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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

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What Is the Difference Between Pre Settlement Funding, Legal Funding, and a Settlement Loan?

A settlement loan—also known as a lawsuit loan—and pre settlement funding might sound as though they could be the same concept, but these financial products differ greatly. With a settlement loan, the borrower tends to be put in a situation worse off than when they started.

You must pay back the loan despite the outcome of your settlement. The lawsuit loan often requires that borrowers pay back two to three times the amount originally borrowed, even if they do not win their lawsuit, and are typically locked into a monthly repayment period.

Pinnacle Legal Funding offers pre-settlement car accident loans and personal injury loans, where the loan is zero-risk to you.

Fast Solution

Our transparent and easy procedures ensure you get the funds quickly to meet your current needs.

Stress Free

You are not obligated to pay us anything until the lawsuit is settled and you have justly received the proceeds from your award. Payment gets taken directly out of your settlement, so you never have to lift a finger!

Do You Qualify?

Most applicants do!

Pinnacle Legal Funding understands that you still need money to live on while your case is being settled. Let us be your financial resource while you focus on your medical treatment and get your life back on track!

How It Works?

Check Mark Icon

Step 1

Apply

Submit your online application or call

1-877-4-FUNDING

Step 2

Wait for review

We contact your attorney and review your case

Step 3

Sign agreement

We send a digital agreement to you and your attorney

Step 4

Get Your Money

Your check gets mailed in 24 hours

Apply Now

What Is a Pre-Settlement Loan More About Your Pre Settlement Funding Options

When you need access to your claim money before it has been settled, pre-settlement funding companies can work with you to advance a percentage of the estimated value of your claim. Pre-settlement lawsuit loans are a type of financing available to injured plaintiffs who have filed lawsuits, including any of the following:

These pre-settlement lawsuit loans may also be known as a lawsuit advance, lawsuit funding, or a pre-settlement advance. However, they differ from traditional loans in many vital ways. We use the term “loan” here to help plaintiffs become familiar with this different type of financial assistance.

A pre-settlement lawsuit loan can be described as an advance on a pending verdict or expected settlement in a legal lawsuit. Once you have filed a lawsuit, the lawsuit funding company can advance you a calculated sum of money based on the estimated value of your legal claim.

In the financial sense, a true loan is the borrowing of money where repayment is required. A pre-settlement advance works differently. The funding company will only be repaid if you win your case. If you lose, there is no requirement to pay anything back.

Motor vehicle accidents
Personal injury lawsuits
Wrongful death cases
Medical malpractice
Product liability
Slip and falls
Dog bites
Workplace injuries
Other personal injury cases

How Does Pre-Settlement Funding Work?

While a pre-settlement loan is not a true loan, there are still required steps you must take to gain access to this cash advance. Here is more about how pre settlement funding works:

01

Hire an Attorney and File a Lawsuit

To be considered for a pre-settlement advance, you must have a legal lawsuit started. With the help of an experienced attorney, you will need to file a valid lawsuit for a personal injury claim in state or federal court. Your case does not have to go to trial to receive pre-settlement funding. Pinnacle Legal Funding works directly with attorneys representing clients and offering their services on a contingency fee basis.

When an attorney and client agree upon a contingency fee arrangement, the attorney seeks financial compensation for damages on behalf of the client and collects a percentage of the verdict or settlement when the case concludes. In general, these legal fees can vary from 20% to 40% of the total settlement or verdict.

02

Apply For a Lawsuit Loan

Once you have obtained legal representation and your lawsuit has been filed, contact a pre-settlement funding company to get the funds you need to cover expenses when your personal injury lawsuit is pending.

A representative with the pre-settlement funding company will evaluate your pending lawsuit, and an assessment will be made on the dollar amount your claim is likely to receive in a verdict or settlement.

The company will take this information and determine the amount of money they can advance to you and what the interest rate will be if your lawsuit is successful.

Industrywide, the most a settlement company can offer you is 20% of your expected settlement amount. You may receive an offer for less than the full 20%—this is just the maximum funding that can be made available. This is the case for both car accident loans as well as personal injury loans.

