Pre settlement Lawsuit loans
Lawsuit Loans can help make ends meet for plaintiffs who are unable to work or behind on their bills after a car accident or some other type of injury. American Pride Legal Funding provides advances for plaintiffs who were injured through no fault of their own.
Lawsuit loans might be referred to as settlement loans and pre settlement funding, however receiving an advance on your case is not actually a loan. Receiving an advance is non recourse funding because you only repay the advance if you win your case.
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Pre-Settlement Loans for plaintiffs
American Pride Legal Funding offers pre settlement lawsuit loans to plaintiffs across the United States. Lawsuit loans from American Pride are non recourse- you only repay if you win your case. There are no upfront application fees and no monthly fees. NO credit checks or employment requirements. Only your case is evaluated, that’s why lawsuit loans are not traditional loans- they are an advance on your potential lawsuit settlement.
SETTLEMENT LOANS CAN HELP YOU bridge a financial gap
The most common type of pre settlement loan is an auto accident advance or car accident loans. Settlement loans are often necessary when you cannot immediately get back to work following a serious injury. Pre settlement lawsuit loans from American Pride can help level the playing field against well funded defendants.
pre-settlement funding on Personal injury lawsuits
In addition to auto accidents, we can fund premise liability claims, defective drug lawsuits, medical device claims, wrongful death accidents, and medical malpractice lawsuits.
How do I qualify for a lawsuit loan?
Lawsuit loans can be provided to any plaintiff involved in a personal injury case who is represented by an attorney. Every case is unique and every person has different needs. Personal injury lawsuits can take over two years to resolve, lawsuit loans from a pre settlement funding company can help plaintiffs during the litigation process. Pre settlement funding allows your attorney to potentially negotiate a more favorable settlement in addition to helping with immediate expenses.
How fast you receive your pre settlement funding depends on how fast your law firm or attorney can pass along your basic case documents. From there, we can quickly review and issue an approval and funds with 24-48 hours.
HOw do lawsuit loans work?
Lawsuit loans are a term used to describe a lawsuit cash advance where a third party firm purchases a portion of your potential settlement in exchange for repayment if you win your case. To start, we evaluate your case using records provided by your attorney. If we can approve your case, we provide funding within 24 hours and sometimes the same day. If the case is settled or won at trial, American Pride Legal Funding receives repayment from the lawsuit proceeds. If you lose your case, there is no obligation. Unlike a traditional loan, there is no obligation to repay a pre settlement lawsuit loan.
HOw can I speed up the settlement loan process?
The answer is that once we have your case information, the lawsuit loan process takes about 24 hours to complete. However, it can take some time to get the information we need to review from your attorney. Many times we need to have a brief conversation with your attorney. Here are a couple tips to speed up the process and simplify how lawsuit loans work. On our initial call or on your online submission, provide as much information as possible. Next, you can call your attorney, paralegal, or case manager and let them know that they can expect a call regarding a pre settlement loan.
Reasons why claimants may not qualify for lawsuit Funding
Pre settlement funding (lawsuit funding) carries substantial risk for lenders. The value of your case depends on your injury, the insurance coverage available, and the liability in your case. Taken together they create a hypothetical estimate of your case. That same criteria is used to determine if your case qualifies and how much of an advance your case can support at any given time. As a case matures, and offers are made on the case and settlement negotiations begin- a case can become eligible for pre settlement funding when it wasn’t before.
Frequently asked questions
We offer the lowest rates available for a cash advance on a pending lawsuit. Your case type along with the overall strength of your claim determines your advance fee.
You can receive your funds in a number of ways including, bank wire, Western Union, and overnight express delivery.
No, pre settlement loans are not a loan. If you lose your case, you don’t repay your funding. That is why loans for lawsuits are actually called a lawsuit cash advance, legal funding, pre settlement funding or lawsuit funding. The term lawsuit loans is used because the financing is new to most claimants. Law firm financing refers to attorney funding and law firm funding.