When Is Pre-Settlement Funding Right for You?
Having to file lawsuits can be a very time-consuming as well as a money-consuming process. It can take a lot of time for the money to appear even after a big verdict is announced or a settlement is reached. That’s why many people prefer to go for pre-settlement funding or lawsuit loans so that they can pay for their expenses in the meantime.
Of course, this should be done in partnership with a company experienced in these matters so they may guide you to the best loan options and can help you figure out how much money to get.
Defining Pre-Settlement Funding
Pre-settlement funding, also called a lawsuit advance, gives you money before a case is settled or a verdict is handed so that you can pay for expenses that are collected throughout the case. This is done on the arrangement that once the case is settled, the company from which you took the funding receives a portion of your payout.
Benefits of Pre-Settlement Funding
Whether or not a lawsuit loan is for you depends entirely upon you. If you feel that you’re under a lot of financial burdens just waiting for a verdict to be handed out or a settlement reached, then you could benefit from a lawsuit loan.
If you are stressed regarding expenses and are anxiously waiting for the settlement payout to help you out, then you will most probably settle for a lesser payout just so you can get your hands on it sooner. However, if you take a lawsuit loan then you won’t have to worry about financial burdens while you wait, and you are free to go for a larger amount of payout with ease.
Essentially, taking out a lawsuit loan could be useful for you if you are going through a temporary rough financial patch and the case matters a lot to you. With Money First Lending, you can get your pre-settlement funding the same day you apply for it.
Once the case is closed and money received, you will have to pay back the lender. But the best news is that if you don’t win your case, you don’t owe us anything. That makes this a low-risk and safe proposition for you, easing your concerns during this difficult time.
Request Pre-Settlement Funding Now
At Money First Lending, we are experienced in dealing with lawsuit loans and we want to help you reach the best decision for you. If you need pre-settlement funding, then contact Money First Lending by calling 702-623-3333 or by filling out our form.