Pre-settlement funding acts as a financial lifeline for individuals involved in car accident lawsuits, helping them bridge the gap while awaiting a final settlement. Unlike a loan you may receive following a car accident, this option lets you tap into a portion of your expected compensation from the lawsuit early, offering much-needed relief during the often lengthy legal process. For those dealing with the aftermath of a car accident, pre-settlement funding can ease the burden of covering immediate expenses, providing some peace of mind during an otherwise stressful period.
Who Qualifies for Car Accident Pre-Settlement Funding?
Wondering if you can get a pre-settlement funding or loan on a car accident settlement? You’re not alone. Whether you were injured or dealing with a heavily damaged vehicle, the financial strain following an accident can be overwhelming.
After a car accident, immediate worries often center around covering medical bills, vehicle repairs, and other essential expenses that can’t be put off. That’s where pre-settlement funding steps in. It provides financial support to those caught in the middle of legal battles or settlement negotiations, without the cumbersome application process or steep interest rates often encountered with loan companies. This option offers much-needed financial relief while waiting for a case to be resolved.
How Car Accident Pre-Settlement Funding Works
Pre-settlement funding is a refreshingly straightforward process. It starts with a quick and simple application—no mountains of paperwork like you’d find when applying for a standard bank loan. Once submitted, the approval and funding process moves much faster than a loan, providing timely financial relief when you need it most.
What really makes pre-settlement funding stand out, though, is the repayment structure. Since the money received is considered non-recourse debt, you only have to repay the funds if you win your case, which means no stressful repayment obligations if the outcome isn’t in your favor. This flexibility gives you the financial breathing room to focus on your recovery without worrying about immediate repayment deadlines.
Have you been involved with an auto accident and need help with pre-settlement funding? Oasis is here to help!
Covered Types of Car Accidents
Passenger injuries and vehicle damages from car accidents are often covered. Whether it’s a passenger in a small car rear-ended at a stoplight or someone involved in a rollover accident with a semi-truck, these incidents can result in significant injuries that pre-settlement funding can help address. Pre-settlement funding is available for a wide variety of car accident and passenger injury cases, ensuring access to financial assistance when it’s needed most.
Type of Injuries Covered
A variety of injuries from car accidents are eligible for pre-settlement funding. These include but are not limited to:
- Whiplash
- Broken bones
- Fractures
- Dislocated joints
- Lacerations
- Trauma, including PTSD
- Concussions
- Heart attacks

The Pre-Settlement Funding Process
The entire process of pre-settlement funding is quick and easy. It consists of the following steps:
1. Applying for Pre-Settlement Funding
Prior to applying, it is important to first discuss with your attorney whether pre-settlement funding is right for you and your case.
To be eligible for pre-settlement funding, you need to be a car accident victim with an active legal claim and have legal representation. If you meet these criteria, you can submit an application directly through a funding company’s website. Approval typically hinges on the strength of your case, with key factors like the potential value of your settlement playing a significant role in the decision-making process.
2. Case Evaluation
The funding company will review the specifics of your case and consult with your attorney to assess your eligibility and the potential amount of funding you may receive. Ideally, their evaluation will determine that your case is strong, holds significant value, and has a high likelihood of a successful resolution.
3. Funding Approval
Application approvals are processed quickly. Oasis Financial takes pride in its fast evaluations, with most decisions made within 24 to 48 hours.
4. Pre-Settlement Funding Agreement
Once an application is approved, the final step before disbursing funds is for Oasis Financial to secure signatures from both the plaintiff and their attorney. This pre-settlement funding agreement outlines the terms, conditions, payment schedule, and rates. Once the documents are signed and everything is in order, the funds are released.
5. Pre-Settlement Funding Process
Oasis Financial frequently offers same-day pre-settlement funding, with the funds typically delivered via Western Union, direct deposit or check.
What is Needed for a Successful Car Accident Claim?
Successfully resolving a car accident claim relies on having the proper evidence and documentation to back your case. Here is a list of important evidence and documents you’ll want to have organized:
- Relevant evidence and information at the accident scene (contact information, witness information, photos, and videos)
- Police reports
- Medical records and bills
- Insurance policy documents
- Proof of loss of income
- Property damage estimates
- Documented communication
- Admissions of fault
- Expert witness testimonials
Is There a Pre-settlement Limit?
Oasis Financial sets pre-settlement limits. These limits largely depend on various factors related to the plaintiff and the case, such as:
- Strength of the case
- Estimated case duration
- Potential settlement amount
- Severity of injuries
- Projected legal fees and court costs
- Current and future lost wages
- Available insurance coverage
- Current and anticipated medical expenses
- Any prior funding received, if applicable
Can I Get More Than One Pre-Settlement Funding Disbursement?
It’s often possible to receive more than one pre-settlement disbursement, though this depends on state regulations. Be sure to check your state’s laws for verification.
You may seek additional pre-settlement funding for reasons such as:
- Underestimating your financial needs
- A longer-than-expected case duration
- Additional loss of income
- Unexpected medical expenses
Pre-Settlement Funding FAQs
What are the Risks of Pre-Settlement Funding?
Pre-settlement funding is non-recourse debt, meaning you aren’t responsible for repaying if your case doesn’t win. This makes your financial risk very low.
Non-Recourse
Non-recourse means you don’t owe anything if your lawsuit doesn’t yield a settlement.
What Is the Probability of Defaulting?
You aren’t at risk of default since Oasis only collects fees if your case wins.
Choosing the Right Pre-Settlement Funding Company
When looking into pre-settlement funding companies to work with, it’s important to choose one without hidden fees, with a transparent process, and with a fast approval timeline.
Why Choose Oasis Financial?
As the industry leader for more than 25 years, Oasis Financial has helped over 350,000 individuals and families get financial assistance. We’re known for our easy application process, excellent customer service, and high approval rate.
Does Oasis Service Your State?
Oasis provides car accident pre-settlement funding in the following states: Alabama, Alaska, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming
Work with Oasis Financial
You’ll enjoy an easy application process that doesn’t require out-of-pocket fees when you work with Oasis Financial. To get started, connect with one of our customer service representatives.
See our FAQ page for more information.
The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. No attorney-client or confidential relationship is or will be formed by use of the site. Readers of this website should contact their attorney to obtain advice with respect to any particular legal matter. No reader, user, or browser of this site should act or refrain from acting on the basis of information on this site without first seeking legal advice from counsel in the relevant jurisdiction.
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.