Is Pre-Settlement Funding a Good Idea?
When you’re involved in a personal injury lawsuit, the last thing you want to worry about is money. You’re already dealing with medical bills, time off work, and the stress of a lawsuit. That’s why pre-settlement funding can be such a good idea. This type of funding can help you pay your bills and focus on getting your case settled. So, is pre-settlement funding a good idea for personal injury cases? What are the pros and cons of pre-settlement funding so that you can make an informed decision about whether this type of funding is right for you?
Money First Lending is a pre-settlement funding company that can help you get the money you need to pay your bills and focus on your case. Give us a call today to learn more about how we can help you. We’re here to answer any questions you have and help you get the funding you need.
The Pros of Pre-Settlement Funding
Pre-settlement funding can be a great way to get the money you need to pay your bills and focus on your case. Here are some of the pros of this type of funding:
- You don’t have to wait for your case to settle to get paid.
- Funding is not credit based, but is based on the strength of your case.
- You can use the money for anything you need.
- There’s no risk to you. If you lose your case, you don’t have to repay the funding.
- You can get funding quickly.
The Cons of Pre-Settlement Funding
Pre-settlement funding isn’t right for everyone. Here are some of the cons of this type of funding:
- You may have to pay fees and interest on the funding.
- The funding may not cover all of your expenses.
- You may have to wait awhile to get the funding.
How Pre-Settlement Funding Works
If you’re considering pre-settlement funding, you probably have some questions about how it works. Here’s a quick overview:
- You apply for funding.
- We review your case and make a decision.
- If we approve your application, we’ll send you the money.
- You repay the funding when you settle your case.
Are Pre-Settlement Loans a Good Idea?
If you’re considering a pre-settlement loan, there are a few things you should keep in mind. First, these loans typically have higher interest rates than standard loans. That means you could end up paying back more than you borrowed if your settlement doesn’t come through for some time. Second, pre-settlement loans are often structured as lump-sum payments. That means you may have to wait awhile to get the money. Finally, pre-settlement loans are usually only available for personal injury cases. If you’re pursuing another type of case, you may not be able to get a loan.
So, is pre-settlement funding a good idea? It depends on your situation. If you need money quickly and you’re comfortable with the risks, pre-settlement funding can be a great option.
Apply for Pre-Settlement Funding Today
Are you ready to apply for pre-settlement funding? Money First Lending can help you get the money you need to pay your bills and focus on your case. We’re here to answer any questions you have and help you get the funding you need. Give us a call today at 702-623-3333 to get started.