A Quick Financial Solution for Auto Accident Victims: Pre-Settlement Cash Advance
Dealing with the aftermath of a motor vehicle accident can be overwhelming, especially when medical bills, vehicle repairs, and everyday living expenses pile up.
That's where pre-settlement funding comes in, offering an essential financial solution while you wait for your lawsuit to settle. This service allows you to access a portion of your anticipated settlement upfront, providing crucial relief without the stress of a traditional loan.
What is Pre-Settlement Cash Advance for Auto Accident Lawsuits?
Pre-settlement funding for auto accidents is often misunderstood as a loan or lawsuit loan, but it's actually quite different. Unlike loans, pre-settlement cash advances are not based on your credit history and don’t require repayment unless you win your case. This makes pre-settlement funding a safer option, especially for those who are already facing financial burdens.
This funding is a non-recourse obligation, meaning you only repay the amount if your case is successful. If you lose your lawsuit, you're not required to repay anything—this is a key distinction from loans, which require repayment regardless of the case outcome. It’s a risk-free way to ease the financial stress that comes with recovery and legal proceedings.
Who is Eligible for Pre-Settlement Funding?
If you've been involved in an auto accident, pre-settlement funding could be the financial relief you need to cover urgent expenses such as medical bills, vehicle repairs, and other household costs. It’s designed for people who are awaiting the resolution of their case and need assistance while their lawsuit is still in progress.
This option is available to individuals who have a pending case resulting from a motor vehicle accident, whether it’s a car, truck, or motorcycle accident. However, accidents involving non-motorized vehicles or boats may not be eligible.
How Does Pre-Settlement Cash Advance Work?
The process of securing a pre-settlement cash advance is straightforward and quick:
- Application for Funding
Before applying, it’s important to consult with your attorney to determine if pre-settlement funding is right for your case. - Case Evaluation
The funding company will review your case, including the potential settlement amount and strength of your case. - Approval Process
Once your application is reviewed, the funding company will make a decision quickly—typically within 24 to 48 hours. - Agreement and Disbursement
After approval, you and your attorney will sign a pre-settlement funding agreement outlining the terms. Once signed, the funds are disbursed via direct deposit or other means. - Ongoing Support
In many cases, funds can be available as quickly as the same day, helping you address immediate financial needs.
Is There a Funding Limit?
Pre-settlement cash advances are generally based on several factors, including the strength of your case, the estimated settlement amount, and your medical expenses. These factors determine how much you can qualify for.
In some cases, it is possible to receive more than one pre-settlement cash advance if your case progresses, additional medical treatments are required, or your financial needs change.
Frequently Asked Questions (FAQs)
What are the risks of pre-settlement funding?
Since pre-settlement funding is non-recourse, your financial risk is minimal. You’re only required to repay the funding if your case is successful.
Can I default on a pre-settlement cash advance?
As long as you win your case, Oasis will not collect any fees. There’s no risk of default if your case doesn’t result in a win.
How do I choose the right pre-settlement funding company?
Look for a company with a clear and transparent process, fast approval times, and no hidden fees.
Why choose PrimeCare Network for your pre-settlement funding?
PrimeCare Network offers a fast, hassle-free application process and a commitment to providing compassionate service to individuals who need financial help after an auto accident. With over 25 years of experience, we’ve helped thousands of people like you get the support they need when they need it the most.
Get Your Pre-Settlement Cash Advance Today!
If you're facing financial stress while waiting for your lawsuit to resolve, a pre-settlement cash advance could be the solution you need. Reach out to PrimeCare Network for quick, easy approval and to learn more about how we can assist you.
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Disclaimer: The information provided here is for general informational purposes and does not constitute legal or financial advice. Please consult with your attorney or a professional advisor to discuss your specific situation.
