Pre-settlement funding is distinct from loans. Unlike a loan, where repayment is a certainty regardless of the lawsuit’s outcome, pre-settlement funding in New York offers a no-risk option. You repay the funds only if you win your auto accident lawsuit and secure a car accident settlement. This non-recourse structure ensures New York residents’ financial stability isn’t jeopardized in legal cases ranging from motorcycle accidents to truck accidents.

Who Needs Pre-Settlement Funding?

Anyone grappling with a personal injury lawsuit in New York state may greatly benefit from pre-settlement funding. Financial burdens from auto accidents, including medical bills and legal costs, quickly add up and can become overwhelming. Even for those caught in the lengthy settlement process from a semi-truck accident that occurred in New York, pre-settlement funding offers a lifeline and brings financial peace of mind during a stressful time.

For example, imagine Brian – the sole provider for his wife and 3 children – becomes injured in a car accident on I-495 and is unable to work during the recovery process. Pre-settlement funding would allow Brian and his family to sustain a healthy standard of living while he recovers and waits for his settlement payout.

How Pre-Settlement Funding Works In New York

In New York, securing pre-settlement funding involves a distinct process tailored to meet state requirements. The first step in the pre-settlement funding process is to request funding. Applicants must first discuss with their attorney whether pre-settlement funding is the right option for them. The next step it to submit a brief online application, demonstrating involvement in a personal injury lawsuit (such as an auto accident) and detailing their case. This contrasts with the extensive paperwork banks require for a loan.

After funding is requested, a review of the merits of the caseby the funding company takes place, taking into consideration New York’s auto collision and personal injury settlement norms. Securing pre-settlement funding in New York is actually more straightforward and faster than the process of obtaining a loan. Following the submission of an application, a quick evaluation by funding experts takes place, focusing on the lawsuit’s merits rather than the applicant’s financial standing. Often, approvals are often granted within 24-48 hours, a vast difference from the weeks, and sometimes months, banks take to approve a loan.

Ultimately, funds arrive rapidly, providing immediate relief from financial strains without the burden of immediate repayment traditional loans require. You repay pre-settlement funding only if you win your car accident lawsuit, with no obligation otherwise.


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

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Importance of Pre-Settlement Funding In New York

For New Yorkers entangled in personal injury lawsuits, pre-settlement funding provides a vital financial bridge. It offers relief from mounting bills that are unavoidable when involved in a court case and empowers stronger settlement negotiations.

For someone like Brian, pre-settlement funding can help him pay for living expenses without going into further debt by racking up credit card balances or prematurely settling his case for a lesser amount. This funding is especially important for residents of New York City, where the cost of living is much higher than the national average.

Car Accident on streets of New York

Covered Types of Auto Accidents In New York

In New York, pre-settlement funding supports victims of car accidents, including those involving motorcycles, semi-trucks, and passenger injuries resulting from auto collisions. This extends to incidents across New York State, from New York City streets to roads upstate.

In New York City, navigating through high traffic and bustling pedestrian areas elevates the risk of auto accidents with so many people traveling by different methods of conveyance.

Motorcycle Accidents In New York

In New York, there are an alarming number of motorcycle crashes. There are a reported 166 annual deaths from motorcycle accidents and, compared to riders in the rest of the state of New York, those riding in NYC are almost twice as likely to die in their road accidents.

With these accidents come the legal struggles for compensation, making victims eligible for pre-settlement funding.

Car Accident Lawsuit Funding In New York

In New York, victims of car accidents often face financial strain awaiting settlements. Pre-settlement funding covers immediate expenses until compensation is secured. This option is available for scenarios ranging from minor collisions to severe crashes across the state, including the highly trafficked areas of New York City.

Semi-Truck Accidents In New York

New York semi-truck accident data is also concerning. According to the Institute for Traffic Safety Management & Research (ITSMR), there were about 16,467 large truck accidents in New York in 2021. Approximately 15,606 of these accidents were severe enough to be reported to the police.

These large vehicles are often involved in collisions that necessitate pre-settlement funding for those injured.

Covered Types of Passenger Injuries In New York

In New York, pre-settlement funding extends to cases involving severe passenger injuries from car accidents, motorcycle crashes, and semi-truck collisions. Eligibility encompasses a range of incidents, ensuring victims who were passengers during an accident have access to financial support during challenging times.

