The Benefits of Pre-Settlement Cash for Plaintiffs

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.

The plaintiffs in personal injury lawsuits can sometimes work out settlements with defendants within just months. However, it can also take years for them to collect compensation connected to their cases. The pre-settlement funding for plaintiffs offered by Rockpoint Legal Funding helps bridge the gap while they wait for settlements to arrive.

Check out the benefits of pre-settlement cash for plaintiffs below and consider all the advantages you’ll enjoy by applying for a lawsuit cash advance.

Provides Funding for Monthly Expenses

Being involved in a personal injury lawsuit can affect your ability to keep up with your monthly expenses. This is especially true for those who have been in accidents that now prevent them from working and earning a regular income.

If you’re struggling to make ends meet while working through the steps involved in a personal injury lawsuit, pre-settlement cash from Rockpoint Legal Funding can help. You can use it to gain financial relief in your life by paying for:

• Mortgage or rent
• Car insurance
• Groceries
• Fuel
• Electricity
• Cell phone
• And so much more

The average monthly expenses for an American household recently topped $6,000. With the right litigation financing, you can ensure you’re able to cover these kinds of expenses while still focusing on your personal injury case and aiming for a favorable outcome.

Takes Care of Medical Costs

If you’ve filed a personal injury lawsuit, there’s a good chance you’re dealing with at least a few injuries stemming from an accident and the medical costs that so often come with them. Studies have shown that the average American household with medical debt has more than $18,000 of it — and it isn’t out of the ordinary for car accident victims and those hurt in other types of accidents to have even more medical debt than that.

The pre-settlement cash for plaintiffs available through Rockpoint Legal Funding can reduce and possibly even eliminate medical debt altogether. This lawsuit cash advance can also enable you to sign up for the rehabilitation services you need to make a complete recovery from accident injuries.

Covers Legal Expenditures

Generally speaking, those who file personal injury lawsuits won’t have to pay their lawyers upfront for their services. The majority of personal injury lawyers charge clients a contingency fee instead of charging them by the hour or asking them to establish a retainer. A contingency fee calls for the plaintiff in a personal injury case to provide their lawyer with a percentage of the compensation they ultimately collect through a settlement or judgment.

If your personal injury case takes a long time to play out in court, you may encounter legal expenditures throughout your lawsuit, such as court fees and witness expenses. You may also spend your fair share of money traveling to and from your lawyer’s office and the courtroom where your personal injury legal proceedings are held.

Pre-settlement cash for plaintiffs from Rockpoint Legal Funding can help cover all these different expenses related to your case. It can deliver the case expense coverage you need and help you avoid going into debt while seeing your case through to the end.

Strengthens Settlement Negotiations

If the defendant in your personal injury case senses you’re in a huge hurry to settle a case because of the expenses you’re facing, this could put them in a position of power. They’ll have all the settlement leverage and can use it against you in an attempt to convince you to accept a lowball offer.

Stop them from gaining this leverage on you by exploring the idea of applying for pre-settlement cash for plaintiffs. Once approved for a lawsuit cash advance through a company like Rockpoint Legal Funding, you can provide your personal injury lawyer with a leg up on their legal competition at the negotiation table. They can drive a much harder bargain and show that you’re serious about not settling for anything less than what you think is acceptable and fair.

Builds a Brighter Financial Future

Some people assume they’ll need to pay back a lawsuit cash advance after landing one through Rockpoint Legal Funding. However, the company’s pre-settlement cash is considered non-recourse funding for plaintiffs. In other words, if you don’t collect compensation in your personal injury case, you aren’t required to pay back the money.

Rockpoint Legal Funding essentially buys a portion of your future settlement when they approve you for a lawsuit cash advance and deposit money into your bank account. So, the company will collect its share of said settlement when it’s awarded to you or collect nothing if you don’t win your case.

Because you are under no obligation to repay pre-settlement cash for plaintiffs, you incur no risk when applying for it. This can make your financial future much brighter regardless of the outcome of your personal injury case, leaving you with more mental energy to focus on recovery and getting your life back on track.

Embrace the Benefits of Pre-Settlement Cash for Plaintiffs With Help From Rockpoint Legal Funding

Now that you have a better understanding of how legal funding works, fill out an application through Rockpoint Legal Funding today and have a lawsuit cash advance sent your way within a matter of hours in some cases. This pre-settlement cash for plaintiffs can change the trajectory of your personal injury case and potentially even positively impact its outcome. Contact us for more information on our lawsuit cash advances and learn whether one is right for you.