Low Interest Pre Settlement Loans
When an accident uproots your life, taking civil action can help you recover damages. But how do you pay your bills in the meantime, when negotiating a settlement can take months, or even years?
At Money First Funding, our goal is to impact the pre-settlement loan industry with a genuine commitment to our clients and their needs.
Low Interest Pre Settlement Loans
Unlike traditional loans that factor in things like a borrower’s credit or employment history, pre-settlement loans work by advancing you a portion of the value of your expected settlement, and only consider the strength of your case when deciding to disburse a loan.
In the past, people would have to turn to regular lenders in order to get access to desperately needed funds. Even lawsuit loan companies that claimed to want to help personal injury litigants would end up hurting them through a combination of poor communication and predatory interest rates.
That’s why Money First Funding’s founders—a personal injury attorney and retired chiropractic physician—decided to take a different approach in order to promote responsible lending.
By offering zero-risk cash advances to qualified applicants with active pending personal injury litigation, we help you pay for the important stuff—like everyday expenses— now. How does it work?
It’s simple: just fill out an application and let us talk things over with your attorney. If there’s a match, we send you your requested funds in a matter of hours.
No shady deals, no miscommunication—just the money you need, when you need it.
Pre Settlement Loan Interest Rates
So, how are our loans zero-risk?
For starters, they work on a non-recourse basis. That means the only collateral you have in the loan is the expected value of your case—so if you win a settlement, we take an agreed-upon portion of the money. If you lose, you owe us nothing.
Put another way, a pre-settlement loan from Money First Funding is more like a cash advance than a typical loan, because there’s absolutely zero risk to you, the borrower.
Most importantly, a pre settlement loan with Money First Funding accrues no interest.
That’s right—when you borrow with us, you pay a small initial fee, plus a transparently communicated annual fee.
Pre Settlement Loan FAQ
We understand people need pre-settlement funding for a number of different reasons, even if it’s their first time hearing about it. Here’s some of the most common questions we get, addressed below:
Why don’t you charge interest for pre-settlement funding?
We’ve seen how difficult to understand variable interest rates and other fees can kill a personal injury claim. For that reason, we chose to simplify our fees, and communicate them clearly. When you go with Money First Funding, you’re getting a level of transparency not every lawsuit loan company can claim to have.
Do I really need an attorney to borrow?
Yes. Consulting an attorney not only helps us sufficiently understand the background of your case, it helps us know you understand the terms of your pre settlement loan—a plus for all parties involved.
What other benefits are there for borrowers from Money First Funding?
In addition to the fee transparency, industry knowledge, and no-interest loans, it’s possible a lawsuit loan from Money First Funding can help you increase the value of your final settlement offer by allowing your attorney the time they need to negotiate a settlement.
Contact Money First Funding Today
With Money First Funding, you get the resources that come from working with an industry leader, along with the transparency of people who understand the needs of personal injury litigants. Contact us today for a free consultation, and learn how we can help get your life back.
Call 702-623-3333 or fill out the form below to contact Money First Funding today.