Type of Injuries Covered

There are various passenger injuries from auto accidents that are eligible for pre-settlement funding in NY including but not limited to:

  • Whiplas
  • Broken bones
  • Fractures
  • Dislocated joints
  • Lacerations
  • Trauma, including PTSD
  • Concussions
  • Heart attacks

Have you been involved in a car accident in New York and need help with pre-settlement funding? Oasis is here to help!

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How Does Pre-Settlement Funding Work In New York?

In New York, securing pre-settlement funding involves four main steps: application submission, case assessment, approval, and fund disbursement.

Step 1. Applying For Pre-Settlement Funding

Before applying for pre-settlement funding, it is important to first discuss with your attorney whether pre-settlement funding is right for you and your case. Once you’ve decided to pursue pre-settlement funding in New York after your auto accident or motorcycle crash, the first step involves gathering documents related to your personal injury lawsuit. Ensure these files comprehensively detail the incident, your injuries, and any financial losses suffered. This preparation is crucial for a seamless application process. With this groundwork laid, submitting your application for funding should be straightforward and get you closer to the financial support you need while you await your settlement.

Note that to qualify, you must have an injury claim and your injury must be a result of an auto accident. Additionally, you must be a resident of New York to apply.

Step 2. Case Evaluation

New York lenders will meticulously assess the merits of your personal injury lawsuit, focusing on the expected settlement value and your case’s strengths, or your personal financial standing. Note that getting approved for pre-settlement funding is not dependent on your credit score.

The factors the funding company uses to determine how much a person will be approved to borrow include:

  • Strength of case – What’s the likelihood the case will succeed?
  • Damages sustained – How severe are the injuries the plaintiff sustained?
  • Insurance coverage – Is the defendant covered by insurance and how good is their coverage?
  • Length of case – How long is the case expected to take to settle?
  • Jurisdiction – Where is the case taking place? Are there any unique laws that may apply to this case?

Step 3. Funding Approval

Once you’ve submitted your application for pre-settlement funding in New York, 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

Once approved, the final step before the funds are dispersed is for Oasis Financial to obtain signatures from both the applicant and their attorney. This pre-settlement funding agreement assures set terms and conditions and specifics on a payment schedule and rates. Once these documents are signed and in order, the funds are released.

Step 5. Pre-Settlement Funding Process

Upon approval and after executing the funding agreement, funds get disbursed directly into your account, typically within 24-48 hours. Funds can also be distributed by check or a money transfer. This quick turnaround ensures you’re not left waiting and can start planning for your financial future immediately.

Advantages and Limitations

Pre-settlement funding in New York offer the significant benefit of immediate financial relief; however, there are limitations to consider, including repayment terms. Learn more about the advantages and limitations of pre-settlement funding below.

Advantages Of Pre-Settlement Funding

There are several advantages of pre-settlement funding, such as:

  • Allows time for negotiation
  • Provides more equitable opportunity, leveling the playing field between plaintiff and defendant

It also enables you to manage living expenses while awaiting your settlement, like:

  • Mortgage or rent
  • Electricity, water, and other utility bills
  • Food
  • Daycare
  • Clothing
  • Transportation
  • Medical costs not covered by insurance

Is There a Pre-Settlement Limit?

In New York, pre-settlement funding limits are set by the funding company and largely depend on case value and the potential car accident settlement outcomes. Variables that impact funding limits are:

  • The strength of your case
  • The potential settlement amount
  • Your current and future lost wages
  • Your insurance coverage
  • The extent of your injuries
  • Your current and future medical bills
  • Estimated legal fees and court costs
  • Expected case length
  • Any previous fundings received

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

Yes, acquiring additional fundings in New York is feasible but is subject to the funding company’s assessment. Some instances of when a person may need to take out additional pre-settlement fundings are:

  • Miscalculated financial needs
  • Case taking longer than expected to settle
  • Additional medical expenses
  • Additional loss of income

Money in wallet

Pre-Settlement Funding FAQs

You might be wondering, what are the risks of pre-settlement funding? Essentially, there is no risk for you. However, while pre-settlement funding provides great advantages to a plaintiff, there are still important factors to consider before taking this route.

What are the Risks of Pre-Settlement Funding?

Pre-settlement funding in New York for car accidents and other types of auto accidents is non-recourse debt. This means you won’t repay if your case doesn’t win. This significantly lowers financial risks for you.

