Don’t wait for your settlement check to come in the mail – follow these steps to get your money now. If you’ve ever been involved in any kind of litigation (from accidents to personal injury claims). Then you know how quickly things can escalate, and you should also know that the last thing on your mind during this time is getting your settlement money now. But here’s the thing – it’s important to take action right away! If you don’t get your settlement money now, it might not be there when you do decide to get it.
Accurately Estimate How Much You Will Be Getting
Before you can even calculate how much you’ll be receiving, you need to know how much of a settlement you should expect. There are a number of different factors that may impact your overall settlement, but three questions will help get things started:
1) Were you injured as a result of someone else’s negligence?
2) What type of damages will be awarded by way of compensation (medical expenses, lost wages, property damage)?
3) How long did your pain and suffering last?
Answering these three questions will help provide an estimate of your settlement amount.
Sign Up With A Cash Advance Company
Cash advances are a safe, simple, and fast way to tap into a small portion of your future earnings before they hit your bank account. You should be able to get anywhere from $5000 – $1,00,000 by filling out a short online application and getting approved within 24 hours.
You can then choose how much you’d like to borrow or use their calculator tool to see how much you can afford and what it will cost you on an installment plan over time (usually two weeks).
In most cases, cash advances are borrowed against future paychecks, so your initial costs are low, but each payment accrues interest until you pay off that advance completely — which is why it’s important not to borrow more than what you can quickly pay back with next paycheck.
Receive Loan Against Future Settlement
Receive a loan from a company that works with future settlements. A company that deals with future settlements usually do not charge any interest because it does not receive payment until after all legal proceedings are over. The most popular company that works with the future is ECO Pre-settlement funding. However, there may be other pre-settlement funding companies willing to take on your case. You could also consider using a loan refinancing or consolidation firm or even just going through a private creditor or investor if you have one lined up already.
Get Paid Fast (Mostly Within 24 Hours!)
Obtaining a personal injury settlement or judgment is no easy task, but it can be very tempting to cash out quickly when you have a significant amount of money on hand. If you want to take advantage of an opportunity that comes along (like a sudden career change), by all means, go ahead and access those funds immediately. However, if there are any future goals you’d like to set for yourself and/or your family (such as buying a house), it’s highly recommended that you delay cashing out until everything is squared away. That way, if something unexpected were to happen and push back any of those goals, you wouldn’t find yourself without financial resources as well.
Summing Up
Many settlements include settlement checks that come in the mail several weeks after they are issued. But what if you can’t wait that long to get your money? Depending on the type of settlement you have, you may not receive your money all at once. Insurance settlements, in particular, may be paid out over time to cover medical expenses. Others may offer an installment plan so that you can pay off your debts with your settlement. Whatever the case, there are ways to get your money now if you need it more quickly than it will arrive in the mail.
The above pre-settlement loans guide explains how to get your settlement money now and what steps to take to make sure you’re not being taken advantage of by third parties offering their services for a fee.