Top Benefits of Qualifying for Pre-settlement Funding
If you are pursuing a personal injury case against an individual or corporation, you should consider applying for pre-settlement funding to help you cater for the associated expenses. Given the several weeks of months it might take for cases of this nature to be settled, this funding is your best shot to financial stability the entire time. There are several good reasons why you should never hesitate to apply for this funding if you find yourself in a similar position. Here are the reasons why applying for pre-settlement funding is a wise decision.
Your credit history has no bearing on whether you qualify for pre-settlement funding or not; provided you have a strong case, there is a high chance you will qualify for the money you need to cater for your family. Among the top benefits of applying for pre-settlement funding is the ability to afford a good lawyer; there is always a high chance of winning the case if you have a professional lawyer by your side, and with the money, you can hire the best of the best.
By far, the main advantage of getting a lawsuit advance is it does not need to be repaid; these companies usually receive payment from a client’s settlement, which means you walk away free if your case loses. When you apply for this money to help you cover family expenses and bills, you don’t have to wait for a long time to receive through check or debit card; the money will be funded between twenty-four to forty-eight hours from the time you submit your application.
Unlike bank loans that are usually disbursed for a specific purpose like buying a car or a house, pre-settlement funding comes with the freedom to use the money for almost anything you want, which is especially important if you are falling behind on your necessities. Applying for pre-settlement funding can prevent you from settling for a lower amount; because the insurance company understands your desperation, they might try to pressurize you to accept a settlement that is far below the actual value of your case, which you can reject if you have the money to cover your expenses.
It is beneficial because of the easy and convenient application process; in addition t receiving the money within the shortest time, you only require a few minutes to complete the application process. Thanks to pre-settlement funding, you will have the money to see some of the best doctors and visit the best medical facilities in your area for treatment. These are the reasons why pre-settlement funding should be at the top of your list if you have a pending personal injury case.