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Pre-settlement funding vs personal loan
Pre-settlement funding is different from a traditional personal loan because review is tied to a pending legal claim.
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Funding overview
Key differences between funding and a loan
A personal loan typically depends on credit, income, monthly payments, and personal repayment obligation. Pre-settlement funding review is tied to an attorney-backed claim and potential case proceeds.
Who may qualify
Applicants usually need an active injury claim, attorney representation, a possible recovery source, and enough case information for underwriting review. Approval is never guaranteed and funding may not be available in every situation.
Attorney verification
Your attorney may be asked to confirm case status, liability, insurance, liens, prior funding, treatment, and the expected settlement path before any funding decision is made.
Case types and examples
Injury plaintiffs may compare options when rent, utilities, medical bills, or transportation costs cannot wait for settlement.
No credit check, bad credit, and timing
Pre-settlement funding review is based primarily on the claim, not traditional credit underwriting. Bad credit or lack of employment does not automatically stop a review. Timing depends on the application, documents, attorney response, approval, signed terms, and funding method. Same-day funding may be possible when verification is completed quickly.
Documents that helpAttorney contact, accident date, claim number, insurance information, treatment summary, prior funding details, and requested amount.
After applyingA specialist reviews the file, may request attorney verification, explains the next step, and provides terms before funds are accepted.