Pre-Settlement Fundings vs Same-Day Accident Loan

PrimeCare Network Medical Care Financing News January 10, 2025

Pre-settlement funding, sometimes referred to as an accident loan, provides immediate financial relief for individuals involved in personal injury lawsuits, helping them cover urgent expenses while waiting for their case to settle.

This type of pre-settlement funding allows you to access a portion of your expected compensation upfront, offering quick support during what can often be a long and stressful legal process. Whether you’re dealing with the aftermath of a car accident, slip and fall, construction negligence, or other personal injury, pre-settlement fundings can help ease the financial strain and give you the breathing room you need to prioritize your recovery.

What Is Pre-Settlement Funding for Accident Lawsuits?

Pre-settlement funding for personal injury lawsuits offers a valuable alternative to a loan. Unlike loans, repayment is only required if your case results in a successful settlement, providing crucial peace of mind for plaintiffs managing medical bills and other financial challenges during the legal process.

Who Qualifies for Accident Pre-Settlement Funding?

Are you wondering if pre-settlement funding is an option for your personal injury case? You’re not alone. Whether you’ve been involved in a workplace injury lawsuit, construction negligence lawsuit, or any other type of accident, dealing with the financial aftermath while waiting for a settlement can be overwhelming.

Injury-related expenses—such as medical bills, lost wages, and essential daily costs—often pile up quickly. Pre-settlement funding can provide a much-needed financial cushion while you wait for your case to be resolved. Unlike traditional bank loans, it doesn’t involve a lengthy application process. Instead, it offers quick access to funds, allowing you to cover immediate costs without the added stress of financial uncertainty during the legal process.

How Pre-Settlement Funding Works for Personal Injury Accidents

Pre-settlement funding offers a simple and efficient way to access the funds you need during a personal injury lawsuit. The process starts with an easy application—no complicated paperwork like you’d find with a conventional loan. Once submitted, approval and funding happen quickly, providing you with the financial support you need during what can often be a lengthy legal process.

What sets pre-settlement funding apart is its unique repayment structure. Since it’s non-recourse, you only repay the funds if you win your case, meaning there’s no pressure to pay back the money if your case doesn’t end in a favorable outcome. This gives you the flexibility and peace of mind to focus on your recovery without the added stress of looming repayment deadlines.

Have you been involved in an auto accident or workers’ comp claim and need help with pre-settlement funding? Primecare is here to help!

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Car Accidents

Car accidents refer to incidents where vehicles collide, causing injuries to drivers, passengers, pedestrians, or cyclists. These accidents can be caused by various contributing factors, including driver negligence, weather conditions, mechanical failure, or road hazards.

Car accidents are among the most common causes of personal injury lawsuits, and they can have a major financial impact on victims. Whether you’re dealing with significant medical bills, car repairs, or the loss of income due to your injuries, the financial strain can be overwhelming. Pre-settlement funding for car accidents, sometimes mistakenly called car accident loans, allows you to access the compensation you’re entitled to without waiting for the legal process to unfold. This financial assistance can help cover everything from medical expenses to daily living costs until your case reaches a resolution.

Injuries resulting from car accidents can vary in severity but often include:

Whiplash
Broken bones
Head injuries
Internal injuries
Soft tissue injuries
Spinal cord injuries
Cuts, bruises, and lacerations

To support your car accident claim, you’ll need to gather the following documents and evidence:

Police report (documenting the accident)
Medical records (evidence of treatment, diagnoses, and injuries)
Witness statements (eyewitness accounts of the accident)
Insurance information (from all parties involved)
Photographs (of the accident scene, damages, and injuries)
Repair bills (if vehicle damage occurred)
Property damage estimates
Proof of loss of income
Documented communication

Worker’s Compensation

Worker’s compensation provides financial assistance and medical benefits to employees who suffer injuries or illnesses due to their job duties. It covers a range of workplace injuries, from accidents to illnesses caused by working conditions.

