How do settlement advances work?

If you are facing expenses that you do not have the money to pay while waiting for your lawsuit settlement, a settlement advance may be the perfect solution. Don’t settle early for a lower amount, consider Mayfield Settlement Advances!

At Mayfield Settlement Funding, we offer settlement advances to those who are waiting for a court case or the insurance company to settle, which often takes weeks or months. When you need to pay bills, medical expenses and other costs, the wait can seem interminable. At the same time, you may be unable to work due to your injuries and time spent in court, which makes your financial burden even more stressful. Settlement advances are an option that many who are involved in personal injury lawsuits consider for financial relief.

The process is quite simple. This type of funding uses the estimation of your legal settlement as collateral; it is not necessary to provide physical collateral to guarantee repayment of the advance to the lender. Essentially, the lender is aware of the value of your settlement from the start, so your advance can be processed right away as there is no waiting to determine the value of your collateral as with traditional advances. The majority of lenders who offer settlement advances only collect repayment if you do win your case; should you not win and be awarded a settlement, you are not required to repay the advance.

Settlement advances are not only beneficial for covering the costs of day-to-day expenses and medical costs, they are also useful for those who receive their money in structured settlement payments. When you are facing financial hardship a settlement advance allows you to receive a lump sum advance rather than receiving your money in smaller incremental payments. Once you begin receiving your payments, you can then use that money toward repayment of the advance.

Settlement advances are beneficial for many reasons, but it is important that you shop around to find a reputable lender who offers reasonable interest rates; this way, you keep more of your own money. Many lenders prefer to work only with specific legal groups or attorneys; your lawyer may be able to recommend a funding company that he/she has worked with involving settlement advances successfully in the past. When you need money to cover medical bills, household utilities, legal fees and other expenses so that you can live comfortably while waiting for your settlement, count on Mayfield Settlement Funding.

Call us at (855) 851-5249 or visit our immediate service page to have one of our friendly Settlement Advance specialists assist you today.

Are you currently involved in a lawsuit because of injuries you have suffered? If you need Settlement Advance money as you wait for the insurance company or other party to settle? Get money now before you settle!

Mayfield Settlement Advances provides Settlement Advances within 24 hours in most cases. Mayfield Settlement understands your situation and advances your money quickly with no credit check! No payments to Mayfield unless you settle your case!

Thank you for considering our Settlement Advances.

Mayfield Settlement Funding is here to HELP – by getting you cash NOW!

No risk to you

APPLY NOW!

 
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  • Mayfield Settlement Funding is unable to fund this type of case in the state selected. We suggest you ask your attorney for a recommendation. Sorry, Mayfield could not be of assistance at this time.

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Mayfield Settlement Funding provides pre-settment and post settlement advances that are different than traditional lending.  The terminology “loan” and “loans” are not correct legal or financial terminology or definitions describing Mayfield’s transactions, we provide legal cash advances or legal funding. Loans require repayment, which is unlike legal funding which is non-recourse cash advance. Legal funding only requires payment when the plaintiff receives a monetary award or settlement of their case.

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