PRE-SETTLEMENT FUNDING FAQ
Here Is The Most Frequently Asked Questions.
Before signing any contracts with another lending source, make sure you ask these questions. We find that many of our clients rush to get the quickest money and it ends up costing them thousands of dollars when it’s time to pay back the lending company. Your attorney will agree!
Capital Financing only requires that you have an attorney representing you in an active Personal Injury or Worker’s Compensation case, while also being injured in an approved state that allows our services.
To find approved states click APPROVED STATES
Once our underwriting department approves your advance, our contracting department will contact you within 1 hour.
Capital Financing provides the most innovative and quickest ways to received your money even if you don’t have a bank account.
Your Delivery Options:
- Overnight Delivery
- Debit Card
- Google/Apple Pay (only company in the industry with technology) and accompanied with gift card
*$25 Fee Applied to All Delivery Options.
Compounding Interest is never a good idea when you are getting an advance on your litigation case. This is when interest is added to the principal of your advance and then there is interest on that too. Compounding Interest is best considered on your investments never when borrowing money. We strongly urge you to ask this specific question when inquiring about an advance as most companies we have learned will not be transparent on their fees. When your litigation case takes years to settle after you received your advance, a $3000 advance that compounds can turn into $9000+ quickly.
From the inception of our business, we felt that the concept of Compounding Interest was such an unethical way to provide a quality service. When you are going through a difficult time, no one should take advantage of you. Capital Financing has never charged anything but a Simple Fee financing structure that is fair and saves you money. When your case takes longer than expected, having a Simple Fee and terminating structure will protect you against owing us more and allows you to take home more of your settlement.
This will all depend on when your case settles. As your advance typically will increase either monthly or in some other manner, it is best to review the disclosure statement that should be in your contract. With Capital Financing, we provide the disclosure statement on page 1 so you know exactly what you will owe throughout the life of the advance. With our unique financing model, you will always know the most you can owe from day 1 knowing your advance can terminate at 12 months.*
Capital Financing doesn’t charge interest as you will see from other companies. It is not unusual to see a minimum 3% monthly interest with compounding interest when you work with most companies. We charge a flat-fee every 90 days that will stop at 1 year. This fee is the same every 90 days and will be dependent on the amount you are advanced. *Call to ask us about your advance fees.
Capital Financing only charges $25 to send your money. Unlike other companies that use Western Union which will cost $199 or more, we use advanced technology out of Canada that allows us to put money on your Apple/Google Pay in seconds. If you prefer other manners to use your money, we can advance the money onto your bank debit card, ACH/Wire, or overnight delivery for the same $25 fee.
When you apply for an advance, we will only perform criminal, child support, and bankruptcy background checks. We will not request verification of your employment or your credit score. Our ability to advance you money will be based on the injuries and case details we are provided.
There is no perfect answer. We strive to approve the same day or within 24 hours from when you requested the advance. Unfortunately, much of the approval process is not in our control which may delay the approval of your advance. Example: Your law firm doesn’t respond to calls or emails with case information. The good news is that even with challenges regarding a law firm delaying the process, it doesn’t take more than 1-3 days worst case.
We require you and your lawyer to sign electronically. We will text or email you the contract to sign which will then send to your attorney. Once your attorney signs, you are notified and the contract will be sent to both parties to save.
All our clients are eligible for additional advances as long as the case can support more money. We typically ask that you wait 30-45 days before requesting additional money. There are no limits on how much money we can advance or how many advances we will make. If your case can support the money or numerous advances, we will approve you.
We ask that you request additional advances 30-45 days from the prior advance date.
Law Suit Cases We Finance
No Credit Checks. No Job Verification.
No Risk if You Lose