If you’ve been injured in a serious accident, you may need pre settlement funding for your Las Vegas lawsuit. Reach out for guidance on your funding options for your claim.
If you’ve been injured in an accident, you may already be overwhelmed by the expenses, the pressure of a lawsuit, and the determination of the debt collectors. You may be getting several calls a day about your bills, but your lawsuit is still in court. You may not see your settlement funds for months or years after the initial accident. That leaves you in a difficult financial situation.
So what can you do about that situation? Luckily, we at Money First Lending may be able to help with a Las Vegas pre settlement funding loan. We understand that debt and lost wages can make it feel impossible to focus on a lawsuit. Because of this, we offer Las Vegas pre settlement loan funding for residents who need help after a serious accident. If you’ve been hurt and you’re worried about your finances, reach out to a Las Vegas pre settlement funding company for guidance.
What Is a Pre Settlement Loan?
When your claim has gone to court, you may find yourself dealing with the lawsuit for months before you see any compensation from it. The problem is, you may not have the time and money to focus completely on your claim. Besides returning to work, you may be distracted and worried about the effects of the debts you have from your accident.
A pre settlement loan is supposed to relieve that pressure. For example, let’s say you were in a car accident, and you suffered a spinal injury that left you paralyzed from the waist down. That’s a severe injury, and it could lead to a long-term lawsuit. But you need medical care, rehabilitation, household services, and other expensive care now in order to get your life back.
You’re already adjusting to a major life change, but now you’re getting bills from the hospital and calls from other debt collectors. Your pre settlement loan helps you pay for those debts now, so you can live comfortably until you get your actual settlement and can pay your Las Vegas settlement funding loan back.
Las Vegas Claim Types You Can Seek Pre Settlement Funding For
Luckily, many claim types are covered by settlement funding for Las Vegas accidents. If you suffered a personal injury because someone was careless, for example, you may be eligible for pre settlement funding.
Below are just a few of the claim types you could receive a pre settlement loan for in Las Vegas:
- Medical malpractice
- Slip-and-fall injuries
- Wrongful death
- Motor vehicle accidents involving cars, trucks, or motorcycles
Applying for a Pre Settlement Funding Loan in Las Vegas, Nevada
Even if you see your Las Vegas claim type above, you may be worried about your eligibility for a pre settlement loan. Luckily, many people are qualified for these loans because eligibility is based on their lawsuit.
To be eligible for a pre settlement funding loan, you must have an active lawsuit. From there, you and your lawyer can meet with a lender and discuss the details of your claim. We can assess the risk factor in taking your loan application, which is based on how likely your claim is to succeed.
But it’s not just about qualifying for the settlement—it’s also about the costs for your settlement loan. For example, you may be concerned about your interest rates. Our company doesn’t charge interest. We instead charge annual fees, which we will discuss with you and your lawyer before you sign anything for your pre settlement funding.
Las Vegas Pre Settlement Loans FAQ
If you’ve been injured in a Las Vegas accident, but you have some questions about your loans and our services, we’re happy to help. Check out our most-asked questions below for more information about pre settlement funding loans and your Las Vegas claim. You can also reach out for a consultation about your loan and what we can do to help you.
Can I get a pre settlement loan if my credit is bad?
A pre settlement funding loan in Las Vegas doesn’t depend on your credit score. It’s instead based on whether you have an active lawsuit and whether that lawsuit is likely to win. Even if your credit isn’t great, you may still be eligible for a Las Vegas pre settlement funding loan.
Again, the key to eligibility for your pre settlement loan is your lawsuit. Do you have a lawsuit in progress? You may be eligible for a lawsuit loan. You and your lawyer can talk to a lending company about your qualifications.
What if I lose my Las Vegas personal injury lawsuit?
Many people are concerned that if they lose their lawsuit, they’ll have to pay off their loan anyway. But we’re a non-recourse loan company. That means if you lose your lawsuit, you don’t have to pay for your loan out of pocket. Our payment is based on your settlement, so if you don’t win, we don’t get paid.
This also applies to settlements where you were left with a much lower settlement than you were due. Your pre settlement funding is still based on the settlement amount you actually receive. Your lawyer and your lender can discuss the specifics of your settlement loan.
When do I have to pay off my Vegas pre settlement funding loan?
Because your pre settlement funding loan in Las Vegas is based on your settlement, you’ll only pay after you settle your claim. Certain expenses, like attorney fees and court fees, will be taken from your settlement, and your pre settlement loan company in Las Vegas will then take their part. Once these are paid, you can focus on your fees and any remaining compensation from your settlement.
Call About Pre Settlement Funding in Las Vegas
When you’ve been injured, you may need a Las Vegas pre settlement funding company like Money First Lending to help you recover. You don’t need the pressure of your finances on your mind when you’re filing a lawsuit. You can instead get help with your financial struggles by contacting us for a consultation about a Las Vegas pre settlement loan. Call 702-623-3333 or fill out the online contact form to learn more about our services.