Navigating a lawsuit can be financially overwhelming, particularly when injuries or damages caused by someone else’s negligence prevent you from working.
For plaintiffs in need of guaranteed pre-settlement funding, understanding the process and potential benefits is essential. This type of funding can provide critical financial relief during a challenging time.
Guaranteed Pre-settlement Funding (Video Guide)
When pursuing a legal claim for injuries, the financial burden can quickly escalate due to mounting medical bills and everyday expenses. This financial strain is why many individuals seek guaranteed pre-settlement funding to stay afloat while their case progresses.
In this article, our editorial team delves into the details of guaranteed pre-settlement funding, highlighting how it works, its benefits, and why it can be a lifeline for plaintiffs facing financial hardships during legal battles.
What Is Guaranteed Pre-settlement Funding?
Guaranteed pre-settlement funding is a non-recourse cash advance offered to plaintiffs involved in active legal claims. The funding amount is determined based on the estimated value of the pending lawsuit.
It provides plaintiffs with immediate financial relief, helping them cover essential expenses such as living costs, medical bills, and other urgent needs while awaiting the resolution of their case.
Unlike conventional loans, pre-settlement funding is non-recourse, meaning repayment is contingent on the outcome of the case. If the plaintiff loses, they owe nothing back to the pre-settlement funding company that gave them the advance.
Now that you understand the basics let’s explore how guaranteed pre-settlement funding works and whether it truly lives up to its name.
🟢 Apply Online for Pre-settlement Funding
Can Pre-settlement Funding Really Be Guaranteed?
Some companies claim to offer “guaranteed” pre-settlement funding, but what does this really mean? The approval for funding depends on several realistic factors:
- The Strength of the Case: A strong case with clear evidence and a high likelihood of a favorable settlement is more likely to be approved.
- Attorney Cooperation: The plaintiff’s attorney must be willing to work with the funding company and provide necessary case details.
- Likelihood of a Favorable Settlement: The potential settlement value plays a crucial role in the approval process.
“Guaranteed” often refers to risk-free lawsuit funding, where plaintiffs owe nothing if they lose their case, making it a safe financial option during legal proceedings. It should not be thought of as offering guaranteed approval upon application submission.
How to Qualify for Guaranteed Pre-Settlement Funding?
Qualifying for guaranteed pre-settlement funding involves a few straightforward steps:
- Work with an Attorney: Your case must be represented by a lawyer hired on a contingency fee basis payment plan.
- Case Review: Funders evaluate the validity and strength of your case as well as its potential settlement value.
- Approval Process: Approvals can be quick, sometimes within 24 hours.
Express Legal Funding offers a streamlined process to ensure you get the financial support you need promptly.
Benefits of Guaranteed Pre-Settlement Funding
- No-Risk Advantage: Only repay if you win your case.
- Quick Access to Funds: Receive cash within 24 hours of final approval.
- Financial Relief: Cover living expenses, medical bills, and other essentials.
- No Credit Check Required: Unlike traditional loans, approval is based on case strength.
- Maintaining Case Leverage: Plaintiffs can avoid settling prematurely due to financial strain, allowing their attorney to negotiate for a higher settlement.
However, while guaranteed pre-settlement funding is risk-free for plaintiffs, the funding amount typically represents a percentage (generally 10-20%) of the anticipated settlement. This may not cover all expenses.
Therefore, plaintiffs should carefully evaluate their financial needs and ensure that the approved amount will adequately address their immediate challenges.
Common Misconceptions About Guaranteed Pre-settlement Funding
- It’s a Loan: Pre-settlement funding is non-recourse, meaning repayment is contingent on winning the case.
- Everyone Qualifies: Approval depends on the strength of the case and potential settlement value.
- Hidden Fees or High Costs: Reputable companies like Express Legal Funding offer transparent pricing with no hidden fees and free delivery.
Why Choose Express Legal Funding for Guaranteed Pre-settlement Funding?
Express Legal Funding stands out as the leader in ethical pre-settlement funding for several reasons:
- Low and Affordable Rates: Competitive interest rates to ensure you get the most out of your settlement.
- Transparent Application and Approval Process: Clear and straightforward process with no hidden fees.
- Risk-Free Guarantee: Only repay if you win your case.
- Direct Funding with No Brokers Involved: Direct access to funds without intermediaries.
- Free Delivery: Pay no fees for the delivery of your funds for same-day ACH deposit to your account.
Real Customer Testimonial
Here’s what one of our clients had to say about their guaranteed pre-settlement funding experience with Express Legal Funding in their 5 star review:
“I’d like to give thanks and appreciation to Express Legal Funding and also to Melissa who went out of her way to make it easy and fast to make my needs get met.”
– Tracy T.
With Express Legal Funding, you can trust that you’re receiving ethical, fast, and reliable financial support when you need it most.
How to Apply for Guaranteed Pre-settlement Funding
Applying for guaranteed pre-settlement funding is simple:
- Fill Out an Application Online: Visit the Express Legal Funding website to complete the application.
- Call for a Consultation: Speak with a representative to discuss your case and funding options.
- Work with Your Attorney: Provide necessary case details to expedite the approval process.
- Receive Approval and Get Funding Quickly: Once approved, most clients receive their funds within 24 hours.
