Pre-Settlement Funding Frequently Asked Questions

Pre-settlement funding, also known as lawsuit funding or litigation financing, is a cash advance provided to plaintiffs involved in ongoing lawsuits. A funding company like DBek Capital gives you money now in exchange for the right to receive a portion of the case settlement in the future.

While some may refer to pre-settlement funding as a "lawsuit loan," it is not a loan of any kind. Unlike traditional loans, legal funding is non-recourse, meaning you do not have to repay the advance if you lose your case.

With litigation funding, there are no monthly payments to worry about, no looming debt collectors, and most importantly, no financial risk to you. Your credit score does not influence the likelihood of approval, and the advance is based only on the expected case settlement amount.

Pre-settlement funding is not a traditional loan, but a non-recourse financial instrument. This means you receive a cash advance based on the anticipated outcome of the lawsuit, with the security that if your case is unsuccessful, you are not required to repay the advance.

The funding amount is commonly based on the expected settlement or judgment in the case, and repayment is contingent upon a successful outcome. Unlike loans, there are no monthly payments or obligations beyond the case's outcome.

Pre-settlement funding is a crucial lifeline if you are involved in a pending lawsuit. It offers immediate relief from financial stress by providing you with a portion of the potential settlement amount upfront to cover your bills and other expenses.

Legal funding is beneficial for plaintiffs because:

• It provides financial support until your case is settled.
• There is no risk because you only need to repay if you win or settle the case.
• There are no credit checks or monthly payments.
• It saves you from going into debt to pay for daily living expenses.
• It prevents you from settling for a lower amount due to financial needs.

Pre-settlement funding may be an excellent option for you if:

• You have sustained damages due to an accident or personal injury.
• You have already secured legal representation from an attorney.
• You are awaiting the outcome of your case settlement.
• You find it challenging to cover your daily expenses.
• You are facing financial difficulties.

DBek Capital is the best legal funding company because we prioritize ethical and honest business practices. We offer competitive rates, direct funding, and individualized solutions tailored to your financial situation.

Our pre-settlement financing is quick, risk-free, and cost-effective. We use our own capital to ensure you enjoy the lowest rates and minimize fees. We are transparent in our communication and always keep you informed of your application and funding status.

Building a trustworthy connection with our clients is the core of our business. We develop lasting relationships to help clients achieve financial independence and set on a path toward legal victory.

The process of obtaining pre-settlement funding is straightforward:

• Application: you apply with information about the case and your attorney's contact details.
• Evaluation: we review the case and estimate the potential settlement amount.
• Approval: if your case meets our criteria, you are approved for a cash advance.
• Funding: once approved, you can receive your funds within 24-48 hours.
• Repayment: if you win your case, the advance is repaid from your settlement.

Depending on the lawsuit, we can advance anywhere from $500 to $100,000.

The amount of money you can receive is determined by the specifics of your case and typically ranges between 10% and 20% of the expected settlement value.

The exact number depends on factors like the case's strength, the legal process stage, and financial needs. We assess these elements during application to determine a suitable offer.

Once the application is approved, you can receive the money within 24 to 48 hours.

The timing may vary depending on the case, but we aim to deliver the funds as soon as possible. If you need the money on the same day, we can arrange electronic bank transfers, Western Union payments, or overnight delivery of physical checks.

Yes, your privacy is of the utmost importance to us.

We understand the importance of confidentiality and take great care to ensure that your information is secure and protected. We only disclose the existence and terms of your financing agreement to the attorney representing your lawsuit.

Our online application form takes just one minute to complete.

We collaborate with your attorney to evaluate your case quickly, usually within one business day. Once approved, we can transfer the funds to your account in 24-48 hours.

If you lose your case, you are not required to repay the advance.

This is because pre-settlement funding is non-recourse, meaning we recover the advance only when you win your lawsuit.

At DBek Capital, we use our own capital to assist clients with lawsuit funding.

This saves you money on financing costs and allows for faster disbursement. Our team communicates directly with you and your attorney so you can get the cash you need quickly.

Pre-settlement funding is subject to varying levels of regulation depending on the state.

Some states have specific laws governing the practice, while others do not. It is essential to work with a reputable company that adheres to industry standards and ethical business conduct.

Pre-settlement funding is offered without the need for credit checks, monthly payments, or personal risk. Unlike the alternatives, it is a risk-free choice because you only repay if you win.

How Does Pre-Settlement Funding Compare to Other Alternatives?

Personal Loans

Personal loans require strong credit and proof of income, which is challenging for plaintiffs who may be out of work due to their case. Personal loans also come with monthly payments, which must be repaid regardless of the case outcome, adding financial strain. Pre-settlement funding is based only on your case, does not need any credit checks, and repayment is only made if you win.

