How Does Pre Settlement Funding Work?
Pre-settlement funding is not a loan, it’s a non-recourse purchase of a portion of your future legal settlement payout. That means My Settlement agrees to buy an interest in your potential case proceeds, and we provide you with an immediate cash advance in return.
Once your funding agreement is signed, we pay you the agreed amount upfront. When your case resolves, either through trial or settlement, your attorney will direct a portion of your proceeds back to My Settlement based on the terms of the agreement. If you don’t win your case, you owe us nothing.
Pre-settlement funding stands apart from traditional loans because repayment is entirely dependent on the outcome of your case. There are no monthly payments, no hidden fees, and no out-of-pocket costs. You also won’t face a fixed due date or maturity deadline, giving you and your attorney the time and negotiating power to maximize the value of your case.