What Is Personal Injury Pre-Settlement Funding?
Personal injury pre-settlement funding is a case-backed cash advance for plaintiffs who are waiting for a lawsuit or insurance claim to resolve. Instead of relying on your credit score or employment history, the review focuses on your claim, liability facts, damages, attorney representation, and expected recovery.
It can help people with motor vehicle accidents, slip and fall injuries, workplace incidents, premises liability, product liability, wrongful death claims, and other plaintiff injury matters.
Common Uses for Personal Injury Funding
Once approved, clients commonly use the funds for urgent day-to-day needs while the case continues.
- Rent, mortgage payments, utilities, and groceries
- Medical bills, prescriptions, physical therapy, and rehabilitation
- Transportation to appointments, work, or court-related obligations
- Lost income, childcare, caregiving, and household support
What Happens if You Do Not Win?
Improved Funding Solutions focuses on non-recourse funding. That means repayment is tied to a successful case recovery. If your eligible claim does not produce compensation, you do not repay the advance from your own money.
How Lawsuit Funding Differs From a Traditional Loan
A traditional loan usually depends on credit, income, fixed monthly payments, and personal repayment obligations. Lawsuit funding is different because approval is case-based, there are no monthly payments while the case is pending, and repayment is handled from case proceeds if the claim succeeds.
Qualifications for Personal Injury Funding
- An active or recently resolved personal injury claim
- Attorney representation, usually on contingency
- Case information available for review through your law firm
- Potential settlement, verdict, award, or insurance recovery