High Approval Rate Injured And Need Money Now? CALL NOW (718) 750 3360

Cases we fund additional info

Cases we fund additional info

What is a Personal Injury Lawsuit Cash Advance?

Personal injury lawsuit advances, or legal funding, offer injured plaintiffs a cash advance on their injury lawsuit. With Number One Funding NY, once we have discussed and verified the details with the attorney, and have evaluated the case, we’ll offer the client a lawsuit cash funding. The client will have the money within 24-48 hours of signing the paperwork. This is a non-recourse advance. This simply means it DOES NOT need to be paid back to us if the case is not settled or if there isn’t another financial recovery. Many accident victims are forced to miss work, often for an extended period, and the expenses do not stop because they cannot work. Unfortunately, the legal process always takes longer than you expect. In some circumstances, you may not get paid for years. Additionally, insurance companies frequently use a strategy of prolonging the procedure and delaying payment of your claim in the hopes that you would get desperate and accept less than you are entitled to. An advance on your lawsuit gives the attorney the time they need to fight for your deserved compensation while simultaneously giving you the cash you need to cover your expenses.

What Expenses Can Be Paid By Personal Injury Cash Advance?

Personal injury advances will provide immediate cash from your expected settlement to assist you while you face mortgage payments, high medical costs, or piling debt. There are no restrictions on how cash advances may be used. The money you receive is yours to do with as you like once you have it.

Some everyday expenses you can use your personal injury advance for include:

  • Rent or mortgage payments
  • Paying off debt
  • Medical bills
  • Investments
  • Groceries and utilities
  • Purchasing a new vehicle

You can use the funds as you choose because you don’t have to worry about paying back your lawsuit advance until you’ve received your settlement or any financial recovery. The funds from the case, not your personal assets, will be used to repay the total payoff amount.

A lawsuit cash advance might give you a financial safety net that influences how you pursue your lawsuit and pay your expenses. For example, you might feel more at ease waiting for a lengthy period to settle your case if you have a sizable nest egg at your fingertips. Additionally, you can increase your settlement size if your attorney has more time to build your case.

Image
Image

Am I Qualified for a Personal Injury Pre-Settlement Cash Advance?

It’s a quick and easy process to qualify for a personal injury pre-settlement advance. To determine if you are potentially qualified for personal injury pre-settlement funding, you must meet the following conditions:

  • You have brought a lawsuit against an insured party.
  • You’ve retained a lawyer on a contingency basis.

Generally speaking, you’ll be eligible for a pre-settlement cash advance if you’re awaiting a settlement. Since litigation cash advances are non-recourse, there are fewer legal funding requirements than traditional loans. In addition, your credit history or employment status is irrelevant because you are not required to pay them back with your own money. Therefore, a credit check is NEVER part of the process.

Residents of New York can qualify for pre-settlement funding from us. We can assist you in borrowing money if you have filed a personal injury claim or have a lawyer representing you in court.

How Much Can I Get in Personal Injury Lawsuit Cash Advance?

We have no predetermined amount you can get for your personal injury lawsuit cash advance in New York, as it’s dependent on the type of case and the facts of the case. However, we will advance a minimum of $500 in pre-settlement funding with no set maximum amount. Remember, we will NEVER charge you any fees upfront.

How Risky Is Legal Funding for Personal Injury Claims?

Legal funding for personal injury lawsuits carries zero risk and isn’t a loan. Legal funding advances are not debt and are NEVER reported to the credit bureaus. Pre-settlement and post-settlement legal funding is the best option while you wait for your personal injury case to settle. As always, we take 100% of the risk!

Interest rates:

We offer a low interest rate of 2.75% that is compounded monthly, whereas other companies may charge higher interest rates which can reach 9% or more! Remember: you don’t pay us anything if you lose your case!

Open and transparent funding process:

Although there are no official regulations regarding pre-settlement funding at the federal level, we strive to be honest and transparent with every client we interact with. There are also NO FEES involved when you first apply. In addition, we ensure only to assist clients with a personal injury attorney advocating for them, protecting their legal and financial interests.

