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.
Not everyone involved in a legal dispute knows that pre-settlement lawsuit funding exists. However, given that about 95% of lawsuits end with pre-trial settlements and that many plaintiffs can’t afford to wait for trials to begin, having cash in hand helps provide a sense of security.
If you’ve filed a case following a car accident, a slip-and-fall accident, or another type of accident, don’t agree to settle it for less than it’s worth. Instead, take advantage of a lawsuit cash advance. A pre-settlement advance can provide the financial relief you need to proceed with a pending lawsuit.
What Is a Lawsuit Cash Advance?
A lawsuit cash advance is often referred to as a lawsuit loan, a pre-settlement advance, or legal funding. It’s a cash advance that plaintiffs can apply for when they’re in the middle of legal proceedings during a lawsuit.
Unlike traditional loans, those who take out lawsuit loans won’t repay them by making monthly payments. They also won’t be subjected to high interest rates that jack up their costs.
Plaintiffs will repay a cash advance by agreeing to provide a lender with a percentage of the settlement or judgment they receive at the end of their lawsuit instead. This gives them a quick and easy way to procure an advance on their anticipated compensation. It also helps them avoid having to agree to a lowball settlement offer to gain financial relief.
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How Does a Lawsuit Loan Work?
If you want to apply for a lawsuit cash advance, do so through a reputable lender like Rockpoint Legal Funding. You can apply for a lawsuit loan in minutes by filling out an online application.
When you do this, Rockpoint will ask you to provide:
- Your name
- Contact information, including a phone number and email address
- The legal funding you wish to request
- Your attorney’s name
From there, Rockpoint will review your application to see whether you qualify for a lawsuit loan. If you do, you may receive a pre-settlement advance in as little as two hours.
Who Can Qualify for a Pre-Settlement Advance?
Many plaintiffs involved in personal injury cases can qualify for cash advances. As long as you’re currently involved in a lawsuit, you’re eligible to apply for legal funding through Rockpoint.
Even if you’re unsure whether you qualify for a lawsuit loan, fill out an application anyway. There is no credit check involved, and you won’t have to put forth much effort to determine your eligibility for a cash advance. Rockpoint will respond quickly after you complete an application to give you a yes or no.
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What Can You Use a Cash Advance for During a Lawsuit?
If you’re approved for a lawsuit cash advance, you’ll typically receive cash within just a few days at most. You can use this pre-settlement advance on whatever you would like.
If you’ve racked up court fees, a lawsuit loan can help you pay them off. You can also take legal funding and use it to cover the costs associated with:
- Medical bills
- Rehabilitation services
- Lost income
Some plaintiffs even use cash advances to pay for everyday expenses while settlement negotiations and personal injury trials are ongoing. You’ll feel a wave of financial relief come over you, knowing your finances won’t present problems during a lawsuit.
Even if you don’t end up applying for a lawsuit loan, simply knowing it’s an option can provide peace of mind and reduce stress while legal proceedings play out. You’ll appreciate knowing you can apply for legal funding fast through a lender like Rockpoint.
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Who Should You Trust To Provide Legal Funding?
Millions of lawsuits are filed throughout the U.S. each year. Because of this, you’ll find plenty of lenders that can provide cash advances to plaintiffs during lawsuits.
However, picking the first one you can find and applying for a loan is never a good idea. A better option is to select a trustworthy lender with a wealth of experience and positive reviews to extend a pre-settlement advance.
Rockpoint Legal Funding shines in this area. For almost a decade, Rockpoint has offered pre- and post-settlement funding to people from all across the country. Whether you’re taking legal action in California, Florida, or one of the many states in between, you can rely on Rockpoint to deliver the funding you need in a timely fashion.
Rockpoint has also earned a reputation for being one of the few lenders to offer non-recourse funding to legal plaintiffs. This means you won’t need to worry about repaying Rockpoint unless you’re successful in your legal battle and receive a settlement or judgment.
Otherwise, you aren’t required to repay Rockpoint the lawsuit cash advance they sent your way. This minimizes the risk you’ll assume when applying for legal funding in the first place.
Could You Benefit From a Lawsuit Cash Advance? Apply for One Now
A lawsuit cash advance can help you steer clear of settling a lawsuit for less than you should. It can also provide much-needed financial relief when dealing with monetary issues during legal proceedings.
Rockpoint Legal Funding makes it simple to apply for a lawsuit loan online. We can also answer any questions you might have about our cash advances, including telling you whether or not getting multiple pre-settlement advances is possible.
Touch base with us at (855) 542-8992 today to talk to a Rockpoint representative about how you can use a cash advance during a lawsuit and take the first step toward financial confidence during this stressful time.
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Presettlement Legal Funding.
