Pre Settlement Questions

Your Question:
on a pre-settlement, how do you determine how much to loan? And what is the process?

Our Answer:

We need help from your attorney. We’ll review the merits of the case with the following in mind:

1. Liability – How Liable is the defending party?
2. Damages – What is the accident worth as a dollar amount?
3. Liens on the case – Are there any prior liens on settlement (workers comp, medical liens, Medicaid liens, medicare liens, prior advance liens, etc.)
4. Insurance Coverage – How much coverage does the defendant have?

Cases must be 4 months or older

Timeframe = 7 to 10 business days after attorney provides paperwork

Items needed typically are:
Accident/Police Report
Medical Records/Emergency Room Records
Attorney comments/narrative

How much we loan is a combination of how much you need and what we feel is appropriate and sensible to lend based on the case information.

Share and Enjoy: