Settlement Funding: Accessing Funds Before Your Case Concludes

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.

After filing an accident lawsuit, the average plaintiff waits a full year to reach a settlement with the defendant in their case. Are you stuck waiting for an accident settlement and growing more impatient by the day? Plaintiff legal funding services like Rockpoint Legal Funding can help you score the pre-settlement funding you need now.

Not familiar with settlement funding and interested in finding out more about the financial relief it can provide during an accident case? Discover more about how it works so you aren’t left waiting for a settlement check for months or even years on end.

What Is Settlement Funding?

Settlement funding is reserved for those currently going through the legal process during personal injury cases. It enables plaintiffs to receive an advance percentage of the anticipated settlement in their cases so they don’t have to wait to access it. Otherwise, they might find themselves in limbo indefinitely with no financial assurance.

In exchange for this advance, a plaintiff agrees to provide a percentage of their actual settlement to the lender that provided it to them. One of the most important advantages of funding available through a lender like Rockpoint Legal Funding is that it is non-recourse. This means that if a plaintiff isn’t ultimately successful in collecting a settlement in a personal injury case, they won’t have to pay back the money they received.

How Does Settlement Funding Work?

It might seem as though acquiring settlement funding would present challenges. But when you do it through Rockpoint Legal Funding, it’s a very quick and easy process that can immediately put cash into your pockets.

You can apply for this funding online in just minutes to see whether you qualify. Follow these steps to see whether you’re eligible for the funding you need:

1. Fill out an application online and provide personal information (name, address, contact info, etc.) and information related to your personal injury case (amount of funding needed, name of lawyer, etc.).
2. Give Rockpoint Legal Funding time to review your application and the circumstances surrounding your case.
3. Accept your funding within just two hours in some cases.

There is no need to provide a lender with a copy of your credit report when filling out an application. You also won’t need to be concerned about providing references when applying.

From there, you won’t have to worry about repaying this kind of funding. You’ll only need to arrange for your lender to receive an agreed-upon percentage of the settlement you collect in your case.

What Are the Benefits of Settlement Funding?

Applying for settlement funding when pursuing a personal injury case can benefit you in many ways. See just a few of the benefits of applying for this funding as you work your way through the legal proceedings:

• Covers any costs you might face following an accident, such as medical expenses, property damage repair bills, lost wages, and more
• Gives your personal injury lawyer more time to negotiate harder with the defendant in your case
• Allows you to cover your monthly expenses while waiting for the outcome of your case
• Reduces the stress so often associated with taking legal action in a personal injury case

You’ll also appreciate that you won’t find a big bill waiting for you at the end of your personal injury case if you end up collecting a settlement. Instead, you’ll provide a lender with the amount you agreed to give them and keep the remainder of your settlement for yourself.

What Can You Use Settlement Funding For?

The beauty of settlement funding is that there aren’t many restrictions regarding what you can spend it on. You’re welcome to use this funding to cover any costs you want, even if they aren’t directly related to your accident case.

Many people who apply for this type of funding choose to utilize it to pay for medical treatments and rehabilitation services and to foot the bill for any income they might lose while on leave from work with injuries. But you can also opt to use this funding to pay for:

• A much-needed family vacation in the aftermath of a devasting accident
• Holiday gifts for your kids and other people
• Unexpected expenses like a car repair bill or a plumbing emergency in your home

Essentially, you can use this funding just like a personal injury case settlement. It has very few restrictions.

Who Should You Trust for Settlement Funding?

These days, many lenders provide settlement funding for those involved in personal injury cases. Steer clear of simply selecting the first one you can find. As tempting as this might be, this is not a decision you want to take lightly, especially with all the scammers out there.

Pick a reputable lender like Rockpoint Legal Funding, which has a well-earned reputation for providing fast payments to those who qualify. We focus on extending pre- and post-settlement funding to our clients rather than offering them structured settlements.

Let Us Help You Access Funds Before the Conclusion of a Personal Injury Case

Are you struggling to keep your finances stable while waiting for a personal injury case to end? Rockpoint Legal Funding can set you up with the pre-settlement financial assistance you need to eliminate stress during your legal proceedings. We welcome you to fill out an application today to see whether you qualify to receive settlement funding in advance.

Touch base with us at (855) 542-8992 to hear more about your options.