According to the National Safety Council, the average car accident can cost anywhere from about $25,000 to well over $150,000, depending on the severity of the injuries sustained. The medical bills you receive after a car accident alone can take a huge toll on your finances.
Filing a car accident lawsuit could provide much-needed financial relief in the future. But because it can take months and sometimes even years for car accident cases to conclude, look into applying for pre-settlement funding through a reputable car accident lawsuit funding company in the meantime.
Not sure how to qualify for car accident pre-settlement funding? The legal funding process is simpler than you might realize. Discover how to apply for pre-settlement lawsuit funding below.
Step 1: Search for the Right Car Accident Pre-Settlement Funding Company
About 6 million car accidents occur in the U.S. each year. Since this number is so high, there isn’t any shortage of companies that can provide people with pre-settlement funding while they wait for car accident claims to play out in court.
However, don’t just Google “car accident pre-settlement funding” and select the first company that caters to those needing plaintiff support during car accident lawsuits. Instead, search for a well-respected company that makes it a point to provide non-recourse funding to clients. You won’t need to worry about repaying this kind of pre-settlement lawsuit funding if your lawsuit is ultimately unsuccessful.
Apex Legal Funding has been providing car accident victims with funding for years. You can trust this company to extend the legal funding options you need when dealing with the aftermath of a car accident and taking legal action against someone else involved in it.
Step 2: Fill Out a Pre-Settlement Lawsuit Funding Application
To see if you qualify for pre-settlement lawsuit funding after a car accident, all you’ll need to do is fill out an application online through Apex Legal Funding. This application should only take a few minutes to complete. It will ask you to provide the following for verification purposes:
- Your name, address, and contact information
- Your lawyer’s name and contact information
- Your requested funding amount
- Details about your car accident case
Step 3: Wait To See If a Pre-Settlement Funding Application Is Approved
Once your pre-settlement funding application is filled out, double-check the information you’ve included and submit it. From there, you can sit back and relax while an Apex Legal Funding representative evaluates your case and decides whether or not to approve it.
Under normal circumstances, traditional lenders will often work to secure additional information from you at this point. They’ll check your credit score, see where your income stands, and do their due diligence before approving you for funding.
However, this is not the way pre-settlement lawsuit funding works. When you accept this type of funding, you’ll agree to give Apex Legal Funding a portion of a settlement or judgment you expect to receive in your car accident case. This enables the company to offer you lawsuit funding without forcing you to prove you can repay it.
Step 4: Collect Cash From a Lawsuit Financing Company
If you’re approved for pre-settlement funding through Apex Legal Funding, you’ll be happy to hear you won’t need to wait long for it to arrive. In many cases, you can have the company deposit money directly into your bank account within 24 hours.
As long as there aren’t any unexpected hiccups during the application process, such as requesting a lawsuit cash advance that is too large or providing inaccurate banking information, you should see money appear in your bank account in no time, giving you the financial peace of mind you seek sooner rather than later.
Step 5: Use Pre-Settlement Funding To Cover Car Accident Costs
When pre-settlement lawsuit funding from Apex Legal Funding shows up in your bank account, it’s up to you what to do with it. Some people opt to pay medical expenses with lawsuit funding to stop pesky debt collectors from calling them all the time. Others choose to put legal funding toward their monthly bills — which have reached an average of over $6,000 in the U.S. — so that they can stay afloat financially during a car accident case and avoid digging themselves into debt.
Contact Us To Apply for Pre-Settlement Funding
Qualifying for lawsuit funding can make filing a car accident lawsuit less stressful by delivering financial relief at a time when you need it. Apex Legal Funding would love to help dispel the latest pre-settlement funding myths and tell you more about how our lawsuit funding can benefit you. Call us at 800-377-4934 to start the legal funding process.
FAQs
Do you have more questions about qualifying for legal funding? Look for answers below.
What Are the Requirements for Qualifying for Car Accident Pre-Settlement Funding?
The requirements for qualifying for car accident pre-settlement funding are minimal. If you’re involved in a car accident lawsuit and need cash right now, you can likely qualify for funding through Apex Legal Funding. Fill out an application to determine whether you’re approved for legal funding.
How Soon Can I Collect Cash After Applying for Pre-Settlement Lawsuit Funding?
You can collect cash after applying for pre-settlement lawsuit funding almost as soon as you apply for it. Apex Legal Funding can sometimes provide lawsuit funding in as little as 24 hours. The exact time it takes for money to reach your bank account will depend on the circumstances surrounding your case and our current caseload.
What Can I Use Lawsuit Funding for Following a Car Accident?
You can use lawsuit funding following a car accident for just about anything. While many people utilize lawsuit funding from Apex Legal Funding to pay medical bills and account for lost wages, there isn’t any limit on what you can do with this type of funding. Some people choose to go on vacation or make home improvements with the money they receive in the form of pre-settlement funding.
