Waiting for a personal injury lawsuit to settle in Florida can feel like an endless process and, unfortunately, your bills won’t wait. Between medical costs, missed paychecks, and everyday expenses, the financial strain can pile up fast. That’s where pre-settlement funding can help, giving you access to a portion of your potential settlement now to ease financial pressure while your case is in progress.
Discover how pre-settlement funding works in Florida, the types of cases that typically qualify, eligibility requirements, and key factors to weigh before applying. The more you know, the better equipped you’ll be to make a confident, informed decision during a tough time.
What Is Pre-Settlement Funding?
Pre-settlement funding—sometimes incorrectly called a pre-settlement loan or lawsuit loan in Florida—provides funding to plaintiffs involved in ongoing personal injury lawsuits. It’s designed to help cover immediate financial needs while you wait for your case to resolve.
Unlike a loan, with pre-settlement funding, approval is based on the strength of your case, not your financial history. Pre-settlement funding in Florida is a flexible, low-risk option for injury victims who need financial relief while their legal case is pending.
How Pre-Settlement Funding Works in Florida
The process of getting Florida pre-settlement funding is simple and much less involved than applying for a loan:
- Requesting the Funding
You fill out a quick application and the funding company works directly with your attorney to review your case details. - Receiving the Funds
If approved, you can receive your money in as little as 24 to 48 hours. Unlike a loan, there’s no lengthy underwriting or paperwork tied to your financial history. - Repaying the Funding
Payment comes out of your settlement once your case is resolved. You don’t owe a thing until then and, if you don’t win your case, you don’t pay it back at all.
Who Can Apply For Pre-Settlement Funding?
Pre-settlement funding is designed for individuals who are in the middle of a personal injury lawsuit and are struggling financially while they wait for their case to settle. If you’ve been injured in an accident and are facing mounting bills, lost income, or other urgent expenses, this type of funding can offer much-needed relief.
The good news is that anyone can apply, as long as they meet a few basic criteria:
- You have an active personal injury claim or lawsuit.
- You’re working with a licensed attorney on a contingency fee basis (meaning they only get paid if you win).
- Your case has merit and a reasonable likelihood of success.
- Your attorney is willing to cooperate with the funding company and share relevant case documentation.
Talk to Your Lawyer First
Before moving forward with pre-settlement funding, it’s important to consult your attorney to go over long-term considerations like fees, payment terms, and how it may affect your final settlement. Your lawyer can help you weigh the pros and cons and make sure you fully understand what you’re agreeing to.
Have you been involved in an accident and need help with pre-settlement funding? Oasis is here to help!
Types of Pre-Settlement Funding
Pre-settlement funding is available for numerous types of personal injury lawsuits, not just one specific type. Whether you’re dealing with the aftermath of a car accident, a slip and fall, or another personal injury-related lawsuit, this type of funding can help you stay financially stable while your case moves through the legal process.
How Does Pre-Settlement Funding Work In Florida?
Pre-settlement funding in Florida follows a straightforward process designed to get you cash quickly while your lawsuit is pending. It typically involves four main steps:
1. Applying for Pre-Settlement Funding
Applying for pre-settlement funding in Florida is quick and not dependent on your credit score; approval is based on the strength of your case. To apply, you’ll need your attorney’s contact info, details about your lawsuit, and any available documents like accident reports or medical records.
To qualify, you must:
- Have an active personal injury claim
- Show that your injury is directly tied to the lawsuit (e.g., from a car accident or slip & fall)
- Be a Florida resident
Once submitted, the funding company will contact your attorney to begin reviewing your case.
- Case Evaluation
The funding company, in collaboration with your attorney, will evaluate your case to determine how much you can receive. Key factors include:
- Liability – How clear the fault is in your case.
- Injury Severity – The seriousness of your injuries.
- Damages – Medical bills, lost wages, and pain and suffering.
- Insurance Coverage – Available insurance limits.
- Legal Representation – The experience and credibility of your attorney.
Based on these factors, the funding company will offer a portion of your expected settlement.
- Funding Approval
Once your case is evaluated, the funding company will decide whether to approve your application. The approval process is typically fast, often taking 24 to 48 hours if all the required documentation is in place. If approved, you’ll be notified of the amount you can receive and the terms of payment.
4. Pre-Settlement Funding Process
Once approved, funds are typically delivered within 24 to 48 hours via direct deposit or wire transfer. The full payment will be deducted from your settlement when your case is resolved.
Types of Pre-Settlement Funding In Florida
Pre-settlement funding in Florida is available for a wide range of personal injury cases. While auto accidents and slip & fall injuries are among the most common, many other types of personal injury lawsuits in Florida may also qualify for funding.
Car Accident
Auto accidents in Florida can involve a variety of vehicles, including passenger cars, motorcycles, semi-trucks, and even rideshare vehicles. Both drivers and passengers can qualify for pre-settlement funding if injured in these accidents. However, non-motorized vehicles (like bicycles) and watercraft (such as boats) are not covered.
Premises Negligence (Slip & Fall)
Negligence in public spaces can lead to a wide range of injuries. If property owners or businesses fail to maintain safe environments, individuals may suffer serious harm. Common injuries in these situations include:
- Slip and Fall: Wet floors, uneven surfaces, or poorly lit areas can cause falls that lead to injuries.
- Head Injuries: Resulting from falling objects, poorly secured signage, or even unsafe construction zones.
- Burns: Caused from negligent handling of equipment or hazardous substances in public areas, like poorly maintained electrical outlets or exposed hot surfaces.
- Lacerations: From things like broken glass and exposed sharp objects.
Advantages of Pre-Settlement Funding
Pre-settlement funding provides several notable benefits, including:
- Allows Time for Negotiation: With funding in hand, plaintiffs can afford to wait for a fair settlement, giving their attorney more time to negotiate a favorable outcome.
- Financial Relief for Daily Expenses: Pre-settlement funding provides fast cash to ease financial strain while you await your case’s outcome. It can help cover medical bills, rent, groceries, daycare, and other essential expenses, allowing you to focus on recovery instead of worrying about making ends meet.
- No-risk to You: You repay only if you win. A non-recourse obligation means that the consumer is not personally responsible for repaying the funds if they don’t win the case or receive a settlement. In the context of pre-settlement funding, this type of funding (sometimes incorrectly referred to as a lawsuit loan) allows plaintiffs to secure financial assistance without the risk of being burdened with repayment if their case is unsuccessful.
What Does Pre-Settlement Funding Pay For?
Pre-settlement funding can help pay for a wide range of expenses, including:
- Medical bills
- Rent or mortgage payments
- Utilities
- Car payments and auto repairs
- Food and groceries
- Childcare or daycare fees
- Insurance premiums
- Credit card payments
- Personal loans or other outstanding debts
- Transportation costs
- Daily living expenses
Choosing the Right Pre-Settlement Funding Company
Oasis Financial sets itself apart from other Florida pre-settlement funding companies by putting people first. We’re committed to delivering compassionate, personalized support, taking the time to truly understand your situation and offering solutions that are rooted in respect, empathy, and care every step of the way.
Work With Oasis Financial
When you choose Oasis Financial, you’re choosing a transparent, reliable process with quick approvals, no surprise fees, and added peace of mind while your case is pending. To learn more, check out our FAQs or begin your simple online application now.
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 CO, CT and SC 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.