Settlement Loans

Lawsuit Loans for Settled Claims

After you have reached the end of your lawsuit, you may think that all of the waiting is over. However, you may find that you still have a fair bit of waiting to do before you receive your hard-earned money. Uplift can grant you a non-recourse cash advance. Non-recourse means that if you do not win your case, you get to keep the cash advance. At Uplift, our goal is to help you through a difficult situation, not make it more stressful.

Sometimes it can take weeks or even months before you receive your settlement. This is where a cash advance from Uplift Legal Funding can help. We offer settlement loans as soon as the next business day. Often, after having waited months or years for a settlement, you have lots of expenses that need to be paid now.

The same is especially true for pre-settlement loans. This is because you never know when a case will settle. Living expenses are bound to keep adding up. With a lawsuit loan, you will be able to pay for those living expenses while you fight for fair compensation on your case.

With a settlement loan from Uplift Legal Funding, you will be able to make those payments while still waiting for that settlement check to come in the mail. Get started today by contacting one of our personal injury case managers. If you need the money and want to get cash now, call us today. We can get you a lawsuit loan often within 24 hours of attorney approval.

What’s the difference between pre-settlement loans and settlement loans?

With pre-settlement loans, legal funding companies like Uplift must review your entire case. Because there is less certainty about the amount you will receive from your lawsuit if and when it settles, we can only advance 10% to 15% of the expected gross settlement value, or about 25% of the expected net settlement value.

Once your case has settled, the process is much easier. We just need a small amount of information from your law office to get you approved. The review process can take as little as a few minutes, and we can provide funding of up to 50% of the net amount you expect to receive from your lawsuit.

How much can I qualify for?

If your lawsuit has settled in your favor, Uplift can typically approve you for 50% of the net amount you will receive from your settlement.

A net settlement is basically the total settlement amount less all deductible expenses. These include, but are not limited to:

• Litigation expenses
• Attorney’s contingency fees
• Medical bills
• Statutory liens
• Any existing pre-settlement funding liens

Before the attorney can send you your portion, all of the above expenses must be paid. The largest part of your settlement will most likely go to your attorney as part of the contingency fee most personal injury attorneys charge.

Here’s an example: Say you win a personal injury settlement of $75,000. Your attorney’s fee is a typical 33% (taken after court expenses), your medical expenses might be $20,000, and other expenses might be around $1,000. In that example, your net settlement would be $29,000.

Here at Uplift Legal Funding, we would be able to advance you 50% of your net settlement. So, in this case, you would qualify for about $14,500 of pre-settlement funding.

Lawsuit loans, while extremely helpful, are expensive! Even with the low rates offered by Uplift Legal Funding, lawsuit loans still take out a portion of your settlement. At Uplift, we always advise that you take only what you absolutely need to scrape by. We want you to keep as much of your settlement in your own pocket as possible.

How a post-settlement loan can help you

Lawsuit loans can help you by tiding you over until you receive your settlement. Sometimes there are unexpected delays, and it can take several months to receive your net settlement. When these delays happen, you will want a post-settlement loan from Uplift Legal Funding.

You can use the settlement loan for whatever you want. Typically, people use lawsuit loans to cover living expenses. These include, but are not limited to:

• Rent/mortgage
• Bills
• Medical bills
• Child support
• College tuition
• Car payments

Uplift does not have any limitations on what you can use the pre-settlement or post-settlement funding for. You do not even have to spend it; you can keep it in your bank account if it gives you peace of mind.

How quickly can you get a post-settlement loan?

It all depends on how quickly your attorney supplies us with the requested documentation. Once we receive your complete file, we can make a funding decision in as little as 24 hours. If approved, we can fund your settlement loan as soon as the same day.

We understand that your lawsuit was probably emotionally and mentally draining. The added stress of not being able to access your settlement can be unbearable. This is why we offer such a quick turnaround for our settlement loans.

What kinds of cases does Uplift grant settlement cash advances on?

Uplift Legal Funding grants pre-settlement loans on most personal injury cases, from medical malpractice to accidents due to road construction. Below, we have listed just a few of the cases we provide funding for.

• Wrongful death
• Medical malpractice
• Auto accidents
• Premises liability
• Workers’ compensation
• Many other personal injury and non-personal injury claims

In certain cases, lawsuit loans can not only provide peace of mind but also enable you and your attorney to seek a higher settlement. This is because you will not have to accept any initial lowball offers made by the insurance company. You can increase the value of your case by getting maximum medical treatment. This increase in the value of your case means an increase in how much you will get in your pocket from the lawsuit.

What rates does Uplift Legal Funding charge on a post-settlement cash advance?

Uplift offers some of the lowest rates for settlement loans in the industry. Our rates are between 17.5% and 22.5% in non-compounding fees. Non-compounding means that you are only charged interest on the principal value of your advance.

We are so confident that our rates are the best that we guarantee we can beat any post-settlement funding contract you send us.

Settlement funding with Uplift Legal Funding

When you get a settlement loan from Uplift, we can guarantee that you are getting the best possible deal. We offer post-settlement loans for most personal injury cases. This is equally true for pre-settlement loans.

Get started now and call one of our personal injury case managers. If you need cash now, apply today. We can get you funding often within 24 hours of attorney approval.