Pre-Settlement Cash Advance: A Financial Lifeline for Missouri Plaintiffs
When you're caught in the throes of a personal injury lawsuit, waiting for a settlement can feel like an uphill battle.
Financial challenges can pile up, especially if you're unable to work or facing mounting medical bills. That's where pre-settlement cash advances come into play. Sometimes referred to as "lawsuit loans" (though technically not loans), these advances can provide you with the funds needed to cover your expenses while you wait for your case to resolve.
At PrimeCare Network, we understand that life doesn’t pause for legal proceedings. Our pre-settlement cash advance service is designed to give you the financial breathing room you need. Here’s everything you should know about this option, how it works, and how it could benefit you during your case.
What Is Pre-Settlement Funding?
Pre-settlement funding is a non-recourse financial agreement where a portion of your expected settlement is advanced to you before your case concludes. Unlike traditional loans, pre-settlement funding does not involve monthly payments, interest rates, or credit checks. If your case doesn’t result in a settlement or award, you owe nothing.
Key Benefits of Pre-Settlement Funding:
- No Credit Check: Your credit history doesn’t affect your eligibility.
- No Risk of Default: You only repay if you win or settle your case.
- Quick Approval: Get approved and receive your funds in as little as 24-48 hours.
Who Can Benefit From Pre-Settlement Cash Advances?
Pre-settlement funding is a lifeline for plaintiffs facing financial struggles during their legal journey. If you’ve lost income due to an injury or are struggling with daily expenses, this option could be for you.
Consider the case of Sam, a Kansas City resident injured in a car accident caused by another driver. Sam’s injuries prevent her from working, and her savings are depleting as she pays for legal representation and essential living costs. With bills piling up, Sam turns to pre-settlement funding. The cash advance helps her cover rent, groceries, and other daily expenses without the stress of monthly loan repayments.
Common Cases That Qualify for Pre-Settlement Funding in Missouri:
- Auto Accidents
- Slip and Fall Incidents
- Workplace Injuries (Including Workers' Compensation)
- Medical Malpractice
- Wrongful Death
How Pre-Settlement Funding Works in Missouri
Applying for a pre-settlement cash advance through PrimeCare Network is straightforward. Here’s a step-by-step breakdown of the process:
1. Application
Start by discussing pre-settlement funding with your attorney. Once you’ve decided to move forward, complete our simple online application. Be prepared to provide case-related documents like:
- Medical records
- Incident reports
- Insurance communications
Your attorney’s contact information is also essential, as we’ll coordinate with them to evaluate your case.
2. Case Evaluation
After submitting your application, we’ll review the details of your lawsuit. Our team will assess factors like:
- Strength of your case
- Likelihood of a favorable settlement
- Severity of your injuries or property damage
- Insurance coverage of the at-fault party
3. Approval
Once your case is reviewed and approved, we’ll determine the amount of funding you’re eligible to receive. Approval typically takes 24-48 hours, depending on the complexity of your case.
4. Disbursement of Funds
After approval, you’ll receive your funds through your preferred payment method: direct deposit, wire transfer, or check. Use these funds to cover essential expenses such as rent, medical bills, groceries, and utilities.
Why Choose Pre-Settlement Funding?
Provides Financial Stability
Lawsuits can take months or even years to settle. Pre-settlement funding ensures you can meet your financial obligations during this time, allowing you to focus on recovery and your case.
Empowers You in Negotiations
Defendants and insurance companies often try to drag out negotiations, hoping you’ll settle for less out of financial desperation. A pre-settlement cash advance gives you the financial flexibility to hold out for a fair and just settlement.
Levels the Playing Field
Defendants in personal injury cases often have the resources to hire top-tier legal representation. Pre-settlement funding allows you to afford the same level of legal support without compromising your financial well-being.
What Can Pre-Settlement Funding Be Used For?
Funds from a pre-settlement cash advance can be used for any necessary expenses, including but not limited to:
- Rent or Mortgage Payments
- Utilities
- Transportation Costs
- Medical Expenses
- Groceries and Childcare
Important Considerations and Limitations
While pre-settlement funding offers numerous advantages, it’s important to understand the terms of the agreement. Funding amounts are determined based on your expected settlement, and you may only receive a portion of your total expected payout. Additionally, while you can apply for multiple rounds of funding if your case drags on, each application will be subject to a new evaluation.
How to Apply for Pre-Settlement Funding
Getting started is easy. If you’re a Missouri resident involved in a personal injury lawsuit and need financial assistance, apply today through PrimeCare Network.
Call 888-474-8473 or Apply Now to secure the financial help you need. PrimeCare Network provides pre-settlement funding to its customers based on their state of residence or cause of action. Depending on your location, pre-settlement funding may be offered as a purchase agreement or a loan. Carefully review the terms of any pre-settlement funding agreement to ensure it meets your needs.
