsuit Loans, we offer injured victims an opportunity to get settlement money early without compromising their pending case. This option is typically referred to as a lawsuit loan, although it’s not a conventional loan. You don’t need perfect credit, steady employment history, or any type of collateral.
How much lawsuit money can I borrow against my case?
The amount of lawsuit money you can borrow against your lawsuit is determined by the strength of your case, your injuries, and the medical treatment you have received. The lawsuit settlement money we provide to plaintiffs is an advance on their expected lawsuit settlement.
Can I get no-risk loans on my lawsuit settlement?
This no-risk loans on your lawsuit settlement settlement can help you stay afloat financially and empower you to hold out for the best possible lawsuit settlement amount. Getting money against your lawsuit settlement is easy.
The Negotiation
First, understand that there’s a significant back and forth that happens with most cases. You and your lawyer will be negotiating with the defendant, their lawyers, and their insurance company. It sometimes takes weeks, or longer, to reach an agreement that everyone is satisfied with. This part of the process is unpredictable.
From Settlement to Receipt
After you finalize a settlement, you’ll still have to wait to receive your settlement money (for reasons we’ll get into momentarily). Depending on a handful of variables, it will likely take around 6 weeks to receive your settlement money.
The Process
You’ve already settled on a specific amount, so why does it take so long to receive your money?
Variables to Consider
We can estimate the length of time to get your settlement based on an average, but every case is different. You may be waiting far longer or far shorter than someone else, depending on the following variables:
Recourse for Lengthy Settlements
If you’re struggling to deal with your financial situation and you’re waiting on settlement money, you do have a few options available to you. For example:
Pre-Settlement Lawsuit Funding for Cases Near Chicago, IL and Nationwide
It can take months, sometimes even years, for a personal injury case to settle. When an injury is serious, these months may also come with diminished income, increased medical expenses, and the financial strains that can accompany these things.
How Pre-Settlement Funding Works
At Legal Capital Corp, we follow a very basic process for pre-settlement funding:
How long does it take to get money from a lawsuit?
The transaction to borrowing money against your lawsuit can be done within 24 hours. The actual time will depend on how fast your law firm sends us the necessary information. We suggest that you call your law firm to give them permission and authorization to discuss your case with us and provide us with the requested records.
What can you use the money for in a lawsuit?
The majority of personal injury accident victims have used the money to pay their rent, child care expenses, car payment, ordinary living expenses, mortgage, and medical bills.
How is the amount of lawsuit money determined?
The amount of lawsuit money you can borrow against your lawsuit is determined by the strength of your case, your injuries, and the medical treatment you have received. The lawsuit settlement money we provide to plaintiffs is an advance on their expected lawsuit settlement.
What does advance against lawsuit mean?
The advance against your lawsuit can help you avoid eviction, repossession, debt collection calls, foreclosure, and even bankruptcy proceedings. In addition, the money from your lawsuit can also empower you to hold out for a larger accident settlement!
What happens if you don't collect money from a lawsuit?
If you do not collect any money for your case, you can keep the personal injury loans and owe nothing! Don't let financial pressures force you to settle your case early for a low settlement amount or end up in financial disaster. You can use the money for your lawsuit for any thing you need.
Is it safe to borrow money against a lawsuit?
Money for Lawsuit. Another benefit of borrowing money against your lawsuit is the lawsuit settlement money is no-risk to you because you pay back the advance when you win or settle your lawsuit or the case is paid. If you do not collect any money for your case, you can keep the personal injury loans and owe nothing!
Does Nirvana have lawsuit funding?
Nirvana Lawsuit Funding knows what your are going through and we can help you Today with our borrowing money against a lawsuit funding program.