Borrowing From Friends & Family

While borrowing from friends or family is usually interest-free, it can strain personal relationships, especially if repayment is delayed. The amount borrowed may only cover some of your expenses. Pre-settlement funding provides an impartial solution, offering a lump sum based on your expected settlement and ensuring personal relationships remain intact.

Negotiating With Creditors

Negotiating payment plans with creditors can relieve some expenses like medical bills or rent, but it doesn't cover all your financial needs. This approach also involves time-consuming arrangements and continued debt obligations. Pre-settlement funding offers an upfront sum that can be used for any expense, with no repayment required if your case is unsuccessful.

Using Savings Or Retirement Funds

Drawing cash from savings or retirement funds brings immediate relief, but risks your long-term financial stability. Early withdrawals from retirement accounts may also incur tax consequences. Pre-settlement funding helps preserve your savings while covering immediate costs without the risk of depleting your financial nest egg or facing tax penalties.

Pre-settlement funding is a better option than personal loans because it's a risk-free proposition. It's not dependent on your credit history, so you don't have to worry about being denied.

This type of funding is non-recourse, meaning it's only repaid at the end of your lawsuit if you win. You never have to pay out of pocket, and we don't get paid unless you settle or win your lawsuit.

Yes, pre-settlement funding can help you avoid settling early for less money. This gives your attorney the time to continue fighting for a more equitable and larger settlement. We assist you while enduring litigation so your lawyer can prevail in court.

Medical bills, rent, or other living expenses can burden you with debt when involved in a legal case. Pre-settlement funding can help repair your credit by paying off these outstanding debts. Using legal financing to cover these costs, you can avoid late payments, defaulting on loans, and other penalties that damage your credit score.

Unlike traditional loans, litigation funding does not require a credit check or impact your score. Since repayment is only required if you win your case, there's no risk of adding more debt to your credit report if your case is unsuccessful.

If you've been injured and someone else is at fault, you may be eligible for legal funding, even if a lawsuit hasn't been filed yet.

Eligibility depends on the type and strength of your case, potential settlement value, and cooperation with your attorney. Most lawsuits involving accidents, personal injury, medical malpractice, product liability, and employment disputes are eligible. Your attorney's involvement and the stage of the legal process also play a role in determining eligibility.

Yes, we don't require you to provide your current or past employment history. With our simple legal funding process, you don't have to worry about collateral or proof of employment.

Yes, pre-settlement funding is determined by the strength of your case, not your credit history. We do not run credit checks, so your score has no impact your eligibility for funding.

No, applying for pre-settlement funding does not affect your credit score as it is not a traditional loan and does not involve credit checks.

We offer pre-settlement funding to plaintiffs involved in litigating in the state of California.

Not all legal cases may qualify for pre-settlement funding. Cases with low settlement values, minor disputes, and claims against uninsured defendants may not be eligible. Examples of cases that may not qualify include small claims, cases with low potential settlement values, or lawsuits with highly contested liability. Additionally, cases involving minor disputes or claims against uninsured defendants may also be ineligible for legal funding.

Many people think that companies like DBek Capital only offer lawsuit funding for car accidents and personal injury cases. However, we can provide pre-settlement cash for a wide range of civil litigation lawsuits. The key is to hire a lawyer on a contingency fee basis and have that attorney advocate for your settlement or trial award.

We offer pre-settlement funding for most types of personal injury cases, including:

Transportation

• Car Accident
• Truck Accident
• Bicycle Accident
• Motorcycle Accident
• Uber/Lyft Accident
• Pedestrian Accident
• RV Accident
• Bus Accident
• 18-Wheeler Accident
• Tractor-Trailer Accident
• Boating Accident
• Aviation Accident

Premises Liability

• Dog Bite
• Slip & Fall Accident
• Elevator Accident
• Escalator Accident
• Staircase Accident
• Swimming Pool Drowning
• Building Code Violation
• Negligent Security
• Negligent Maintenance

Severe Harm

• Bodily Harm
• Wrongful Death
• Emotional Distress
• Permanent Disability

We offer pre-settlement funding for most types of workplace cases, including:

Accidents

• Workplace Accident
• Machinery Accident
• Construction Accident
• Oil Field Accident

Hazards

• Burn Injury
• Electrocution Injury
• Falls From Height Injury
• Scaffolding Collapse Injury
• Repetitive Stress Injury (RSI)

Exposure

• Lead Poisoning
• Toxic Exposure
• Asbestos Exposure
• Hazardous Materials Exposure

