Pursuing a civil case can be a long, tedious process, sometimes taking months or even years before settling. While you wait for a pending lawsuit to settle, bills and living expenses are sure to accumulate quickly, particularly if you are dealing with an injury and cannot work. Even when you are confident that you will receive the settlement money that you are seeking, the time in-between can put immense stress on your bank account. Our team at JG Wentworth can help by putting you in contact with a company that can get you the cash that you need through pre-settlement funding.
What Pre-Settlement Funding Does
Pre-settlement funding provides you with a cash advance on the future compensation that you expect to receive from a claim. If you need money before your claim settles to cover bills and living expenses, pre-settlement funding is one way to get you the cash you need as quickly as possible.
Pre-settlement funding can provide you with cash while you wait for a settlement, no matter what the size. If you are kept out of work due to the circumstances of your lawsuit, it can be difficult to pay your bills. Cash from pre-settlement funding is not a loan, but it does give you money right away so that you can feel comfortable during long legal proceedings. When you sell your future settlement proceeds to a company, they will be reimbursed directly from the settlement itself, so you never have to worry about money coming out of your pocket.
Pre-Settlement Funding in Five Steps
Step 1: Contact JG Wentworth
To start the process, you can fill out our simple online form or call and let one of our representatives know that you would like to get pre-settlement funding. They’ll ask you a few questions to learn a little bit more about you, and then they’ll transfer you to one of our partners who can help.
Step 2: The Company Contacts Your Attorney
After the preliminary phone call, the pre-settlement funding company will get in touch with your attorney and review your case. Your attorney may be able to provide the necessary information.
Step 3: Your Attorney Receives an Agreement
If your case is eligible, the pre-settlement funding company will forward an agreement to your attorney. This document will outline how much of the settlement they are willing to purchase.
Step 4: You and Your Attorney Review and Sign the Agreement
If you and your attorney decide that the agreement works for you, you can then sign the document and send it back to the funding company.
Step 5: Receive Your Cash
Once the pre-settlement funding company receives the signed agreement, they will forward your cash to you or your attorney — often, within 24 hours. With the funding in hand, addressing your needs before your case’s resolution becomes that much easier.