FAQs
General Questions
What is pre-settlement funding?
Pre-settlement funding is a cash advance provided to plaintiffs in personal injury lawsuits before their cases are settled. It’s designed to help cover essential expenses while you wait for a fair settlement. This is not a traditional loan; you repay it only if you win your case.
Who is eligible for pre-settlement funding?
To qualify, you must have an active personal injury case and be working with an attorney. Credit score is not a factor—approval is based solely on the details of your case.
Is pre-settlement funding available in every state?
While we operate in most states, we currently cannot provide pre-settlement funding to residents of Arkansas, Connecticut, Kansas, Kentucky, Maryland, Montana, North Carolina, North Dakota, or West Virginia.
Application Process
How do I apply for funding?
The process is quick and easy! Simply fill out our online application form or call us toll-free. We’ll reach out to your attorney to discuss the details of your case.
How long does the application process take?
You can complete the application in as little as three minutes. Once we receive the necessary information, you may be approved within 24 hours.
Will applying for pre-settlement funding impact my credit score?
No. We do not perform credit checks as part of the application process, so your credit score is not affected.
Approval and Funding
How soon can I receive my funds?
Once you’re approved and have signed your funding agreement, you can receive your funds in as little as 24 hours.
How much can I borrow?
You can receive anywhere from $500 to $100,000, depending on the specifics of your case and expected settlement amount.
How will I receive my funds?
You can choose to receive your funds through a same-day bank transfer, Western Union, or a mailed check. We offer flexible options for your convenience.
Repayment
How do I repay the funding?
You repay the funding amount plus any applicable fees directly from your settlement once your case is resolved. If you lose your case, you owe us nothing.
What happens if I lose my case?
If your case does not result in a settlement, you are not required to pay back the funds. This is a risk-free advance that is contingent upon a favorable case outcome.
Using Your Funds
Can I use the funds for anything I want?
Yes! Many clients use pre-settlement funding to cover medical bills, rent, mortgage payments, utilities, or other essential expenses while waiting for a settlement.
Will you pay for specific expenses, like surgery or medical procedures?
Yes, you can use pre-settlement funding to pay for necessary medical treatments or procedures. It’s your money to use as needed while your case is pending.
Can I get additional funding if my case takes longer than expected?
Yes. If your case is taking longer than anticipated and you require further assistance, you can apply for additional funding. Approval for additional funds will depend on the progress and value of your case.
Legal and Attorney Questions
Should I inform my attorney about applying for pre-settlement funding?
Yes, it’s essential to keep your attorney informed. We will work closely with your attorney to ensure a seamless process and to discuss the specifics of your case.
Will this funding affect the outcome of my case?
No, pre-settlement funding does not impact the outcome of your case. It is intended solely to provide financial support while your case progresses, allowing your attorney more time to negotiate a fair settlement.
Why does Prestige Capital Legal Funding need to work with my attorney?
We collaborate with your attorney to verify case details and ensure your claim meets our funding criteria. This allows us to assess your case’s potential value accurately and provide the right level of support.
Cost and Fees
Are there any application fees or hidden costs?
No. There are no application fees, and you will never encounter any hidden charges. You are only required to repay the funding amount and any applicable fees if you win your case.
How is the fee structure determined?
Fees vary based on the details of your case, the amount funded, and the duration of your case. All fees will be clearly outlined in your agreement before you accept the funding.
Do interest rates apply to pre-settlement funding?
In some states, pre-settlement funding is structured as a loan with interest. In other states, it is structured as a fee-based advance. We will inform you of any applicable fees or interest as part of your agreement.
Other Frequently Asked Questions
I don’t have a strong credit history. Can I still apply?
Absolutely. Your credit history is not a factor in our approval process. We base our decision solely on the strength of your case.
What are some common case types you fund?
We offer funding for various personal injury cases, including auto accidents, slip and fall incidents, workplace injuries, and more. If you’re unsure if your case qualifies, reach out to us for guidance.
Can I reapply if I am initially denied funding?
Yes. If your case progresses or new information becomes available, you may be eligible to reapply. Feel free to contact us if your circumstances change.
Is pre-settlement funding right for me?
If you’re struggling to cover daily expenses, medical bills, or other costs while waiting for a settlement, pre-settlement funding can be a valuable resource. It provides financial stability without the risk of personal debt or impact on your credit.
How can I get started?
Getting started is simple. Fill out our free, no-obligation application, and we’ll review your information with your attorney to determine how we can assist.