How Much Can I Get From a Settlement Loan*?

May 18, 2017, on Settlement Loans | Share

You’ve been injured in an accident, and you need help paying your bills. You have done your research on settlement loans and you are ready to apply. The only question you have left is: How much can I get?

While some lawsuit funding companies will be happy to provide you with as much funding as possible, at Injury Funds Now, we focus on providing the right amount of funding for each client’s individual case. Instead of answering the question of how much can you get, we prefer to answer the question: How much should you get in order to meet your needs while your personal injury claim is pending?

Why You Might Not Want a Maximum Settlement Advance

Although it may seem logical to obtain as much pre-settlement funding as possible – especially since the funding is technically not a loan* – there are a number of reasons why securing less than maximum funding may be in your best interests. Some of the reasons to carefully consider the appropriate amount of funding for your case include:

• Limiting Your Funding Costs – While there are no application or closing fees and you do not have to pay interest, there are fees involved with pre-settlement lawsuit funding. Depending on the fee structure you choose, the more you borrow, the more you may have to pay. To limit your costs, we recommend that you only apply for as much as you need to get by while your case is pending.

• Managing Your Budget – If you are like many people, you find it challenging to manage your budget month-to-month, especially when you may or may not have to contend with medical bills and other unexpected expenses. By only securing the settlement funding you need, you can make it easier to avoid incurring unnecessary expenditures.

• You Can Apply for Additional Funding if Necessary – Finally, you can always apply for additional funding if necessary, and we provide approvals in as little as 24 hours. So, even if you apply for a smaller advance initially, you do not have to worry about running out of funds. And any future funding may cost less than a prior advance, since it will have been out for a shorter amount of time (depending on fee structure selected).

When you call us or submit your application online, our professionals will be happy to help you choose a settlement amount that meets your needs. We will also help you choose the fee structure that minimizes the costs of your advance. In addition to our exclusive fee options, we offer a Best Price Guarantee, and you will find that obtaining an advance from Injury Funds Now can cost you far less than choosing another provider.

Get Help with Your Application – Contact Us 24/7

Injury Funds Now is prepared to help accident victims obtain a Florida settlement loan as soon as possible. In fact, IFN can assist injured individuals in 38 states across the country, and has been doing so since 2003. If you would like to learn more about the funding options you have available, we encourage you to get in touch. You can start the application process online today.

*DISCLAIMER: The term "loan" or "loans," where used to describe lawsuit funding is not an accurate legal or financial definition of the transaction. IT IS NOT A LOAN. The transaction is a non-recourse purchase of a portion of the proceeds of a potential future case award or settlement. A loan is a transaction that always requires repayment. Our lawsuit funding only requires repayment if the plaintiff receives a favorable recovery. If the plaintiff loses their case, they do not repay anything.