Pre-Settlement Funding FAQ

What is pre-settlement funding?

Pre-settlement funding is a cash advance provided to plaintiffs in a pending lawsuit (most often personal injury cases) before the case settles. It gives you immediate money to cover living expenses, medical bills, or other needs while you wait for a resolution. The funding company purchases a portion of your potential future settlement in exchange for the advance.

Is pre-settlement funding a loan?

No. It is not a traditional loan. It is a non-recourse cash advance. You only repay if your case settles or you win a judgment. If you lose or receive nothing, you owe nothing back—no credit impact, no collections, and no personal liability.

How does pre-settlement funding work?

  1. You apply online or by phone

  2. You provide basic case details and your attorney’s contact information

  3. The funding company reviews the strength of your case with your attorney

  4. If approved, funds are sent to you (often within 24 hours)

  5. Repayment (if any) comes directly from your settlement proceeds when the case resolves. Your attorney handles the disbursement.

What types of cases qualify for funding? Most personal injury cases qualify, including:

  • Car accidents

  • Slip-and-fall / premises liability

  • Medical malpractice

  • Product liability

  • Workplace injuries / workers’ compensation

  • Wrongful death

  • Mass torts

  • Other civil claims may also be eligible depending on the funding company and state regulations

Do I need an attorney to qualify?

Yes. You must be represented by a licensed attorney. The funding company works directly with your lawyer to evaluate the case and arrange repayment from the settlement.

Will I need good credit or have to make monthly payments?

No. There is no credit check, no income verification, and no monthly payments. Approval is based solely on the strength and value of your lawsuit.

What happens if I lose my case?

You keep the money you received and owe nothing. That’s the non-recourse part— the funding company assumes the risk.

How much funding can I get?

Amounts typically range from $500 to $500,000+. The exact amount depends on case strength, injury severity, liability clarity, and expected settlement.

How fast can I receive the money?

Many companies can fund within 24–48 hours after approval. Some even offer same-day or weekend funding in urgent situations. We at Versa do everything to get you your money within hours, not days...

How is repayment handled?

If your case settles, your attorney pays the funding company directly from the settlement proceeds before distributing the rest to you. There are no out-of-pocket payments from you.

Can I apply for more funding later?

Yes. If your case strengthens or your financial needs increase, you can request additional funding (subject to re-evaluation).

Does funding affect my settlement amount or my attorney’s fees?

No. Your attorney’s contingency fee remains unchanged, and the funding does not influence the value or strategy of your case.

In which states is funding available?

Versa operates in 40+ states, more than most pre-settlement funding companies.