Eligibility for Pre-Settlement Funding

Ever wondered what types of cases are eligible for pre-settlement funding? Then, you have come to the right place. Pre-settlement funding or lawsuit funding, as everybody knows, is an option that plaintiffs could use while waiting for a verdict. But what types of cases are considered as eligible? Let's look at this issue in detail.

Pre-Settlement funding is designed in such a way that it helps in relieving the financial burden on the claimant. Hence the cases that attract more attention are the one's that cause a significant amount of financial burden to the complainant. Therefore the cases that involve a personal injury to the claimant due the fault of the defendant are sure win assistance. The assistance declared may vary depending on the severity of the case.

Industrial accidents due the negligence of the employer, dog bites, nursing home negligence and medical malpractice are some instances that usually win the assistance. The pre-settlement funding in these cases is to help the plaintiff pay for the medical expenses and also for the time that the plaintiff had to waste due to the injury. The cash advancement is made while the trial is still in progress. If the claimant wins, he/she is required to pay the amount back to the funding company. But if the claimant loses the trial, there is no requirement of paying back the settlement amount.

Cases which involve a slip, fall or any other accidents at a construction site due the negligence of the owner are also eligible for this type of assistance. The cases with these types of background are fairly common as many large companies undertake construction or repair work at their premises. If the area is potentially dangerous or if there is no proper functional warning system, then cases are bound to happen. Hence claims like the above are relatively more common and they more than often win the assistance.

The most common of cases that apply for pre-settlement funding are the ones that involve personal injury in a traffic accident. There might have been an injury due the negligence of the defendant. The person driving might have used the phone while driving, or was under the influence of alcohol or jumped a red signal; in any case the negligence of the driver may cause serious injury. Since accidents are common, claims of this type are too. The claimant applies for this type of funding to help him/her pay the medical bill while still waiting for the case to settle.

You may apply online with a funding company like FairField Funding for pre-settlement funding or any other type of lawsuit loans. The details of the information of the case that you submit are reviewed. And if you are entitled to a pre-settlement, the cash advances are made. This will surely help your relax your financial burden while waiting for the lengthy legal procedures.