What is a Pre-Settlement Loan?

It is a type of funding that offers injured plaintiffs the financial means to cover their everyday expenses while they wait for their personal injury lawsuit to be resolved. This type of loan can make all the difference during a long and tedious legal process, providing vital financial support for medical bills and living costs that could otherwise become overwhelming.

Unlike traditional loans, pre-settlement loans are considered non-recourse, meaning that injured plaintiffs are not required to pay back the money if their case does not result in a favorable outcome. Instead, repayment is dependent on the outcome of the case itself. Plaintiffs can receive up to hundreds of thousands in funding depending on the estimated value of their case and how much is needed to cover daily expenses.

Pre-settlement loans come with no hidden fees or credit checks and require minimal paperwork compared to more traditional forms of financing. With no interest rates or credit scores involved, applicants simply have to provide documentation proving their case’s merit and expected success rate before receiving an immediate offer for funding.

Settlement funding can provide important safeguards against “loan sharking “, which can often occur when an individual has limited access to resources but needs funds desperately. By offering responsible and ethical financing options for those who need it most, pre-settlement lenders ensure that injured plaintiffs do not fall victim to predatory practices while waiting for resolution in their cases.

Who Commonly Seeks Out Pre-Settlement Loans?

Pre-settlement loans are typically sought out by individuals who have a pending settlement or court case, such as those stemming from personal injury, wrongful death, medical malpractice, and product liability. These types of cases may take months or years to resolve. During that time, the claimant can be left with mounting bills and no way to pay them. Pre-settlement loans offer claimants access to cash while they wait for their cases to be resolved.

The process for obtaining a pre-settlement loan is usually straightforward. Most lenders will require a plaintiff’s attorney to provide information about the case including an estimate of the settlement amount as well as details about the defendant(s). Sometimes, a credit check may be required. Once all information is received, the lender will review the case and make an offer to finance a portion of the settlement.

These loan funding options before settlement in Missouri, can provide claimants with much-needed relief during times of financial hardship while they wait for their cases to be resolved. They can also help ensure individuals receive compensation for their injuries or losses without having to settle early or take on more debt in the process. For those facing difficult circumstances, pre-settlement funding may be an ideal solution.

What are the Benefits of Pre-Settlement Loans?

Pre-settlement loans offer numerous benefits to plaintiffs awaiting their lawsuit settlements. Here are a few of the most important:

• Financial Security: Pre-settlement loans can provide much-needed cash flow for those dealing with financial hardship as they await their lawsuit settlement. This loan helps alleviate the stress of living on a limited income and covers unexpected expenses.
• Quick Access to Funds: With pre-settlement loans, plaintiffs can get access to funds much quicker than they would with traditional loans or other forms of financing. This allows them to cover urgent needs such as medical bills, car repairs, housing payments, or day-to-day expenses while waiting for the case to resolve.
• No Risk of Collection: Pre-settlement loans do not require repayment if the plaintiff’s case is unsuccessful, meaning there is no risk of collection or credit problems. Instead, repayment is contingent upon the receipt of a settlement from the court or via an out-of-court settlement agreement.
• Flexible Terms: We offer flexible terms based on each plaintiff’s individual needs and circumstances. We also typically have no upfront fees or hidden costs associated with the loan.

For those who need quick access to funds while awaiting their lawsuit settlements, pre-settlement loans are an excellent option due to their many advantages and flexible terms.
These types of loans provide security and peace of mind during uncertain times that may be difficult financially for some plaintiffs. Call us when you decide you want to take back control of your settlement.

What Does the Pre-Settlement Loan Process Look Like?

The pre-settlement loan process in Missouri is relatively simple. After you have contacted Blue Fox Funding, LLC, we will need to assess your case and determine if you are eligible for the financial assistance that we offer. If it is determined that you do qualify, then the process will move forward rather quickly. Just another advantage a company like ours can offer you.

First, we will ask for documents related to your case including any medical records, court documents, and other paperwork. Then a review of these documents will take place as well as an evaluation of your potential settlement amount to determine how much money you can receive with a pre-settlement loan.

Once approved for the loan, the money is usually deposited into your bank account within one or two business days. The loan is then repaid when your case settles, and you may need to provide documentation that the settlement has been finalized.

How Can a Pre-Settlement Loan Lawyer Make a Difference?

We can provide a much-needed lifeline to those who need financial assistance while they await the outcome of their legal case. A pre-settlement loan can be an invaluable resource in helping you navigate the process and make sure you are fiscally responsible while awaiting payment.

A lawyer will help you understand all of your options so that you can make informed decisions about which type of financing is right for your situation. With the help of a knowledgeable attorney, you can funding quickly and easily without having to worry about complicated paperwork or hidden fees down the line.

So don’t hesitate to contact an experienced pre-settlement loan agent  at Blue Fox Funding, LLC today, and get started on receiving the money you deserve! Call 618-350-4581 to speak with us as soon as possible.