If you’ve been in a car accident in Chicago, Illinois, you know firsthand how stressful this situation can be. Many people involved in auto accidents sustain injuries that cause them to be unable to work for a period of time and bills quickly pile up. This is why seeking pre-settlement funding in Illinois can be a smart decision for a lot of individuals.

Pre-settlement funding offers financial relief during legal battles, ensuring fair compensation without the burden of financial difficulties. This type of funding is a non-recourse financial solution, providing monetary aid before your lawsuit concludes. Unlike loans, if your case loses, you owe nothing, making it drastically different from a loan in its structure and repayment terms. This key difference between pre-settlement funding and loans is that funding provides peace of mind during legal proceedings, making it a financial bridge that can be a lifeline for those awaiting court settlements.

How Pre-Settlement Funding Works in Illinois

Pre-settlement funding in Illinois provides financial relief to those entangled in a semi-truck accident, motorcycle accident, or other type of auto accident in Chicago and other parts of the state.

In Illinois, securing pre-settlement funding is a simple three-step process that’s distinct from bank loans.

1 – Requesting Funding

Initiating your request for pre-settlement funding in Illinois involves contacting a funding provider and undergoing an initial case assessment. This evaluation focuses on the merits of your legal case rather than your credit history, making the process very different from usual loan assessments that heavily rely on your credit score and other financial factors.

2 – Receiving Funding

Once approved for pre-settlement funding in Illinois, recipients typically receive their funds quickly. The funding company often transfer amounts electronically to ensure swift access, aimed at supporting your immediate financial needs until your case is resolved.

3 – Repaying Funding

Upon winning your car accident lawsuit in Illinois, repayment is efficiently processed with the help of your attorney, lightening your financial worries. There is no out-of-pocket repayment. The money is repaid directly from your awarded settlement.


Have you been involved in an auto accident in Illinois and need help with pre-settlement funding? Oasis is here to help!

Apply Now

Covered Types of Auto Accidents in Illinois

In Illinois, pre-settlement funding helps victims of car accidents in Chicago and throughout the state receive support. This includes those involved in motorcycle accidents, semi-truck accident survivors, and other individuals impacted by auto accidents in Illinois.

This financial support extends to those facing hardships from various Illinois auto accidents. Whether it’s a car accident in downtown Chicago or a semi-truck accident along the Chicago Skyway, funding covers a broad spectrum of vehicular incidents. This financial support is crucial, enabling injured parties to maintain stability without succumbing to the pressure of immediate bills.

A variety of vehicles are covered by pre-settlement funding in Illinois, including cars, semi-trucks, motorcycles, and scooters.

Motorcycle Accidents in Illinois

There has been a steady rise in motorcycle accidents in Illinois, with incidents frequently occurring in dense urban areas, contrasting sharply with the sporadically reported incidents in rural spots. Motorcycle accidents are notably dangerous, and the injury rate for these incidents outpaces those from car accidents in Illinois.

Since motorcyclists face higher risks than drivers of standard vehicles in Illinois, with accidents for them more likely to result in severe injuries or fatalities, the need for informed legal and financial decisions is critical, and pre-settlement funding is an important resource for victims. In Illinois, motorcycles and scooters are often eligible for pre-settlement funding after an accident.

Scene of motorcycle accident

Car Accident Lawsuit Funding in Illinois

Driving in Illinois presents unique hazards. Chicago auto accidents, propelled by crowded streets and erratic weather, significantly increase litigation and cases that qualify for pre-settlement funding. State-wide, Illinois car accidents reflect diverse challenges, from urban congestion to high-speed driving on highways and in rural areas.

One of the top risks when driving in Illinois is double-parked vehicles in Chicago, which often contribute to accidents. Pedestrians are another issue as they navigate alongside bustling Illinois streets, sharing space with vehicles. The unpredictability of pedestrian movements requires drivers to always remain alert and their presence significantly increases the risk for both drivers and pedestrians, leading to potential accidents.

Erratic weather patterns, unruly wildlife, and unpredictable road closures are other incidents that heighten car accident risks in Illinois, elevating the demand for pre-settlement funding in Chicago and the rest of the state.

Semi-Truck Accidents in Illinois

The large number of semi-truck accidents in Chicago display the high risks on highways. Illinois sees thousands of semi-trucks daily, crossing state lines and crowding highways. These massive vehicles present distinct risks due to the prevalence and severity of accidents involving them. Because of this, semi-truck accidents in Illinois significantly impact pre-settlement funding considerations amid litigations.


