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.
Did you recently agree to settle a lawsuit so that you could avoid going to court and collect compensation quicker than usual? Then it might surprise you to hear that seeing this compensation land in your bank account can take up to six weeks and sometimes even longer. Rockpoint Legal Funding provides post-settlement loans for plaintiffs to prevent you from having to wait so long to start putting the settlement from a lawsuit to good use.
Rockpoint also provides pre-settlement funding for those still actively involved in lawsuits that have yet to play out. This type of settlement advance can help you cover litigation costs and deliver financial relief in other areas of your life as well. Plus, it’s considered non-recourse financing, so you’ll only need to repay the cash advance you receive if your lawsuit leads to you receiving compensation.
In this guide, you will discover more about the legal funding options that Rockpoint can provide below and see how they could help you create a more secure financial future.
What Are Pre-Settlement Funding and Post-Settlement Funding?
Pre-settlement funding and post-settlement funding are the two types of lawsuit loans available through Rockpoint Legal Funding. They can both come in handy when you’re in the process of taking legal action against a defendant in the aftermath of an accident. However, there are a few key differences between the two options.
Pre-settlement funding is a type of lawsuit cash advance you can apply for when you’re still in the middle of litigation. It’s designed to provide financial assistance to those who can’t afford to wait until a lawsuit ends to collect compensation. You’re welcome to apply for pre-settlement loans at any time before or during your legal proceedings.
Post-settlement funding, meanwhile, is a type of lawsuit cash advance that you can apply for after a lawsuit is over and you’ve learned how much compensation you stand to collect from the defendant in your case. It’s designed to help those who need financial relief between the time when they work out a settlement and the time when they actually receive it.
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What Are the Benefits of Applying for Legal Funding?
Applying for legal funding in the form of a pre-settlement loan or a post-settlement loan can benefit you in many ways during litigation. Many plaintiffs have turned to companies like Rockpoint for financial assistance to take full advantage of these benefits.
Pre-settlement funding can enable you to move forward with a lawsuit without worrying about the financial troubles that could come your way during it. Some lawsuits take years to come to an end, and a pre-settlement loan can provide the money you’ll need to stay out of debt throughout your legal proceedings.
You can use pre-settlement funding to pay legal fees. You can also utilize it to cover other costs, such as:
- Mortgage or rent
- Car and other insurance payments
- Everyday expenses (food, gas, electricity, etc.)
Post-settlement funding, on the other hand, can put you in a position to cover any costs that might come up between the end of your lawsuit and your collecting compensation that stems from it. You can use a post-settlement loan to pay for:
- Outstanding medical bills
- Emergency auto repairs
- Other unexpected expenses (HVAC system replacement, roof repair, etc.)
You might not have the financial means to cover these costs without applying for legal funding through a company like Rockpoint. It can deliver the peace of mind you need during a difficult time and increase the chances of enjoying a much brighter financial future without adding any debt to your name.
How Do You Apply for Legal Funding?
During lawsuit litigation, the last thing you want to do is constantly be concerned about how you’ll pay your mortgage or take care of the medical bills that debt collectors keep calling you about every day. Rockpoint makes it easy to apply for the legal funding you’ll need to make your financial issues disappear.
Simply take these steps to stop today’s financial problems from impacting your finances tomorrow:
- Click “Apply Now” to find the pre- or post-settlement funding application.
- Provide Rockpoint with basic personal and financial information and submit your application.
- Let a trusted representative from Rockpoint perform a case evaluation and approve or deny your request for legal funding.
- If your application is approved, receive a pre- or post-settlement loan within a day or two.
- Use your pre-settlement funding or post-settlement funding on almost anything you would like.
Even when plaintiffs aren’t 100% sure what to expect from accident claim settlements, they should consider applying for legal funding to make things easier for them financially in the interim. Since our legal funding is non-recourse, you aren’t required to repay the money you receive unless your lawsuit is successful and leads to you collecting compensation.
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Learn More About Applying for Pre-Settlement and Post-Settlement Loans Through Rockpoint
You don’t have to let lawsuit litigation wreak havoc on your financial future and rob you of the opportunity to reach your life goals. By applying for legal funding, you can keep your future financial plans intact by having the money you need immediately deposited directly into your bank account.
Fill out an application through Rockpoint Legal Funding today to begin the process of qualifying for a pre-settlement or post-settlement loan. Contact us if you have any questions or want to learn more about the connection between litigation funding and debt and regain control of your finances.
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Presettlement Legal Funding.
