Seeking financial help is no simple endeavor, especially when you’re in the middle of a lawsuit. From paperwork to legal fees, there’s a lot of different elements that could get overwhelming. When navigating the world of financing during a lawsuit, you’ll likely hear of two different types of settlement funding: pre- and post-settlement. For a better understanding of pre and post-settlement funding, you’ll first need to distinguish their differences. Apogee Capital Partners breaks down how each type of funding works and what the main differences are between the two.
What Is Pre-Settlement Funding?
Pre-settlement funding, also known as a cash advance, helps plaintiffs support themselves while trying to reach a fair settlement agreement. Often, malevolent insurance companies will use the reality of financial strain to their advantage to get a plaintiff to settle for a smaller and more immediate award.
With pre-settlement financing, you don’t have to jump on the first settlement amount that’s offered. Pre-settlement funding allows you and your attorney can fight for a fairer check amount while you cover your medical, living, and legal expenses with your cash advance.
What Is Post-Settlement Funding?
Post-settlement funding is for people whose cases have been settled but are still waiting for the defendant’s insurance company to distribute their check. You can use post-settlement funding similarly to pre-settlement—covering living, legal, and medical costs. Post-settlement funding is just as useful, but it comes at a different time.
What Is the Difference Between the Two?
When understanding pre- and post-settlement funding, you’ll find that the main difference lies in when plaintiffs receive payment. When you acquire pre-settlement funding, you’re still waiting for your attorneys and the defendant’s attorneys to agree on a settlement amount. With post-settlement funding, you already know what your settlement check will look like, which gives you a better idea of how much of a cash advance to ask for.
How Do I Acquire Either?
Apogee Capital Partners offers both pre and post-settlement funding. Whether you need a cash advance to avoid going bankrupt while waiting for a fair settlement agreement or need plaintiff litigation funding once your case is settled and you await the award, we’ve got you covered.
With our quick and easy application process, it’s possible to receive money from pre- and post-settlement funding within 24 hours of applying. Relieve yourself from financial strain and worry by utilizing Apogee Capital Partners financial services. Contact us today to learn more about our breezy application process and impressive low rates.