It can be a huge relief to know that you’ll receive your settlement payment for a personal injury claim you’ve submitted. On the flip side, it can be a huge frustration waiting for the settlement money to come in. While you have to wait for your rightful check, any legal, medical, and living expenses you have to pay won’t. All of these costs that you’ve acquired from being the victim of an accident can start to pile up, putting you under extreme financial stress. If you have to submit a claim or have already submitted your claim and are now waiting on the settlement, here’s how long it takes to get money from a settlement.
So, About How Long Does It Take?
When case attorneys reach an agreement not to take your case to court, your claim reaches a settlement. From this agreement, they determine how much money you’ll receive as a victim of an incident.
The average settlement check timeline to receive monetary compensation from a defendant and their insurance (if applicable) can vary, but it typically takes about six weeks for processing.
What Has To Happen Before Getting Your Check
Before you can receive your final settlement, you and your attorney configure payment for the following services that resulted from the accident. Common expenses that personal injury victims must pay off before receiving their settlement money include:
- Medical bills
- Vehicle repair bills
- Attorney fees
- Court costs and filing fees
Once the above are all accounted for, you will receive your victim compensation payout. Either the law firm or postal service will get this check to you, usually accompanied by a final legal fee statement and copy of your signed settlement agreement.
What You Can Do in the Meantime
If you or your client need access to finances now, there are options. Apogee Capital Partners LLC offers personal injury lawsuit funding for the plaintiff and their legal teams. Our non-recourse cash advances help individuals secure the medical and legal assistance they need while waiting on their settlement payments.
If you’re still asking, “How long does it take to get money from a settlement?” after the standard six weeks of waiting, give Apogee Capital Partners a call. We’ll get your cash advance to you in as little as 24 hours to relieve the financial pressure that comes with delayed litigation procedures. Contact us today to learn more about our financial funding services.