5 Common Myths about Pre-Settlement Funding Debunked

The landscape of legal funding, particularly pre-settlement funding, is often surrounded by a cloud of myths and misconceptions. These myths can potentially deter individuals who might significantly benefit from such financial resources. Today, we at 111 CAPITAL aim to debunk these misconceptions, providing clear, factual information to guide you, our potential clients, in your decision-making process.

Myth 1: Pre-settlement funding is a loan

Contrary to popular belief, pre-settlement funding is not a loan. While loans require a credit check, employment verification, and repayment regardless of the outcome, pre-settlement funding does not. The funding is non-recourse, meaning if you lose your case, you owe nothing back.

Myth 2: Only desperate people need pre-settlement funding

This couldn't be further from the truth. Individuals from various financial backgrounds seek pre-settlement funding. They do so not out of desperation, but to ensure they have the financial resources to see their case through without settling early due to monetary constraints.

Myth 3: The application process is complex and lengthy

At 111 CAPITAL, we've streamlined the application process, making it straightforward and swift. We work in sync with your attorney to assess your case, with an aim to provide a funding decision within 48 hours.

Myth 4: Pre-settlement funding is expensive

While costs can vary, the key lies in finding a reputable funding company. At 111 CAPITAL, we pride ourselves on our transparency, offering competitive rates and discussing all fees upfront, with no hidden charges.

Myth 5: Accepting pre-settlement funding means giving up control of your case

Another common misconception is that by accepting funding, you cede control of your lawsuit. This is not the case. Your attorney continues to handle your case independently, while we provide the financial support you need to carry on with the lawsuit without undue stress.