When is a Lawsuit Loan Appropriate?
Pre-settlement funding is appropriate for those who:
- Sustain injuries serious enough to impact their lives in that they cannot work
- Are faced with reduced income due to time spent in court or for medical treatment or rehabilitation
- Have substantial costs associated with disability or medical care
Litigation in these types of cases can take months, and in rare cases even years to settle. In the meantime, the injured litigant must have sufficient money to live – to pay bills, medical expenses, buy groceries, etc. For some, it simply isn’t an option to wait for the lawsuit to end in order to get money to survive. This is when lawsuit loans can be very beneficial.
How long does it take?
Basically, your attorney will provide Blue Fire Funding with information regarding your case: police report or incident report, medical records and insurance information, etc. As soon as we get this information, our underwriters review and approve within hours. This information is used by funding companies to determine if the case is strong enough to get cash, now. Credit score, employment status and other factors do not come into play when deciding whether you’re eligible.
If approved, you will be advanced a percentage of your expected settlement. In most cases, you will get the advance quickly, within 24 hours or even the same day.
How can you use the money from pre-settlement funding?
At Blue Fire Funding , our main priority is to help you avoid financial disaster while fighting for the full damages you deserve from those who were negligent. You can use the funds as you see fit. You are able to pay what needs to be paid, such as:
- Utilities and other household expenses
- Rent
- Medical bills
- Even purchase groceries and/or repair your vehicle
At Blue Fire Funding, we help you to get your cash – just earlier. You are entitled to a good settlement so you don’t need to settle early for a lesser amount. Speak to your attorney regarding the potential for case funding, or contact us any time to learn more.