$2,298,300
$327,897
$101,211
$1,080,822
$210,902
$812,791
$1,210,902
$80,822
$470,491
$1,298,300
$57,665
$1,812,791
$2,221,801
$1,812,791
$140,897
$966,307
$1,001,211
$1,470,491
$1,057,665
$2,221,801
$2,140,897
$2,298,300
$327,897
$101,211
$1,080,822
$210,902
$812,791
$1,210,902
$80,822
$470,491
$1,298,300
$57,665
$1,812,791
$2,221,801
$1,812,791
$140,897
$966,307
$1,001,211
$1,470,491
$1,057,665
$2,221,801
$2,140,897
$2,298,300
$327,897
$101,211
$1,080,822
$210,902
$812,791
$1,210,902
$80,822
$470,491
$1,298,300
$57,665
$1,812,791
$2,221,801
$1,812,791
$140,897
$966,307
$1,001,211
$1,470,491
$1,057,665
$2,221,801
$2,140,897
$2,298,300
$327,897
$101,211
$1,080,822
$210,902
$812,791
$1,210,902
$80,822
$470,491
$1,298,300
$57,665
$1,812,791
$2,221,801
$1,812,791
$140,897
$966,307
$1,001,211
$1,470,491
$1,057,665
$2,221,801
$2,140,897
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The Process of Securing Pre-Settlement Funding

Pre-settlement funding involves application, case evaluation, approval, receiving funds, use of funds, and repayment or no repayment.

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Securing pre-settlement funding involves several steps, from application to receiving funds. This article provides a detailed walkthrough of the process, helping plaintiffs understand what to expect.

Step-by-Step Process

  1. Initial Application
    • Information Gathering: Plaintiffs provide basic information about their case, including the type of lawsuit, expected settlement amount, and attorney contact details.
    • Submitting the Application: Applications can typically be submitted online or via phone.
  2. Case Evaluation
    • Review by Funding Company: The funding company evaluates the case's merits, considering factors such as the strength of the evidence, liability, and potential damages.
    • Consultation with Attorney: The funding company often consults with the plaintiff's attorney to gather additional information and assess the likelihood of a successful outcome.
  3. Approval and Offer
    • Decision: If the case is deemed strong, the funding company approves the application.
    • Funding Offer: The company presents an offer, detailing the advance amount, fees, and repayment terms. Plaintiffs should review this offer carefully and consult with their attorney before accepting.
  4. Receiving Funds
    • Signing the Agreement: Plaintiffs sign a contract agreeing to the terms of the funding.
    • Disbursement: Funds are typically disbursed within a few days via direct deposit or check.
  5. Use of Funds
    • Covering Expenses: Plaintiffs use the advance to cover medical bills, living expenses, and other costs.
  6. Repayment
    • Settlement or Judgment: When the case settles or results in a favorable judgment, the plaintiff's attorney repays the funding company from the settlement proceeds.
    • No Repayment if Lost: If the plaintiff loses the case, no repayment is required.

Understanding the process of securing pre-settlement funding helps plaintiffs navigate the application and approval stages more effectively. By following these steps, plaintiffs can access the financial support they need during their legal journey.