Welcome to Express Legal Funding’s FAQ Page
Here, we’ve gathered the most common questions to help you understand pre-settlement funding and how it can support you while your case is pending. Whether you’re looking for financial assistance to cover living expenses, medical bills, or other costs, our goal is to provide clarity on our services, processes, and the unique advantages we offer.
Browse through our frequently asked questions below, and feel free to reach out if you need personalized support or have additional questions.
General Questions
What is pre-settlement funding?
Pre-settlement funding, also known as legal financing, is a cash advance provided to plaintiffs involved in a lawsuit before their case is settled. It helps cover living expenses and other costs during the litigation process.
How does pre-settlement funding work?
Pre-settlement funding provides a cash advance based on the expected settlement of your lawsuit. The funding company evaluates your case and offers an advance, which you repay from the settlement amount once your case is resolved.
Do I need a credit check to qualify for pre-settlement funding?
No, pre-settlement funding does not require a credit check. Approval is based on the merits of your case, not your credit score.
What types of cases qualify for pre-settlement funding?
Various types of cases qualify for pre-settlement funding, including personal injury, medical malpractice, wrongful death, product liability, sexual assault, and more.
Is pre-settlement funding a loan?
No, pre-settlement funding is not a loan. It is a non-recourse cash advance, meaning you only repay the advance if you win your case. If you lose, you owe nothing.
Specific Case Types
Can I get funding for a personal injury case?
Yes, personal injury cases, including car accidents, 18-wheeler accidents, dog bites, and more, are eligible for pre-settlement funding.
Is medical malpractice covered under pre-settlement funding?
Yes, medical malpractice cases are eligible for pre-settlement funding.
Can I receive funding for a class action lawsuit?
Yes, class action lawsuits are eligible for pre-settlement funding.
Are there specific states where pre-settlement funding is available?
Pre-settlement funding is available in most states, including Texas, Florida, Georgia, Alabama, Arizona, Louisiana, Michigan, Mississippi, Missouri, New Mexico, Oklahoma, Pennsylvania, and Virginia.
Financial and Legal Aspects
What is the interest rate for pre-settlement funding?
The interest rate for pre-settlement funding may vary based on the specifics of your case. It is important to discuss the terms with the funding company to understand the rates and fees involved.
How is the funding amount determined?
The funding amount you can be approved for is determined based on the expected settlement value of your case. The funding company evaluates the strength of your case and offers an advance accordingly.
What happens if I lose my case?
If you lose your case, you owe nothing. Pre-settlement funding is non-recourse, meaning repayment is only required if you recover money from your claim.
How quickly can I receive the funds?
Once approved, you can receive the funds quickly, usually within 24 hours. The funds can be disbursed via direct deposit or other methods, such as a check.
Can I use the funds for any purpose?
Yes, you can use the funds for any purpose, including living expenses, medical bills, and other costs while your case is ongoing (except for paying for the cost to pursue the legal claim itself).
About Express Legal Funding
Who is Express Legal Funding?
Express Legal Funding is a top-rated pre-settlement funding company based in Plano, Texas. Founded in 2015, the company provides financial assistance to individuals awaiting the resolution of their injury and accident legal claims.
What makes Express Legal Funding different from other funding companies?
Express Legal Funding is known for its ethical and fast financial help. The company uses its own capital to provide funding instead of relying on a line of credit from institutional lenders, ensuring more flexible, transparent, and fair terms for its clients. They do not require credit checks, and approval is based on the merits of the case. The company is also known for its quick approval times and the speed of its underwriters.
How can I apply for pre-settlement funding with Express Legal Funding?
You can apply for pre-settlement funding online 24/7 through their website or by calling their toll-free number at (888) 232-9223. The application process is secure and straightforward.
What types of cases does Express Legal Funding handle?
Express Legal Funding provides funding for various types of personal injury and civil lawsuit cases, including car accidents, medical malpractice, wrongful death, sexual assault, and more.
Where is Express Legal Funding located?
Express Legal Funding is headquartered at 5717 Legacy Drive, Suite 250, Plano, Texas 75024.
How can I contact Express Legal Funding?
You can contact Express Legal Funding by phone at (888) 232-9223, by fax at (956) 707-0522, or by email at [email protected].