Have you been involved in an auto accident in Illinois and need help with pre-settlement funding? Oasis is here to help!

Apply Now

Covered Types of Passenger Injuries in Illinois

You might find yourself hit with unexpected bills after a car accident in Illinois. Pre-settlement funding covers a variety of passenger injuries and can help you cover expenses until your case settles.

Type of Injuries Covered

Some of the most common injuries from auto accidents in Illinois that are covered by pre-settlement funding include:

  • Whiplash – This often results from an auto accident and can cause severe discomfort.
  • Broken bones – This injury can limit one’s mobility, ranging from mild to severe levels of immobilization.
  • Fractures – Another common injury from auto accidents that can result in long-term recovery challenges.
  • Lacerations – One of the most common injuries in motorcycle and car accidents.
  • Trauma – Many auto accident victims experience a negative impact on their mental health following an auto accident, exacerbated by the additional financial stress.

Covered Types of Pedestrian Injuries in Illinois

In Illinois, pedestrians struck by a car, motorcycle, or semi-truck might sustain critical injuries that halt their ability to work, making them eligible for pre-settlement funding assistance. Similar to the injuries listed above, pedestrian injuries from these accidents that are eligible for pre-settlement funding include broken bones, whiplash, lacerations, and traumatic brain injuries.

For example, say Will was walking to get lunch in downtown Chicago and, while crossing the street, he was struck by a motorcycle that ran a red light. Will ended up with several broken bones, some lacerations, and a concussion and isn’t able to work for many weeks. Not only is he not working, but he’s burdened with medical bills from his injuries, making him a good candidate for seeking pre-settlement funding in Illinois.

How Does Pre-Settlement Funding Work in Illinois?

In Illinois, pre-settlement funding offers peace of mind by providing financial support for victims of car, motorcycle, and semi-truck accidents who are awaiting court settlements. There are five main steps to this process.

Before applying for pre-settlement funding, it is important to first discuss with your attorney to understand if pre-settlement funding is appropriate for you and your case.

Step 1. Applying for Pre-Settlement Funding

You initiate your journey by contacting a reputable funding company, such as Oasis Financial. We’ll guide you through the application steps, focusing on essential documentation and stipulations. For example, to seek pre-settlement funding in Illinois, you must be a resident of the state and have an active injury claim that relates directly to the lawsuit filed, like an auto accident. You don’t, however, need to worry about credit scores since this is not a factor considered for approval.

Step 2. Case Evaluation

Next, your pre-settlement funding provider will do a thorough case evaluation, meticulously analyzing your case’s strength and potential compensation to determine pre-settlement funding eligibility. Your case will be evaluated for pre-settlement funding in Illinois based on accident type, liability clarity, potential compensation amount, and Illinois state laws.

Step 3. Funding Approval

Once you’ve submitted your application for pre-settlement funding in Illinois, approval typically follows swiftly. Most applicants will have learned if their case qualified for assistance within 24-48 hours. However, not all applicants get approved since the strength of each of the factors listed above will determine the outcome.

Step 4. Pre-Settlement Funding Agreement

Upon approval, you’ll sign a contract outlining the terms of your funding, should your case have a successful outcome.

Step 5. Pre-Settlement Funding Process

After approval, funds are typically delivered within 24 to 48 hours post-approval, ensuring you receive essential financial support without delay. Disbursement methods include direct bank transfers & Western Union, facilitating immediate access to your pre-settlement funding in Illinois.

Is There a Pre-Settlement Limit?

Pre-settlement funding limits in Illinois are set by the funding company. The limits are dependent on case value and take the following factors into consideration:

  • Case strength
  • Potential amount of settlement
  • Extent of injuries
  • Current and future medical bills
  • Estimated legal fees and court costs
  • Current and future lost wages
  • Insurance coverage
  • Estimated duration of case
  • Any previous funding received, if applicable

Can I Take Out More Than One Pre-Settlement Funding?

While you can take out more than one pre-settlement funding, it will be subject to the funding company’s assessment. More than one pre-settlement funding may be necessary if:

  • Case is taking longer than anticipated
  • Financial needs weren’t calculated correctly
  • Unforeseen medical expenses arise
  • Unexpected additional loss of income

person receiving pre-settlement funding money

Pre-Settlement Funding FAQs

While pre-settlement funding is a wonderful option for those encountering financial struggles while in the middle of a personal injury lawsuit from an auto accident, it’s still important to consider the pros and cons before applying.

