Post-Settlement For Plaintiffs
Post-settlement funding can provide a much-needed financial lifeline for plaintiffs who have been injured in an accident and are waiting for their personal injury claim to be settled. By advance funding their future settlement payments, plaintiffs can receive the money they need to cover medical bills, living expenses, and other costs associated with their accident. In addition, post-settlement funding can help plaintiffs avoid the financial hardships that often accompany long personal injury cases.
For many plaintiffs, post-settlement funding is the only way to make ends meet during the lengthy process of seeking justice through the courts. By allowing them to receive their settlement money upfront, post-settlement funding gives plaintiffs peace of mind knowing that they will not have to worry about their financial situation while their case is pending. In addition, post-settlement funding can help plaintiffs avoid the need to take out expensive loans or enter into debt in order to cover their living expenses during this difficult time.
How Much Does Post-Settlement Funding Cost?
One of the most common questions we get from personal injury plaintiffs is, “how much does post-settlement funding cost?” The answer to this question depends on a number of factors, including the amount of money being borrowed, the length of the loan, and the interest rate.
Typically, post-settlement funding loans have an interest rate of 10-15%. This means that for every $100 you borrow, you will owe $110-$115 back to the lender. The total cost of your loan will also depend on how long you need to borrow the money. For example, if you take out a one-year loan for $5,000, you can expect to pay back a total of $5,500-$5,750.
It is important to remember that post-settlement funding is not free money. If you take out a loan, you will be responsible for repaying the loan plus interest. However, for many plaintiffs, the benefits of post-settlement funding outweigh the costs. This type of funding can provide much-needed financial assistance during a difficult and often lengthy legal process.
How Can I Qualify for Post-Settlement Funding?
If you are a plaintiff in a personal injury case, you may be wondering if you qualify for post-settlement funding. This type of funding can provide much-needed financial assistance to plaintiffs who are waiting for their cases to settle. In order to qualify for post-settlement funding, there are typically three requirements that must be met:
- The plaintiff must have an active personal injury case pending.
- The plaintiff must have a lawyer representing them in their case.
- The plaintiff must be able to demonstrate a financial need for the funding.
If you meet all of these requirements, you may be eligible for post-settlement funding. This type of funding can provide you with the money you need to cover living expenses, medical bills, and other costs associated with your accident. In addition, post-settlement funding can help you avoid the financial hardships that often accompany long personal injury cases.
Amicus Capital Group provides post-settlement funding in Santa Clarita, CA, and is one of the leading providers of post-settlement funding, and we are here to help you get the money you need to move on with your life. Contact us at 877-926-4287 for a free consultation!