Many a time, when people try to get cash advances in the form of pre-settlement funding, they are not sure how much they can get. Since we are a pre-settlement funding company with more than a decade of experience in helping plaintiffs get a deserved cash advance based on their case strength, Based on our lending experience, a person can receive anywhere from $500 to $300,000 in pre-settlement funding, depending on the severity of injuries and case strength. This figure can be increased to $500,000 if the injuries are life-threatening or there is a wrongful death claim.
Let’s check some of the common factors that determine the amount you can get in the form of pre-settlement funding:
- State of accident and personal injury
- Severity of injury
- Medical expenses (Past as well as future medical bills)
- Loss of employment
- Chances of recovery
- Physical disability because of someone else negligence
- Wrongful death
Few more key deciding factor for pre-settlement funding amount is
- Case Strength
- Amount Required
- Expected Time Of Settlement
- Expected Value Of Future Settlement
Before offering a pre-settlement loan, the lender will do a thorough analysis of the lawsuit, and based on their insights, they will come up with the actual figure they can offer. In general, the amount can range between $ 500 and $300,000. If a family member applies for a cash advance because they lost a loved one due to someone else’s negligence, they could receive up to $500,000 from a reputable pre-settlement funding company like ECO.
You Can Get 10–20% Of Your Predicted Settlement Money In The Form Of A Cash Advance.
To summarize how much money you can get in the form of pre-settlement funding, the easy way is to calculate the percentage range. If you have an expected settlement award of $ 20,000, you can get anywhere between 10 and 20% of the value, which is $ 2000 to $ 4000. But this amount will definitely vary from lender to lender. Even your case type and your residential state matter for this type of cash advance. So the only way to get the actual amount you can get from a pre-settlement funding company is to apply with them, share your case information, and let them get back to you with the right amount you can get.