Top Benefits of Qualifying for Pre-settlement Funding
Pre-settlement funding has helped millions of people make ends meet and cater for expenses when they are waiting for the outcome of a personal injury lawsuit, and might b what you need too. Since you are unaware of when your personal injury case might be settled, applying for pre-settlement funding is a way of giving yourself financial security for the foreseeable future. There are several good reasons why you should never hesitate to apply for this funding if you find yourself in a similar position. Below are the amazing advantages associated with getting pre-settlement funding.
If you have ever been locked out of qualifying for a loan because of your bad credit history it does not factor into your application for pre-settlement funding; the strength of your personal injury case determines whether you get the money and how much. The expense of hiring an attorney is one thing that discourages a lot of people from pursuing personal legal action, fortunately, this funding will allow you to hire a good lawyer, increasing your chances of getting the highest settlement possible.
By far, the main advantage of getting a lawsuit advance is it does not need to be repaid; these companies usually receive payment from a client’s settlement, which means you walk away free if your case loses. If you have a personal injury case awaiting settlement and you need money fast, lawsuit advance is your best chance with most of these companies and lenders disbursing the money within forty-eight hours maximum.
Unlike bank loans that are usually disbursed for a specific purpose like buying a car or a house, pre-settlement funding comes with the freedom to use the money for almost anything you want, which is especially important if you are falling behind on your necessities. Applying for pre-settlement funding can prevent you from settling for a lower amount; because the insurance company understands your desperation, they might try to pressurize you to accept a settlement that is far below the actual value of your case, which you can reject if you have the money to cover your expenses.
Compared to traditional loans, it is easier and faster to apply for pre-settlement funding, since you can do most of it on your computer or smartphone at home or in the office, although you will have a little paperwork to deal with. Finally, applying for pre-settlement funding means you can get better health care; regardless of the severity f your injuries, seeing the best doctors means you can get back on your feet as soon as possible. Applying for pre-settlement funding is associated with the advantages discussed above.