After your car accident, paying off all those mounting medical bills seems impossible. You also have rent to pay, groceries to buy, and a car to repair or replace — all of which are out of the question if your accident left you unable to work.
If you need cash now, pre-settlement lawsuit funding may be the solution you need. Below, you’ll find real stories of accident victims who have benefitted from pre-settlement funding. You’ll also discover how it works and how to apply.
Lawsuit Advance Success Stories
Here’s how pre-settlement funding has helped car accident victims like you:
- One woman needed surgeries to repair her injuries after a car accident. She used pre-settlement funding to purchase the support she needed after the surgeries, allowing her to focus on recovery.
- A husband and wife were injured in a car accident, leaving the husband too injured to work. His wife, who had cancer, was also unable to work. The couple sought financial relief by applying for pre-settlement funding.
- A single mother of four suffered devastating injuries after a semi-truck hit her car head-on. She used her funding to pay for physical therapy and the surgeries she needed to return to work.
- One victim lost his job and house after his car accident. He used pre-settlement funding to find new accommodations and put food on the table for his family.
- A man lost three of his fingers in an accident and was no longer able to work. He fought the insurance company in court for five years for a fair settlement. During the court battle, he applied for pre-settlement funding to help him maintain his standard of living.
- A teacher’s aide was seriously hurt in a bus accident during a field trip. She used her pre-settlement funding to fight the insurance company for a suitable settlement.
What Is Case Financing?
Although you may have heard of case financing referred to as a “settlement loan,” it has very little in common with traditional loans. Rather, it’s a cash advance on your settlement. Unlike with a loan, you do not have to make monthly payments. Even better, if your case loses, you don’t owe the lender anything.
According to one study, about one in eight households with an injured family member who required hospitalization after an accident experienced financial hardship. If your household is struggling financially, pre-settlement funding is your light at the end of the tunnel.
What Types of Cases Is Legal Funding Available For?
In 2022, there were 42,500 car accidents and more than 5.2 million serious injuries from those accidents nationwide. Additionally, in the first three months of 2024, 8,650 people perished in car accidents. If you’ve had a car accident, you’re a good prospect for pre-settlement funding.
Have you experienced fall-related injuries due to a property owner’s negligence? Falls account for more than eight million hospital visits annually. Hospitalization for a fall can last for weeks, leaving you with bills in six figures. Pre-settlement funding helps fall victims like you keep those bills in check.
Pre-settlement cash funding is also available for:
- Dog bites
- Construction accidents
- Medical malpractice
- Other types of personal injury cases
What Can You Spend Plaintiff Funding On?
Because plaintiff funding is essentially your money, you can use it on anything you like. Funding companies, such as Apex Legal Funding, LLC, don’t place restrictions on how you use the cash.
Here are some examples of how you can use your funding:
- Medical bills: Hospital stays can cost an astronomical amount of money, and the bills don’t necessarily stop once you’ve gone home. You might also have bills for follow-up care, surgery, and other procedures.
- Housing: Many car accident victims fear losing their homes because they’re out of work. If you have a mortgage or rent to pay, you can use your funding to tide you over until you can work again.
- Living expenses: Your family needs to eat, but it’s tough to afford groceries if you’re not bringing in a paycheck. Pre-settlement funding helps you afford food, clothing, and other necessities.
How To Apply for Funding
If you’ve ever applied for a bank loan, you’ll find applying for legal funding to be a breath of fresh air. Here’s how it works:
- Ensure you’ve hired a lawyer and have a pending lawsuit before applying. You’ll need both of these to qualify.
- Submit your application, including information about the extent of your injuries, details about the accident, and your lawyer’s name.
- Wait for us to review your application, which could take as little as an hour.
- If you’re approved, we’ll send you cash, typically within 24 hours. Remember, you can use the money on anything you need.
- After your case closes, your lawyer will pay us back out of your settlement.
Apply for Car Accident Pre-Settlement Funding Now
Want to know whether you qualify for pre-settlement funding after a car accident? Contact Apex Legal Funding, LLC at 1 (800) 377-4934 for a free consultation or apply for funding now.
Frequently Asked Questions
Learn more about pre-settlement funding below.
Do You Have To Pay Back Pre-Settlement Funding for a Losing Case?
No, you don’t have to pay back a penny of your funding if your case loses. Pre-settlement funding is non-recourse, and the funding company takes on all the risk of your case losing.
How Fast Is Pre-Settlement Funding?
If we approve you for funding, we can typically provide you with cash within 24 hours. This is far faster than seeking financing through a loan, which can take a week or more for approval.
How Much Is Pre-Settlement Funding?
Pre-settlement funding amounts vary by lender and the details of your case. You could qualify for an advance of 25% to 75% of your settlement.
Is Pre-Settlement Funding Worth It?
Pre-settlement funding is worth it if you have bills to pay and no means to pay them. If you’re unsure when you’ll return to work and don’t know when (or if) your case will settle, pre-settlement funding can be a good solution.
