Pre-settlement Advances: Important Questions Answered

Deploying Capital

Pre-Settlement Advances: Important Questions Answered

Deploying Capital
  • How quick is the process?

    Simple cases will be funded in hours. KLF needs a few specific pieces of information and the name of your attorney. Decisions will be made upon the receipt of that information. All documents can be signed on a smartphone. Funding is immediate.

  • What size Advance can I get?

    Key Legal Funding advances on both small and large cases. KLF advances begin as low as $500 and range to $50,000. Advance amounts can be 10% of the expected settlement value of your case.

  • How is the Pre-Settlement Advance repaid?

    Your advance is repaid from your case’s settlement proceeds. If you lose your lawsuit you owe nothing.

  • Do I need to pay anything to apply?

    No.

  • If my case is lost, then what happens?

    You owe nothing. Key Legal Funding absorbs the loss. A pre-settlement advance is not a loan.

  • What types of cases qualify for an Advance?

    We can fund motor vehicle accidents, workers' compensation, premises liability, labor law, as well as other types of cases.

  • What is pre-settlement funding and how does it work?

    Pre-settlement funding is a cash advance. If you have a pending personal injury lawsuit you may qualify for an immediate cash advance to help with daily expenses.

    Even the strongest cases average one and a half years to settle. Many individuals need cash now to pay for emergency necessities. A need for cash may force an individual to consider a “lowball” offer from the insurance company. In these cases, a pre-settlement cash advance provides an alternative. Without the financial pressure, the injured person is in a much stronger position in relation to the insurance companies. Your lawyer will be able to get you the fairest settlement possible. 

    Pre-settlement advances are not loans. You have no obligation to repay the advance if you lose your lawsuit. The technical term for this cash advance feature is “non-recourse.” The advance is non-recourse to the client.  

  • So what do I do?

    Give Key Legal Funding a call at (855) 539-5342. Describe your case to our staff. They will ask you a few questions and gather a few documents. We can make almost immediate decisions after getting the information we need. Generally, we need to establish liability, damages, and insurance coverage. We can do this from the documents we get. When it’s necessary we’ll give your attorney a call. 

    We will give you a call and send the paperwork electronically to your smartphone. Review the documents. Sign the documents. Hit send and your advance will be on its way. KLF uses Venmo, Zelle, Same Day ACH, and Visa Direct to Debit. Checks are available for those who can’t accept an immediate electronic payment to their bank account, debit card, or smartphone.

Contact us to learn more about our funding options. (855) KEY LEGAL

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