Does Pre-settlement Funding Only Cover Personal Injury Lawsuits?

by | Oct 19, 2023 | Legal Funding, Frequently Asked Questions | 0 comments

What to Know About Legal Funding for Your Lawsuit

Waiting for a settlement in a lawsuit can be excruciating. It can take months or even years for you to receive the compensation you deserve. Pre-settlement legal funding helps to bridge the gap between the incident that caused you losses and your financial recovery. If you are waiting for your case to settle but need money now, you may want to consider pre-settlement legal funding.

At Triumph Legal Funding, we make pre-settlement legal funding easy. We help individuals, and their attorneys get the money they need when they need it most. Pre-settlement legal funding is not a loan. There are no credit checks or income verification requirements, and there are no upfront fees. If you have a pending lawsuit, contact our office at (973) 362-3500 to apply today. 

What Kinds of Cases Are Eligible for Pre-settlement Legal Funding?

Many people assume that pre-settlement legal funding is solely available for personal injury lawsuits, but many other kinds of cases may be eligible. In order to determine whether your case qualifies for funding, you need to speak to an experienced legal funding lender.

Types of cases eligible for pre-settlement legal funding include but are not limited to:

In order to qualify for pre-settlement legal funding, you must have a pending case and a retained attorney. Applying for funding is easy and fast. You may receive funding in as little as 24 hours after approval. 

What Does Pre-settlement Legal Funding Cover?

Pre-settlement legal funding can be used to cover a number of expenses. Attorneys can use the funding to cover litigation costs or overhead expenses. Plaintiffs can use the funding to cover daily expenses, including their mortgage or rent. They can also use the funds for attorney fees and medical fees. 

One of the most important things to remember about pre-settlement legal funding is that it is not a loan. There are no hidden fees and no unknown costs. You pay nothing unless your case is successful and you recover compensation. The fees are paid through an agreed-upon portion of the recovery in your case. 

Why Consider Pre-settlement Legal Funding?

In order to receive the compensation you deserve, your attorney may need to litigate your case. Litigation is not only costly, it can take years to complete. If you have been injured or have suffered monetary losses, you may not be able to afford to wait for your case to complete. Obtaining pre-settlement legal funding can help you get the money you need while you wait for your lawsuit to settle.

Contact Our Office to Learn More

If you have a pending lawsuit and have retained an attorney, contact our office to determine if you are eligible for pre-settlement legal funding. We proudly serve clients nationwide. Call our office at (973) 362-3500 to learn more. Find out how we can help fund your way to victory! We provide both attorney and plaintiff funding.