California Post-Settlement Legal Funding

Have you recently been injured or become ill due to the negligent or reckless actions of another? Are you dealing with a civil litigation dispute where you will be awarded a sizable summa for your damages and suffering? Are you having trouble making ends meet while you wait for your settlement to come in?

If so, you are not alone. Rockpoint Legal Funding offers California post-settlement legal funding to individuals who have settled their cases but have yet to receive the compensation they were awarded. Find out more about the types of California legal funding we offer when you contact our loan specialist to learn whether you qualify.

Post-Settlement Legal Funding Could Be the Answer You Have Been Looking For

Whether you were seriously injured in a car accident, fired after blowing the whistle, or otherwise needed to take legal action after enduring extreme losses caused by someone else’s neglect or wrongful acts, you may finally be seeing a light at the end of the tunnel. Now that you have finished negotiating with the insurance company or a verdict returned in your favor at trial, it should only be a matter of time before your personal injury settlement comes in. Unfortunately, this may be longer than you were anticipating.

While you wait for your payout, you will likely continue to struggle financially. Maybe you are totally disabled and unable to work or provide for yourself and your family, which ultimately makes it impossible for you to cover your regular monthly expenses. Perhaps you have gotten behind on your credit card debt, student loans, or were even dropped by your insurance providers.

There may be an alternative solution you have yet to consider. Post-settlement lawsuit loans give you a chance to get a cash advance on your anticipated settlement. This money could be the best way for you to get your expenses covered now so you do not need to continue to struggle to make ends meet.

Why a Bank Loan Is Not the Better Option

As you continue to look for solutions to your financial woes, you may be considering a home equity loan, personal loan, or line of credit. However, it is important to remember that these types of financial institutions often prey on applicants. One of the most common ways is by requiring applicants to have a specific credit score and implementing double or triple-digit interest rates as part of the loan agreement.

When you are facing financial ruin, you may find yourself willing to pay an excess of compound interest if it will help you stay afloat. The other problem with bank loans is the requirement that you start paying them back immediately after the loan has been disbursed. In most cases, these types of loans require you to start making payments within 30 days.

Post-settlement legal funding is much easier. You only pay back your cash advance once your settlement funds come in. This way, you do not need to worry about what will happen if your payout is delayed longer than you were expecting.

Find Out Whether You Meet Our Eligibility Requirements

There are very specific requirements you will need to meet if you are hoping to get approved for post-settlement legal funding. We do not require our applicants to have excellent credit. In fact, we do not run your credit score as part of our eligibility review process.

We understand you may be out of work, unable to cover your expenses, and your credit may have suffered as a result of these hardships. Therefore, your creditworthiness will have no impact on the status of your application. However, we do have specific requirements, including:

Age Criteria

All applicants must be at least 18 years old to be approved for a post-settlement lawsuit loan. If you are an adult who won a personal injury claim on behalf of your child, you may be able to apply for the post-settlement legal funding you need. However, minor children are not allowed to enter into legal contracts and, therefore, will not qualify for a lawsuit loan.

A Finalized Legal Claim

With post-settlement legal funding, your legal claim must be finalized. This means you must have finished negotiating with the insurance company or received a judgment in civil court. We will need to verify that your claim has been finalized and that you are just waiting for your settlement to be dispersed before we can approve your application.

Working with a Civil Attorney

You must have a legal advocate handling your case. Most lawyers handling civil claims work on contingency, so they will only get paid when they win your case. For this reason, we can only approve applicants who have retained legal representation throughout the claims process.

There Are No Restrictions on Your Post-Settlement Lawsuit Loan Spending

If you were to obtain a personal loan from a bank, credit union, or other financial institution, there may be limits on how you can spend your loan money. The financial institution can prevent you from making certain purchases or restrict how you spend your money. However, Rockpoint Legal Funding does not operate the way banks and other lenders do.

We are simply getting you a cash advance on your anticipated settlement. The money is already yours. You are taking out alone against the money that you won at trial or through negotiations with the insurance company.

This means you should be able to spend the money however you need to. Many of our lawsuit loan recipients spend their settlement funds on mortgage payments, outstanding rent, excessive medical debt, expenses related to childcare or tuition, and other necessary living costs. Then, once your settlement comes in, you can pay us back without having to worry about paying an excess of compound interest.

Connect with California’s Premier Post-Settlement Legal Funding Firm Today

Your insurance negotiations and personal injury or civil claim were only half the battle. Once your case is resolved, you may need to wait for the defendant to compensate you based on judgment against them. During this time, you may continue to struggle to cover your daily living costs and other necessary expenses.

With California post-settlement legal funding, you do not need to face financial ruin. When Rockpoint Legal Funding approves your application, you can access the cash advance you need in as little as 24 hours. Apply now, fill out our contact form, or call our loan specialists if you have questions or concerns about eligibility requirements, how much you could be authorized, or how non-recourse loans work.