Pre-Settlement Funding

When individuals find themselves embroiled in a lengthy legal battle, it can take a toll not only on their emotional well-being but also on their financial stability. Legal proceedings can be expensive, with costs piling up for attorney fees, court expenses, medical bills, and everyday living expenses. This is where pre-settlement funding comes into play, offering a lifeline to those in need of financial relief during the legal process.

Pre-settlement funding, also known as lawsuit funding or legal funding, is a financial service that provides plaintiffs with a cash advance against their potential settlement or judgment. It is designed to bridge the financial gap between the initiation of a lawsuit and its ultimate resolution. This funding option can be particularly beneficial for individuals facing personal injury cases, medical malpractice claims, or other types of legal disputes that may take months or even years to reach a settlement.

The process of obtaining pre-settlement funding is straightforward and typically involves the following steps:

1. Application: The plaintiff submits an application to a pre-settlement funding company, providing details about their case, legal representation, and estimated damages.
2. Evaluation: The funding company reviews the application, assessing the strength of the case, the potential settlement amount, and the likelihood of success. Unlike traditional loans, pre-settlement funding is non-recourse, meaning that repayment is contingent upon the outcome of the case. Therefore, credit history and employment status are generally not major factors in the evaluation process.
3. Approval and Cash Advance: If the application is approved, the funding company offers a cash advance to the plaintiff. The amount of the advance is based on the estimated value of the case and can range from a few hundred to several thousand dollars.
4. Repayment: Repayment of the funding, including fees and interest, is typically structured as a percentage of the eventual settlement or judgment amount. If the plaintiff does not win the case, they are typically not required to repay the advance.

Pre-settlement funding provides crucial benefits for plaintiffs during the course of their legal proceedings. Here are some of the key advantages:

• Financial Stability: By accessing pre-settlement funding, plaintiffs can cover their immediate expenses, such as medical bills, rent, and daily living costs. This financial stability allows them to focus on their case and not worry about financial hardships.
• Leveling the Playing Field: In some cases, defendants and insurance companies may use delay tactics to put pressure on plaintiffs to settle for less than they deserve. Pre-settlement funding empowers plaintiffs to resist such tactics by providing them with the financial resources to hold out for a fair settlement.
• No-Risk Funding: As mentioned earlier, pre-settlement funding is non-recourse, meaning that if the plaintiff loses their case, they are typically not required to repay the funding. This arrangement shifts the risk from the plaintiff to the funding company.
• Timely Resolution: With the financial burden eased, plaintiffs may be less inclined to accept a premature and insufficient settlement offer. This can lead to a more favorable outcome in terms of both the settlement amount and the speed of the case’s resolution.

By providing access to funds based on potential settlements or judgments, World Funding can alleviate the financial strain and help level the playing field against well-resourced defendants. 

At World Funding, we are committed to serving our community, and we put a lot of effort into giving our esteemed customers the best service possible. Our objective is to assist injured victims in playing on an even playing field. At least one step of the process needs to be free of problems.

We take great pride in being able to assist those who are most in need. To ensure that our services help our clients when they need them most, we adhere to strict and realistic expectations.

Our knowledgeable team is here to help you and analyze your case for free. If you need money but are unsure whether your situation qualifies for financial assistance, call World Funding Corporation today and see how we can assist you.

Call us at 929-562-5466

How It Works