Americas #1 Choice For Pre-Settlement Funding

How Many Pre-Settlement Loans Can I Get?

How Many Pre-Settlement Loans Can I Get?

An accident can put your life on hold. It is one of those sudden changes in life that are difficult to prepare for no matter your financial situation. 

Whether you are involved in a car accident, fall on a slippery surface, or are a victim to other unfortunate circumstances, the injuries you suffer and the legal complications that follow can really make things challenging. 

It can also take a long time to get your life back on track. The period in which you heal from injuries and fight for a settlement can take a lot of time, energy, and resources.

Can I Get an Advance on My Lawsuit?

One of the most frustrating parts of these difficult circumstances is waiting for the settlement that you are entitled to following an accident or other situation. Plus, if you are injured and can’t work during this time, your bills won’t wait until things are settled.

This is when a pre-settlement loan can be a lifeline for you. 

A pre-settlement loan is money that a direct funder gives you to get you through the wait for your settlement. You just pay back an agreed upon amount when your settlement finally comes through.

Can You Get Two Pre-Settlement Loans?

One of the biggest frustrations with the pre-settlement period is how long it lasts. This is often due to the strategy that insurance companies take.

They have the resources to drag out a case as long as possible to get victims who don’t have the resources to settle early for a smaller amount. By getting a pre-settlement loan, you can even the playing field and hold out for the full amount you are due.

You might be asking, how many pre-settlement loans can I get? 

There really isn’t a set limit to how many loans you can get. Your direct funding company will work with you and your legal team to determine how much of a settlement you are likely to receive. That number will essentially be the maximum amount that you can borrow.

When you first take out a pre-settlement loan, you estimate with your legal team how long it will take to get your settlement and how much money you will need to get you through that time. 


If you have unexpected bills during that time, or if the wait is longer than anticipated, you can get another pre-settlement loan within the maximum amount of funding you expect from your settlement.

Can I Get a Loan from My Attorney?

Generally, you cannot get a loan from your attorney. Your attorney has to be careful about conflicts of interest and cannot have a financial stake in your case aside from his or her legal fees. 

It is also important to note that a pre-settlement loan has no bearing on the outcome of your case. Your direct funder cannot participate in your case, either. Your pre-settlement loan is merely a cash advance to get you through the period of time that you wait for your settlement.

Pre-Settlement Loans for Auto Accidents

One of the most common scenarios in which people need pre-settlement loans is following an auto accident. 


Car accidents are common and affect a lot of people.

When you are the victim of someone else’s negligent driving, you may need a pre-settlement loan to help you through the recovery process. If you are injured and can’t work or just need a little help with your bills until your settlement comes through, then a pre-settlement loan is a great option.

Getting Pre-Settlement Loans the Same Day

The process of getting pre-settlement funding to you is usually fast. Funds can often be in your account within 24 hours. 

The main obstacle to getting the process done quickly is for your funder to get the information it needs from your attorney. If you communicate with your legal team, then they are usually responsive enough for your funds to be processed quickly.

Can I Get a Pre-Settlement Loan without a Lawyer?

A lawyer typically needs to be involved in the process. 


One of the biggest benefits of a pre-settlement loan is that they do not have to be paid back if you lose your case. Your direct funder is essentially investing in your case. Some investments don’t work out. That is part of the business. 

However, to help determine how much funding you have available from your future settlement and how likely you are to get it, your funder needs to consult with your attorney to get the specifics of your case.

Get the Funds You Need

Being involved in an accident is a difficult experience. It can take a long time to recover, both physically, mentally, and financially. 

To help you get through this time, a pre-settlement loan is a great option. It can take the financial worry out of the experience, and it can give you the time you need to get the full settlement amount that you deserve.

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*If you qualify. Not everyone who applies gets approved. If approved, you might get approved for a different amount then applied for. Speed of funding is dependent on how quickly we receive necessary information required for underwriting. Not available on all states.