Non-Recourse Obligation

In pre-settlement funding in New York, non-recourse funding means you owe nothing if your lawsuit yields no settlement.

Let’s say New York resident Susan receives pre-settlement funding for car accident she was involved in. As the plaintiff in the lawsuit, with a non-recourse pre-settlement funding, she will only be responsible for paying back the funds if her case is won or settled in her favor. Essentially, she is selling a portion of the potential proceeds of her lawsuit. If her case is unsuccessful, she won’t have to pay anything back.

 What Is the Probability of Defaulting?

Since Oasis only collects fees if the case is won, you aren’t at risk of default.


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

Apply Now

Choosing the Right Pre-Settlement Company

In the quest for pre-settlement funding in New York, ensure the company you work with has a transparent process, no hidden fees, and a swift approval timeline. Not everyone needs pre-settlement funding but, if you’re considering it at all, there are some important questions to ask before pursuing it.

Do You Need Pre-Settlement Funding?

Evaluating the necessity for pre-settlement funding hinges on your current financial pressure and the anticipated wait for your personal injury settlement in New York. Other factors that could influence your need for pre-settlement funding include:

  • Not wanting to deplete your savings
  • Needing to stay current of all your bills and avoid debt collectors
  • Desiring no out-of-pocket costs, unlike with a bank loan where you need to begin repayment once you receive the money
  • You have lost wages due to serious injuries that has you out of work for weeks or months
  • Remember, pre-settlement funding is a risk-free option that can even be used as a back-up plan.

Why Choose Oasis Financial?

Oasis Financial has led the industry for over 25 years, helping more than 350,000 individuals and families get the financial relief they need. We are always on your side and are dedicated to getting you the money you need when you most need it. We pride ourselves on our excellent reputation for having an incomparable commitment to compassion and superior customer service.

Locations for Auto Accident Lawsuit Pre-Settlement Funding In New York

When searching for pre-settlement funding in New York, every region of New York is covered:

  • New York City
  • Buffalo
  • Yonkers
  • Airmont
  • Albany
  • Amsterdam
  • Auburn
  • Babylon
  • Batavia
  • Beacon
  • Binghamton
  • Canandaigua
  • Chestnut Ridge
  • Cohoes
  • Corning
  • Cortland
  • Depew
  • Dobbs Ferry
  • Dunkirk
  • East Rockaway
  • Elmira
  • Endicott
  • Floral Park
  • Freeport
  • Fulton
  • Garden City
  • Geneva
  • Glen Cove
  • Glens Falls
  • Gloversville
  • Great Neck
  • Harrison
  • Haverstraw
  • Hempstead
  • Ithaca
  • Jamestown
  • Johnson City
  • Kenmore
  • Kingston
  • Kiryas Joel
  • Lackawanna
  • Lake Grove
  • Lancaster
  • Lindenhurst
  • Lockport
  • Long Beach
  • Lynbrook
  • Mamaroneck
  • Massapequa Park
  • Massena
  • Middletown
  • Mineola
  • Mount Kisco
  • Mount Vernon
  • New Hyde Park
  • New Rochelle
  • Newburgh
  • Niagara Falls
  • North Tonawanda
  • Ogdensburg
  • Olean
  • Oneida
  • Oneonta
  • Ossining
  • Oswego
  • Patchogue
  • Peekskill
  • Plattsburgh
  • Port Chester
  • Poughkeepsie
  • Rochester
  • Rockville Centre
  • Rome
  • Rye
  • Rye Brook
  • Saratoga Springs
  • Scarsdale
  • Schenectady
  • Spring Valley
  • Suffern
  • Syracuse
  • Tarrytown
  • Tonawanda
  • Troy
  • Utica
  • Valley Stream
  • Watertown
  • Watervliet
  • West Haverstraw
  • Westbury
  • White Plains
  • Woodbury

Work with Oasis Financial

When you work with Oasis Financial for pre-settlement funding in New York, you can enjoy peace of mind knowing you’re partnering with a funding company that’s been an industry leader for over 25 years. You’ll enjoy a smooth and fast application process and, if your application is approved, you’ll have funds in as little as 24-28 hours after approval.

If you have any questions or comments, check out our FAQ page. If you prefer to speak with someone, our friendly and knowledgeable customer service representatives are available to take your call 24 hours a day, seven days a week.

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.