Pre-Settlement Funding Companies
When you are in an accident, your life can change forever. You might not be able to go to work, and in a worse-case scenario, you might be hospitalized for weeks. In the process, you bleed your savings until you are bankrupt. However, do not worry, because Money First Lending is here to carry the financial burden for you.
If you or your spouse have been in an accident, you can file a personal injury claim or a wrongful death claim, depending on the situation. Irrespective of the claim you file, the court case can sometimes last for more than two years before it has been heard and determined. Our pre-settlement funding services will ensure your bills are paid on time and that you still maintain your standard of living.
Before you get started with a pre-settlement funding company, you need to investigate whether they are a good fit.
Choosing the Right Pre-Settlement Company
When choosing a suitable pre-settlement company, you need to consider factors such as the experience and interest rate offered. Companies that have been in existence for several years have the experience to handle complicated cases and guide you through the process.
Another critical factor that you need to consider is the interest rate charged by the pre-settlement company. Some companies might charge interest on the pre-settled amount of up to 50%. The best company is that which is sympathetic to your case and will not try to exploit you.
Lastly, when considering a settlement company, ensure you do so with the help of a lawyer. Sometimes, people sign contracts without reading them because they are desperate for money. If you seek the services of a qualified attorney, you will know whether the agreement has hidden charges or not. Ensure the contract signed is clear and concise.
How to Qualify for a Pre-Settlement Agreement
Pre-settlement companies have different criteria for deciding whether to work with you or not.
One main factor is whether the plaintiff is working with a reputable lawyer. If your lawyer is not licensed, the pre-settlement company will not have the confidence to give you money.
Another factor that companies like ours consider is the type of claim filed. Some companies will only work with people who have specific claims, such as a personal injury claim or a wrongful death claim. It is for this reason why we advise you to research the pre-settlement company you want to approach.
The most crucial factor that all settlement companies will always consider is the strength of your case. The company must be 99% sure that you will win. This is because if you lose the case, they lose their money.
Call a Pre-settlement Company You Can Trust
There are many pre-settlement funding companies out there. However, not all of them will give you money at an affordable rate. When you call Money First Lending at 702-623-3333, you can rest assured that we will loan you money with no hidden fees. You can also get in touch by sending us a message through our contact form.