Laws

• Wage & Hour Law Violation
• Jones Act & Maritime Labor Law Violation
• Death On The High Seas Act (DOHSA)
• Longshore And Harbor Workers Compensation Act (LHWCA)
• Federal Employers' Liability Act (FELA) Violation

We offer pre-settlement funding for most types of health medical cases, including:

Malpractice

• Malpractice
• Misdiagnosis
• Paralysis
• Disfigurement
• Amputation & Limb Loss
• Permanent Immobility
• Medication Error
• Surgery Error
• Anesthesia Error
• Radiology Error

Care Standards

• HIPAA Violation
• Nursing Home Abuse
• Emergency Room Error
• Hospital-Acquired Infection

Devices

• Medical Device Injury
• Metal-On-Metal Hip Replacement
• IVC Filter Injury
• Hernia Mesh Injury

Injuries

• Mesothelioma
• Talcum Powder
• Birth Injury
• Steroid Injection
• Epidural Injection
• Facet Joint Injection
• Lumbar Joint Injection
• Spinal Cord Injury
• Spinal Cord Stimulation (SCS)
• Traumatic Brain Injury (TBI)

We offer pre-settlement funding for most types of civil rights cases, including:

Abuse & Harassment

• Assault
• Battery
• Sexual Abuse
• Sexual Harassment
• Emotional Distress

Discrimination

• Age Discrimination
• Racial Discrimination
• Gender Discrimination
• Fair Housing Act Violation
• Americans With Disabilities Act (ADA) Violation

Other Violations

• Slander
• Defamation
• Invasion Of Privacy

We offer pre-settlement funding for most types of commercial litigation cases, including:

Contractual Disputes

• Breach Of Contract
• Bad Faith Insurance

Group Litigation

• Product Defect
• Product Liability
• Design Defect
• Manufacturing Defect
• Marketing Defect
• Failure To Warn
• Class Action Lawsuit

Business Disputes

• Business Tort
• Partnership Dispute
• Shareholder Dispute
• Intellectual Property Theft

We offer pre-settlement funding for most types of legal misconduct cases, including:

Malpractice & Misconduct

• Legal Malpractice
• Judicial Misconduct
• Prosecutorial Misconduct
• Fraudulent Misrepresentation

Civic Rights Violations

• False Arrest
• Excessive Force
• Wrongful Conviction
• Wrongful Imprisonment

Our application process is simple and straightforward:

• Application: provide basic information about the case and your attorney's contact details.
• Evaluation: we review your case to determine eligibility and the offer amount.
• Offer: we deliver a funding agreement outlining the terms of financing.
• Acceptance: review the offer, discuss it with your attorney, and sign the agreement.
• Funding: you receive the funds within 24 to 48 hours after endorsement.

Yes, we require you to have legal representation to apply for pre-settlement funding. Your attorney is vital in providing information about the case and facilitating the funding process.

Yes, you can apply for legal funding before the settlement. In fact, it is most beneficial to apply before settlement so that you can use the funds to help with your bills, medical costs, and other daily expenses while you wait for the outcome of your lawsuit.

Yes, it is common for plaintiffs to request multiple fundings as their expenses accumulate. Obtaining several smaller amounts instead of one significant advance upfront can be more cost-effective because you avoid paying interest on the money you do not need immediately. You can apply for funding on multiple cases, and receiving smaller amounts over time may be more cost-effective than a large lump sum.

You can apply for more funding if your case takes longer than anticipated or your financial needs increase. However, we may need to reevaluate the case before granting additional financing.

Before you accept pre-settlement funding from a company, applying to multiple providers and comparing their offers is a good idea. Once you've received an advance from one company, it can be challenging to switch to another. Take your time to review all offers carefully and choose the best option before signing any agreements.

Before accepting pre-settlement funding, consider the following:

• Attorney Advice: discuss the offer with your attorney to ensure it's in your best interest.
• Total Cost: review the interest rates, fees, and the total repayment amount.
• Impact On Settlement: understand how the advance will affect your final settlement amount.

We can deliver the funds in several ways, including electronic bank transfers (ACH), Western Union payments, cashable checks, and FedEx business-day overnight delivery.

The advance is intended to provide economic relief during the legal process so you can use the funds as needed: cover medical bills, rent or mortgage payments, debt obligations, daily living expenses or any other financial needs during litigation.

The only restriction is that pre-settlement funds cannot finance the lawsuit itself (for example, to pay for attorney retainer or cover court fees).

