Pre-settlement funding, also known as legal funding or lawsuit advances, is a financial tool that allows plaintiffs involved in certain types of legal cases to access cash before their case resolves. This funding can be a vital lifeline for individuals facing financial pressure during the often lengthy litigation process.
While many types of lawsuits may qualify for pre-settlement funding, some case types are more commonly approved than others due to their predictability and settlement potential. Understanding which cases typically qualify can help plaintiffs decide if pre-settlement funding might be a good option for them.
Personal Injury Cases
Personal injury lawsuits are among the most common cases to qualify for pre-settlement funding. These cases arise when someone suffers harm due to another party’s negligence or intentional wrongdoing. Examples include car accidents, slip-and-fall injuries, medical malpractice, and workplace accidents.
Because personal injury cases often result in compensation for medical bills, lost wages, and pain and suffering, legal funding companies are more willing to provide advances knowing there’s a strong chance of a favorable settlement or verdict.
Workers’ Compensation Claims
Workers’ compensation cases involve injuries or illnesses employees sustain while performing their job duties. While workers’ comp claims may not always go through traditional court litigation, disputes over claim denials or delayed payments often lead to lawsuits.
Pre-settlement funding can help injured workers maintain financial stability while their claim or lawsuit is pending, especially since workers’ compensation benefits sometimes take time to be approved or paid out.
Medical Malpractice Lawsuits
Medical malpractice cases involve injuries caused by negligent medical care, such as surgical errors, misdiagnosis, or medication mistakes. These cases tend to be complex and require extensive investigation and expert testimony, which can extend the timeline before a settlement or judgment is reached.
Because of the high stakes and potential for significant compensation, medical malpractice plaintiffs often qualify for pre-settlement funding to cover ongoing expenses during the lengthy legal process.
Wrongful Death Cases
Wrongful death lawsuits are filed when someone dies due to another party’s negligence or intentional actions. These cases typically involve family members or representatives seeking compensation for funeral costs, lost income, and emotional suffering. Given the serious nature of wrongful death claims and the potential for substantial settlements, plaintiffs in these cases often qualify for legal funding.
Product Liability Cases
Product liability lawsuits arise when consumers are injured by defective or dangerous products. These cases can involve faulty medical devices, dangerous drugs, automotive defects, or household products that cause harm. Because product liability claims often result in settlements or verdicts compensating for injury and damages, plaintiffs in these cases may qualify for pre-settlement funding while their case is pending.
Civil Rights and Employment Disputes
Certain civil rights lawsuits, including discrimination, harassment, or retaliation claims, as well as employment-related disputes, may also qualify for legal funding. These cases can be lengthy and costly to pursue, making access to pre-settlement funding helpful for plaintiffs who need financial support during the process.
Cases Less Likely to Qualify
It’s important to note that not all lawsuits qualify for pre-settlement funding. Cases with lower chances of winning, those seeking only injunctions or non-monetary remedies, or lawsuits involving small claims may not be eligible. Each funding company has its own criteria, but the common theme is that cases with clear potential for monetary settlement or award are more likely to qualify.
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.
