Navigating the financial aftermath of an auto accident can be overwhelming, especially if you’re facing mounting medical bills and repair costs while waiting for your insurance claim or lawsuit to settle. For residents of New York, a specialized financial solution known as pre-settlement funding following an auto accident can provide much-needed relief. At Oasis Financial, we’re committed ensuring you have the support you need during this challenging time.
What is Pre-Settlement Funding?
Pre-settlement funding is a financial product designed to assist individuals who are involved in personal injury lawsuits or claims, including those related to auto accidents. Unlike a loan, these funds are provided based on the potential value of your legal claim rather than your credit score or income. If approved, the funds are provided to you as a non-recourse financial solution, meaning there is no risk to you. If you lose your case, you don’t have to pay the funds back, giving you greater peace of mind as you solve urgent financial needs today.
How to Get Pre-Settlement Funding for an Auto Accident in NY: Step-by-Step
- Evaluate Your Eligibility
Before applying for pre-settlement funding for an auto accident in New York, assess your eligibility. Generally, you must have an active personal injury claim or lawsuit related to the auto accident. Funding companies will work directly with your attorney to review the strength of your case and determine your potential eligibility for funding.
Have you been involved in an auto accident in New York and need help with pre-settlement funding? Oasis is here to help!
- Choose a Reputable Company
Selecting a trustworthy funding company is crucial. Look for financial institutions who specialize in pre-settlement funding and have a solid track record of supporting clients in auto accident cases. At Oasis Financial, we pride ourselves on transparent, client-focused service, including having dedicated New York representatives, to ensure that you understand every aspect of your funding. We always consult with your attorney to make sure they are supportive of securing pre-settlement funding for your auto accident.
- Submit Your Application
The application process typically involves providing details about your auto accident and legal case. You’ll need to share information about your injuries, the extent of damages, and your attorney’s contact details. At Oasis Financial, our application process is straightforward and designed to get you the help you need quickly.
- Provide Case Information
Once you’ve submitted your application, your funding company will review the details of your case. This usually involves coordinating with your attorney to assess the potential value of your claim. This step is crucial for determining the amount of funding you may qualify for.
- Receive Funding
If your application is approved, you’ll receive a lump sum of money that can be used to cover medical bills, living expenses, or vehicle repairs. At Oasis Financial, we strive to provide prompt funding, often within a few days, so you can focus on your recovery rather than financial stress.
- Repayment
Auto accident funding is repaid from the proceeds of your legal settlement or court award. If your case does not result in a settlement or award, you do not have to repay the loan. This non-recourse nature of the funding helps provide peace of mind during a challenging time.
Have you been involved in an auto accident in New York and need help with pre-settlement funding? Oasis is here to help!
Benefits of Pre-Settlement Funding of an Auto Accident in NY
- Immediate Financial Relief: Access funds quickly to manage urgent expenses while your case is still pending.
- No Upfront Repayment: Money is only owed from your settlement, minimizing immediate financial pressure.
- No Credit Check: Since pre-settlement fundings are based on the value of your claim rather than your credit score, these fundings are accessible even with poor credit.
- Flexibility: Use the funds for a wide range of expenses, including medical bills, car repairs, and daily living costs.
Why Choose Oasis Financial?
At Oasis Financial, we understand the stress and uncertainty that follow an auto accident. Our goal is to provide you with the financial support you need while ensuring a smooth, transparent process. Here’s why you should choose us:
- Expertise in Auto Accident Funding in New York for 20 Years: We specialize in pre-settlement funding for auto accident cases, offering tailored solutions to meet your needs, and we’ve been funding plaintiffs with auto accident cases in New York for over 20 years.
- Fast and Reliable Service: Our application process is efficient, and we aim to provide quick funding to help you manage expenses without delay.
- Client-Centered Approach: We work closely with your attorney to ensure that you receive the best possible support throughout the funding process.
- Transparent Terms: We offer clear, upfront information about funding terms, so you know exactly what to expect.
Conclusion
Securing a pre-settlement funding following an auto accident in NY can provide crucial financial relief during a challenging period. By understanding the process and choosing a reputable funding company like Oasis Financial, you can navigate this process with confidence and focus on your recovery. If you have any questions or need assistance with your application, our team is here to help every step of the way.
For more information or to apply for an auto accident pre-settlement funding, visit Oasis Financial today and discover how we can support you in your time of need.
Oasis provides pre-settlement funding, also known as consumer litigation funding, to its customers through different products depending on their state of residence or cause of action. Many consumers will be provided pre-settlement funding in the form of a purchase agreement, which assigns a portion of the pending proceeds from their legal claim. Other consumers, such as those in SC and CO will be offered a funding in the form of a pre-settlement loan, sometimes referred to as a lawsuit loan. These transactions have important differences, therefore, consumers should carefully review and be aware of the type of transaction that is offered to them by any funding company.