The Pre-Settlement Advance Program
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What is a Pre-Settlement Advance?
Court cases can sometimes takes months or years before a final decision is reached. As the plaintiff, you can request cash prior to your case being resolved in the form of pre-settlement funding. Pre-settlement advance funding can also exist as the result of funding when a plaintiff has won their case but they are waiting to be awarded their cash.
You can use this money to assist you with your living expenses, medical bills, and any other expenses that may come up while you’re waiting for your case proceeds to be awarded. You are eligible for pre-settlement advance funding when your case is the result of a personal injury, automobile accident, medical malpractice, wrongful death or general liability.
Do I Have to Pay Back the Funds If I Lose My Case?
Pre-settlement advance funding is not considered a loan. The funds you receive that are designated as pre-settlement are considered an advance of your potential case winnings. In the event that you do lose your court case, the advance you receive is excused and you are not obligated to repay the funds.
If you do win your case, any money provided to you as a pre-settlement advance is required to be paid back to us and it will be taken against the proceeds from your court case.
Does Getting an Advance Cost Me Anything?
Since pre-settlement advances are not considered a loan, you will not incur any application fees to get the process started.
**CASH does not charge you any upfront fees or require you to make monthly payments on your advance. If you win your case, the repayment requirements are easy to understand and we work with you to make sure you are aware of your responsibility prior to funding.
How Much Cash Can I Get?
The amount of cash you can receive as a pre-settlement advance is determined on an individual, case-by-case basis. Some of the factors involved in making this decision are based on your case itself, any injuries involved, and the actual value of your case.
**CASH sets a minimum and maximum amount allowed for pre-settlement funding and the actual amount you receive will be based on your specific needs. We work directly with your legal representatives to go over the amount of your living expenses as well as any medical bills or loss of wages you have incurred so we can determine a fair amount.