When you have been involved in an accident through no fault of your own, you may find yourself in financial straits. Serious accidents can keep people from working and providing for their families. While relief may seem to be in sight considering a settlement during a court case, it can take months or years to reach those agreements. If bills are stacking up and you are rendered unable to work, you need to contact a settlement funding company.
Pre-Settlement Funding
Settlement funding has varying options, with pre-settlement funding being a popular choice. When a client decides to seek pre-settlement funding, they are essentially getting an advance on their pending lawsuit. In most cases this advance is considered non-recourse. These types of settlements help people take care of financial burdens while being unable to work and support their families due to their injuries.
Find a Funding Company with Low Fees
There are many pre-settlement funding companies in which to choose. Funding companies with their clients in mind charge low fees with a monthly interest that is compounded. Other types of fees include document review fees. Normally this is a one-time only fee that is deducted from potential settlements at the conclusion of a case. There should be no upfront fees for clients seeking pre-settlement funding. In most cases, funding companies do not expect to be paid back unless a case has been won or a settlement has been reached.
Top Qualities of a Good Funding Company
It is the duty of a funding company to give their clients a reasonable funding amount that helps ease the burden of current debt. All fees and charges should be disclosed by caring and knowledgeable staff that are ready to answer any questions and set clients at ease. Waiting for a court case to be resolved can be very stressful.
Installment Programs
A funding company can also assist clients in setting up an installment program. This is perfect for clients that request a lump sum advance and want the convenience of receiving the lump sum in steady payments. A payment plan can be set up for a predetermined amount of time. Funding specialists are trained to aid clients in creating a structured payment schedule based on their financial needs.
There are many pre-settlement funding companies that are able to provide clients with superior services. Resolution Funding Group, LLC is top rated and ready to assist clients who need financial help now.
