Victims awaiting the outcome of a pending lawsuit can qualify for settlement financing from an approved lender like Baric Enterprises. An advance settlement is a way to receive funding quickly for temporary relief of bills and expenses until a settlement payment is received.
Settlement financing covers personal injury, car accidents, medical malpractice, and more. If you have a pending settlement, check with an approved lender to see whether you can qualify for instant cash.
While your case is pending, you can start looking for settlement financing. A lender may request information about your case or a discussion with your attorney to see how likely you will win. An advance settlement is a quick way to get cash. Some lenders even offer same-day approval.
Fundamentals of Funding
Pre-settlement funding is a cash advance on the pending compensation from a lawsuit claim. If you need money today before your pending case, pre-settlement funding provides you with that option to cover any expenses. To get pre-settlement funding, you will need to find a reliable and approved lender to help you.
The company or lender that provides you with the cash advance will ask for some information about yourself and your pending cash to confirm your qualifications. Whether you will get a cash advance relies on the potential of you winning your lawsuit.
Settlement lending is a financial tool available to victims for immediate cash advances. If you seek financial compensation for any type of physical injury or civil case due to accident or injury-related losses, you can qualify.
The strength of your legal claim will only increase your chances to qualify for pre-settlement funding, so it is best to provide all necessary documentation when necessary. At Baric Enterprises, the entire application process is risk-free and fast. The goal is to help accident victims get the help they need quickly.
What Are Pre Settlement Loans?
Settlement loans are cash advance settlement loans for victims seeking financial compensation in a legal lawsuit case. It is not like a traditional loan that a borrower can get at any time. Instead, this is financing that is available to victims in a civil lawsuit case.
As a borrower, you can only get settlement funding while the case is pending. It is a cash advance made against your pending lawsuit. The lender is betting on you winning your lawsuit and receiving a settlement.
While you await payment from your pending lawsuit, a settlement loan will provide temporary relief to any financial woes.
What Can Settlement Loans Be Used For?
A settlement loan can be used financially for anything you need to pay for. The most common need for a cash settlement loan is to pay pending medical bills or living expenses that you cannot afford right now. This loan, while waiting on a settlement, provides temporary relief until you can settle in court.
What Types of Lawsuits Qualify for Funding?
You can qualify for a settlement loan by consulting with a lender and presenting the facts of your case. The approval process is fast, so be as detailed as possible. Settlement loans are for people who have pending claims that have a higher probability of winning.
You can get a loan on a settlement for cases like:
- Personal injury case
- Car accident case
- Workplace accident case
- Slip and fall with an injury case
- Medical malpractice case
- Defective product liability case
- Wrongful death case
The lender will look into your case and see whether you will qualify for the settlement loan. Approval is quick, and the entire process only takes up to two days. The lender will most likely contact your attorney or law firm to discuss the case and confirm any details in question.
How Can I Get Approved for a Pre Settlement Loan?
The process to get approval for a settlement loan is straightforward. The first step is hiring your lawyer and filing your lawsuit. This is the most important part as your lawyer must build a strong case and put you in a position to win your pending case. The stronger your claim, the more likely you will be approved for a cash advance settlement loan.
After you finish filing your claim, you will need to find reputable settlement financing like at Baric Enterprises. A pre-settlement funding company will help you every step of the way and answer any questions you have. You can apply for your cash advance online or call us directly to discuss available options.
After the application is finished, you will receive approval within 24 hours. There are no credit checks, income verification processes, or employment confirmations. The decision is made based on your pending lawsuit claim. If you are approved, it will happen within 24 hours.
Once you receive approval, you choose how you would like to receive the cash advance, and it will be sent out to you within two hours.
How Much of a Cash Advance Can I Get?
There is hardly a limit on how big of a cash advance you can get. It can be as little as $500 to cover some short-term expenses or over $100,000 if your pending case is that big.
The decision for cash advance size is made based on the lawsuit claim. Lenders can give more significant financing for larger lawsuits. If you are expected to settle in court for $50,000 or more, then you will receive much more borrowing power than smaller cases.
Each case has many specifics that will impact the loan size, so if you have any questions, don’t hesitate to ask. It is essential to provide all correct information to give you accurate estimates of what is available to you.
Will I Have to Pay Back My Settlement Loan?
The outcome of your case will determine if you have to pay it back. If you win your case, you need to pay back the total amount of the loan plus the agreed interest rate on the loan. Be sure to review your loan contract before taking the money. You can shop around from multiple lending companies to find the lowest interest rate too.
What if I Lose My Lawsuit?
Settlement loans are a risk-free option because lenders do not require you to pay the loan back if you lose your lawsuit. The lender takes on the risk in this situation in the event you are unsuccessful in your claim. The loan becomes your money now and does not need to be paid back.
Another helpful thing that lenders do is decrease the amount you owe if your lawsuit claim settles for less than estimated. For example, you receive a $20,000 loan, but your lawsuit claim dropped significantly, and you only received $10,000. Your lender will help you in this situation and decrease the amount owed on the loan to $10,000 or less.
Does My Attorney Need to Be Involved in the Process?
Yes, we will be in touch with your attorney. We do not require much of their time but an initial contact to discuss the case’s specifics is necessary to move you through the approval process.
Be sure to provide all accurate contact information for the law firm you are consulting with for your case. If we cannot contact your attorney, it will be challenging to give you approval quickly.
What States Allow Settlement Loans?
In the United States, settlement loans are allowed in all 50 states. There may be different specific regulations by states like borrowing or lending limits, but they can be obtained everywhere.
The popularity of case settlement loans has grown recently because of how helpful they can be to case victims. Lenders are evolving with a way to provide settlement financing for those in need more efficiently.
If you are not sure about the regulations in your state, Baric Enterprises has a team of experts ready to answer any questions you have. Please contact us to discuss the states we cover and the specific rules in place for your state.
How Can I Receive a Loan for My Case?
Loans for settlements are sent in a few different ways. As the borrower, you have the choice between a bank transfer, a money wire transfer, or a mailed check to receive the cash advance. Choose the most convenient option for you and let us know. We will make it happen!
Lending companies can be challenging to work with and require too much information. This makes the process difficult for the borrower and delays their ability to receive a cash advance. Not here. At Baric Enterprises, we have created a quick procedure with approval happening in under two days.