Post-Settlement Funding Company Helping Clients Get an Advance on Their Settlement Funds
Even after a court decides to award damages compensation to a plaintiff, it can take weeks, if not months for the money to land in your bank account. That can be a problem when you are counting on this money to cover your basic living expenses. This is when getting post-settlement funding may be a feasible alternative to ease your financial burden.
What Is the Difference Between Pre-Settlement and Post-Settlement Funding?
At Universal Funds, we offer both pre-settlement and post-settlement funding. As the term may imply, pre-settlement funding refers to a cash advance given to an individual who has initiated a civil lawsuit and is seeking damages recovery for an injury or accident, but the case is still pending. Universal Funds will analyze the details of the lawsuit and provide a cash advance based on the total settlement amount the plaintiff is expected to receive.
Post-settlement funding is provided for plaintiffs whose lawsuits have already reached a decision point and the court has awarded a settlement amount as compensation for losses incurred after an injury, but no payments have been issued yet. It is also a cash advance, and it can be very useful to help you catch up on bills and other needs while you wait for your first settlement check to arrive.
Who Is Eligible to Apply for Post-Settlement Funding?
In order to be eligible, you must be working with an attorney, and you must have received a settlement offer. Universal Funds can provide post-settlement funding for personal injury cases such as auto accidents, civil rights, sexual abuse claims, dog bites, medical malpractice, product defects, slip and fall (premises liability), or workplace accidents.
Because this is a cash advance based on the specifics of your lawsuit settlement, you do not need to worry about having bad credit, as there is no credit check, no hard inquiries and we do not look at your credit score to make a decision. So if you meet the requirements above, you may apply for a post-settlement advance even if you don’t have good credit. It is an easy financing tool to help you access money that has already been awarded to you without having to wait for months.
How Do I Know if Post-Settlement Funding Will Work for Me?
If your case has been settled in your favor but you are struggling to pay bills and stay afloat, you cannot afford to wait until your settlement checks are finally processed and sent to you. Post-settlement funding may be a good option for you if you cannot or do not wish to resort to a bank loan, and would rather opt for a non-recourse financing tool. After your application is approved and you accept your lawsuit funding offer from Universal Funds, you may expect to receive funds in as little as 24 h depending on your financial institution processing times.
When you choose Universal Funds, you will always know exactly what you are being offered upfront. There are no hidden fees or surprises, and your agreement is written in plain English. You can also count on the support and expertise of our customer service agents who will always be ready to answer all your questions.
How Do I Begin My Post-Settlement Funding Application and When Will I Receive My Money?
Starting your post-settlement funding application is very simple. The first step is to reach out to Universal Funds by filling out the form on our website, or calling (484) 924-9323 and talking to one of our representatives. Our team will then work with your attorney to learn the details about your case and obtain the necessary papers. Finally, we will make a decision, and if your case is eligible, you may receive an offer. Your money will be in your bank account in just a few days, and some clients may receive it in as little as 24h.
If you are struggling to stay afloat and can no longer wait for your settlement checks to arrive, reach out to Universal Funds and see how we may be able to tap into your settlement funds now.