How Pre-Settlement Cash Advances Can Help Ease Financial Stress During a Personal Injury Lawsuit

Each year, millions of Americans seek medical treatment for injuries caused by accidents.

When these accidents are caused by someone else’s negligence, victims often turn to the responsible party’s insurance for compensation or file a lawsuit to cover their medical costs, financial losses, and emotional distress. This type of lawsuit is called a personal injury case, and it includes cases such as motor vehicle accidents, slip and fall incidents, medical malpractice, and product liability.

Although filing a lawsuit can result in compensation, the process can take time, leaving victims struggling to cover their immediate expenses. A pre-settlement cash advance, also known as consumer litigation funding or a personal injury lawsuit loan, can provide financial relief while the case is pending. Here's what you need to know.

Pre-Settlement Funding is Simple with PrimeCare Network

At PrimeCare Network, we understand the challenges plaintiffs face when dealing with a personal injury case. From medical bills to daily living expenses, the financial strain can be overwhelming. That’s why we make it simple to qualify for a pre-settlement cash advance, providing fast and easy access to funds.

The process is straightforward. After filling out an online application, you’ll provide basic information about your case and your attorney’s contact details. Our team will then work with your attorney to evaluate the merits of your case. If there is a strong chance of a favorable settlement, we’ll approve your application and provide cash via check or wire transfer—usually within a couple of days.

No need for credit checks or bank visits. Your credit score doesn’t impact your application, making it easier for you to get the funds you need when you need them most.

Repayment is Flexible

Once you receive your pre-settlement funding, you can use it to cover urgent expenses like medical bills, rent, mortgage payments, groceries, and more. However, pre-settlement funds cannot be used to cover legal fees.

Repayment terms vary based on the funding agreement you sign. In most cases, you’ll repay the amount from your settlement once your case is resolved. There’s no need to worry about monthly installments if your funding is structured as a cash advance. Repayment typically happens only when your settlement or judgment comes through.

Potential Drawbacks to Consider

While pre-settlement funding offers a lifeline during tough times, it’s essential to be aware of the associated fees and interest rates. Some critics argue that certain companies charge high rates, making it crucial for you to compare providers and understand the terms before signing a funding agreement. Make sure to ask how fees are calculated, as personal injury cases can take months or even years to resolve.

What Happens If Your Settlement Isn’t Enough?

In many cases, pre-settlement funding is advertised as a “non-recourse” transaction, meaning you won’t owe anything if you lose your case. But what if your settlement isn’t enough to cover the full amount of the advance and fees? In this case, the provider may take the remaining balance after your attorney fees and medical reimbursements. At PrimeCare Network, we’re committed to working with you to find a fair solution, even if your settlement is less than expected.

Is Pre-Settlement Funding Right for You?

Pre-settlement funding can provide vital financial support during personal injury litigation, but it’s not the right choice for everyone. Before applying, consider traditional loans or lines of credit from a bank or credit union. You might also explore borrowing from family or friends or checking with your insurance provider to see if they can cover some of your costs.

If none of these options work, a pre-settlement cash advance may be the perfect solution to ease your financial burden while your case is ongoing.

Legal Funding is Available for Many Types of Personal Injury Cases

Pre-settlement funding is available for a wide range of personal injury lawsuits, including car accidents, slip and fall cases, workplace injuries, medical malpractice, defective products, and more. As long as your case has significant value and a strong chance of success, you are likely to qualify for funding.

Most personal injury cases are settled out of court, which can save plaintiffs from the expense of going to trial. However, this process takes time, and many accident victims feel pressured to accept low settlement offers just to cover their immediate expenses. A pre-settlement advance can give your attorney the time they need to negotiate a fair settlement, reducing the stress on you during this critical time.

Regulation of Pre-Settlement Funding

Although some states have banned legal funding, others require companies to register or obtain licenses to operate. Lawsuit funding providers like PrimeCare Network follow best practices, ensuring transparency in all agreements.

Before entering into a funding contract, it’s essential to review the terms carefully. Legal funding providers must disclose the total amount you’ll receive, any fees attached, and your right to rescind the agreement within five days. At PrimeCare Network, we take pride in our commitment to helping accident victims get the financial relief they need with clear and honest terms.

Get Your Pre-Settlement Cash Advance Today!

If you’re struggling financially during a personal injury lawsuit, PrimeCare Network can help. Apply for a pre-settlement cash advance today and get the funds you need to cover your expenses while your case is pending.

Call 888-474-8473 or apply now at https://www.primecarentwk.com/apply-now.

Disclaimer: PrimeCare Network provides pre-settlement funding, also known as consumer litigation funding, to its customers through different products depending on their state of residence or cause of action. Many consumers will be provided pre-settlement funding in the form of a purchase agreement, which assigns a portion of the pending proceeds from their legal claim. Other consumers, such as those in SC and CO, will be offered funding in the form of a pre-settlement loan, sometimes referred to as a lawsuit loan. These transactions have important differences, and consumers should carefully review and be aware of the type of transaction offered to them by any funding company.