Are You Eligible for Pre-Settlement Funding?
After an accident, getting your car repaired is only one of the financial hurdles you might face. If the accident led to an injury, you may need extensive medical attention and support. You may lose wages due to extended time away from work which can lead to you falling behind on your financial responsibilities.
That’s why Glofin Funding is committed to helping plaintiffs find the financial support they need while they wait for their personal injury case to settle. By providing risk-free pre-settlement funding, Glofin alleviates financial and medical pressure.
Before you apply for pre-settlement funding, however, there are a few things you should be aware of that could prevent you from getting approved.
Do you live in a state that doesn’t support third-party funding?
Some states have regulations that do not allow third-party funding companies to assist plaintiffs with cash advances. These rules affect our ability to get you the financial aid you need to make it to the finish line. It is important for us to mention that these rules are not a reflection of your attorney but your attorney has to legally abide by them. States with these regulations include Arkansas, Colorado, Delaware, Kentucky, Kansas, Maryland, Minnesota, and West Virginia.
If you attempt to apply for funding on Glofin’s website and you live in one of the aforementioned states, you will not be able to proceed to the final steps of the application process.
Are you applying for funding for a workers’ comp case?
Because workers’ comp is a form of state accident insurance paid by employers, these types of personal injury cases pose a separate set of challenges for pre-settlement funding companies.
Due to these claims being state-run, many states have regulations against third party lenders. The rules only allow for state-approved repayment obligations to be attached to any potential settlement proceeds. These often include child support, certain tax liens, government debts, and a few others.
Before you fill out an application, please note that Glofin cannot provide workers’ compensation lawsuit funding for claims that occur in the following states:
|California||Maryland||New Hampshire||Rhode Island||West Virginia|
|Colorado||Massachusetts||New Jersey||South Carolina||Wisconsin|
|Delaware||Michigan||New York||South Dakota||Wyoming|
|District of Colombia||Mississippi||North Carolina||Tennessee|
Have you hired an attorney?
Before you apply for pre-settlement funding, the first step you need to take is to secure an attorney. No matter how valuable your personal injury case may be, the chances of you winning your case decrease significantly in the absence of legal representation. The sooner you connect with an attorney the sooner you can get the financial support or medical care you deserve.
Have you already received a significant amount of funding from other companies?
If you’ve received a significant amount of funding that surpasses the value of your case, there’s a high possibility that you will be denied if you apply for more. Consult your attorney and determine whether or not applying for additional funding is an option.
Have you been denied lawsuit funding?
Backed by 17+ years of experience, Glofin is proud to be the premier resource for plaintiffs seeking pre-settlement funding. If you have questions or were previously denied, our experts are prepared to assist you as best we can.
For more information on pre-settlement funding or a denied claim, call (888) 667-1991 or email us using the form on the contact page today.