03

Review the Proposed Pre-Settlement Funding Agreement

Once the pre-settlement funding company has decided on the funds they can offer you, the documentation will be sent to you and your attorney that outlines the terms of the proposed pre-settlement advance. Your attorney can answer any questions you have about the proposed deal. It is imperative that your lawyer carefully review the documents because repayment of the advance is their responsibility at the time that the lawsuit or settlement is successful.

You will receive any remaining settlement or judgment after the repayment of your legal representation, any court costs, and repayment of the pre-settlement advance plus fees and interest. When a pre-settlement loan is issued, the pre settlement lawsuit funding company is, in essence, “purchasing” a percentage of your settlement or judgment that will be repaid at the end of your case.

Remember that it is crucial that you consult with your lawyer before signing any documents, being sure you have a complete understanding of what you are agreeing to, as well as having any questions or concerns answered prior to accepting any pre-settlement advance.

04

Decide If a Pre Settlement Funding Is the Right Decision For You

The decision to accept a pre-settlement advance is something you should take seriously. There are several things you should consider when deciding to move forward with the advance. You will want to discuss with your attorney how long they think it will take for your case to reach a verdict or a settlement. Most times, claims are settled out of court, but if a case must go to trial, the time it takes to settle can be lengthy.

If this is the case, you will want to figure in the additional cost of interest on your pre-settlement advance for the length of time your claim is pending. If you have alternative options such as a personal loan, short-term disability assistance, borrowing money from a friend or family member, or a low-interest credit card, you may consider using one of these options. If, however, these alternate options are not available to you, applying for a pre-settlement advance could be your best option.

There are hundreds of lawsuit funding companies available across the country. You will find that the interest rates can vary greatly from one company to the next. A lawsuit funding company that is well-known and reputable may have interest rates as low as 1% to 3%. On the other hand, some lawsuit funding companies may charge 50% interest rates or higher in some cases. You will want to find a company that charges a low interest rate while considering the specific details of your case before implementing their fees.

A personal reference can be helpful when searching for a pre-settlement funding company, but if you do not have friends or family who have experience with them, please check out the testimonials from the clients who have successfully used our services.

Is Lawsuit Financing and Pre-Settlement Funding Legal In Your State?

In the United States, there are no definitive federal legal funding laws that are applied nationwide. Rather, the courts and legislators for each state are allowed to implement their own guidelines and rules around lawsuit financing. Therefore, the laws have a significant variation across the country. There are laws to protect you, the consumer, in the states that regulate lawsuit funding. Depending on the state you reside in, you may have laws regarding:

The amount of money you may receive
The amount you can be charged in interest per year
The rights that you have to rescind the agreement
The advertising that a legal funding company may use to gain your business

Fee transparency in your funding contract
The impact a legal funding company can have on your lawsuit
How you can use the lawsuit funding
Whether legal financing companies need to be licensed in the state they are serving
An attorney’s ability to offer legal funding to their own clients

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Are There States Where Plaintiffs Do Not Qualify For Pre-Settlement Funding?

Pinnacle Legal Funding offers pre-settlement funding in all states that allow it. We are unable to offer funding in the following states:

Arizona
Arkansas
Colorado
Illinois
Indiana
Maryland
Minnesota
Nevada
South Carolina
Tennessee
West Virginia

Speaking with your attorney about the decision to take a pre-settlement loan is in your best interest.

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How Do I Borrow Money Against a Pending Lawsuit?

When you contact Pinnacle Legal Funding, we will reach out to your personal injury lawyer to discuss the details of your case. Prior to agreeing to offer financing to a plaintiff, we must perform a thorough review of your case to determine the likelihood that it will result in a settlement.

Once we have determined approval for your lawsuit financing, we can provide pre-settlement funding and transfer the money to your bank account within 24 hours. Then, once your lawsuit has concluded and compensation has been awarded, we will receive the agreed-upon repayment.

