How Pre-Settlement Funding Companies Analyze A Case

Pre-settlement funding companies like Provident Lawsuit Loans provide cash advances to personal injury plaintiffs who are waiting for their cases to settle. But how do these companies decide whether or not to approve a case for funding? We’ll cover the basics of the application and review process for most pre-settlement loan companies here.

How do pre-settlement funding companies review a case?

When you apply for pre-settlement funding, the company will ask for some basic information about your case. They’ll want to know who the defendant is, what happened, and how much you’re expecting to receive in your settlement. From there, settlement loan companies will usually collect the remaining information from your law firm.



One of the first things that a pre-settlement funding company will look at is who was at fault for the accident or incident that led to your injury. In order for you to receive a cash advance, you must have a strong case against the defendant. If it’s unclear who was at fault, the funding company may be less likely to approve your case. Some examples of documents that they might collect include:

  • The police report from the accident
  • Eyewitness statements
  • Expert witness testimony
  • Photos or videos of the accident scene


The severity of your injuries will also play a role in the pre-settlement funding company’s decision. They’ll want to know what kind of injuries you sustained and how long you’re expected to recover. In general, the more severe the injuries, the more likely you are to be approved for funding. Some examples of the kinds of documentation that a funding company might ask for include:

  • Your medical records
  • Your doctor’s prognosis
  • Bills and receipts for your medical treatment
  • Lost wage statements


The pre-settlement funding company will also want to know what kind of insurance coverage the defendant has. If the defendant doesn’t have insurance or doesn’t have enough insurance to cover your damages, the funding company may be less likely to approve your case. Usually, settlement advance companies take the attorney’s word for how much insurance is available. Sometimes they will request a declaration page.

What’s the pre-settlement funding approval process?

Once the pre-settlement funding company has all of the information that they need, they’ll begin the approval process. This usually involves a few different steps.

Your application

The first step is for you to fill out and submit an application. This will include some basic information about you and your case.

Your attorney

Once you’ve submitted your application, the funding company will reach out to your attorney for more information. They’ll want to confirm that you have a case and that your attorney is on board with you applying for funding.

Our underwriter

After your attorney has provided the necessary information, a funding company underwriter will review your case. The underwriter will decide how much money to offer you and what kind of terms to offer.

Your approval amount

Once the underwriter has made a decision, you’ll be notified of how much money you’ve been approved for. You’re not obligated to accept the offer, but if you do decide to move forward, you and your attorney will each sign a contract and you will receive your funds.

Your funds

Once you’ve signed the contract, the funding company will send you the money that you’ve been approved for. You can use this money however you’d like – to pay medical bills, cover living expenses, or anything else. Usually, funds are sent via Western Union, wire transfer, direct deposit, or overnight check. Pre-settlement funding can be a helpful way to get cash while you’re waiting for your case to settle. If you think it might be right for you, be sure to do your research and choose a reputable company. Provident Lawsuit Loans is a great option for those who need cash now and we’re always happy to answer any questions you have about the process.

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