Ease Your Financial Worries With Pre-Emptive Personal Injury Claim Pre-Settlement Funding

Disclaimer: Consumer legal fundings and advances are not loans under applicable financing laws. Rockpoint’s products are non-recourse, meaning if you don’t win your case, you don’t have to pay us back. Receiving financial support in connection with a legal case is typically (and oftentimes incorrectly) referred to as a “lawsuit loan” or “loan.” Therefore, for the ease of search references, these terms may be used in this context to refer to our funding products, but we maintain our separateness from consumer loan products in all legal aspects.

You initiated a personal injury lawsuit in the hopes that you would recover a sizable financial sum. But since then, all you’ve encountered is more and more expenses.

Your attorney seems optimistic that you will win an impressive settlement at the end of your case — but when will that end come? If you’re struggling financially as you await your settlement, consider personal injury pre-settlement funding to bridge the gap.

What Is Pre-Settlement Funding for Personal Injury Claims?

Pre-settlement funding is a type of cash advance on your eventual personal injury settlement. This form of funding is available both to plaintiffs and their attorneys.

It works like this:

1. You apply for funding through a company such as Rockpoint Legal Funding.
2. The lender reviews the details of your case to determine your likelihood of winning.
3. If the lender feels confident you will win your case, they will offer an advance on a portion of your eventual settlement.
4. If you win your case, you will owe back that same amount out of your settlement, plus fees.
5. If you lose your case, you will owe nothing back.

How Is Pre-Settlement Funding Different From Alternative Financing Options?

If you’re short on cash while you wait for your settlement, you may be exploring all of your options for funding. Personal injury pre-settlement funding is different from traditional loans and cash advances in the following ways:

• No credit score requirements: Your eligibility for pre-settlement funding doesn’t depend on your credit score or other prequalification criteria. It depends solely on the strength of your personal injury case.
• No interest rates: You won’t owe interest on your pre-settlement funding. Instead, the lender will charge a small fee, which they will take out of your eventual settlement.
• No monthly loan terms: You don’t need to pay back the cash advance over time through monthly installments. Instead, you’ll repay it as a lump sum when you receive your settlement.
• No recourse: You aren’t responsible for repaying your advance if you lose your case. The lender assumes the risk, not you.

What Can Pre-Settlement Funding Help You Cover?

Securing pre-settlement funding can help ease your financial worries as you endure a lengthy personal injury case and await a settlement. Funding companies typically have no restrictions on how you can use your cash advance funds. You can use your funds to pay for any of the following or anything else you need, such as:

• Legal fees: Legal fees can add up during a prolonged personal injury case. Even if your attorney only charges on a contingency basis, you may need to pay court fees, filing fees, and other associated costs as part of your civil lawsuit. Your personal injury pre-settlement funding can help you cover these fees as they arise.
• Medical bills: If you’re pursuing compensation after an accident, your injuries are probably serious. You shouldn’t have to pay medical bills out of pocket when someone else was at fault, but collections officers may have started tracking you down while you wait for your settlement.
• Repair costs: If your accident involved physical damage to a car or another possession, you’ll probably want to start the repair process soon. Your pre-settlement funding can cover repair costs, allowing you to begin the repairs now rather than waiting for your case to settle.
• Time off work: Whether your injuries have impacted your ability to work or not, you shouldn’t need to adjust your work schedule around court dates or settlement meetings. Personal injury pre-settlement funding can provide a financial cushion to take time off work while you recover and focus on your case. Your eventual settlement should account for loss of income and loss of ability to work.
• Housing and utilities: Rent/mortgage payments and utility bills don’t stop just because you suffered an accident. While your lender and utility companies may agree to a one-time payment deferment, after that, they’ll start charging interest and late fees when you miss payments.
• Everyday expenses: Even while recovering from an accident, you still need everyday necessities like groceries, household items, gas, and pet supplies. You can put your personal injury pre-settlement funding toward these expenses and gain peace of mind that you won’t need to sacrifice any must-haves during your lawsuit.
• Vacations: The last few months have likely been incredibly stressful for you and your family. Perhaps you want to use your pre-settlement funding to simply get away for a few days between court dates and meetings. You and your loved ones can take a vacation without worrying about how you will afford it or whether you have enough in the bank account to cover it.

Whether you have mounting expenses that you need cash to pay down sooner rather than later or seek respite from the emotional burdens a personal injury case has put you through, pre-settlement funding opens the doors to give you more freedom during a difficult time. While you can’t necessarily put a price tag on peace of mind, it’s nice to know you can regain some control over your life.

Apply for Pre-Settlement Funding Today With Rockpoint Legal Funding

Are you ready to apply for personal injury pre-settlement funding? Rockpoint Legal Funding makes the process simple. Fill out the form on our website to get started; if approved, you can have the funds in your account within a matter of days.

Apply now to learn whether you are eligible for pre-settlement funding. We will get back to you shortly.