The pre-settlement funding and any accrued interest and fees will be repaid from your final settlement. This means that the advance and any related costs will lessen the amount you ultimately receive from your settlement. It's fruitful only to borrow what you need to prevent a substantial reduction in your final payout.

If the settlement amount is lower than anticipated, you will only need to repay a portion of the pre-settlement advance. You will not be responsible for any amount exceeding the coverage provided by the settlement.

We may grant the option to repay the advance early, which could reduce the total interest and fees. If you're considering this, discuss early repayment with our customer service team when applying.

The cost of pre-settlement funding varies depending on the complexity of your lawsuit, the likelihood of a successful outcome, and the length of time until your case is resolved.

Once we review your case and evaluate the risks associated with funding, we are very transparent about these expenses. We encourage you to discuss our offer terms with your funding agent to clearly understand the financial implications before accepting an offer.

As a reputable and ethical litigation funding provider, we have no hidden fees and clearly disclose all fees upfront. We encourage you to read our funding agreement carefully and discuss our terms before signing.

Be wary of companies that are not transparent about pricing or include vague terms in contracts.

Once you receive a settlement from your lawsuit:

• Your attorney will deduct their fees and expenses
• Any liens on your recovery amount will be paid off
• We will receive the payment for the pre-settlement funding
• You will receive the remaining amount of the judgment award

Our payment from the recovery will include the following:

• A return of the initial amount we furnished to you
• An administrative fee for processing your funding request
• An additional amount representing the cost of financing provided to you

We have the most affordable and equitable rates in the legal finance industry to provide the lowest costs to our clients. As a direct funding provider, we use our own capital, enabling us to offer the most competitive rates to our clients.

Your actual rate will depend on how complex your case is, the probability of a favorable result, and the length of time until your case is settled.

Non-recourse funding means clients owe nothing unless they win or settle, and their credit history is not considered in the approval process.

Our funding approach simplifies the process for you and your clients. We don't need to delve into your client's credit history or legal status. Your clients can rest easy, knowing they can qualify even with bad credit.

Our financing is a straightforward, risk-free cash advance on a potential settlement or trial award. Your clients never have to pay out of pocket while the case is pending. We are only compensated if plaintiffs win or settle their cases.

Litigation funding provides financial stability for clients, allowing attorneys to pursue a more strategic and thorough legal approach. When done correctly, pre-settlement funding empowers injured plaintiffs and their attorneys, providing long-term benefits.

Often, a client's financial condition forces them to accept for significantly less than the actual value of the case. This is where we step in to provide your clients with capital to sustain them financially during their lawsuits. While doing so, you regain the advantage of time, allowing you to thoroughly implement an optimal legal strategy and offer your clients the financial reward they deserve.

DBek Capital was founded by attorneys with decades of experience, ensuring a smooth, efficient funding process that benefits both clients and law firms.

Our team has over 30 years of expertise representing victims of personal injury and accident cases. We understand what it's like to be a plaintiff lawyer and how valuable time is, so we do everything to simplify lawsuit funding for you and your firm.

We make the best effort to fund cases for what you feel is appropriate.

We do not interfere with lawsuits or provide legal advice. Our focus is solely on providing financial support through pre-settlement funding. We can consult your clients on the differences between legal funding and other alternatives, allowing them to make the best financial decisions.

We can accept an application as soon as the client has retained an attorney. We support funding at any case stage, whether before or after the lawsuit is filed or even throughout the appeals process.

Your clients can apply by calling (888) 507-7008, emailing [email protected], or filling out a short online application.

We require very little information:

• The client's name and contact information
• The type of case
• A summary of the claim
• The attorney's approval

In most circumstances, we do not ask for theories of liability, police reports, or medical records.

Your clients will speak with one of our funding specialists, experienced in legal and financial matters. We understand how to move the lawsuit funding process forward while educating your clients on all aspects of legal funding.

Our funding process is simple and straightforward. We know the burdens of an attorney, so we handle all the documentation required to assist your clients 24 hours a day, seven days a week. Once an application is approved, we can fund it in as little as one business day.

Contact your dedicated service representative at (888) 507-7008 or [email protected].

Unlike other companies that rely on outside financing and investment, we only use our own funding. The presence of external investors compels others to charge significantly higher interest rates. Such costly arrangements mean that your clients will receive a lower portion of the award, and you will send them a smaller check in the end. By working with us, you preserve clients' final settlement and offer them a better overall outcome.

Don't just accept their word for it - ask these questions and compare them with our offering:

• Can you send me a sample $1,000 funding contract with the same terms my clients would sign?
• What is the interest rate?
• What fees are included in the contract?
• What costs are not included in the contract?
• How and when are the fees/costs calculated?