Pre Settlement Loans Overview

Filing a lawsuit can be an expensive process. Between hiring a lawyer, and fighting a personal injury case in court, victims can be left fronting quite a bit of cash resulting in a significant amount of legal debt.

Fortunately, a pre-settlement loan is an effective way to receive the funds you’ll need to fight for your case in court. With a pre-settlement loan you can afford the expert legal help you need to earn the personal injury settlement you deserve.

At Provident Legal Funding we can help you receive the funds required to put up a fair fight for your case. We pride ourselves on focusing on each case individually and ensuring that they have all the attention they need. If other legal funding firms have rejected you, don’t worry, we can still help. Call our firm today, and we can answer any questions you may have, and walk you through the process of earning proper legal funding.

The Truth About Pre-Settlement Funding

While the term ‘loan,’ is in the name, pre-settlement loans are not loans at all. They are better characterized as a lawsuit cash advance. In contrast to a loan, legal funding is only paid back by your attorney if your claim is successful. If your claim is unsuccessful, neither your nor your lawyer owes the funding company anything.

Court cases often take a long time to reach a settlement payout, and as a result, plaintiffs can usually are left exposed to financial stressors such as mortgage and rent payments, medical bills, and other living expenses. These legal cash advances can help ease the substantial burden of everyday expenses.

The Benefits of Personal Injury Lawsuit Loans

There are many benefits to lawsuit loans. Unlike settlement loans structured settlements, pre-settlement funding doesn’t require you to have reached a full settlement to your case.

The biggest benefit of funding before your case settles is that it can help you to hold out for a higher settlement. Knowing that a plaintiff might be injured and out of work, defendant insurance companies often try to force plaintiffs to settle early for a lower amount.

If you’re injured and out of work, legal funding from Provident can help you buy time for your attorney to settle for a higher amount, or even go to trial for a jury verdict.

Almost all lawsuit cash advances are risk-free, meaning you only repay if your claim is successful. In this way, you’re basically getting rid of a portion of the risk of your lawsuit in exchange for cash upfront. Of course, the pre-settlement funding company is compensated for taking on this risk.

How Much Do I Qualify For?

Many who are searching for pre-settlement funding are curious about how much funding they can qualify for. Approval amount varies based on many factors

Qualification for funding review is initially based on the following factors:

  • The plaintiff and the injured party must be 18 years or older
  • Employ an attorney on a contingency basis
  • Injury claim against an insurance company

One of the most influential factors in determining whether or not you are approved for funding is liability. If the defendant is clearly liable for your injuries, you are more likely to be approved for funding.

How much funding you qualify for will also vary based on the specific damages. For instance, if you suffered serious injury and have extensive damages, you will more than likely be approved for more funding.

At Provident Legal Funding we provide monetary advances for a wide variety of personal injury cases including things like:

What Provident Legal Funding Can Do For You

If you are in need of funding to continue your lawsuit? Provident is here for you. The best way to determine whether or not you qualify is to either apply online or give our associates a call at (800) 908-6860 for a free consultation.

After you apply, we will work directly with your attorney to review your case. In many cases, we can get plaintiffs funding within 24-hours via direct deposit, overnight check, Money Gram, or Western Union.

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