Guide

How Pre-Settlement Funding Works: A Step-by-Step Guide

How Pre-Settlement Funding Works: A Step-by-Step Guide

Feb 13, 2025

Feb 13, 2025

How Pre-Settlement Funding Works: A Step-by-Step Guide
How Pre-Settlement Funding Works: A Step-by-Step Guide

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When facing a prolonged legal battle, financial stress can often feel overwhelming. Many plaintiffs find themselves struggling to cover living expenses, medical bills, and other financial obligations while waiting for their case to settle. At Instabridge, we offer pre-settlement funding—a financial lifeline that provides cash advances to plaintiffs based on their anticipated settlement. In this guide, we’ll break down exactly how pre-settlement funding works and how it can help you regain financial stability during litigation.

What Is Pre-Settlement Funding?

Pre-settlement funding is a type of non-recourse financial support available to plaintiffs involved in ongoing lawsuits. Unlike traditional loans, this type of funding is not tied to your credit or income. Instead, it is based on the expected outcome of your case.

If you win or settle your case, repayment comes directly from the proceeds of the settlement. If you lose, you owe nothing. That’s the beauty of non-recourse funding—it’s risk-free and specifically designed to help plaintiffs stay afloat during difficult times.

How Pre-Settlement Funding Works: A Step-by-Step Guide

At Instabridge, we make the process of obtaining pre-settlement funding as simple and stress-free as possible. Here’s a step-by-step breakdown:

  1. Apply for Funding The first step is submitting a quick and easy application. You’ll provide basic details about your case and legal representation. There are no credit checks, and your employment history doesn’t affect your eligibility.

  2. Case Review and Attorney Collaboration After you submit your application, we’ll contact your attorney to gather more information about your case. Our team will assess the merits of your case, including the expected settlement value and likelihood of success.

  3. Approval Process Once our underwriting team evaluates your case, we determine the amount of funding you qualify for. Approvals are fast, often within 24 hours, so you can access cash quickly when you need it most.

  4. Receive Your Funds Upon approval, we disburse the funds directly to you—often within 24 to 48 hours. This immediate access to cash allows you to cover urgent expenses like rent, medical bills, and other financial obligations without added stress.

  5. Repayment From Your Settlement When your case settles, repayment is deducted directly from the proceeds of your settlement. If your case does not result in a favorable outcome, you owe nothing. That’s the non-recourse promise.

Why Choose Pre-Settlement Funding?

Pre-settlement funding offers several unique benefits to plaintiffs who need financial relief during litigation:

  1. Risk-Free Financial Support With pre-settlement funding from Instabridge, there’s no risk to you. If you don’t win or settle your case, you don’t owe us a dime.

  2. Immediate Access to Cash Legal battles can take months or even years to resolve. Pre-settlement funding provides quick access to funds so you can manage expenses without waiting for your case to conclude.

  3. No Impact on Your Credit Unlike traditional loans, pre-settlement funding does not require a credit check or affect your credit score. Your eligibility is based solely on your case.

  4. Freedom to Pursue a Fair Settlement Financial pressure often forces plaintiffs to accept lowball settlement offers. With pre-settlement funding, you can focus on achieving the compensation you deserve instead of settling prematurely.

Who Can Benefit From Pre-Settlement Funding?

Pre-settlement funding is an excellent option for plaintiffs involved in various types of cases, including:

  • Personal injury lawsuits

  • Motor vehicle accidents

  • Wrongful death claims

  • Slip-and-fall cases

  • Medical malpractice lawsuits

If you’re waiting for your case to settle but need immediate financial support, pre-settlement funding could be the perfect solution.

Why Choose Instabridge for Pre-Settlement Funding?

At Instabridge, we’re committed to providing plaintiffs with fast, transparent, and risk-free financial solutions. Here’s what sets us apart:

  1. Fast Approvals We know time is of the essence. That’s why most applications are approved within 24 hours, with funds disbursed within 48 hours.

  2. Transparent Terms Our funding agreements are clear and easy to understand—no hidden fees, no surprises. You’ll always know what to expect.

  3. Risk-Free Support With non-recourse funding, there’s no repayment if your case doesn’t settle. We bear the financial risk, so you can focus on your case.

  4. Expertise in Legal Funding Our team has extensive experience working with plaintiffs and attorneys across a variety of case types. We make the process seamless and stress-free.

How to Get Started With Instabridge

Applying for pre-settlement funding is simple and straightforward:

  1. Submit Your Application: Fill out our quick online form with details about your case.

  2. Attorney Collaboration: We’ll work with your attorney to evaluate your case.

  3. Receive Your Funds: Get approved and access your funds within 24-48 hours.

Final Thoughts

Pre-settlement funding provides a financial safety net for plaintiffs navigating lengthy and challenging legal battles. By offering risk-free, fast, and reliable funding, Instabridge empowers you to focus on what matters most: achieving a fair settlement and regaining control of your life.

If you’re ready to explore pre-settlement funding options, our team at Instabridge is here to help every step of the way.

Start Your Application Today

Don’t let financial stress dictate your legal journey. Apply for pre-settlement funding with Instabridge today and get the support you need to stay in the fight for justice.

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