6 Things You Need To Know About Pre-Settlement Funding
What is it? Pre-settlement funding is a financial arrangement that provides individuals involved in legal disputes with urgent funds before their case settles.
How does it work? Plaintiffs and attorneys work with a funding company that evaluates the case and makes an offer. Approved funds can arrive within 48 hours.
Who is eligible? Not all claims are eligible; eligibility depends on the specifics of the case.
How much can I get? The amount varies based on the case evaluation.
When will I receive the money? Typically within 48 hours of approval.
Is there a risk involved? Yes, high-interest rates can make repayment challenging. Ensure to fully understand the terms and conditions before proceeding.
Pre-settlement funding helps plaintiffs alleviate financial stress during lengthy legal proceedings but comes with potential risks such as high-interest rates. Repayment plans vary, and it’s crucial to understand all aspects before applying.