Top Reasons Plaintiffs Seek Same-Day 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.

It might take months and sometimes even years for personal injury plaintiffs to collect compensation at the conclusion of their cases. Thankfully, they can apply for same-day pre-settlement loans to avoid waiting long to secure the necessary funds.

Many people benefit from receiving pre-settlement loans on the same day they apply for them. These loans deliver financial relief for plaintiffs and, in some instances, their families.

Would you like to apply for a lawsuit cash advance through a lender like Rockpoint Legal Funding? If so, start by finding out about the different reasons why those going through personal injury cases seek same-day legal funding in the first place.

Here are a handful of them.

Pay Off Medical Bills

Personal injury plaintiffs often sue defendants following car accidents, slip-and-fall accidents, and other types of accidents. They do this, in large part, to eliminate the medical bills that typically accompany these accidents. These bills can cost people tens and sometimes even hundreds of thousands of dollars.

If bill collectors are beginning to hound you because you haven’t been able to pay off medical bills related to an accident, same-day pre-settlement funding will help. You may apply for this legal funding and use the funds you receive to make medical expenses disappear.

You can also utilize pre-settlement funding for future medical care and rehabilitation services moving forward.

Account for Lost Wages

Some people are unable to work following accidents. They are forced to give up their steady paychecks, and disability and/or unemployment checks don’t always cover the wages they lose.

Same-day pre-settlement funding will also come in handy in these personal injury cases. It will compensate for lost wages and allow you to continue leading a somewhat normal life despite your out-of-the-ordinary circumstances.

As long as you qualify to receive pre-settlement loans on the same day, you can have them deposited into your bank account within just 24 hours. You won’t have to worry about missing paychecks anymore.

Keep Current With Mortgage or Rent Payments

A single car accident can leave a person without a roof over their head. It could prevent them from earning an honest living and make paying their mortgage or rent impossible.

If you’re currently at risk of losing your home or being evicted from a rental property, same-day pre-settlement funding will provide emergency financial support. It will keep a roof over your head even as you watch your personal injury case play out in court in the coming months.

Cover Other Monthly Bills

The U.S. Bureau of Labor Statistics reports that the average American spends almost $6,500 monthly on everyday expenses. This includes paying for everything from groceries and utilities to eating out at restaurants and the occasional shopping spree.

While working through a personal injury case, you may want to cut back on any financial extras to save money. However, you also have the option to continue living the lifestyle you’re used to living by qualifying to receive pre-settlement loans on the same day you apply for them.

Either way, you’ll appreciate knowing Rockpoint Legal Funding is ready to help maintain your finances.

Plan Vacations, Parties, and More

When you think about same-day pre-settlement funding, you might automatically assume that you will only qualify for a lawsuit cash advance if you really need it. However, a lender like Rockpoint won’t require you to reveal how you plan to spend the money you receive.

Some people will, therefore, use pre-settlement funding to plan vacations and birthday parties or pay for things like Christmas presents for their kids. There is virtually no limit on what you can spend a lawsuit loan on.

You should, of course, weigh the lawsuit loans pros and cons to see whether it makes sense to apply for one to cover the cost of, say, a family vacation next summer. At the same time, you should also know that pre-settlement funding is a form of non-recourse funding.

You will only be asked to repay a legal cash advance if you earn a settlement or judgment in your personal injury case. There’s no need to be concerned about potentially going into debt with a loan like this.

Provide Peace of Mind

Going through a personal injury lawsuit is extremely stressful. Even if you have what seems like a strong case, there is always a chance the legal process will play out differently than you had hoped.

Knowing they can receive pre-settlement loans on the same day is enough to put many people’s minds at ease. You may be pleasantly surprised to see how much less stressed you are while navigating the personal injury process after receiving a lawsuit loan.

This is another reason to consider applying for pre-settlement funding through a reputable lender like Rockpoint.

Receive Pre-Settlement Loans on the Same Day You Apply for Them Through Rockpoint Legal Funding

Now that you know about the many reasons why personal injury plaintiffs apply for same-day pre-settlement funding, would you like to take out a lawsuit loan? Rockpoint Legal Funding is here to help by making the application process quick and easy.

Let us help you start enjoying the many pre-settlement funding benefits in no time. We can also approve pre-settlement loans on the same day people apply for them and deposit cash directly into their accounts.

Give us a call at (855) 626-3214 today to discover more about how lawsuit loans could be the saving grace you’ve been looking for during a stressful personal injury case.