How Long Does It Take To Get Approved For Pre-Settlement Funding?

The steps to getting pre-settlement funding are really simple, so it is straightforward that you can get pre-settlement funding in less than 3–4 working days if the details submitted by you are correct and your attorney’s responses are prompt.

To better understand the time period for getting a cash advance, we need to understand the process of pre-settlement funding.

Pre-settlement cash advance process

Step 1: Online Or Offline Application

An applicant can apply for a cash advance by completing an online form on the website or by calling the company at a toll-free number. Filling out a form only takes a couple of minutes and can be done by filling in information like contact details, case details, attorney information, and the amount required.

Step 2: Lending Company Will Contact Attorney

Once the applicant submits the application, our internal team will proceed by contacting you and your attorney to understand the merits of the case. We will request case-related documents from your attorney. After this our team will do a quick analysis of the case and its strength, based on which we will recommend a lump sum that we can offer. This step may take up to two to three days, depending on the attorney’s response.

Step 3: Get Funds After Agreeing To Terms

After we decide the amount we can offer in terms of pre-settlement funding for the submitted case, we will send a contract with payment terms and information. This agreement will contain almost every detail that is required to execute the transfer. Once our team gets the signed document back from you and your attorney, we will send the money through the appropriate channels. This generally takes around one business day.

I hope this breakdown of the time required for the processing of pre-settlement funding has made things clear. As we mentioned, it can take up to 3 to 4 working days to get pre-settlement funding, but that is not limited. In some circumstances, it can take a week or vary from lender to lender.

Get A Pre-settlement Funding Quote

If you are already in a lawsuit, then we can offer you lawsuit funding without any hassle.

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