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When you’re in the middle of a personal injury case, financial strain can add another layer of stress to an already overwhelming situation. Bills keep coming, medical expenses pile up, and lost wages may leave you wondering how to keep the lights on. Pre-settlement funding exists to help ease that burden. It’s not a loan in the traditional sense, but an avenue to access the potential settlement of your case that gives you financial breathing room while your attorney works toward a resolution.
Many people hesitate to explore pre-settlement funding because they’re unsure how their attorney is involved in the process, if they can get pre-settlement funding without their attorney’s consent, or whether pursuing funding will complicate their case. The truth is that your attorney plays a central role in keeping everything running smoothly. Below, discover how the attorney-client relationship works within pre-settlement funding and why collaboration is so important.
The Application Process and Why Documentation Matters
Applying for pre-settlement funding starts with a simple form, but approval depends on more than just your signature. Because funding is based on the strength of your case, the company needs supporting documentation to evaluate your claim fairly—and this is where your attorney comes in.
When completing your application for pre-settlement funding, your attorney helps gather and share the necessary records, such as medical documentation, accident reports, and legal filings. This enables the funding company to quickly assess your case without wasting time on unnecessary back-and-forth. Having the right paperwork from the start makes the process faster and less stressful for you.
At Oasis Financial, we work directly with your attorney to make this process as straightforward as possible. Our team doesn’t expect you to track down complex legal documents or understand technical language. We rely on your attorney to provide what’s needed so you can focus on your recovery.
The Importance of Attorney Collaboration
Every step of the pre-settlement funding journey involves your attorney. Here is a breakdown of their role at three main stages of this process.
1. Attorney’s Role Before Pre-Settlement Funding
Before funding is approved, your attorney provides key case details that allow the pre-settlement funding provider to evaluate whether your case qualifies. They act as your advocate, giving the funding company an accurate picture of your situation. This includes:
- Providing statuses of medical procedures and police reports
- Outlining the status of your case
- Confirming that you’ve retained them as your legal representative
This step is crucial because it protects you from unfair terms or being approved for funding that doesn’t fit your needs. Your attorney is the one making sure the funding aligns with your best interests.
2. Attorney’s Role After Funds Are Distributed
Once funding is approved and you’ve received the money, your attorney’s role doesn’t stop. They remain the point of contact for the funding company if any updates or case developments are needed. Your attorney also makes sure the terms of the funding are honored and documented appropriately in your case file.
Most importantly, your attorney keeps working on your legal claim. Pre-settlement funding gives you financial breathing room, which allows your attorney to focus on building a strong case without the pressure of you feeling forced to accept a quick, lowball settlement. Your attorney uses this time to pursue the best possible outcome for you.
3. Attorney’s Role After the Personal Injury Settlement is Concluded
Once your case reaches a resolution, your attorney will make certain the funding is paid according to the agreed terms. This will look differently depending on the outcome of your case:
- If you win your case or reach a settlement: Your attorney distributes the settlement funds, paying off the pre-settlement funding company before releasing the remainder to you. This guarantees payment is seamless and handled professionally, with no extra work on your part.
- If you lose your case: Unlike a loan, pre-settlement funding is non-recourse, which means you don’t pay it back if your case is unsuccessful. Your attorney communicates with the funding company to close the file, and you owe nothing further.
Either way, your attorney is the one coordinating payment or closure, so you don’t have to manage those details.
When you’re in the middle of a personal injury case, financial strain can add another layer of stress to an already overwhelming situation. Bills keep coming, medical expenses pile up, and lost wages may leave you wondering how to keep the lights on. Pre-settlement funding exists to help ease that burden. It’s not a loan in the traditional sense, but an avenue to access the potential settlement of your case that gives you financial breathing room while your attorney works toward a resolution.
Many people hesitate to explore pre-settlement funding because they’re unsure how their attorney is involved in the process, if they can get pre-settlement funding without their attorney’s consent, or whether pursuing funding will complicate their case. The truth is that your attorney plays a central role in keeping everything running smoothly. Below, discover how the attorney-client relationship works within pre-settlement funding and why collaboration is so important.
Have you been involved in a personal injury lawsuit and need help with pre-settlement funding? Oasis is here to help!
Common Questions About Attorneys and Pre-Settlement Funding
Many people have questions about pursuing pre-settlement funding with your attorney, so here’s our answers to two of the biggest ones.
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Can I get pre-settlement funding without my attorney’s consent?
No. Because your attorney plays such a vital role in verifying your case and managing documentation, funding providers require their consent. -
How does pre-settlement funding affect my attorney fees?
It doesn’t. Your attorney fees remain the same as agreed upon when you hired them. Funding is, in most cases, simply sale of a portion of your potential settlement. If you win, your attorney takes their fee from the settlement as usual, and the funding company is paid from the remaining amount. If you don’t win, you don’t owe the funding company for the funding.
Why Attorney Collaboration Matters
It’s natural to feel hesitant about involving your attorney in your financial matters. But when it comes to pre-settlement funding, their role is essential to protecting your best interests. Attorneys ensure the funding process is transparent, the terms are fair, and the payment is handled without stress.
Oasis Financial’s process is built around strong collaboration with attorneys. We understand that clear, respectful communication benefits you, your attorney, and the outcome of your case.
Are You Ready to Explore Pre-Settlement Funding?
Pre-settlement funding can provide crucial support when you need it most, but it works best when your attorney is an active partner in the process. From gathering documentation and advocating for fair terms, to providing a smooth payment experience when everything is settled, your attorney is with you every step of the way.
At Oasis Financial, we take pride in working closely with attorneys to make pre-settlement funding a straightforward, supportive experience for all our clients. If you’re facing financial strain while waiting for your personal injury case to resolve, reach out to us to learn how pre-settlement funding can benefit you, and how our team and your attorney can work together to make it happen.
Contact us to speak with a member of our team if you’d like to discuss whether pre-settlement funding is right for you. Feel free to also check out our FAQs or get started with a quick online application today.
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.