It is possible following a settlement that the liable party default on its obligation. This is called settlement risk. It is also possible that one party defaults on its obligation prior to the settlement date. This is called pre-settlement risk. In both instances, the obligee may suffer losses.
Pre-settlement risk may include failure on the part of one party to:
- Meet specific deadlines
- Perform required actions
- Deliver goods or services
- Meet financial obligations
These risks are possible with any contract, however, pre-settlement risk is not much of an issue when it comes to personal injury claims.
Who Pays Personal Injury Claims?
A vast majority of personal injury claims are paid by the insurer of the liable party. These companies seldom default on settlements or verdicts against them. Doing so would open them up to additional lawsuits and could damage their standing. This makes pre-settlement risk a nonissue when it comes to pre-settlement funding.
Pre-settlement funding allows you to borrow against your expected settlement or verdict, even while the case is still pending. This funding can help with bills, groceries, and other expenses that often begin to pile-up while awaiting a settlement. It can be a lifeline in hard times, helping families stay afloat even during the most difficult times – and Legal Capital Corp is here to help.
We offer quick and easy pre-settlement funding. All you need to do is apply. We will contact your lawyer. We will gather all additional information. You simply give us 24-48 hours to complete the process. If approved, your funding will be available immediately, giving your instant and sustained relief
Our pricing is reasonable and uncomplicated. There is no application fee. There is no compound interest. Our flat-fee financing is one of the lowest in the industry and it caps at nine months, even if your case continues on. You don't have to do this alone. Legal Capital Corp is here to help.
Are you interested in learning more? Call Legal Capital Corp at 312-204-7939 today.