What are the Risks of Pre-Settlement Funding?

Pre-settlement funding in Illinois for auto accident lawsuits is a non-recourse obligation. This means you won’t be responsible for repaying if your case doesn’t win, so there is very little financial risk to you. 

Non-Recourse Obligation

Non-recourse obligation means you owe nothing if your lawsuit doesn’t result in a settlement or award.

What Is the Probability of Defaulting?

Since Oasis only gets paid if your case is won, you aren’t at risk of default.

Choosing the Right Pre-Settlement Firm

If you decide to apply for pre-settlement funding, make sure the Illinois firm you choose to work with has a transparent process, no hidden fees, and a fast approval timeline.

Do You Need Pre-Settlement Funding?

When considering pre-settlement funding, identify if you really need it by asking yourself the following questions during the decision-making process:

  • What is my level of current financial pressure?
  • Do I want to tap into my savings or leave it untouched?
  • Do I need help to stay current of all my bills and avoid debt collectors?
  • Have I lost wages and am out of work for an extended time due to serious injuries?
  • What is the anticipated length of the wait for my personal injury settlement?

When thinking all this through, also keep in mind that pre-settlement funding can be used as a back-up plan.

Why Choose Oasis Financial?

For more than twenty years, Oasis Financial has been helping plaintiffs and their families access their settlement funds when they most need it. As industry leaders, we’ve worked over 350,000 pre-settlement financing cases with a variety of clients and cases.

We understand how difficult and stressful auto accident lawsuits can be and are committed to serving you as quickly and easily as possible.

Locations for Auto Accident Lawsuit Pre-Settlement Funding in Illinois

No matter where you live in Illinois, Oasis Financial has you covered. We provided funding throughout the state, covering every region:

Chicago, Aurora, Joliet, Addison, Algonquin, Alton, Arlington Heights, Bartlett, Batavia, Belleville, Belvidere, Berwyn, Bloomingdale, Bloomington, Blue Island, Bolingbrook, Buffalo Grove, Burbank, Calumet City, Carbondale, Carol Stream, Carpentersville, Champaign, Chicago Heights, Cicero, Collinsville, Crest Hill, Crystal Lake, Danville, Darien, Decatur, DeKalb, Des Plaines, Dolton, Downers Grove, East Moline, East Peoria, Edwardsville, Elgin, Elk Grove Village, Elmhurst, Elmwood Park, Evanston, Frankfort, Freeport, Galesburg, Geneva, Glen Ellyn, Glendale Heights, Glenview, Granite City, Grayslake, Gurnee, Hanover Park, Harvey, Highland Park, Hoffman Estates, Homer Glen, Huntley, Kankakee, Lake in the Hills, Lansing, Libertyville, Lisle, Lockport, Lombard, Loves Park, Machesney Park, Maywood, McHenry, Melrose Park, Moline, Montgomery, Morton Grove, Mount Prospect, Mundelein, Naperville, New Lenox, Niles, Normal, North Chicago, Northbrook, O’Fallon, Oak Forest, Oak Lawn, Oak Park, Orland Park, Oswego, Palatine, Park Forest, Park Ridge, Pekin, Peoria, Plainfield, Quincy, Rock Island, Rockford, Rolling Meadows, Romeoville, Roselle, Round Lake Beach, Schaumburg, Skokie, South Elgin, South Holland, Springfield, St. Charles, Streamwood, Tinley Park, Urbana, Vernon Hills, Villa Park, Waukegan, West Chicago, Westmont, Wheaton, Wheeling, Wilmette, Woodridge, Woodstock, Yorkville, Zion

Recap of Key Takeaways

Pre-settlement funding offers vital financial support for those entangled in car accident claims, motorcycle accident cases, or semi-truck accident disputes in Chicago and throughout the state of Illinois. It bridges the financial gap during prolonged legal battles, allowing claimants have peace of mind and preventing them from succumbing to financial pressures, regardless of their credit situation.

Work with Oasis Financial

If you’re looking for pre-settlement funding in Illinois, look no further than Oasis Financial. You’ll appreciate our hassle-free application process that doesn’t require any out-of-pocket fees. Pre-settlement funding can help you focus on your legal strategy while giving you the time needed to get the full settlement you’re owed.

Check out our FAQ page for answers to the most common questions we receive. You can also connect with one of Oasis Financial’s dedicated customer service representatives through our application page to get started on your pre-settlement funding case.

We look forward to working with you!

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.