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Frequently Asked Questions

What is pre-settlement funding?

Pre-settlement funding, also known as lawsuit funding or settlement funding, is a financial service that provides cash advances to plaintiffs involved in pending legal cases. It allows plaintiffs to access a portion of their potential settlement before the case is resolved.

How does pre-settlement funding work?

Pre-settlement funding works by evaluating the merits of your case and assessing the likelihood of a successful settlement. If approved, you receive a cash advance, which is repaid from the settlement amount once your case is resolved.

Who is eligible for pre-settlement funding?

Eligibility for pre-settlement funding is typically based on the strength of your case. We can consider factors such as liability, damages, and the likelihood of a successful outcome.

What types of cases qualify for pre-settlement funding?

Pre-settlement funding is available for various types of cases, including personal injury, motor vehicle accident, slip and fall, medical malpractice, product liability, premises liability, wrongful death, and wrongful imprisonment, among others.

How much funding can I receive?

The amount of funding you can receive depends on the details of your case. We typically offer a percentage of the estimated settlement value, which can vary based on the circumstances of your case. Funding amounts range from $500 – $500,000 or more.

Is pre-settlement funding a loan?

No, pre-settlement funding is not a traditional loan. It is a non-recourse cash advance, meaning you only repay the funding if you win your case. If you lose, you generally do not have to repay the advance.

Do I need good credit to qualify for pre-settlement funding?

No, pre-settlement funding is primarily based on the strength of your case, not your credit history. We do not perform credit checks or require collateral.

How long does it take to receive funding?

The time it takes to receive funding can vary depending on the complexity of your case and how long it takes to receive the documents from your attorney but typically the process takes less than 24 hours.

What are the fees associated with pre-settlement funding?

Prosperity Claims provides the most competitive fee structure in the industry, give us a call today to discuss 855.804.FUND.

What happens if I lose my case?

If you lose your case, you typically do not have to repay the funding. Since pre-settlement funding is non-recourse, the risk is generally borne by our company.

Can I use the funding for any purpose?

Yes, once you receive the funding, you can use it for any purpose you deem necessary. Whether it’s covering medical expenses, legal fees, or everyday living costs, the choice is yours.

Is my attorney involved in the funding process?

While your attorney is not directly involved in the funding process, they are required to provide certain case-related documents and cooperate with the funding company to facilitate the funding process.

How is the funding amount determined?

The funding amount is typically determined by evaluating the estimated value of your settlement. Funding companies assess factors such as the severity of your injuries, liability, and potential damages.

Will the funding company contact my attorney?

Yes, funding companies often communicate with your attorney to gather necessary case
information and discuss the funding arrangement. This collaboration ensures a smooth process and protects the interests of all parties involved.