If you’ve been seriously injured in an accident and someone else is at fault, filing a lawsuit can get you the compensation you deserve for this trying ordeal. Often times, it can be difficult to make ends meet and keep up with regular expenses while you are waiting for a settlement or judgement, especially when you are unable to work due to the injuries you suffered.. Taking out a lawsuit cash advance or a settlement loan are both ways to help relieve some of the financial stress and burden. . Here’s what you need to know about getting a settlement loan or lawsuit advance before you commit.

The first thing to know is that a settlement loan or a pre settlement funding are really the same thing. They are both just terms often used to refer to a type of pre-settlement funding. Pre-settlement funding is a form of financial relief available to plaintiffs in civil lawsuits while their cases are pending. Pre-settlement funding can come in the form of a loan, depending on your state of residence or cause of action. However, it will most often come in the form of a purchase agreement, which assigns a portion of the pending proceeds from your legal claim to the funding company in exchange for the funding.

As mentioned above, while this is often, and sometime inaccurately, referred to as a loan or cash advance, it is actually a way for a plaintiff to receive a portion of their pending settlement now while they wait. The money, plus any fees is paid back from their settlement and if they should lose, a plaintiff is under no obligation to pay the money back.

Whether it’s referred to as a settlement loan, lawsuit cash advance, or pre-settlement funding, these proceeds can be used to help meet routine financial obligations, such as rent, or to cover medical expenses related to one’s injuries.

If you have a good case for a personal injury lawsuit, you shouldn’t let routine financial obligations and medical expenses get in the way of getting the settlement you deserve. Lawsuit cash advances and settlement loans may be viable funding options to help you make ends meet while you are waiting for your settlement.

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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.