You suffered an injury and are now working with a lawyer to fight for compensation. Your attorney says you have a strong case, but it’s hard to tell when you may expect a settlement. In the meantime, you’re dealing with medical bills, mortgage payments, living costs, taxes, and other expenses.
If your bills are mounting and your case’s timeframe seems uncertain, pre-settlement funding could help you stay afloat. Learn how this type of financing works and how to apply for litigation funding.
What Is Pre-Settlement Lawsuit Funding?
A pre-settlement legal loan is a type of non-recourse financing available to plaintiffs with pending claims or lawsuits. It works as a cash advance against the estimated future settlement. We buy a portion of your expected compensation, and you gain early access to funds, repaying us only when your case settles.
What’s the Difference Between Legal Funding and a Conventional Loan?
Approval for a standard loan depends on your credit score and often on other conditions, like collateral and proof of employment. You must repay the loan within the agreed-upon term, or you could face harsh penalties.
In contrast, eligibility for a pre-settlement loan depends only on the strength of your case and our evaluation of your potential settlement. We don’t run credit checks or require collateral. Moreover, if your claim falls through, you don’t need to repay us.
Who Is Eligible for Lawsuit Loans?
To qualify for pre-settlement funding, you must have a solid case with fair odds of reaching a settlement or winning an award. The amount of funding you may claim depends on your case’s value.
We review each case individually and approve or deny funding applications based on supporting documents like accident reports, medical records, and professional statements. We’ll also likely talk to your lawyer for a clear picture of the case.
Why Would You Consider a Personal Injury Settlement Loan?
When starting an insurance claim or a lawsuit, it’s hard to predict how long your case will take to settle. If the other side disputes your claim, personal injury cases may resolve within several months or drag on for years. Cases that escalate into lawsuits and end in a trial take even longer.
In the meantime, you must still pay your mortgage, taxes, and utility bills, buy groceries, and fix your car. If you suffered an injury, you may be left with hefty medical costs while you’re unable to work. Your expenses continue to add up at an alarming rate, while your expected settlement is still far off. Pre-settlement funding can give you the cash you need to survive while your case progresses.
Is a Pre-Settlement Loan the Right Option for You?
When applying for pre-settlement funding, you should consider several issues and consult your lawyer. For instance, how long does your attorney estimate it will take to resolve your case? How much funding would you need to maintain financial stability?
If you face a long legal process and don’t have a lot of financial reserves, a lawsuit loan could be a viable option.
How Pre-Settlement Funding Can Help You Make Better Decisions
A pre-settlement loan removes the pressure of settling a case fast, which insurance companies often try to exploit. When you need cash, and your savings are dwindling, you may consider accepting any settlement, even if it’s far lower than the reasonable estimate of your losses.
With readily available legal funding, making the right strategic decisions about your case is easier, like going to court if the other side fails to make a reasonable offer. You shouldn’t have to settle for too little because you need money for urgent expenses.
Why Choose Rockpoint Legal Funding for Pre-Settlement Loans?
What makes Rockpoint Legal Funding a superior option for plaintiffs who need lawsuit loans? We offer:
- Direct funding. We’re a self-funding service, not a loan broker. This allows us to offer our clients more competitive loan terms and better privacy protection.
- Transparent loans. Your attorney will review our funding offer to ensure the repayment terms and conditions suit you.
- Capped fees. What if your case drags on longer than expected? Not to worry; our capped fees protect you from accruing costs.
- Fast service. We understand you need available cash and will do all we can to process your application quickly.
- Non-recourse loans. You only repay us if and when you win.
How Do You Apply for a Pre-Settlement Loan With Rockpoint Legal Funding?
Applying for a pre-settlement loan with Rockpoint Legal Funding is quick and easy. All you need to do is:
- Complete our brief initial application. You provide your basic details and state the amount of funding you need.
- Wait while we process your case. We evaluate your case to estimate whether we can approve you for a settlement advance and determine the funding we can provide.
- Accept a funding offer. Once we approve your application, we provide a detailed loan agreement with repayment conditions and associated fees.
After you accept the pre-settlement loan agreement, you can expect to receive the funds on the same day or within 24 hours. You can use the money for your medical costs, living expenses, home or car repairs, and anything else you might need while waiting for your settlement. Once your case resolves, you repay us.
What If You Lose the Case?
Even if your claim seems strong, legal processes aren’t always predictable. We understand there’s always a small chance you might lose the case. We’re taking this risk on your behalf so you can apply for legal funding with full peace of mind. If your case falls through, you owe us nothing.
Contact Rockpoint Legal Funding to Learn More About Our Pre-Settlement Loans
Are you struggling with ongoing expenses while your claim or lawsuit remains unresolved? Contact us at Rockpoint Legal Funding to learn about our fast, secure pre-settlement loan options for plaintiffs. Access the funds you need now and repay us when your case settles. It’s simple and risk-free.
Call (855) 591-2489 or complete our online form to apply for pre-settlement funding today.
