Pre-Settlement Funding in Florida: A Comprehensive Guide
If you are involved in a lawsuit in Florida and need financial assistance while waiting for your case to settle, pre-settlement funding might be the solution you are looking for. This guide will provide you with all the information you need to understand and apply for pre-settlement funding in Florida.
What is Pre-Settlement Funding?
Pre-settlement funding, also known as consumer legal funding or a lawsuit cash advance, is a financial service that provides plaintiffs with immediate cash in exchange for a portion of their potential settlement. This type of funding is non-recourse and not a loan in Florida, meaning you don’t have to repay the advance if you lose your case.
Why Consider Pre-Settlement Funding in Florida?
Florida is known for its high number of car accident injuries and medical malpractice cases. These cases can take months or even years to settle, leaving plaintiffs in financial distress. Pre-settlement funding can help cover living expenses, medical bills, and other costs while you wait for your case to resolve.
How Does Pre-Settlement Funding Work?
- Application: The first step is to apply for pre-settlement funding. You can do this online or by contacting a funding company directly. For example, Express Legal Funding makes it easy to apply online 24/7.
- Case Review: Once you apply, the funding company will review your case by speaking with your attorney. They will assess the strength and value of your case to determine the amount of funding you can receive.
- Approval and Funding: If approved, you can receive the funds within 24 hours. The amount you receive will depend on the specifics of your case, but it can range from $500 to $500,000.
- Repayment: You only have to pay for the advance if you win your case. The repayment amount will include the principal plus any agreed-upon fees or interest.
Benefits of Pre-Settlement Funding
- Immediate Financial Relief: Get access to cash quickly to cover essential expenses.
- Non-Recourse: The funds only have to be repaid if you win or settle your case, reducing financial risk.
- No Credit Check: Approval is based on the merits of your case, not your credit score.
- No Monthly Payments: Repayment is made from your settlement proceeds, so there are no monthly payments to worry about along the way.
Who Can Apply for Pre-Settlement Funding?
To qualify for pre-settlement funding in Florida, you must:
- Have a claim or pending lawsuit.
- Be represented by an attorney on a contingency fee basis.
- Have a strong case with a high likelihood of settlement or winning at trial.
Types of Cases Eligible for Pre-Settlement Funding
Pre-settlement funding is available for various types of cases, including:
- Personal Injury
- Medical Malpractice
- Motor Vehicle Accidents
- Product Liability
- Wrongful Death
- Employment Discrimination
How to Apply for Pre-Settlement Funding in Florida
Applying for pre-settlement funding is straightforward. You can start the process by visiting the Express Legal Funding website and filling out the application form. You can also contact them directly at (888) 232-9223 for more information.
In Conclusion About Pre-settlement Funding Options in Florida
Pre-settlement funding can provide much-needed financial relief while you wait for your lawsuit to settle. By understanding how it works and how to apply for it, you can make an informed decision and get the support you need during this challenging time. If you are in Florida and need pre-settlement funding, consider reaching out to a reputable funding company like Express Legal Funding to get started.
Ready to Apply?
Secure financial relief with a risk-free pre-settlement cash advance on your legal claim in Florida today with Express Legal Funding.