What is Pre Settlement Funding??
Pre Settlement Funding (settlement cash advance or lawsuit loan) is used to define the type of funding intended to provide money to the plaintiff in a lawsuit, before the case is decided by the courts, insurance company or settlement.
This money or funding helps plaintiffs (accident victims) who have serious financial needs such as medical care, house payments, rent, tuition and general living expences before the court or legal proceedings run its course.
Some of these case can take months or even years to settle in or out of court.
The funding may free the accident victim to reject a low ball offer by the defendants so they can buy time to wait for a more attractive settlement (more money.)
Most companies like us at Empire Settlement Funding provide Pre-settlement funding with a fast turnaround time and cash in hand within 24–48 hours.