Client Reviews

5 Stars

After my accident I was struggling to make ends meet. I found it difficult to keep jobs due to my injuries, but thanks to Robert I can pay my rent!

Alejandra Perdomo

5 Stars

When you are hurt, the last thing you want is more hassles. Pinnacle got me what I needed to get though the most stressful time of my life.

Omar Rodriguez

5 Stars

I was so panicked. My landlord was threatening to evict us, all of our bills were past due. None of it was our fault. We didn’t cause the accident – but we couldn’t work. Pinnacle helped us survive until we could get back on our feet after the accident.

Jean Arnaud

5 Stars

You never plan for things like this. And even though I had some savings and insurance, this accident ended up costing me a whole lot more than I ever thought it could. …Robert was so nice to me. He understood my situation and helped me fill out the forms. They took care of the whole process and in 24 hours my attorney called me and told me I had a check waiting for me.

Justine Marcon

5 Stars

Being a victim to a car accident, life is never the same. Many fail to remember that life goes on. You still need to work, deal with your injuries and pay the bills. Having just moved to Miami, this was already difficult to begin with. Thankfully, while our case was pending Pinnacle Legal Funding was able to be of great help to us. This was a decision that we made and to this day, we do not regret. Thank you Robert for all your help and wisdom.

Marilu Mozo and Andry E.

5 Stars

My experience with Pinnacle funding has been amazing! From beginning to end, the attention, the effectiveness of making sure the process is easy, is exactly what you need when securing a loan with Pinnacle. They make sure to answer all your questions and make it easy during this Covid-19 pandemic. I totally recommend! Thank you guys so much!

Barbara Matos

5 Stars

The process was very fast and easy, i don't even need to go to the office to do the paperworks, they send me the check overnight. Highly professional

Eduardo Nuñez Sacasa

5 Stars

It was real easy I received the money fast I didn't have to go into the office it was mailed overnight.

Taris Burroughs

5 Stars

They have fast service

Omayra Rodriguez

5 Stars

Positive: Professionalism, Quality, Responsiveness, Value, Excellent

Elizabeth MARA Turner

5 Stars

Thank you very much for the good service and ease. And speed. This service especially to Eduardo. Very grateful Greetings. To all the Equipment. Thank you.

Pedro Ruiz

5 Stars

The service of the company was effective and very easy, it was not necessary to visit its offices the whole process was by email and telephone. They delivered my check to me in person. Excellent !!!!

Yani Serrano

You Can Apply For Pre-Settlement Funding More Than Once

We do our best to consider the total financial need and potential outcome of your case when offering the initial funding. However, you are able to apply for additional pre-settlement funding if you need it.

Plaintiffs typically have access to 20% of their potential compensation as a cash advance on their lawsuit. If the initial funding falls below that mark, there is a possibility you could get additional pre-settlement financing while you wait for your case to settle. You will need to apply again—but as always, it is free to apply with no obligation.

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Can Children or a Surviving Spouse Apply for Pre-Settlement Funding?

In a tragic case where your loved one has lost their life, children or a surviving spouse may find it difficult to cover expenses after losing the additional income. In the time that a wrongful death lawsuit is being processed, you may be struggling to afford funeral and burial costs as well as medical expenses incurred prior to the passing of your loved one.

In cases such as these, we can provide financial relief with a lawsuit cash advance that will not put the family into hardship once the settlement is completed. The funding will not lock family members into hefty monthly payments, causing further stress. Similar to other personal injury claims, the family will not have to pay back any funding if they lose their wrongful death lawsuit and there are no upfront costs.

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Secure the Money You Need Now With Pre-Settlement Funding

If you are waiting for a settlement or court award, you have many options for pre-settlement funding. Pinnacle Legal Funding, we have an affordable, easy, risk-free pre-settlement funding process—making us hands-down the best choice.

You can apply online at no cost to you and begin the journey toward financial relief with our pre-settlement funding.

Our application has no hidden fees, no confusing legal jargon, and no obligation. Contact us today to start the process and see how easy and straightforward legal funding really can be.