A cash advance on your insurance claim can be a lifeline that lets you fight for the full amount of your settlement. Litigation is full of risks. And even in a lawsuit where it seems clear who was responsible for your damages, it could be months or years before you see the money from your settlement.
By getting some of that money now, you can resist pressure to settle for less. Pre-settlement legal funding allows you to obtain a cash advance on your insurance claim. It can give you peace of mind and the resources you need to take on well-funded insurance companies.
Can You Get a Cash Advance on a Settlement?
Yes, you can get a cash advance on a settlement in the form of legal funding. Your settlement has a likely value which will be awarded to you should you win your case. Legal funding companies treat this as a potential investment and can offer you money from your expected settlement in exchange for the settlement itself.
A lawsuit cash advance takes the risk out of your settlement and gives you access to that money now. Instead of waiting to receive it or even being forced to settle for a lesser amount, you can walk away with it today. While technically this is a loan, it’s a form of non-recourse debt, meaning you don’t have to pay it back from your assets or if you lose your case.
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Qualifying for a Lawsuit Cash Advance
If you’re looking for a lawsuit cash advance and wondering if you qualify, here are some of the most common cases that we work with. If yours isn’t listed, that doesn’t mean we can’t help you.
- Car, truck, and motorcycle accidents
- Pedestrian accidents
- Personal injury
- Medical malpractice
- Construction accidents
- Workplace or employment disputes
- Wrongful death
Some common types of injuries that are covered by insurance which we can offer a lawsuit cash advance on include the following:
- Broken bones
- Traumatic brain injury
- Cuts, scrapes, and lacerations
How Can a Lawsuit Cash Advance Help You?
One of the main pressures that force people to settle early after an accident are high medical bills. With a lawsuit cash advance, you can recieve money to pay for them from your expected settlement. With that cash, you can better maintain your fight for the full value of your settlement instead of accepting less than your case is worth.
The defense will usually try to drag out your settlement case, especially if the evidence is clear that you’re not at fault and are entitled to an award. They do this hoping that your mounting bills and any loss of income you suffered related to your claim eventually take their toll and force you to settle. With a lawsuit cash advance, you won’t have to accept a lower settlement.
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How Much Money Can You Get in a Lawsuit Cash Advance?
The size of your lawsuit cash advance for your insurance claim will vary depending on the circumstances around your case. However, it’s not uncommon to receive a five or even six-figure amount in pre-settlement funding. Legal funding companies may offer up to $1 million as a cash advance on your case if you have a strong claim and high damages.
However, there are some limits to the amount of legal funding you can receive. In general, a legal funding company won’t fund you more than 15 to 20% of the value of your case. If you seek funding beyond this amount, you will generally have to sell your entire settlement to a different legal funding company than the one you worked with initially.
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How Do You Apply for a Lawsuit Cash Advance?
In most cases, applying for a lawsuit cash advance is a simple process that takes just a few minutes to complete. A legal funding company will want to know some basic information about your case before offering funding. Some key information they’ll need includes the following:
- Your lawyer’s approval to receive legal funding
- The details of your case
Once a legal funding company carries out their evaluation of your case, they’ll make an offer of legal funding based on the expected size of your settlement. There’s no credit check needed and the money is yours to spend however you want after you receive it.
Get a Lawsuit Cash Advance on Your Insurance Claim Today
With Tribeca Lawsuit Loans, you can obtain a lawsuit cash advance on your insurance claim at fair rates today. Apply now and within 24 hours, you could be approved and receive up to $1 million in your bank account. We’ve awarded over $45 million to our clients across the country and can bring our financial resources to your case.
Find out today why working with a legal funding company can turn the tables on the defense. You don’t have to gamble with your settlement when we’re on your side. Contact us today and you can even speak with a real team member to find out how to navigate our application process and to discuss your case and the ways in which we can best serve you.