Workplace injuries are another area where pre-settlement funding can be beneficial. Worker’s compensation claims are designed to provide financial support for employees who get injured on the job, but the claims process can often be slow and complicated. Pre-settlement funding for workplace injuries, also referred to as workers comp loans, can provide a financial cushion while you wait for the claim to go through, especially if you’re dealing with unpaid medical bills or lost wages. By securing pre-settlement funding, you can ease the burden of these expenses and focus on your recovery.

Workplace injuries can range from mild to severe, with some of the most common including:

Repetitive stress injuries
Slips, trips, and falls
Back and neck injuries
Burns or chemical exposure
Machinery accidents
Fall from heights

For a successful worker’s compensation claim, collect the following:

Incident report (filed with your employer)
Medical records (showing diagnosis and treatment)
Witness statements
Photos of injuries (if applicable)
Pay stubs or proof of earnings (to document lost wages)
Employer’s safety records (to prove negligence or unsafe conditions, if applicable)

Primecare only provides funding for Workers’ Compensation cases in Illinois, Missouri, New Mexico, Ohio, and South Carolina.

Premises Negligence (Slip & Fall)

Premises negligence occurs when a property owner or manager fails to maintain safe conditions on their property, leading to an accident, such as a slip or fall. These accidents can happen in public spaces like stores, restaurants, or private homes due to hazards like wet floors, uneven surfaces, or inadequate lighting.

If you’ve been injured due to unsafe conditions on someone else’s property, whether it’s a slip and fall at a grocery store or a trip at a poorly maintained public space, you may have grounds for a premises negligence claim and qualify for slip and fall pre-settlement funding. However, these cases often take time to settle as property owners or insurance companies may attempt to delay or dispute responsibility.

Pre-settlement funding can help you get the financial relief you need while waiting for your lawsuit to be resolved. It can cover things like medical bills, lost wages, and other immediate expenses, giving you some peace of mind during a stressful period.

Injuries from slip and fall accidents are often painful and can include:

Sprains and strains
Fractures
Head injuries
Back and spinal injuries
Cuts and bruises
Knee injuries

To build a successful premises negligence case, gather the following:

Incident report (filed with the property owner or manager)
Photographs (of the hazard that caused the fall and the area surrounding it)
Medical records (showing treatment for injuries)
Witness statements
Surveillance footage (if available)
Maintenance records (to prove the property owner’s negligence)

Workplace Negligence

Workplace negligence refers to a situation where an employer fails to provide a safe working environment, resulting in injury. This can involve unsafe equipment, inadequate training, lack of proper safety measures, or failure to address hazards in the workplace.

When an employer fails to provide a safe working environment or violates regulations that protect employees, workers can file a lawsuit under workplace negligence. Because workplace negligence cases can be complex and often involve multiple parties, they can take time to settle. Pre-settlement funding can help you manage your expenses, including medical bills and any lost wages, while you wait for your case to resolve.

Common injuries from workplace negligence include:

Lacerations
Burns
Respiratory issues (due to inadequate ventilation or exposure to toxic substances)
Fractures and sprains
Electrocution
Crush injuries

To strengthen your workplace negligence claim, gather the following:

Incident report (filed with the employer or HR)
Medical records (documenting the injuries and treatment)
Photos of injuries (if applicable)
Safety violation reports (evidence of workplace hazards)
Witness statements
Employer safety records (proving the employer’s failure to provide proper safety measures)

Construction Negligence

Construction negligence refers to accidents or injuries that occur on or near construction sites due to negligence, whether by contractors, subcontractors, property owners, or other parties responsible for safety on site. These accidents can involve faulty equipment, unsafe work practices, or failure to comply with safety regulations.

Construction accident cases are often complex and may involve multiple legal entities. As a result, settlements can take months or even years to reach a resolution. Pre-settlement funding provides an essential lifeline for individuals involved in construction negligence lawsuits. It can help cover everything from medical expenses to living costs, so you don’t have to worry about financial stability while waiting for your case to settle.

