Is Cash Advance Legal?

Pre-Settlement Lawsuit Funding for Cases Near Chicago, IL and Nationwide

Posted: February 28, 2020

Man wondering if he can get a cash advance on his personal injury settlementYes, a cash advance on a lawsuit settlement is legal. Many plaintiffs seek pre-settlement funding every year to help them with mounting costs from medical care and everyday expenses. Your life doesn’t stand still when you’re injured in an auto accident, medical malpractice, or another circumstance caused by someone’s negligence. You lose days at work and may be unable to work at all while you recover or cope with a permanent disability. The injuries alone can take a large toll on your quality of life and your loved ones. A cash advance can help mitigate some of the financial struggles that may occur while your claim is being settled.

"Is cash advance legal?" is one of many questions injured plaintiffs ask. Legal Capital Corp has helped plaintiffs involved in ongoing settlement negotiations and trials with pre-settlement funding for more than 20 years. We understand the significant problems you and your family are facing. We are here to help you every step of the way

Can You Borrow Money If You Have a Lawsuit?

That’s why companies like Legal Capital Corp are here. A modest cash advance on your personal injury settlement can maintain a roof over your head and food on the table. Pre-settlement funding is not like your average loan, which is why it’s crucial to do your homework and understand the interest rates and fee structure. We offer free applications and low, capped fees. If you lose your lawsuit, you don’t pay back the cash advance with Legal Capital Corp. 

Can You Get an Advance on a Pending Settlement? 

The answer is, again, yes. It’s important for your attorney to negotiate the maximum amount for a settlement that adequately reflects your injuries, pain and suffering, and related damages. When you’re strapped for cash, it can be hard to hold out for the best settlement possible, which is another reason why plaintiffs look to pre-settlement funding. A cash advance on your settlement is typically limited to 15-20 percent of the estimated value.

Who Qualifies for Pre-Settlement Funding? 

The qualifications for a cash advance vary by company. After you apply for free using our online application, Legal Capital Corp contacts your attorney to request a few important documents regarding your ongoing lawsuit. We look over the details of your claim and determine the validity of your claim and the potential settlement amount. Then, we approve or deny your cash advance right away.

Should You Ask Your Attorney About Pre-Settlement Funding? 

Your attorney needs to be aware of your financial concerns. Discuss your money struggles and options for a cash advance on your settlement with your attorney. That conversation will not only help you come up with the amount you need to help you make ends meet but also speed up the application process. When your attorney knows you’ve applied for pre-settlement funding, he or she will likely be prepared to help you qualify. 

Apply for a Cash Advance on a Lawsuit Today 

If you’re struggling with finances while you pursue a lawsuit, apply for a cash advance using our online application today or contact us in Chicago at (312) 204-7939 with questions. Legal Capital Corp has helped countless plaintiffs with pre-settlement funding in Chicago, Illinois and nationwide for more than 20 years.