Trauma Cash

How Repayment Works After Winning Your Personal Injury Case with Pre-Settlement Funding

How Repayment Works After Winning Your Personal Injury Case with Pre-Settlement Funding

by Toni Hipolito

If you’ve received pre-settlement funding during your personal injury case, you may be wondering how repayment works once you win your case. The good news is that repayment is simple and straightforward—especially if you’ve worked with a company like Trauma Cash.

In this post, we’ll explain the repayment process, the benefits of a flat fee repayment method, and the key advantages of choosing pre-settlement funding as financial support during your litigation. Let’s dive into how it works and why it’s a favorable option for plaintiffs.

How Repayment Works After Winning Your Case

When you win your personal injury case after receiving pre-settlement funding, repayment is usually handled directly from the settlement or jury award. The process is transparent, straightforward, and typically involves a flat fee repayment, which is predetermined when you accept the loan.

Here’s how it works:

  1. Settlement or Jury Award: Once your case is settled or you receive a jury award, the funding company (like Trauma Cash) is repaid directly from those funds.
  2. Lawyer’s Role: Your lawyer will handle the repayment process, paying the funding company directly from the settlement or award amount. Afterward, your attorney will deduct their legal fees and any other required payments before disbursing the remaining funds to you.

This ensures you don’t need to worry about monthly payments or managing complicated repayment plans during your case.

Advantages of Trauma Cash’s Repayment Terms

At Trauma Cash, we pride ourselves on offering a borrower-friendly, transparent repayment structure. Here’s why pre-settlement funding with us can provide peace of mind during your case:

  1. Flat Fee Repayment: Unlike some other funding companies that charge compound or variable interest, Trauma Cash offers a one-time, flat-rate fee. This means you know exactly how much you’ll need to repay, with no surprises.
  2. No Monthly Payments: One of the best things about pre-settlement funding is that you don’t have to worry about making monthly payments. This can help ease financial strain while you’re waiting for your case to resolve.
  3. Non-Recourse Debt: If you lose your case, you don’t owe anything back to Trauma Cash. This non-recourse feature means you’re not at risk of accumulating debt if the outcome isn’t in your favor.
  4. No Credit Checks: Trauma Cash doesn’t require a credit check, meaning you don’t need to worry about how your credit history will affect your eligibility. This makes pre-settlement funding accessible to anyone, regardless of their credit score.
  5. Quick Disbursement: We know that personal injury cases can lead to urgent financial needs. That’s why Trauma Cash can typically approve and disburse funds within 24-48 hours. Whether you need money for medical bills, living expenses, or other financial obligations, we act fast to get you the funds you need.
  6. High Funding Limits: Trauma Cash offers up to $250,000 in funding, depending on the specifics of your case. This substantial support can help cover significant expenses while you await the resolution of your lawsuit.

By offering clear, simple, and transparent repayment terms, Trauma Cash helps ensure that you can focus on your legal journey without worrying about financial strain.

What Happens If You Lose Your Case?

One of the most appealing aspects of pre-settlement funding is that it’s a non-recourse loan. What does this mean for you?

If you lose your case, you are not required to repay the loan. This makes pre-settlement funding a low-risk financial solution for plaintiffs facing the uncertainty of litigation.

Since the funding is based on the potential future settlement or award, if there’s no settlement or jury award, there’s nothing for the funding company to collect. As a result, you have no obligation to repay the loan if the case doesn’t go in your favor.

Key Takeaways and Next Steps

Pre-settlement funding can provide immediate financial relief while you wait for your case to resolve, and it’s important to understand how the repayment process works. Here are the key points to remember:

Next Steps:

  1. Consult with Your Attorney: Before applying for pre-settlement funding, discuss the option with your attorney to ensure it aligns with your legal strategy.
  2. Apply for Funding: If pre-settlement funding is a good fit for your case, start the application process to secure the financial support you need.
  3. Use Your Funds to Cover Expenses: Once approved, use the funds to manage medical bills, living expenses, and other financial obligations while you wait for your case’s resolution.

In many cases, pre-settlement funding can be a lifesaver for plaintiffs who need immediate cash during their legal proceedings. If you’re considering funding, reach out to Trauma Cash today. We’re here to guide you through the process and help ensure your financial needs are met while your case is pending.