Have questions? Let us Answer Them!
Are you considering pre-settlement funding but have questions about how it works? Look no further! Here we’ll explore the most frequently asked questions about pre-settlement funding to provide you with clarity and understanding. From the basics of pre-settlement funding to detailed insights into the application process and repayment terms, we’ve got you covered.
What is Pre-Settlement Funding?
Pre-settlement funding is a financial solution that provides plaintiffs with a cash advance to cover immediate living expenses while awaiting their verdict. Pre-settlement funding does not require repayment unless the plaintiff receives a favorable verdict, giving them peace of mind to pursue their legal case.
How Does Pre-Settlement Funding Work?
Pre-settlement funding works by providing plaintiffs with upfront cash advances to cover expenses such as medical bills and living expenses. The amount advanced is based on the estimated value of the case and is repaid only if the plaintiff wins their case.
What Are the Benefits of Pre-Settlement Funding?
Pre-settlement funding offers several benefits, including peace of mind, financial security, and no risk. Plaintiffs can access funds to cover expenses without the fear of accruing debt if their case does not result in a successful outcome.
What Types of Cases Qualify for Pre-Settlement Funding?
Pre-settlement funding is available for a wide range of cases, including personal injury, medical malpractice, wrongful death, and more. Arthur Funding provides funding for various types of cases, ensuring that plaintiffs have access to the financial support they need.
How Do I Apply for Pre-Settlement Funding?
The application process for pre-settlement funding is simple and straightforward. Once plaintiffs have secured a lawyer, they can fill out an online application form or contact Arthur Funding directly to initiate the process. Our team of experts will review the application and work with the plaintiff’s attorney to determine eligibility and funding amount.
What Are the Repayment Terms for Pre-Settlement Funding?
Repayment terms for pre-settlement funding are straightforward. If the plaintiff wins their case, the advance, along with any agreed-upon fees, is repaid from the settlement amount. If the plaintiff does not win their case, they are not required to repay the advance, ensuring no financial risk.
Have A Question We Haven’t Answered?
By addressing these frequently asked questions, we hope to provide clarity and understanding about how pre-settlement funding works and how it can benefit plaintiffs. If you have any further questions or are interested in applying for pre-settlement funding, contact Arthur Funding today. We’re here to help you navigate the complexities of litigation with confidence and peace of mind.
