Pre-Settlement Funding
Pre-Settlement is a non-recourse cash advance against the future settlement or award that a plaintiff is expected to receive from a personal injury lawsuit. Pre-Settlement funding is not a lawsuit loan since repayment only comes from the settlement of the case. For those who face challenges to cover living expenses or the cost of medical care related to the case, this type of funding is very useful.
What is a "Pre-Settlement Funding"
And Why Should You Get One?
Pre-settlement funding is not a loan. If you do not win your case, you owe absolutely nothing.
Without pre-settlement funding, those involved in a lawsuit would have no options to receive financial assistance during the pendency of a lawsuit. Banks and traditional financial institutions do not offer loans to plaintiffs involved in personal injury lawsuits. The only type of loan offered by banks is a personal loan secured by your property and assets, and your credit score and net worth is taken into account. Plaintiffs with meritorious injury claims now have the option of getting a portion of their future settlement paid up front with pre-settlement funding from Ovecus Financial .
When you have no Insurance to Pay for Medical Care
Furthermore, if the injuries you sustained in an accident require surgery or other types of invasive medical procedures, and you do not have any medical care coverage to pay the costs of such procedures, Ovecus Financial, through its medical funding affiliate, MedResolve (www.med-resolve.com) , will provide you a non-recourse funding in exchange for a portion of your future settlement. We will pay your medical providers directly and in advance. No more hassles, and no more waiting for your surgery booking to be confirmed.
Without pre-settlement funding, those involved in a lawsuit would have no options to receive financial assistance during the pendency of a lawsuit. Banks and traditional financial institutions do not offer loans to plaintiffs involved in personal injury lawsuits. The only type of loan offered by banks is a personal loan secured by your property and assets, and your credit score and net worth is taken into account. Plaintiffs with meritorious injury claims now have the option of getting a portion of their future settlement paid up front with pre-settlement funding from Ovecus Financial .
What types of Cases Qualify for Funding?
There are many different types of personal injury cases that qualify for pre-settlement funding. If you sustained a physical injury that caused damages due the negligent actions of others, you may qualify for pre-settlement funding. Here are several of the most common types of cases funded by Ovecus Financial.
Dangerous Animals
- Dog Bite Injury
- Complications After Dog Bite
- Animal knockdown injuries
- Pet Owner Negligence
- Other Animal Bites
Bicycle Accidents
- Bike Vs Car Accident
- Hit And Run Bicycle Accident
- Child Bike Accident
- E-Scooter and Segway Accidents
Birth Injury
- Erbs Palsy Claims
- Forceps Birth Injury
- Cerebral Palsy Lawsuit
Boating Accidents
- Cruise Ship Accidents
- Boating While Intoxicated
- Boat Propeller Accident
Burn Injury
- Chemical Fire
- Inhalation Injury
- Scald Burn / Injury
Car Accidents
- Uber-Lyft Accidents
- Car vs. Truck or SUV Accidents
- Back Injury From Car Accident
- Concussion From Car Accident
- Highway Collisions
Catastrophic Injuries
- Amputations
- Traumatic Brain Injuries
- Paralysis
Construction Site Accidents
- Crane Accients
- Scaffolding Accidents
- Forklift Accidents
Medical Malpractice
- Hospital Negligence
- Misdiagnosis Lawsuits
- Surgical Error Lawsuits
- Dental Malpractice
Motorcycle Accidents
- Rear-End Motorcycle Accident
- Hit And Run Motorcycle Accident
- Motorcycle Lane Splitting Accident
Negligent Security
- Hotel Assaults
- Mall and Nightclub Security Failures
- School Assaults
Nursing Home Abuse
- Falls In Nursing Homes
- BedSore Lawsuit
- Nursing Home Negligence
Pedestrian Accident
- Pedestrian Hit And Run
- Crosswalk Accident
- Parking Lot Accident
Slip and Fall
- Falls in Parking Lots
- Slip And Fall In Grocery Store
- Slip And Fall On Ice
- National Chain Store Slip And Fall
Recreational Accidents
- RV Accidents
- Golf Cart Accidents
- Trampoline Park Injuries
- Pool Accidents
Spinal Cord Injury
- Annular Tears
- Herniated Disc In Back
- Herniated Disc in Neck
- Fractured Vertebrae
- Nerve Damage in Legs and Arms
Train, Subway and Taxi
- Uber Accident
- Lyft Accident
- Railroad Accidents
- Subway Accidents
- Taxi Accident
Truck Accidents
- Semi Truck Accident
- 18 Wheeler Accident
- Jacknife Accident
Wrongful Death
- Wrongful Death Car Accident
- Wrongful Death Medical Malpractice
- Wrongful Death Against Hospital
Advantages of Pre-settlement Funding
Being injured in an accident is very disruptive to life. There are bills to pay and responsibilities to fulfill. Pre-settlement funding can help you avoid going into debt (or further into debt) by giving you money up front to cover these financial responsibilities until your lawsuit is resolved.
