Pre-Settlement Cash Advances: Financial Relief When You Need It Most
If you’re struggling financially while waiting for your personal injury lawsuit to settle, PrimeCare Network offers a practical solution: pre-settlement cash advances.
What Is Pre-Settlement Cash Advance?
Pre-settlement funding is not always a loan. In many cases, it’s a purchase agreement where a portion of your potential lawsuit proceeds is assigned to the funding company in exchange for cash upfront. However, depending on the state or type of case, the cash advance may be structured as a loan with disclosed interest. Regardless of the structure, you receive funds quickly to manage daily expenses while awaiting the resolution of your case.
The advantage? You don’t need to make monthly payments. Repayment is deducted directly from your final settlement or award once your case is resolved.
Who Benefits from Pre-Settlement Advances?
A pre-settlement advance can provide critical relief for individuals involved in personal injury lawsuits who are struggling financially. You may qualify if:
- An attorney represents you in your case.
- Financial hardship prevents you from covering basic living expenses due to your injury.
- Your case is likely to succeed and may take time to resolve.
Pre-settlement funding offers a lifeline, allowing plaintiffs to avoid lowball settlement offers from insurance companies and focus on healing.
How Does It Work?
Applying for pre-settlement cash is simple and doesn’t require a credit check. Instead, funding companies assess the strength of your case by working closely with your attorney. They evaluate:
- Case strength and potential value
- Estimated time to settlement
- Likelihood of a favorable outcome
Once approved, you can typically receive funds within 24 to 48 hours.
How Much Can You Get?
Funding companies provide up to 10% of the estimated value of your case. For example:
- If your case is valued at $100,000, you could receive $10,000.
- A case worth $250,000 might result in a $25,000 cash advance.
These companies take on the risk, meaning you only owe if your case settles successfully.
When Should You Consider Pre-Settlement Funding?
While pre-settlement funding provides fast relief, it’s essential to explore other financial options first:
- Personal savings
- Help from friends or family
- Bank loans or lines of credit
- Credit cards
Since pre-settlement funding can carry fees, it’s best used as a last resort when other avenues are unavailable.
How Can You Use the Funds?
There are no strict restrictions on how you spend the cash advance. Most plaintiffs use it to cover essential living expenses, including:
- Rent or mortgage payments
- Groceries and utilities
- Medical bills and rehabilitation costs
You can also fund additional legal expenses to strengthen your case if necessary.
Attorney Involvement and Approval
Your attorney plays a crucial role in the process by:
- Providing case details to the funding company.
- Reviewing the funding contract to ensure transparency and fairness.
- Ensuring that repayment is deducted from the settlement once it’s awarded.
Is It Nonrecourse Financing?
Many pre-settlement advances are nonrecourse financing, meaning you don’t owe anything if your case doesn’t settle in your favor. However, if your final settlement amount is lower than expected, some funds may need to be allocated to pay off attorney fees or medical liens first.
Pre-Settlement vs. Post-Settlement Funding
While pre-settlement funding helps plaintiffs before a case resolves, post-settlement funding provides cash after a settlement has been reached but is still being processed. This can be a useful option if delays arise between the settlement and actual payment.
Why Choose PrimeCare Network?
We understand the financial pressure a pending lawsuit can create. With PrimeCare Network, you’ll experience:
- Quick access to cash—typically within 48 hours
- No credit checks or monthly payments
- Support for a wide range of personal injury cases, including:
- Car accidents
- Slip-and-fall injuries
- Medical malpractice
- Workers' compensation claims
- Nursing home neglect and wrongful death cases
Take Control of Your Future Today
If you’re involved in a personal injury lawsuit and need financial relief, PrimeCare Network is here to help. Get the cash you need without compromising your case.
📞 Call 888-474-8473 | Apply Now
PrimeCare Network provides pre-settlement funding, also known as consumer litigation funding, through different products depending on state regulations and the nature of the legal claim. In some states, pre-settlement funding is offered through a purchase agreement, assigning a portion of pending proceeds. In other states, including South Carolina and Colorado, the product may be structured as a pre-settlement loan, often referred to as a lawsuit loan. These transactions differ significantly, so review all terms carefully with your attorney to understand what you’re accepting.Let PrimeCare Network ease your financial burden while you fight for justice. Call 888-474-8473 today or Apply Now.