Guaranteed pre-settlement funding offers a no-risk financial solution for plaintiffs during their legal battles. It provides immediate financial relief, allowing you to focus on your case without the burden of financial stress.
Don’t let financial stress hold you back during your lawsuit—apply for guaranteed pre-settlement funding with Express Legal Funding today! For more information and to apply, complete the short application below:
Apply for Pre-settlement Funding Today
Visit the Express Legal Funding Blog for more information and resources about pre-settlement funding. Our team is dedicated to providing ethical and fast financial help to plaintiffs across the nation.
FAQs About Guaranteed Pre-settlement Funding
What Does “Guaranteed Pre-settlement Funding” Mean?
Guaranteed pre-settlement funding refers to no-risk financial support provided to plaintiffs during their lawsuits. If you lose your case in court, you don’t owe anything, making it a safe and secure option.
Is Pre-settlement Funding Guaranteed for Every Case?
No. Approval depends on the strength of the case and potential settlement value.
How Long Does It Take to Get Approved for a Guaranteed Lawsuit Cash Advance?
Approvals can be as quick as the same day. Clients who get referred by a lawyer with an ongoing relationship with Express Legal Funding often get approved within 2-3 hours.
Who Qualifies for Guaranteed Pre-settlement Funding?
To qualify for pre-settlement funding, you must have a pending lawsuit, be represented by an attorney, and have a strong case with a high likelihood of settlement.
Is Pre-settlement Funding a Loan?
No, pre-settlement funding is a non-recourse advance on a legal claim, not a traditional loan. Repayment is contingent on winning your case, so if you lose, you owe nothing.
What Can I Use the Funds For?
You can use pre-settlement funding to cover essential expenses such as rent, medical bills, utilities, groceries, and other living costs while your case is ongoing.
Does Guaranteed Pre-settlement Funding Affect My Lawsuit?
No, guaranteed pre-settlement funding is designed to provide plaintiffs with financial support without influencing the outcome of their case. The funding process works independently of the legal proceedings, ensuring your attorney can continue fighting for the best possible settlement or verdict.
What Happens If I Lose My Case?
With non-recourse lawsuit funding, you owe nothing if your case is unsuccessful, providing you with peace of mind during your legal battle.
Is There a Credit Check Required for Pre-settlement Funding?
No, your credit history and income are not factors in the approval process. Approval is based solely on the strength of your case.
How Much Funding Can I Receive on My Case?
The amount of funding you can receive depends on the potential settlement value of your case, typically ranging from $500 (for newer claims with minimal medical expenses) to more than $10,000 per advance for legal claims involving significant injuries and commercial insurance policies.
Are There Any Upfront Fees for Guaranteed Pre-settlement Funding?
Reputable and trustworthy pre-settlement companies like Express Legal Funding charge no upfront application fees, ensuring a transparent and straightforward pre-settlement advance process.
đź“– Read more about the process in our guide: Settlement Advance: Fast Cash Before Your Case Settles
How Do You Determine My Funding Amount?
The funding amount is determined by evaluating your case details, including liability and potential settlement value.
Can I Apply Without My Attorney’s Permission?
Yes, you can apply for pre-settlement funding without your attorney’s permission. However, attorney cooperation is essential to get approved as they provide the necessary case information for the funding evaluation and must sign their acknowledgment of your receiving funds against the potential financial recovery of your claim.
What Types of Cases Are Eligible for Guaranteed Pre-settlement Funding?
Common eligible cases include personal injury, car accidents, slip and fall, dog bite injuries, medical malpractice, employment discrimination, product liability, wrongful death, workplace discrimination, and injuries occurring on the job.
How Is Pre-settlement Funding Different From Lawsuit Loans?
Pre-settlement funding is non-recourse and risk-free, meaning you only repay if you win your case. In contrast, lawsuit loans may require repayment regardless of the case outcome.
Can I Get Funding If I’ve Already Received a Settlement Offer?
Yes. Having a settlement offer significantly increases your chances of approval. However, it is crucial to note that the offer can impact the funding process and the amount you are approved for. It’s best to discuss your specific situation with your attorney and the funding company to ensure you make the most informed decision.
How Do I Apply for Pre-settlement Funding?
Applying is simple. Fill out an application online or call us directly, work with your attorney to provide case details to the pre-settlement funding company to facilitate the underwriting process, and receive approval and funding quickly.
For more information and to apply, visit Express Legal Funding. Our team is dedicated to providing ethical and fast financial help to plaintiffs across the nation.
What Happens If I Receive More Than One Legal Funding Advance?
You may qualify for multiple non-recourse advances, provided your case’s estimated settlement value and your attorney’s approval support the additional funding.
These advances are structured to ensure that when your case is resolved, all amounts owed to the pre-settlement funding company are consolidated into a single lump-sum repayment.
However, it’s essential to understand that you can typically receive pre-settlement funding from only one company at a time. Pre-settlement funding companies generally require that their funding be repaid before another advance from a different company is issued.
This ensures that only one funding company holds a lien on your potential settlement at any given time, simplifying the repayment process and avoiding complications.
Is Guaranteed Pre-settlement Funding Available Nationwide?
Yes, Express Legal Funding and its partners provide funding services across the United States.
Can I Pay Off My Advance Early?
Yes, many funding companies, including Express Legal Funding, allow for early repayment with no penalties.
