Pre-settlement funding provides a financial lifeline for plaintiffs awaiting the resolution of a slip & fall or premises negligence lawsuit. This funding option gives you access to part of your future settlement now, offering immediate financial relief while waiting for your lawsuit to resolve.
Unlike a bank loan, with pre-settlement funding, you apply without worrying about employment status or other personal financial factors. If your case fails, you owe nothing. This non-recourse feature ensures that repayment is solely dependent on winning your lawsuit. For those facing the aftermath of a slip and fall or other injuries, pre-settlement funding can simplify the financial support process during stressful times.
Do You Need Slip & Fall or Other Injury Lawsuit Pre-Settlement Funding?
If you’re waiting on a settlement from a slip and fall or other injury lawsuit, the wait can be highly stressful as bills pile up. Pre-settlement funding can help ease the financial burden during this time. It’s a no-risk, fast option that provides immediate relief, easing the financial strain until your case resolves. You gain peace of mind, knowing bills and unexpected expenses won’t derail your life during legal battles.
How Slip & Fall or Other Injury Lawsuit Pre-Settlement Funding Works
Securing slip and fall pre-settlement funding or funding for another type of injury lawsuit is a straightforward process.
- Initially, you apply with basic details of your lawsuit, including wrongful death cases, or other injury claims.
- Next, specialists review your case specifics and aim for approval within 24-48 hours.
- Once approved for pre-settlement funding, you typically receive cash quickly, often within 24-48 hours.
If you win your lawsuit, repaying your pre-settlement funding happens directly from the settlement. This means there’s no monthly stress over payments. Should your case not win, you owe nothing.
What Is Premises Liability Negligence (Slip & Fall)?
Premises liability is a type of personal injury case that’s based on negligence and applies when someone is injured on another person’s property due to an unsafe or dangerous condition. Examples of premises liability include slipping and falling on a wet floor, being injured by a faulty escalator, or suffering an injury in a swimming pool due to a lack of safety measures.
To be eligible for slip and fall settlements or other negligence lawsuit settlements, the injured person must prove that the property owner was negligent in maintaining the property and that the dangerous conditions were the cause of their injuries to qualify for a negligence lawsuit settlement.
How Does Pre-Settlement Funding Work?
The pre-settlement funding process is quick and easy.
1. Applying for Pre-Settlement Funding
The strength of your case, including factors like the potential amount of your lawsuit settlement, is strongly taken into consideration when granting pre-settlement funding. It is important to first discuss with your attorney if pre-settlement funding is the right choice for you and your case.
2. Case Evaluation
The funding company will thoroughly review your pre-settlement funding application.
3. Funding Approval
Application approvals happen quickly. Oasis Financial prides itself on quick evaluations, with decisions often made within 24 to 48 hours.
4. Pre-Settlement Funding Agreement
After your application has been approved, the final step prior to funds being disbursed is for Oasis Financial to obtain signatures from both the plaintiff and their attorney. This pre-settlement funding agreement assures set terms and conditions, as well as specific details about the payment schedule and rates. After these documents are signed and in order, the funds are released.
5. Pre-Settlement Funding Processing
Oasis Financial often provides same day pre-settlement funding. Funds are usually paid through either Western Union, direct deposit or check.
Have you been involved in a slip & fall lawsuit and need help with pre-settlement funding? Oasis is here to help!
Is There a Pre-settlement Limit?
Pre-settlement limits are set by Oasis Financial, with limits being largely dependent on the variables of the plaintiff and the case. These variables can include:
- Case strength
- Potential amount of the settlement
- Current and future lost wages
- Insurance coverage
- Extent of injuries
- Current and future medical bills
- Estimated legal fees and court costs
- Expected case length
- Any previous funding received, if applicable
Can I Get More Than One Pre-Settlement Funding Disbursement?
You can sometimes receive more than one pre-settlement disbursement but varies based on changes to specifics for your case and any updates or changes that may have occurred.
Some reasons for getting additional pre-settlement funding can include:
- Miscalculation of financial needs
- Case taking longer than anticipated to settle
- Additional loss of income
- More medical expenses than expected
Pre-Settlement Funding FAQs
There are many advantages pre-settlement funding offers to a plaintiff. However, some factors should still be considered prior to applying for pre-settlement funding.
What are the Risks of Pre-Settlement Funding?
Pre-settlement funding is a non-recourse obligation, which means you aren’t responsible for repaying if your case doesn’t win. Therefore, your financial risk is very low.
Non-Recourse Obligation
This means that if your lawsuit doesn’t yield a settlement payout, you don’t owe anything.
What Is the Probability of Defaulting?
You aren’t at risk of default because Oasis only collects fees if your case wins.
Choosing The Right Pre-Settlement Funding Company
When choosing a pre-settlement company to work with, it’s important to choose one that has a transparent process, no hidden fees, and a fast approval timeline.
Why Choose Oasis Financial?
As the industry leader, Oasis Financial has helped over 350,000 individuals and families get financial assistance for over 25 years. We are known for our compassion for our customers and provide highly personalized customer service.
Does Oasis Service Your State?
The states in which Oasis provides pre-settlement funding include: Alabama, Alaska, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming
Work With Oasis Financial
When you work with Oasis Financial, you’ll enjoy an easy application process that doesn’t require out-of-pocket fees. Connect with one of our dedicated customer service representatives through our application page to get started.
Refer to our FAQ page for additional information.
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.