If you’re involved in a personal injury case, the waiting game can feel overwhelming. Medical bills stack up, repairs need to be made, and everyday expenses don’t stop just because your case is still moving through the legal system. Legal funding exists to help bridge that financial gap.
Unlike traditional loans, legal funding is a non-recourse cash advance, meaning you only repay it if you win or settle your case. Here’s a clear, step-by-step look at how the process works so you know exactly what to expect. Let’s take a closer look.
Step 1: Start With a Simple Application
The process begins with a quick application, usually done online or over the phone. You don’t need pay stubs, bank statements, or credit checks. Instead, you’ll provide basic information about your accident, injuries, and attorney. Legal funding companies review your case, not your personal finances. This makes the application fast and straightforward for most plaintiffs.
Step 2: Connect the Funding Company With Your Attorney
Once your application is received, the funding team contacts your attorney to gather case details. This step is essential because legal funding decisions are based on the strength of your personal injury claim. Your attorney shares documents such as the police report, medical records, accident photos, liability details, and any settlement negotiations already in progress. The better the documentation, the faster your approval.
Step 3: Case Review and Evaluation
Next, the legal funding company conducts a professional case review. They assess factors such as:
- Who was at fault
- The severity of your injuries
- Insurance policy limits
- Expected medical treatment
- The likelihood that your case will settle
- Estimated settlement value
This review is designed to estimate the potential outcome of your case. The stronger your case, the higher the amount you may qualify for. Because the advance is tied to the case’s expected settlement–not your personal finances–there’s no risk to your credit score or employment status.
Step 4: Receive an Approval Decision
After the review, you’ll receive a funding decision, often within 24 hours. If approved, you’ll be told the amount you qualify for. This can range from a few hundred dollars to several thousand, depending on your case. You choose how much you actually want to receive. There is no obligation to take the full amount offered.
Step 5: Sign the Funding Agreement
If you decide to move forward, you and your attorney sign a simple agreement outlining the advance, fees, and repayment structure. Your attorney reviews everything with you to ensure you understand the terms. Because the funding is non-recourse, repayment only comes from your settlement–never out of your pocket.
Step 6: Get Your Cash Fast
Once the agreement is signed, the funds are released directly to you. Many plaintiffs receive money the same day. You can use the cash for anything: rent, groceries, car repairs, childcare, or medical bills. There are no restrictions on how you spend it.
Step 7: Repayment Happens After the Case Settles
When your case settles, your attorney pays back the funding company out of the settlement proceeds. If, for any reason, your case does not settle or you don’t win, you owe nothing back. That’s the core protection of non-recourse legal funding.
Legal Funding From Cash Now Funding Group
Are you or a family member in need of financial assistance due to a lengthy legal battle? Are you preparing for a long-term legal battle to get the compensation you deserve? Cash Now Funding Group can be the financial lifeline you need while your case settles. Applying is free and confidential & no credit check is required.
