If you’ve done your research and know what settlement funding company you’d like to work with, you probably want to understand the process and how it works. Here is a simplified, step-by-step list of what to expect from beginning to end: Application Any settlement funding company will first have you submit an application that has […]
Information About
Settlement Funding
Dispelling the Myth that Pre-Settlement Funding is Illegal
A topic of conversation that comes up often with clients and prospects of Resolution Funding is whether lawsuit funding, especially pre-settlement funding, is legal or fair to the person receiving it. It’s a fair question and we understand why people ask. The reality is that our industry has received a lot of negative press regarding […]
The Benefits of Pre-Settlement Funding
An automobile or other accident could turn your whole life upside down—and wreak havoc on your finances. If you become injured and are unable to work, the medical bills start piling up, not to mention any other regular bills like your rent or mortgage. Even if you’ve filed a personal injury lawsuit, you might be […]
What to Consider with Private Lending
If you’re in the middle of a lawsuit and need cash, private sources of money are one option available to you—but they’re not necessarily a great option. Money lent in these circumstances is considered “hard money” because this money is quite restrictive. It is actually easier to get the money once the approval is made, […]
Interest Rates and Settlement Funding
When researching settlement funding companies, it’s important to do your homework on interest rates. Because pre-settlement funding is an investment, not a loan, rates are not regulated within the industry. The danger here is that there are no interest rate caps. While one company may charge a higher flat interest rate, another company might charge […]
Pre-Settlement vs. Post-Settlement Funding: What’s the Difference?
If you’re seeking financial help while in the middle of a lawsuit, you’ve probably heard of settlement funding, but it’s important to understand that there are two types of funding: pre-settlement funding and post-settlement funding. Pre-settlement funding is money awarded to plaintiffs in lawsuits that are awaiting settlement in or out of court. In simple […]
What are the Alternatives to Pre-Settlement Funding?
If you’re just beginning your research for funding sources during this challenging time of your personal injury lawsuit, keep reading. Pre-settlement funding is a good solution for those who need cash immediately to pay their medical and other bills. It’s awarded as a lump sum advance or in monthly installments over a period of time, […]
What is Pre-Settlement Funding?
Picture this: You’re in the middle of a lawsuit, you’re not sure when it will settle (and how much, if anything, you’ll win in your settlement), and in the meantime, all kinds of bills are piling up. Perhaps you’ve been forced to take off a lot of time from work because of your injuries, or […]
What Cases Qualify for Pre-Settlement Funding?
In general, Resolution Funding and other firms like us tend to work with clients who have personal injury lawsuits in progress. The most common of those cases involve automobile accidents, but there are many other types of cases in which plaintiffs seek damages for personal injuries. Here are a few types you may have heard […]