Show table of contents · 7 sections▾
If you've been injured in an accident and are unable to work, one of the biggest concerns is often how to keep up with monthly bills. Mortgage payments, rent, utilities, groceries, and car payments don't stop just because a lawsuit is pending.
Many plaintiffs wonder whether pre-settlement funding can be used to cover these expenses while waiting for their case to resolve.
The short answer is yes.
What Is Pre-Settlement Funding?
Pre-settlement funding is a cash advance provided to plaintiffs involved in personal injury lawsuits. Unlike a traditional loan, repayment is generally contingent on a successful recovery in the case.
This means there are typically:
No monthly payments
No employment requirements
No credit checks
No repayment if there is no recovery
The funding company evaluates the strength of the case rather than the plaintiff's income or credit history.
Can Funding Be Used for Mortgage Payments?
Yes.
Once funding is received, plaintiffs can generally use the money however they choose.
Many clients use funding to:
Make mortgage payments
Pay rent
Catch up on utilities
Purchase groceries
Cover transportation costs
Pay medical expenses
Avoid high-interest credit card debt
The goal is to provide financial flexibility while allowing the injured person to focus on recovery and the legal process.
Why Waiting Can Create Financial Pressure
Insurance companies know that financial pressure often causes injured people to settle cases early.
When bills begin piling up, some plaintiffs feel forced to accept a lower settlement simply to access money quickly.
Pre-settlement funding can help relieve that pressure by providing immediate access to cash while the attorney continues pursuing the full value of the claim.
Who Qualifies for Pre-Settlement Funding?
Qualification is typically based on:
The type of accident
Liability
Available insurance coverage
The extent of injuries
Representation by an attorney
Many funded cases involve:
Car accidents
Truck accidents
Motorcycle accidents
Slip and falls
Workplace injuries
Wrongful death claims
Is There a Minimum Credit Score Required?
No.
Most pre-settlement funding companies do not consider credit scores when evaluating an application.
Instead, they focus primarily on the merits of the underlying lawsuit.
How Quickly Can Funding Be Approved?
Many applicants can receive a decision within hours after the necessary information is received from their attorney.
Once approved, funds are often available the same day or the following business day.
The Bottom Line
If you're struggling to keep up with mortgage payments or other household expenses while waiting for your personal injury case to settle, pre-settlement funding may provide temporary financial relief.
Every case is different, but for many plaintiffs, funding helps bridge the gap between the accident and the final settlement.
If you have questions about your options, Instabridge Legal Funding can review your case and determine whether you qualify for funding.
