When someone’s caused your harm or injury through a car accident, medical malpractice or general negligence, you have the legal right to take the individual or company to court and to seek compensation to cover your medical bills, pain and suffering and other financial losses that are a direct result of the injury. Even if you do win the money you deserve, it can take some time before you see the reward. This is where pre-settlement funding can help.
What is Pre-settlement Funding?
It is a cash advance against your lawsuit that provides you with the money you need to cover bills and expenses while you wait for the results of a personal injury trial.
Offered by companies such as GAIN, you only need to pay back the funding if you end up winning your case. Not everyone needs lawsuit pre-settlement funding, but it can be a helpful thing if you find yourself in the following situations.
Top 5 Situations Where You Can Get Pre-settlement Funding
Here are the primary situations where this type of legal financial aid helps:
1. You Can’t Work Due to Injuries
Some injuries are severe enough that they keep you from working, even after you’ve had treatment and have had time to heal. If you’re not able to work and have no other means of income, pre-settlement funding allows you to keep up with your bills. You’ll be able to keep a roof over your head, the lights turned on and the kitchen pantry stocked.
2. Your Savings are Low
Financial experts usually recommend having several months of income tucked away in an emergency fund. If you fall on hard times, you’re then able to turn to your savings account to cover bills and other financial needs. But, not everyone has the means to build up a large “just-in-case” fund.
You might have just started your career or recently had a major life change (aside from the accident) that depleted your fund. It might also be the case that you started out with sufficient savings, only to see the amount dwindle as your case drags on. In these situations, nationwide pre-settlement funding services can help because they’re designed to support plaintiffs across different states and case timelines.
3. Insurance Isn’t Enough
Medical insurance is meant to protect you in the case of illness or injury. But, some insurance policies aren’t as effective as they should. You might have found out too late that your policy has a super high deductible or won’t cover a specific treatment or medication or that it expects you to contribute a hefty co-insurance or deductible.
Medical funding is a type of funding that pays your medical provider in the event of an accident. If you qualify for the funding, it goes directly to your doctor to cover your treatment and other medical needs.
4. You Can’t Get a Bank Loan
A personal loan may be helpful if you need money, but not everyone qualifies for one. Plus, the process of getting a loan takes some time and you have to pay it back, with interest, even if you don’t win your case. GAIN’s pre-settlement and medical funding are not pre-settlement loans which makes it easier on both those needing cash for day to day life needs but can’t qualify for a bank loan.
This is also why many plaintiffs explore best pre-settlement funding companies that offer non-recourse structures and straightforward attorney coordination.
5. The Insurance Company is Pressuring You to Settle
According to the American Bar Association, just a small percentage of personal injury claims make it to trial. That’s because many insurance companies pressure plaintiffs into settling, in part because plaintiffs are unable to pay their bills as their case drags on. Pre-settlement funding provides a financial buffer or safety net, so that you can afford to wait for a full and fair settlement or take your case to trial and pursue the award amount that you deserve.
For plaintiffs who need funding options, nationwide pre-settlement funding services can be especially useful while the case progresses.
Choosing between the best pre-settlement funding companies comes down to how clearly terms are explained and how quickly the provider can coordinate with your attorney.
Let GAIN Help You with Pre-Settlement Funding
If you’d like to learn more about pre-settlement funding, contact us at Gain today. We’ll review your situation and case and let you know if you qualify. If you do qualify, you’ll receive the funding within 24 hours. Don’t let a fear of bills or pressure from your insurance company push you into settling for less you deserve. Contact us today!
FAQs
What documents are typically required from my attorney to apply for pre-settlement funding?
Most funders ask your attorney for basic case materials such as a signed authorization, accident/incident report, insurance details, medical records and bills, and a brief case summary. Providers offering nationwide pre-settlement funding services may also request case status updates to confirm timelines.
What happens if I lose my case after receiving pre-settlement funding?
Most pre-settlement funding is non-recourse, so if you lose your case or recover nothing, you typically don’t repay the advance. Always review your agreement for exceptions. Many of the best pre-settlement funding companies keep these terms clear and easy to understand.
How does pre-settlement funding affect my attorney fees?
This type of funding usually doesn’t change your contingency fee percentage. Repayment typically comes from the settlement proceeds after attorney fees and case costs, depending on the agreement and lien order. GAIN Servicing coordinates with your attorney to keep payoffs clear.
What are the top pre-settlement funding companies in the US?
“Top” varies by case type, state, transparency, and customer experience. Many plaintiffs compare providers based on approval speed, contract clarity, and fee structure. When people search for the best pre-settlement funding companies, they often prioritize responsiveness and clear payoff estimates—areas where GAIN Servicing is frequently considered.
How to compare pre-settlement funding companies?
Compare companies by total payback estimate, fee/compounding structure, contract transparency, funding limits, and how they handle re-advances. Ask for an example payoff at 6, 12, and 18 months. If you’re considering nationwide pre-settlement funding services, confirm coverage in your state and how easily the provider coordinates with your attorney.