Construction site accidents often lead to severe injuries, such as:

Falls from heights
Crushing injuries
Broken bones
Head injuries
Lacerations or amputations
Electrocution

To support your construction negligence case, collect:

Accident report (filed on-site or with your employer)
Photos of the site (showing hazards or unsafe conditions)
Medical records (for the diagnosis and treatment of injuries)
Witness statements
Safety inspection reports (demonstrating a lack of safety measures)
Construction contracts or job site regulations (to prove negligence)

No matter the type of accident, pre-settlement funding can provide crucial support during the legal journey. Whether you’re dealing with a car accident, workplace injury, or a slip and fall incident, these fundings can help alleviate the financial strain, allowing you to focus on recovery rather than financial pressures.

The Pre-Settlement Funding Process

The entire process of pre-settlement funding is quick and easy. It consists of the following steps:

1. Applying for Pre-Settlement Funding

To be eligible for pre-settlement funding, you need to be a personal injury accident victim with an active legal claim and have legal representation. If you meet these criteria, you can submit an application directly through a funding company’s website. Approval typically hinges on the strength of your case, with key factors like the potential value of your settlement playing a significant role in the decision-making process. It is also important to first discuss with your attorney whether pre-settlement funding is appropriate for you and your case.

2. Case Evaluation

The funding company will review the specifics of your case and consult with your attorney to assess your eligibility and the potential amount of funding you may receive. Ideally, their evaluation will determine that your case is strong, holds significant value, and has a high likelihood of a successful resolution.

3. Funding Approval

Application approvals are processed quickly. Primecare Financial takes pride in its fast evaluations, with most decisions made within 24 to 48 hours.

4. Pre-Settlement Funding Agreement

Once an application is approved, the final step before disbursing funds is for Primecare Financial to secure signatures from both the plaintiff and their attorney. This pre-settlement funding agreement outlines the terms, conditions, payment schedule, and rates. Once the documents are signed and everything is in order, the funds are released.

5. Pre-Settlement Funding Process

Primecare Financial frequently offers same-day pre-settlement funding, with the funds typically delivered via Western Union, direct deposit or check.

How Pre-Settlement Funding Can Help You Cover Essential Costs

Once you receive pre-settlement funding, you can use it to address various financial needs, including:

Basic living costs like rent or mortgage, utilities, groceries, and other daily expenses.
Medical expenses related to your case.
Travel expenses for medical appointments, court hearings, and other necessary trips.
Childcare
Paying off bills or credit card debts that have piled up during the wait for your settlement.
Emergency costs such as urgent medical needs or unexpected financial burdens.
Daily essentials like clothing and toiletries.

Is There a Pre-settlement Limit?

Primecare Financial determines pre-settlement funding limits based on a range of factors related to both the case and the plaintiff, including:

Likelihood of success in the case
Expected timeline for case resolution
Anticipated settlement value
Severity of the plaintiff’s injuries
Estimated legal fees and associated court costs
Current and future income loss
Insurance coverage available
Present and future medical expenses
Previous funding received, if any

Can I Get More Than One Pre-Settlement Funding Disbursement?

In some cases, it’s possible to secure multiple pre-settlement disbursements, although this can vary based on the specifics of the case. Additional funding may be requested for reasons like:

Misjudging your financial requirements
Prolonged case resolution
Increased loss of wages
Unforeseen medical costs

Pre-Settlement Funding FAQs

What are the Risks of Pre-Settlement Funding?

Pre-settlement funding is non-recourse debt, meaning you aren’t responsible for repaying if your case doesn’t win. This makes your financial risk very low.

Non-Recourse

Non-recourse means you don’t owe anything if your lawsuit doesn’t yield a settlement.

What Is the Probability of Defaulting?

You aren’t at risk of default since Primecare only collects fees if your case wins.

Choosing the Right Pre-Settlement Funding Company

When selecting a pre-settlement funding company, it’s essential to find one that offers clear terms, a straightforward process, and quick approval.

Why Choose Primecare Financial?

With over 25 years of experience, Primecare Financial has supported more than 350,000 individuals and families in securing the financial help they need. We are recognized for our simple application process, top-notch customer service, and high approval rates.

Does Primecare Service Your State?

Primecare provides car accident pre-settlement funding in the following states: Alabama, Alaska, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming

Work with Primecare Financial

At Primecare Financial, we offer a simple application process with no upfront fees. To begin, reach out to one of our customer service representatives.