4 benefits of plaintiff pre-settlement funding
Millions of Americans are injured every year in accidents caused by the negligence of others. As a result, many who have suffered a loss of income or are no longer able to work find themselves unable to pay their bills or support their families. Even when a lawsuit has been filed, legal proceedings can take years, and financial pressure often causes plaintiffs to settle for far less than their cases are worth.
Pre-settlement funding – also referred to litigation funding, a lawsuit loan or settlement cash advance – is an up-front cash payment against the future proceeds of your lawsuit. And unlike a loan, a cash advance against the future settlement is non-recourse and there are no interim payments. Non-recourse funding means you have no obligation for repayment if the case is lost or dismissed.
Here are 4 benefits of pre-settlement funding for plaintiffs:
1. Cover bills and living expenses
Financial strain can add to the stress as many struggle to make ends meet and keep up with medical and other bills while recovering from injury. If you have a pending personal injury case and need immediate financial assistance, pre-settlement funding can help.
2. Improve the quality of litigation
Pre-settlement funding can help you avoid the pressure of settling too early and accepting less money than the case is worth. A well-capitalized plaintiff is better equipped to pursue a meritorious claim to its full potential.
3. Safety net for unforeseen hardship
Sometimes unexpected hardships, like a vehicle breaking down, leaky roof, loss of a job or injury, can be costly. Pre-settlement funding can serve as a safety net for you in the event of unforseen harship - helping you get back on your feet while you await settlement.
4. Monetize claim and offload risk
Because our funding is non-recourse, you owe us nothing if the litigation is unsuccessful. Pre-settlement funding provides a way for you to monetize a portion of your claim while also deflecting some of the risk in the event of an unfavorable case outcome.
Pioneer Legal Funding Can Help
Pioneer Legal Funding’s mission is to increase access to justice by providing best-in-class capital solutions for plaintiffs awaiting settlement. Backed by a team of knowledgeable underwriters, paralegals and attorneys, we’ve earned a reputation for excellence in the legal funding industry – working with hundreds of law firms and thousands of plaintiffs with all different types of injury claims.
Here are a few common types of cases we fund:
- Motor vehicle accidents
- Slip and fall
- Civil rights
- Medical Malpractice
- Premise liability
- Product liability
- Workers' compensation
- Wrongful death
- Sexual Assault
If you have questions about whether your case is eligible for funding, don’t hesitate to reach out to us. We’d love to see if we can help.
Apply Today With Pioneer Legal Funding
Fill out our quick and easy Funding Application here or give us a call at (877) 610-0950 and one of our team members can assist you. It only takes a couple minutes and there’s no cost to you. Tap into the value of your lawsuit today with Pioneer Legal Funding.