Can You Borrow Money from Your Lawsuit?
If you filed a personal injury lawsuit against the person or group responsible for your injuries, it’s important to understand that it can take months—or longer—until you get access to your funds from a settlement. But what can you do if you need cash now?
Read on to discover how a pre-settlement loan can allow you to borrow money from your lawsuit.
How Borrowing Money from Your Lawsuit Works
If you have pending personal injury litigation but you need cash now, then a lawsuit loan can help. Lawsuit loans work as an advance on the expected amount of your eventual settlement—but instead of waiting for the settlement to be reached, the lender fronts you the money now, when you need it.
Once accepted, getting access to your money becomes a question of hours, instead of months or years. The money is yours to keep, meaning you can use it to pay for any of your regular expenses, such as:
- Home mortgage
- Apartment rental
- Medical bills
- Gas
- Groceries
- Cell phone and cable bills
- Much more
One distinct advantage of lawsuit loans is that they are considered non-recourse loans—meaning basically, if you fail to win your case or the amount of your settlement is lower than anticipated, you don’t have to worry about paying the lender back anything more than the money you received. The only collateral is your future settlement—meaning you can borrow with peace of mind.
Contact a Lawsuit Loan Company Now
When you have a pending lawsuit but need cash now, Money First Funding is here to help. Founded by a personal injury lawyer and former physician, Money First Funding seeks to serve as an advocate for the needs of personal injury victims everywhere.
We never charge for our case consultations—call us at 702-623-3333 or fill out the form below to get started now.
