Pre-Settlement Funding
Suppose you have filed a personal injury lawsuit seeking compensation for injuries or related losses from an incident or accident caused by another party, and the settlement is taking longer than you expected. You may feel as though you will never get the situation resolved. If the injuries you sustained have prevented you from returning to work and the medical bills have begun to pile up, a pre settlement cash advance could be the solution to your problems. Pre-settlement funding, also known as litigation financing or legal funding, is a financial tool used by accident victims to gain instant access to pending lawsuit funds.
The funds you obtain through a legal funding company may be used however you see fit. These funds can be used to cover ordinary living expenses, such as:
- Medical bills and prescriptions
- Mortgage and rent payment
- The cost of therapy or rehabilitation
- Utility bills
- Car payments
- Daily needs such as food and gas
- Legal fees, if allowed by your state