Pre-Settlement Funding in Missouri: A Complete Guide
If you’re involved in a lawsuit in Missouri and need financial assistance while your case is pending, pre-settlement funding may be the solution. This guide will give you everything you need to know about applying for pre-settlement funding in Missouri.
What is Pre-Settlement Funding?
Pre-settlement funding, often called consumer legal funding or a lawsuit cash advance, offers plaintiffs fast cash in return for a portion of their anticipated settlement. In Missouri, this funding is non-recourse and not classified as a loan, meaning you only repay the advance if you win or settle your case.
Why Consider Pre-Settlement Funding in Missouri?
Missouri sees a high volume of personal injury and medical malpractice cases, which can take months or even years to settle. During this time, plaintiffs can face financial stress. Pre-settlement funding can help with living expenses, medical bills, and other essential costs while you await your settlement.
How Does Pre-Settlement Funding Work?
- Application: Start by applying online or reaching out to a funding provider directly. For instance, Express Legal Funding offers a quick and easy online application available around the clock.
- Case Review: After you apply, the funding provider will review your case by working with your attorney. They’ll assess the strength of your case to determine the amount you’re eligible to receive.
- Approval and Funding: If approved, you could receive your funds within 24 hours. The funding amount varies based on your case, typically ranging from $500 to $500,000.
- Repayment: Repayment is only required if you win or settle your case. Repayment includes the initial amount plus any agreed-upon fees or interest.
Benefits of Pre-Settlement Funding
- Immediate Financial Relief: Access cash quickly to cover urgent expenses.
- Non-Recourse: Repayment is only required if you win your case, reducing financial risk.
- No Credit Check: Approval is based solely on your case’s strength, not your credit history.
- No Monthly Payments: Repayment comes from your settlement, so there are no monthly obligations.
Who Can Apply for Pre-Settlement Funding?
To qualify for pre-settlement funding in Missouri, you must:
- Have a valid claim or pending lawsuit.
- Be represented by an attorney working on contingency.
- Show a strong likelihood of winning or settling your case.
Types of Cases Eligible for Pre-Settlement Funding
Pre-settlement funding is available for a variety of cases, including:
- Personal Injury
- Medical Malpractice
- Motor Vehicle Accidents
- Product Liability
- Wrongful Death
- Workers’ Compensation (provided as a pre-settlement loan)
- Employment Discrimination
How to Apply for Pre-Settlement Funding for Your Case in Missouri
Applying is straightforward. Start by visiting the Express Legal Funding website and filling out the application form, or call them at (888) 232-9223 for more information.
Final Thoughts on Pre-Settlement Funding in Missouri
Pre-settlement funding can provide essential financial support as you wait for your case to conclude. By understanding the process and qualifications, you can make an informed decision that best supports your needs. If you’re in Missouri and need pre-settlement funding, consider reaching out to a reputable provider like Express Legal Funding to begin your application.
Ready to Apply?
Get fast financial relief with a risk-free pre-settlement cash advance on your legal claim in Missouri today.