Pre-Settlement Loans
Lawsuits are a headache to deal with. For accident victims with active pending personal injury litigation, the process is often untimely and expensive. And for those whose attorneys are negotiating a settlement, the process can still take much longer than desired.
As a pre-settlement loan provider, Money First Funding advances litigants money from the expected return on their financial settlements—helping people like you pay for things like mortgage/rent, car payments, or medical bills, at a time when your income has been impacted by an accident or injury.
Find out today whether a pre-settlement loan with Money First Funding is right for you with a free consultation.
Pre-Settlement Loans
A pre-settlement loan from Money First Funding is a zero-risk opportunity for you and your loved ones to cover your bills in the short term. Here’s how it works:
- You submit an application – We’ve streamlined the lawsuit process by creating an easy-to-use application for our clients. Simply give us a call, or fill out a form with your information to get started.
- We talk things over with your attorney – At this stage, your attorney fills us in on some key details, including the facts of your case, the status of your lawsuit, and your reasons for requesting a cash advance.
- Approved? Get your money same day – Once we talk things over with your lawyer and decide we’re a good fit for your pre-settlement needs, we send your funds directly to your bank accounts. No waits, and most importantly, no surprise fees.
Personal Injury Pre-Settlement Loans: How Do They Work?
When we approve your application for a pre-settlement loan, we grant you funds based on the expected result of your pending settlement negotiations or lawsuit.
We’ll never ask to review your credit report, find out if you’re late on your rent, or ask for collateral to secure your loan. The only thing we consider? The strength of your personal injury claim, based on our own assessment and that of your attorney.
The product of a desire to contribute to sound legal lending practices in our home community, Money First Funding was created by a partnership between a personal injury attorney and a retired physician.
Our practice is about helping people like you get through some of the most difficult moments of your life.
We recognize people need pre-settlement funding for a variety of reasons. Once your application is approved, your pre-settlement loan from Money First Funding can be used to cover:
- Medical bills
- Lost income from missed work
- Home, rental, student loan, or car payments
- Groceries
- Gas
- Out-patient medical services
- Handicap accessible upgrades to your home or car
- Anything else you need
Pre-Settlement Loans for Workers Compensation
Workplace injuries affect the lives of millions of workers each year. Filing a workers compensation claim can help you recover compensation, or damages, related to your injuries and lost income.
The problem is this process can also be met with unreasonable delays or denials by the workers compensation insurance company.
The good news is, as an injured worker, you could be qualified for a pre-settlement loan from Money First Funding and receive the cash you need to pay your bills instantly.
There is no set amount you have to take out in a loan; although, with our transparent fee structure and streamlined approval process, we make it easy to take out as much as you need, up to $500,000.
Getting an advance on your workers compensation claim is just one example of the ways a lawsuit loan from Money First Funding can help you address your financial challenges. Other examples of circumstances our clients with active pending litigation come to us in include:
- Car accidents
- Truck or motorcycle accidents
- Medical malpractice
- Defective product injuries
- Construction accidents
- Slip-and-falls
- Nursing home abuse claims
- Pedestrian accidents
Regardless of the injuries you’ve sustained, if you have a lawsuit underway with no end in sight, we can help you make sure the lights stay in until you receive a personal injury settlement.
Pre-Settlement Loan FAQ
When you have a question, the easiest way to get an answer is by giving us a call to set up a free consultation. For your convenience, some of the answers to questions our clients have asked us in the past are listed below.
What does it cost to apply for a lawsuit loan?
At Money First Funding, we offer free consultations while we gather information about your case. Later, we will talk things over with your lawyer. Finally, if approved, funds will be wired to your bank account. The fees we do assess are clearly detailed in the contract; if you fail to recover a settlement, you owe us nothing.
How soon can I get access to my funds?
As soon as we’ve had time to discuss your application with your lawyer, we can make the necessary arrangements to wire your money to your bank account. Often, this can be done the same day as you apply.
Why should I go with Money First Funding for my pre-settlement loan needs?
Although there are many pre-settlement companies out there, be careful to choose a one that values transparency. At Money First Funding, we maintain open and honest communication with our clients about their goals and how a pre-settlement loan can help them. Instead of charging interest, we assess an annual fee that’s easy to understand, and well-documented throughout the contract you sign.
What is non-recourse lending, and how is it different from a traditional loan?
When we say a pre-settlement loan from Money First Funding is a no-risk loan, it means you offer nothing in terms of collateral aside from the outcome of your case. If you lose your case, there’s no further obligation on your part, and you pay us nothing. We only get paid via a prearranged amount of your settlement money when you win.
What happens if I need more cash later? – This depends on the amount of money you have already received in pre-settlement funding. Although there’s no limit on the number of advances, or loans, you can receive, there is a total $500,000 limit. We are not authorized to exceed this figure.
The Importance of Working with a Lawyer for Your Pre-Settlement Loan
Although we strive to make lawsuit loans a possibility to all who need them, we do require you have retained the services of a lawyer in order to apply for a loan with Money First Funding.
In the past, we’ve seen firsthand how a failure to communicate between the lawyers, lenders, and litigants has led to confusion and generated unideal outcomes for people using lawsuit loans.
At Money First Funding, we value transparency above all else. Working with a lawyer helps us ensure the facts of your case are being accurately represented, and all parties involved understand the pre-settlement funding terms.
No surprise fees, massive interest charges, or shady contractual language in the fine print—that’s our guarantee.
Contact Money First Funding Today
When waiting for the outcome of pending litigation, no one should have to make a decision between paying their bills and maintaining their standard of living. At Money First Funding, our goal is to utilize responsible lending to make an impact—we can help you get through this moment.
Call us at 702-623-3333 or fill out the form below to schedule a free consultation with Money First Funding today.
