How Exactly Does A Pre-Settlement Lawsuit Loan Work?

Lawsuits can be some of the most stressful things to deal with, no matter who you are. From the stress of the accident or occurrence itself to the long process of finding ways to be properly compensated for your time, it can be time-consuming and overall a hassle to have to wade through. One of the most aggravating aspects can certainly be the process of waiting for your settlement money. You might know you have a solid case, but the time it takes to reach a settlement may end up being weeks, months and in some cases, years. If your lawsuit involves a personal injury that requires medical attention or for you to take time off work, it’s easy for the bills to start piling up and making the situation feel even more dire. Thankfully, there is an option available that many people are unaware of in the form of lawsuit loans or post-settlement funding. Depending on what your lawsuit details are and how much money you need, they all work different for different people, but the main goal is the same: to ensure that you have the funds you need to recover and fight your case comfortably. It’s a new process to many, but it doesn’t have to be a complicated one.


The first and most obvious step in this whole process is that you need to apply for the loan. Unlike a traditional loan, there is no credit score required in order to apply. The “risk” involved in this case has much more to do with your case and the probability of you winning than your credit score or credit history. For many people, their lives may have been destroyed by whatever it is they are filing the lawsuit for, and sometimes that includes their credit in the process as well. It’s apparent to us that using this as a metric of approval is not always a fair one, which is why we know how important it is to consider other options. When applying, it is as simple as applying online. From there, you will be asked a number of personal details as well as details that pertain to your case. Like any lawsuit or legal action, it is always in your best interest to retain and record as much information and as many details as you possibly can to make this part of the process that much easier. While your lawsuit will depend on a number of factors and precedents to ensure a win, having all of the possible information on hand is always a great idea to improve your chances of success.

Find Out The Result In Minutes

The best part of being able to apply online is that you will find out the result in just a few minutes from the time you apply. Simply enter in not only your personal details but also details about the lawsuit and incident itself. Often times, it is better to have notes on hand and have them in a place for safekeeping so that you’re always able to share the details of your issue without any other problems. One of the best things about being able to find out the result right away is that you don’t have to sit and worry about whether or not you’re going to get it. In many of these cases, time is of the essence. You might have to take time off of work or pay medical bills, so knowing whether or not you will receive money will always be a great thing. Be sure to enter all of the information correctly so that you are able to get the right answer the first time. More than anything else, the goal is to make sure that you will be able to be supported during the lawsuit process so that you have one less thing that you have to worry about.

Discuss Your Claim With An Attorney

The next step to getting your pre-settlement funding is talking about your claim with an attorney on our team. As mentioned above, it will be imperative that you have and know all of the details of your case so that you can have them on hand when you need them most. The amount of funding that you will be able to get will all come down to the probability of your case being won and how much you will likely win in the suit. This discussion will be imperative to understanding what you stand to gain from the lawsuit, and how soon you might be able to repay the loan. Our attorneys have all of the information and precedents here to figure out just how successful you might be in the pursuit of justice. Whether it’s a car accident or an incident that occurred while you were at the workplace, the attorneys have the right tools to help you determine just how much you are entitled to. This will, of course, determine the amount of money you will be able to borrow with this loan. If nothing else, you will always have the option to back out after this point, but the attorneys will do their best to reach a positive outcome for you.

If Approved, Get Your Money Within 24 Hours

While getting approved is the best part, the funding aspect of your pre settlement funding matters as well. The main purpose of you seeking this loan will likely be the time sensitivity of your expenses, be they medical or otherwise, which is why the funding is able to happen so quickly. Once our attorneys are able to determine that you will more than likely win your case, and how much you are likely to win, your loan will be funded in one day’s time. This will give you plenty of wiggle room in order to pay the expenses that you are looking to pay. The best part of it is that you will also be able to dictate how you want the money to be funded. You will be able to provide a variety of payment options and go from there so that you will be able to access the money in a way that works best for you. For some, receiving a check is not the most convenient option there is, so direct transfers are also available in order to fund your loan. The goal is efficiency and speed, which is what we strive for in terms of making sure the funds are sent within a fast time frame.

What Happens If I Win My Case?

In the event that you win your case, which is the best case scenario, you will be able to repay the loan at that time. Of course, if you borrowed less than you end up winning in the suit, then you will be able to keep the difference for yourself. The best part of this loan is that they are lent with a low rate guaranteed. This means that your repayment amount will not be exorbitantly higher than the principal amount. Expect much lower interest rates than you would find with other lenders of more traditional loans. Whether you end up with a little more or just the right amount in your settlement as what you borrowed, you will generally have a much easier time paying it back thanks to the lower interest rate!

What Happens If I Lose My Case?

Like with anything, it’s obviously important to consider what might happen if everything does not go the way you had planned. While you will have a pretty good idea from the attorney discussions about whether or not you will likely win your case, there are always situations where things don’t always go according to plan. In the event that you lose your case entirely, you will not be expected to pay back anything. The terms of the pre settlement loan will stipulate that in the event that you do not win your case, you will not be expected to pay anything, which is always a good thing.

Find out More Information Now

Despite being something that so many people know so little about, having this as an option is always a great thing to keep in mind. You might only need help for a few weeks or a few months, but in any event no matter the kind of accident, having any kind of help will always make the entire process that much easier to cope with.
To find out today if you are qualified for a pre settlement loan, apply online.