You don’t pay if you don’t win your lawsuit:

You won’t be required to repay us if the court rules against you in your case. Therefore, you are protected because you only pay us if you win your case or receive any financial recovery.

How to Apply for a Personal Injury Settlement Cash Advance?

Applying for pre-settlement funding through Number One Funding NY is a quick and easy process. We do not consider your credit score, background history, or employment status. We only consider the merits of your case.

How Does Personal Injury Lawsuit Cash Advance Repayment Work?

Personal injury advances are not traditional loans. The majority of traditional lenders require repayment from borrowers regardless of the situation. On the other hand, advances from personal injury cases are non-recourse, so you are not required to pay them back if your case is unsuccessful. Therefore, there is absolutely zero risk. The repayment process is straightforward because your lawyer repays us, Number One Funding NY, with a portion of your proceeds at the end of the lawsuit. You don’t have to do anything! So sit back, relax, and let us and your attorney do the rest. You keep the rest of your rightfully earned compensation.

Follow these 3 steps to apply for lawsuit funding with us:

01
Step 1: Fill Out Application

Complete the application on our website and send all necessary documents for our review. You may use our live chat option or call (718) 750 3360 to get started or if you have any questions.

02
Step 2: Get a decision.

Our underwriting department will review it, and contact your attorney to notify them of your application and to get more information if necessary. Then our team will assess your application and give you the results of the cash advance decision within 24 hours.

03
Step 3: Receive your Payment

Upon approval and when all agreements have been signed, the funds will be sent out to you. The funds you receive can be used to pay for medical bills, personal expenses, or anything else.

Personal Injury cases we fund:

Tab
Car Accident
Truck Accident
Slip & Fall
Motorcycle Accident
Pedestrian Injury
Bus Accident
Premises Liability
Dog Bites
Boating Accidents
Construction Accident
Wrongful death

Car Accident

Truck-accident victims involved in personal injury litigation can apply for a lawsuit cash advance. Truck collisions almost usually result in severe injuries or fatalities. Due to its size and weight, even a minor impact could have horrific consequences for victims.

Truck accidents can be the result of many reasons, such as:

Drunk driving
Speeding
Texting while driving
Fatigue or falling asleep due to the long hours on the road
Lack of maintenance
Defective or faulty auto parts
Reckless driving

Since many renowned companies generally own 18-wheeler trucks, the commercial insurer will make every effort to give you the smallest settlement possible. Unfortunately, this results in lengthy legal disputes and a year or more waiting for your recovery. Lawsuit advances are the solution if you require money but cannot wait for your lawsuit to resolve. Plaintiffs can get a cash advance before the case is resolved.

Truck Accident

Truck-accident victims involved in personal injury litigation can apply for a lawsuit cash advance. Truck collisions almost usually result in severe injuries or fatalities. Due to its size and weight, even a minor impact could have horrific consequences for victims.

Truck accidents can be the result of many reasons, such as:

Drunk driving
Speeding
Texting while driving
Fatigue or falling asleep due to the long hours on the road
Lack of maintenance
Defective or faulty auto parts
Reckless driving

Since many renowned companies generally own 18-wheeler trucks, the commercial insurer will make every effort to give you the smallest settlement possible. Unfortunately, this results in lengthy legal disputes and a year or more waiting for your recovery. Lawsuit advances are the solution if you require money but cannot wait for your lawsuit to resolve. Plaintiffs can get a cash advance before the case is resolved.

Slip & Fall

Slip & Fall

Motorcycle Accident

Motorcycle Accident

Pedestrian Injury

Pedestrian Injury

Bus Accident

Bus Accident

Premises Liability

Premises Liability

Dog Bites

Dog Bites

Boating Accidents

Boating Accidents

Construction Accident

Construction Accident

Wrongful death

Wrongful death

Get in Touch