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Can I Get a Pre-Settlement Loan If My Credit Is Bad?

An unexpected injury can bring all sorts of new expenses to your life. Receiving a personal injury settlement for your accident can be a lengthy process, and you may find yourself in the unfortunate position of deciding which essential expenses to prioritize. 

A Las Vegas personal injury pre settlement loan can help you get some of your settlement money now, when you need it most. If you’re wondering about the impact of a bad credit score on your ability to receive one of these loans, read on. 

What Is a Pre Settlement Loan? 

In reality, a pre settlement loan is not really a loan; rather, it is a sort of cash advance that gives you access to funds based on the projected amount of your settlement. 

Pre settlements loans can help you deal with your most immediate concerns: providing for yourself and your family, paying your medical bills, and covering the basic costs from your everyday life. 

Perhaps most importantly, you pay back your pre settlement loan only if you win your case or receive an out-of-court settlement.

In addition to covering your everyday expenses, a Las Vegas personal injury pre settlement loan can help maximize your settlement by giving you the leverage in the negotiation process. If you’re not worried about your covering day-to-day costs, you can wait out the negotiation process in order to increase the amount of your award.

Does Bad Credit Impact Your Pre Settlement Loan Application?

A pre settlement loan is different from a traditional loan because it does not take into account your credit score or banking history. Instead, the unique facts of your personal injury claim will be evaluated to determine your suitability for a pre settlement loan. 

The fact that you’ve been late on a few credit card payments won’t have any bearing on your pre settlement loan application. If you’ve been injured in an accident and need cash now, you can rest assured that a poor credit score will have no impact on your ability to continue providing for yourself and your loved ones. 

Find Out Whether a Las Vegas Personal Injury Pre Settlement Loan Is Right for You

If your injury is causing you to make some tough financial decisions, you know it’s time to ask about a pre settlement cash advance. At Money First Lending, we work with Las Vegas personal injury victims by providing pre settlement loans that help them get back on their feet. 

Call 702-623-3333 to find out whether a pre settlement loan is right for you. Our agents are standing by to get you started with a free consultation.