How to Obtain Pre-Settlement Cash For an Injury Lawsuit
Pre-Settlement cash refers to monetary assistance provided by a funding company to assist a plaintiff in affording a proper legal defense and rid him/herself of the financial stress. This type of funding can be opted for by any person who is waiting for the judgment in any case, usually involving personal injury to the claimant due to the negligence of the defendant.
Have you ever been in a position where you were a victim of an automobile accident and had to suffer financial stress due to the on going legal proceedings? Then your worry ends here. If you didn’t already know, there are pre-settlement funding companies that offer you cash advance, while you are waiting for a judgment, in order to help you relax your financial scene. These companies usually require you to give them the details of the case that is on going and they will forward you the cash advance if they find your case eligible.
The pre-settlement funding has zero risk factor as far as the plaintiff is concerned. If the plaintiff wins the trial, only then is he/she required to pay back the amount given as pre-settlement funding by the funding company. If the claimant loses the lawsuit then there is no requirement on the part of the plaintiff to pay the pre-settlement back. This type of funding is usually more expensive than other traditional lending systems but it seems a better option to opt for due the zero risk involved.
Each person or plaintiff has a different reason why he/she needs the pre-settlement funding. For some, it may pay for the hours lost due to the happening, for others it might be an option where they are able to get some kind of settlement today for cases that might end up giving them no kind of settlement at all. Whatever the reason, pre-settlement funding is the by far the most sensible option to choose. Funding companies usually take less than a couple of days to review the details on the case and to forward you the cash advancement. It is not only simple, fast and yet cost-effective but also has no risks or hidden charges.
If you have a pending case and have been financial burdened by it, then definitely need assistance. If you are thinking whether to approach your insurance company or to take a loan, then stop that thought right now. The best option in the sell my insurance payment situation is to approach a funding company that that will buy insurance payments.