When you’re in the middle of a personal injury lawsuit, bills don’t wait for you to receive a settlement. Medical expenses, cost of living, and other bills can pile up quickly, creating financial pressure. In these cases, pre-settlement funding can make a difference because it provides fast, risk-free access to a portion of your expected settlement to help you stay afloat while your case moves through the legal process.
Find out what types of cases typically qualify for pre-settlement lawsuit funding, and why this option can provide more advantages than a loan for those involved in an injury lawsuit.
What Is Pre-Settlement Funding?
Pre-settlement funding, also referred to as pre-settlement legal funding, provides cash to plaintiffs involved in ongoing personal injury cases. Different from a loan, there are no monthly payments, no upfront costs, and you only pay it back if you win or settle your case. This is because repayment comes directly out of your settlement proceeds.
To be eligible, you must:
- Have a pending personal injury lawsuit (such as a car accident, slip and fall, or medical malpractice case)
- Be represented by an attorney
- Have a case with strong merits and a likelihood of compensation
Eligibility relies heavily on the strength of your case, rather than factors like income or job history. If approved, you can receive funds quickly, often within 24 to 48 hours upon approval, helping you cover urgent expenses while your case is still in progress.
Types of Pre-Settlement Funding
Pre-settlement funding is available for various types of personal injury claims. From car accident and slip and fall settlements to workplace negligence cases and wrongful death lawsuit settlements, you may be eligible for funding. If your case involves another party’s negligence and you’re waiting on a settlement, there’s a good chance you could qualify. In the sections below, we’ll explore the most common types of cases that often meet the criteria for pre-settlement funding.
Car Accident Personal Injury Lawsuits
Car accidents are one of the leading causes of personal injury lawsuits. With millions of crashes reported each year, auto accidents make up the majority of personal injury cases filed in the U.S.
These incidents can lead to serious physical, emotional, and financial consequences, especially when another driver’s negligence is involved. Victims often face mounting medical bills, lost wages, and extended recovery time. Car accident legal funding can offer much-needed financial relief during this period.
Types of Auto Accidents That Qualify for Pre-Settlement Funding
Motor vehicle accidents occur for a variety of reasons, including distracted driving, speeding, drunk driving, failure to yield, and poor road conditions. Injuries can range from whiplash and broken bones to more severe trauma like spinal cord injuries or traumatic brain injuries. Any one of these injuries can leave victims facing long-term recovery and financial hardship.
Pre-settlement funding is available for a wide range of motor vehicle-related cases, including those involving:
- Passenger cars and SUVs
- Pickup trucks and commercial vehicles
- Motorcycles
- Pedestrians or cyclists struck by vehicles
- Rideshare vehicles (like Uber or Lyft)
- Public transportation (such as buses)
Note that not all motor vehicle-related claims qualify. Accidents involving off-road recreational vehicles (like ATVs or dirt bikes), boats, or aircraft typically fall outside the scope of standard auto accident lawsuit funding eligibility.
Pre-settlement Funding for Workers’ Compensation
Workers’ compensation is designed to provide financial support to employees who are injured on the job or become ill due to work-related conditions. It typically covers medical expenses, lost wages, and rehabilitation costs. While many claims are handled through the workers’ comp system, some cases involve legal disputes, especially when benefits are delayed, denied, or disputed by the employer or insurance company.
If you’re pursuing a lawsuit related to a workers’ comp settlement, you may be eligible for pre-settlement funding.
How To Know If I Should Receive Workers’ Comp
Workers’ compensation can apply to a wide range of job-related injuries, from sudden accidents to injuries that develop over time. Some of the most common include:
- Back and neck injuries from lifting or repetitive motion
- Slip and fall injuries at the workplace
- Machinery or equipment-related accidents
- Carpal tunnel and other repetitive strain injuries
- Exposure to toxic substances
To start the process, injured workers typically need to report the injury to their employer as soon as possible (often within a specific timeframe) and seek medical attention. From there, a formal claim is filed with the state’s workers’ compensation board or relevant agency. If the claim is denied, delayed, or doesn’t cover all necessary expenses, the worker may choose to file a lawsuit or appeal with the help of an attorney.
Oasis can provide pre-settlement funding for Workers’ Compensation cases in Illinois, Missouri, New Mexico, Ohio, and South Carolina.
Have you been involved in a personal injury lawsuit and need help with pre-settlement funding? Oasis is here to help!
Premises Negligence Pre-settlement Funding for Slip & Fall Injuries
Premises negligence refers to a legal concept where a property owner or occupier is held responsible for unsafe conditions that lead to someone getting injured on their property. While it can involve a variety of hazards, it’s most commonly referred to as a “slip and fall” case because many of these injuries happen when someone literally slips, trips, or falls due to a dangerous condition, such as a wet floor, icy walkway, or uneven surface.
For example, if a grocery store fails to clean up a spill and doesn’t post a warning sign, and a customer slips and breaks their wrist, that could be grounds for a premises liability negligence lawsuit. Cases like these often qualify for pre-settlement funding, especially when the injured party is waiting on compensation to cover medical bills and lost income while the case plays out.
How Does Pre-Settlement Funding Work?
The pre-settlement funding process is simple, fast, and designed to get money into your hands when you need it most.
Step 1: Pre-Settlement Funding Application
The first step is to fill out an application with basic details about your personal injury case. It’s helpful to have documentation ready, like police reports, medical records, or case filings. Most importantly, your attorney must be on board, as they’ll be involved in verifying case details and coordinating repayment from your future settlement.
Step 2: Case Evaluation
Once your application is received, the funding company will evaluate your case. They look at the type of personal injury claim, the strength of the evidence, and the likelihood of a successful settlement or trial verdict. The stronger your case—and the higher the estimated value—the more funding you may be eligible to receive. This evaluation doesn’t affect your credit score and doesn’t require collateral.
Step 3: Funding Approval
Applicants with clear liability, documented injuries, and a cooperative attorney tend to be approved the fastest. Once approved, you’ll receive a funding agreement to review and sign, and your attorney will also sign off to confirm the repayment terms.
Step 4: Funding Process
After all documents are signed, the funds are typically released within 24 to 48 hours upon approval—often by direct deposit or wire transfer.
What Can I Use Pre-Settlement Funds For?
Once you receive your pre-settlement funding, it’s your money to use however you need. There are no restrictions on how the funds must be spent and many people use the funds to manage everyday expenses and urgent costs, such as:
- Rent or mortgage
- Utilities
- Groceries and basic necessities
- Childcare or daycare
- Car payments and repairs
- Public transportation
- Medical bills and prescription costs
- Credit card payments
- Tuition
- Pet care
Whether you’re catching up on past-due bills or just trying to keep your household running smoothly, pre-settlement funding can give you financial peace during a stressful period.
Work With Oasis Financial
Oasis pre-settlement funding provides a flexible, low-risk solution to help you maintain financial stability throughout your personal injury case. If an accident has left you struggling financially, consider applying now to see how we can support you during this challenging time. For more details, check out our FAQ page.
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.