Why You Need Cash Advance Pre-Settlement Funding And How To Get It
Are you planning to file a lawsuit and you are in dire need of money? Your best bet is to opt for cash advance pre-settlement funding. Contrary to what a lot of people think, cash advance pre-settlement funding is not a loan.
Here is how it works; cash advance pre-settlement funding is the money you get while your case is in court waiting for the jury’s decision. During this period, you can apply for this fund instead of having to wait for the case to end before you get your claim.
Aha! You are probably asking yourself this question – what if I lose the case? Yes, if you lose the case nothing happens. You don’t need to pay it back. As mentioned earlier, it is not a loan. It is your money whether you win the case or not. The company providing the funds already bears the risk.
Another reason to consider the option is the speed of response. Once you meet the requirement for the fund, it will be wired into your account within just 48 hours. However, there is a laid down procedure to apply for the funds and it has been outlined below.
The first step is to fill and submit your application form. You need to provide as much information as possible so that you will get a definite response very soon. Remember, you won’t get any cash if there are gray areas in your application. So, you should be as transparent as possible.
After submitting your application, wait for it to be reviewed. The state in which your case is filed has to allow funding otherwise your application will be turned down. They also need to know who is at fault.
If you are at fault, your chances of winning the case will be slim so are your chances of getting the cash advance. The type of injury is considered too. You also need to have a minimum amount of insurance coverage for you to be eligible for the funds. So, it will be verified too.
If at this point, you are found to be ineligible for any cash advance, it will be communicated to you. Conversely, if you are eligible, you will be told to inform your attorney on your cash advance application because some attorneys advise their clients against it. Your attorney will also be contacted for some information.
If your attorney provides all the necessary requirements, underwriting of the process will begin. This usually takes between 24 and 48 hours.
If your fund is approved, you will need to sign a funding agreement before the fund is wired to your account. The agreement will be sent to your lawyer because he has a role to play in it.
Once you send back the signed agreement accompanied with some required documents like your photo ID, your check will be sent to you or the fund will be wired to your account.
The process is as straightforward as that. So, you don’t have to wait for the jury to give a verdict before you get your money. Just apply for cash advance pre-settlement funds.