How Much Pre-Settlement Funding Can I Get?
Wondering how much cash you qualify for? Learn about the '10% Rule' and how we calculate a safe amount for your case.
When you are struggling with bills, the most important question on your mind is simple: "How much cash can I get right now?"
While every case is unique, there are specific guidelines that responsible funding companies follow. Understanding these numbers can help you set realistic expectations and plan your finances accordingly.
The "10-20% Rule"
As a general industry standard, pre-settlement funding companies typically advance between 10% and 20% of the estimated future value of your case.
For example:
- If your case is estimated to settle for $50,000, you might qualify for $5,000 to $10,000.
- If your case is estimated to settle for $100,000, you might qualify for $10,000 to $20,000.
Why Can't I Borrow the Full Amount?
You might be wondering: "If my case is worth $50,000, why can't I borrow $40,000?"
The answer is that responsible lenders want to ensure you still walk away with money in your pocket when the case ends. Remember, your final settlement has to pay for:
- Attorney fees (usually 33%–40%).
- Medical liens and doctor bills.
- Repayment of the pre-settlement advance.
If a company lends you too much now, there might be nothing left for you later. We aim to strike a balance: giving you enough cash to cover your immediate needs (rent, car payments, food) without jeopardizing your final payout.
How We Calculate Your Case Value
When you apply at Flash Legal Funding, our team looks at three main factors to determine your limit:
1. Liability (Who is at fault?)
Is it clear that the other party caused the accident? If liability is disputed, the risk is higher, and the funding amount may be lower.
2. Damages (How bad is the injury?)
We look at your medical records. Broken bones, surgeries, and long-term treatments generally indicate a higher case value than soft tissue injuries.
3. Insurance Coverage
Does the defendant have enough insurance to pay the claim? Even if you have severe injuries, we are limited by the insurance policy limits of the at-fault driver.
Conclusion
While we can't tell you an exact dollar amount until we review your case, we promise to offer the maximum amount safe for your situation. Our goal is to be a lifeline, not a burden.