How to Get a Settlement Cash Advance Now
Lawsuit plaintiffs understand bills still need to be paid while cases are litigated. Medical expenses, rent, utilities, and everyday living costs can pile up quickly. If your case is still tied up in negotiations or court proceedings, you might be searching for ways to bridge the gap financially. This is where a settlement cash advance now can be a lifeline.
In this post, we’ll break down what a settlement cash advance is, how to get one quickly, the pros and cons of taking one, and why Fair Rate Funding is a trusted choice for plaintiffs looking for immediate financial relief.
What Is a Settlement Cash Advance?
A settlement cash advance now is a form of pre-settlement funding that provides plaintiffs with a portion of their anticipated settlement before their case resolves. It’s not a traditional loan — instead, it’s a non-recourse cash advance. This means:
- You only repay the advance if you win or settle your case.
- If you lose, you repay nothing.
This unique structure makes it different from bank loans or credit cards, which require repayment regardless of the outcome of your lawsuit. Lawsuit loans are advances on the future proceeds of a case. As such, they are structured as a sale of future property rights in a portion of the recovery.
Who Can Get a Settlement Cash Advance Now?
Settlement cash advances are available to plaintiffs with eligible pending lawsuits, including:
- Personal injury cases (car accidents, slip and falls, workplace injuries, etc.)
- Medical malpractice claims
- Wrongful death suits
- Product liability cases
- Civil rights violations
- Employment disputes
If you have legal representation and your attorney expects a favorable settlement, you may qualify.
How to Get a Settlement Cash Advance Now – Step-by-Step
If you’re looking for a settlement cash advance now, speed and preparation are key. Here’s the lawsuit loan process:
1. Contact a Reputable Funding Company
Start with a trusted pre-settlement funding provider like Fair Rate Funding. You can usually apply online or over the phone in minutes.
2. Provide Case and Attorney Information
The funding company will need:
- Your attorney’s contact details
- The type of case you have
- Basic personal information
You won’t need to provide credit history or employment verification — approval is based solely on your case’s strength. Lawsuit loans and credit are not interrelated because the lawsuit funding company purchases a portion of the case’s proceeds. These transactions are not loans, so repayment requirements are not a factor in lawsuit loan approvals.
3. Case Evaluation
The funding company will speak directly with your attorney to assess:
- Case liability (likelihood of winning)
- Estimated settlement amount
- Time-frame to resolution
4. Approval and Settlement Cash Advance Now Offer
If approved, you’ll receive a funding offer. This amount is typically a percentage of your expected settlement (normally 10-20%), ensuring you still receive funds after repayment.
5. Execute the Agreement
Review the lawsuit loan contract carefully. It will outline:
- The advance amount
- Repayment terms
- Fees and interest
6. Receive Funds
Once signed, funds are usually wired to your account within 24 hours via electronic funds transfer (EFT) or overnight courier such as FedEx.
The Benefits of Getting a Settlement Cash Advance Now
Choosing to take a settlement cash advance now offers several benefits:
Immediate Financial Relief
Funds can arrive in as little as one day, helping you cover rent, medical bills, groceries, or car payments without delay.
No Monthly Payments
Unlike traditional loans, no periodic payments are required. In fact, repayment happens only if there is a recovery.
Leverage for a Better Settlement
Financial pressure often forces plaintiffs to accept low-ball settlement offers. With funding, you can hold out for a fair settlement.
Easy Approval
Your case’s strength, not your credit score, determines approval. Even those with poor credit can qualify.
The Cons of Getting a Settlement Cash Advance Now
While settlement advances can be a lifeline, they also come with drawbacks you should consider:
Cost
Because they are non-recourse, settlement cash advances carry higher fees and interest rates than traditional loans. If your case drags on, costs can add up.
Reduced Settlement Amount
Repayment comes out of your final settlement. Depending on the amount you borrow and your case outcome, your net payout will be smaller.
Not All Cases Qualify for a Settlement Cash Advance Now
Some cases, especially those with uncertain liability or low expected payouts, may not qualify for funding.
Possible Attorney Hesitation
While many attorneys support pre-settlement funding, some worry it may complicate case negotiations. Although lawsuit loan companies do not participate in settlement talks, lawsuit liens affect the amount a plaintiff ultimately receives. Calculating the presence of a lawsuit loan can impact settlement negotiations.
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How to Decide if You Should Get a Settlement Cash Advance Now
Before applying, ask yourself:
- Do I truly need the money now? If you can cover your expenses another way, you might consider lawsuit loan alternatives.
- Will funding help me secure a better settlement? If the advance gives you breathing room to wait for a larger settlement offer, lawsuit loans can be worth the cost.
- Have I chosen a reputable funding company? Your choice matters — transparency and fairness should be top priorities. In fact, choosing a reputable lawsuit loan provider can be a very important decision.
Why Plaintiffs Choose Fair Rate Funding
When you need a settlement cash advance now, Fair Rate Funding is a leading choice for plaintiffs nationwide. Here’s why:
Fast Approvals for a Settlement Cash Advance Now
Fair Rate Funding understands urgency. Many clients fall behind on monthly expenses and need the money immediately. Our clients often receive approval and funding within 24 hours.
Competitive Rates
Despite industry averages being high, Fair Rate Funding offers some of the lowest lawsuit loan rates available in the industry.
No Hidden Fees
Transparency is at the heart of Fair Rate Funding’s agreements. You’ll know exactly what you’ll repay before signing as all of the payoff amounts are listed on the first page of the contract according to lawsuit loan best practices.
Experienced Case Evaluation
With years of experience in the legal funding industry, Fair Rate Funding works closely with your attorney to ensure the process is smooth and stress-free.
Non-Recourse Guarantee
If you lose your case, you owe nothing — no repayment, no stress. Lawsuit loans with Fair Rate Funding are a risk-free proposition.
Client-Focused Service
Fair Rate Funding treats clients with dignity and respect. They understand the financial strain of waiting for a lawsuit settlement and aim to make the process as painless as possible. At Fair Rate Funding, you’ll speak with a live lawsuit loan representative and receive personal service.
Fair Rate Funding Makes the Process Simple
The process is simple:
Step 1: Call or apply online for free.
Step 2: Fair Rate Funding contacts your attorney for case details.
Step 3: Receive an offer within hours.
Step 4: Sign and return your agreement.
Step 5: Receive your funds — often same day settlement loans are possible.
Common Myths About Settlement Cash Advances
Myth 1: Settlement Cash Advances Now are the Same as Loans
Settlement cash advances are non-recourse advances, not loans. There are no monthly payments and no personal liability if you lose.
Myth 2: They Hurt Your Credit
Funding companies do not check or report to credit bureaus. Your credit score is unaffected.
Myth 3: You Can Borrow Your Entire Settlement
Funding companies limit advances to a percentage of your expected settlement to ensure you still receive money after repayment.
Takeaways
If you’re facing mounting bills while waiting for your lawsuit to resolve, getting a settlement cash advance now can provide the breathing room you need. It’s not without its costs, but for many plaintiffs, the ability to pay essential expenses and hold out for a fair settlement outweighs the downsides.
Choosing a trusted provider is important. Fair Rate Funding combines fast approvals, competitive rates, and transparent agreements to ensure plaintiffs get the support they need when they need it most.
Thank you for your interest in Fair Rate Funding.
