What Are The Pros & Cons Of Pre & Post-Settlement Loans

When it comes to pre-settlement and post-settlement lawsuit loans, there are so many things that are right and wrong for different people. There is never one definite answer because it depends on what works for each person. Having the option to apply for funding in the wake of something painful and in the middle of a legal battle is always a good thing though.
Thanks to some of the lowest rates in the industry, Rapid Lawsuit Funding stands out as one of the best options for a lawsuit funding.
However, there still are a few pros and cons of getting pre-settlement and post-settlement loans. We gathered some of them in this article to help you decide.


For people who might be having a hard time with their monthly bills during the lawsuit, taking a lawsuit loan is in your best interest. Below are the reasons when and why a lawsuit loan is a good choice.

Help in Hard Times

First and foremost, it’s important to think about whether a loan like this is something that you need from a financial standpoint. Some people are left unable to work or with mounting medical bills that they have to deal with in the wake of the incident that led them to file a lawsuit. In those cases, taking out a lawsuit loan will help cover living expenses, rent or mortgage, car payments, and any ensuing medical bills that arise. For applicants that are financially stable, able to continue working or have savings to rely on, a loan might not be necessary.
As much as it’s nice to have some extra money, if you don’t really need it to cover your legal fees and living expenses, it’s best if you don’t apply. However, even when you do, try to ask for a minimum amount you need so that you can easily repay it in the future (if you have to).

You Get to Negotiate Longer

Waiting for your settlement money to arrive can be strenuous for a number of reasons. First of all, your bills pile up as you wait for the expected money to cover all the expenses. As time goes by, you feel the pressure rising. Lawsuits tend to take a long time to settle so the uncertainty makes you even more nervous.
The mounting pressure and financial struggle mean that you are more likely to settle for whatever amount they offer you first. This isn’t a very smart move although we know plaintiffs only settle for these small sums because they need the money.
With a lawsuit loan, you can afford to negotiate further and wait for a better offer. This gives you more time to fight for the compensation you deserve. You’re actually buying time with a lawsuit loan and taking the financial pressure off. With your bills taken care of, you can let your lawyer fight for your case and win you fair compensation.
This also means you get to keep your dignity by not being forced to settle for whatever measly amount they offer you.

You Are Approved in Minutes

With many traditional lenders, it takes quite some time to find out whether you are approved for a loan or not which is stressful. This is precisely what makes Rapid Lawsuits so unique. We don’t let you wait for so long wondering whether you’ll be able to cover your bills or not.
In just a matter of minutes, you find out whether you qualify for a loan or not. On top of that, the funding itself is fast as well. Once we discuss the details of your case have them confirmed by your lawyer, you receive the money in as little as 24 hours. If you are applying for a lawsuit loan, chances are that time is of the essence, so being able to be approved and funded in a day is one of the best parts of the entire process.


Lawsuit loans might be helpful to most, but they aren’t for everyone. It’s very important to consider the ways they might put you at a disadvantage. This decision requires a lot of careful thinking We broke down a few reasons why you might not be the best candidate for a pre-settlement or post-settlement lawsuit loan.

Not All Cases Qualify

Not every kind of case is going to qualify for a lawsuit loan. Rapid Lawsuits covers a pretty wide variety of loans including personal injury, workplace disputes and labor lawsuits, product, medical device, drug malfunctions, and so much more.
During the application process, you will find out whether your case qualifies for a loan or not. The reason not all cases qualify is that the lender has to be sure that your case can be won. Or in case of a post-settlement loan, that your case is likely to be paid in full.
You might have to sift through a handful of lenders before you end up finding one that is willing to fund your case. It’s important to be realistic about the possibility of winning your case and whether it falls under the case categories listed on the website.
You should know if your case is not likely to be resolved in your favor. In that case, you might have to turn to traditional lenders for funding.

They Can Be Expensive

When it comes to some lenders, the interest rates can be so high that you end up paying a lot more than what you borrowed. As mentioned above, it is important to know how much money exactly you need so that you can afford to repay it over a certain period of time.
You never really know just how long the lawsuit might take, so don’t always assume that it will work itself out in a timely manner. That being said, Rapid Lawsuits’s interest fees are some of the lowest in the industry. But even so, you should be certain you can pay the money back before you sign anything. Avoid putting yourself in more debt than what you can pay.

Apply For Your Lawsuit Loan Today

Once you’ve decided that a lawsuit loan is a right move for you, your next step is to head to our website or call us to apply. The whole process is very simple and you will find out within minutes whether you are approved for a loan. Most other lenders will have you go through a longer and more tedious process to find out if you are eligible for a loan, and they can deny your application based on a number of reasons. With Rapid Lawsuits, you will at the very least find out as soon as you apply so that you have one less thing to worry about.
To see if you qualify for a lawsuit loan, apply online.