Pre-Settlement Cash Advance: A Lifeline for Your Personal Injury Clients
When representing a client in a personal injury case, one of the most pressing concerns is their financial stability while the case is pending.
It’s not uncommon for clients to feel overwhelmed by lost income and the inability to work, often pressuring their attorney to settle the lawsuit quickly. However, rushing to settle a case for less than it’s worth can be detrimental, and that’s where pre-settlement funding comes in.
How Pre-Settlement Cash Advances Help Your Clients
While a personal injury lawsuit can take months or even years to resolve, pre-settlement cash advances provide immediate financial relief for clients. This solution allows clients to pay bills, cover rent or mortgage payments, and manage daily expenses while waiting for their settlement. Unlike traditional loans, pre-settlement funding does not require immediate repayment, as it is repaid only when the case settles or a judgment is awarded. This ensures your client can maintain their financial wellbeing without the stress of a looming settlement offer that may not reflect the true value of their case.
Insurance companies are known to offer "low-ball" settlements to clients in urgent need of money, hoping to capitalize on their desperation. As their attorney, you're obligated to protect their best interests, even if that means guiding them through a more extended settlement process. By referring your client to PrimeCare Network for pre-settlement funding, they can get the financial help they need without compromising the case's value.
Who Qualifies for Pre-Settlement Funding?
To be eligible for pre-settlement funding, your client must meet two key requirements:
- They must be the plaintiff in a civil case, typically a personal injury case such as a motor vehicle accident or medical malpractice.
- They must be represented by an attorney.
The process is simple: your client can apply over the phone or online. No credit check is required, as approval is based on the merits of the case rather than the client’s credit history. Once your client applies, our team will review the details of the case and work with you to assess the likelihood of a favorable outcome. If approved, your client will receive funding quickly.
Understanding the Funding Agreement
Before your client accepts a pre-settlement advance, it’s important that they understand the funding agreement, including any applicable fees and the terms for repayment. The agreement specifies the plaintiff's obligations if the case is not resolved successfully or if the settlement does not cover the advance amount after attorney’s fees and other deductions. Full transparency is key, and PrimeCare Network ensures your client is fully informed before proceeding.
Pre-Settlement Funding in Various Legal Cases
PrimeCare Network specializes in providing pre-settlement funding to plaintiffs in a variety of legal cases, including:
- Motor vehicle accidents
- Medical malpractice
- Wrongful death
- Sexual harassment
- Discrimination
- Workplace injuries (including FELA and Maritime cases)
- Wrongful termination
We also provide funding for clients in need of medical care, offering direct cash payments or traditional medical liens for surgeries and treatments.
When Pre-Settlement Funding Might Not Be the Best Option
While pre-settlement funding can be a crucial lifeline, it's not always the best solution for every case. Before referring a client to PrimeCare Network, consider the following:
- Does your client have access to other financial options, such as personal loans or family support?
- Do you believe the case will resolve quickly or with a favorable outcome?
- Is the case strong enough to warrant funding?
If your client has alternative means of securing funding or if you expect the case to conclude quickly, it may be worth exploring other options.
Addressing Concerns About Pre-Settlement Funding
In recent years, there has been some criticism of pre-settlement funding companies, particularly regarding industry regulation. However, PrimeCare Network adheres to best practices, ensuring full disclosure of terms, fees, and repayment structures, following guidelines set forth by leading authorities in the industry. This ensures that our clients are never caught off guard by hidden fees or unfavorable terms.
The PrimeCare Network Advantage
PrimeCare Network has earned a reputation as one of the leading providers of pre-settlement funding in the country. Our streamlined process ensures quick approval and disbursement of funds directly to your client. With no paperwork required on your part and a dedicated team available around the clock, we make the process as smooth as possible.
Call to Action: Secure Your Client's Future Today
If your client needs financial relief while awaiting their settlement, a pre-settlement cash advance from PrimeCare Network might be the solution. Call us at 888-474-8473 or Apply Now to get started.
Disclaimer: The content in this blog is for informational purposes only and should not be construed as legal advice. Please consult with an attorney or financial advisor before making any decisions regarding pre-settlement funding.