Significant benefits of obtaining Pre-Settlement Funding include the following:
1. Pre-Settlement Funding is the only Non-Recourse Option to avoid going into further debt
Personal injury cases may take months or years to settle. While you are waiting for your case to resolve, you may need money to help cover expenses such as house payments, utilities, vehicle expenses, the cost of medical care and other basic needs. You need to find a way to pay these bills without taking a low-ball settlement offer. Pre-settlement funding can help you avoid going into debt (or further into debt) by giving you the money to cover costs until your case is resolved.
2. You Are Not Pressured To Take Unfair Settlement Offers
Insurance companies who defend lawsuits believe, and rightly so, that time is on their side. They do everything to lengthen the case process to force you to accept a low settlement offer. As time goes by the pressure mounts on you, and in turn, your attorney, to take any reasonable settlement offer possible. With pre-settlement funding, you can receive a small portion of your expected payout to cover the expenses you need, without having to sacrifice the entire settlement. Now, you can turn the tables on the insurance companies and wait for just compensation for your injuries. Stay in the Fight Longer!
3. Surgery Advances will help you get the Medical Care you need and the Maximum Award for your Case
Accessing medical care for your injuries can be very challenging. Most states have limited coverage for car accident victims, and some states provide no coverage at all. By the time your benefits are exhausted or denied by your health insurance or car insurance carrier, you may still need important medical treatment, especially surgery. A surgery funding from our medical finance division, MedResolve, is a great non-recourse option to access quality medical care from top quality surgeons and other specialists. By getting the medical care you need, you can now hold those responsible for causing those injuries and the need for such surgery. This adds significant value to your case and your eventual monetary recovery.
What You Should Know About Lawsuit Funding
Lawsuit funding may first appear to be a loan, but it’s not!. It is a non-recourse funding. This means that if your case does not settle, you owe absolutely nothing. The pre-settlement funding company is taking all the risk of a negative outcome on your case.
Unlike traditional loans, pre-settlement funding from Ovecus Financial does not involve credit checks or inquiries into your assets and employment. Instead, repayment is secured by your anticipated settlement. Now you can pay for necessary bills and life expenses without affecting your credit, and without having to go into debt.
There Are No Restrictions on How You Spend Your Lawsuit Funding
When we purchase a portion of your lawsuit, we won’t dictate how you spend your funds, nor do you need to show us how you spent the money. It’s for your personal use however you see fit. Maybe you need to catch up on your utility bills, rent, car payments, or even tuition. Maybe you borrowed money from a friend or relative, and you want to pay it back sooner rather than later. Perhaps you have medical bills that can’t wait or child support that needs to be paid. The choice is yours alone.
There Are No Monthly Payments
With personal loans and other lines of credit, you are expected to make monthly payments. If you fall behind more than a month or two, the results can be disastrous for your credit rating and financial life. Lawsuit funding is different. It is not a loan, and you don’t make monthly payments. You only pay us when you receive your settlement or court award. If you do not receive any compensation for your claim, we accept the loss, and you owe us nothing at all.
You Need to Be Represented by an Attorney
To qualify for litigation funding, you do need to be represented by an attorney. To design the best funding plan for you, we work closely with your lawyer. Your lawyer can provide us with necessary information, such as the amount of your expected settlement, what your case might be worth, and when your case might be resolved. We determine if you qualify, the amount for which you are eligible, and other specific details of your settlement funding based on the information your attorney provides.
Your Lawyer Ensures Repayment of your Funding when your Case Settles
After your attorney receives your settlement funds, they will contact Ovecus to find out the exact amount you would need to pay. The attorney then cuts a check from your proceeds in that amount before paying you your net settlement award, and you will owe us nothing.
Do You Have Questions?
Our client services team will walk you through the process.