What You Should Know About Pre-Settlement Lawsuit Cash Advances?
If you're involved in a lawsuit and struggling financially, a pre-settlement lawsuit cash advance might offer some relief. Legal battles can take months or even years, and during this time, your bills, medical expenses, and daily costs don’t stop. In this post, we’ll explain what pre-settlement lawsuit cash advances are, how they work, and what you should consider before applying for one. What Is a Pre-Settlement Lawsuit Cash Advance? A pre-settlement lawsuit cash advance is money given to you before your lawsuit is settled. It’s not a traditional loan. Instead, it’s a cash advance based on the expected outcome of your case. You receive money upfront, and the company is repaid from your settlement amount once your case is resolved. If you don’t win your case, you typically don’t have to pay the money back. That’s why this type of funding is also called “non-recourse,” meaning you’re not personally liable if you lose. Who Can Apply for One? This type of cash advance is usually ava...