Pre-Settlement Funding in Oregon

Oregon pre-settlement funding is a financial service that provides cash advances to plaintiffs involved in personal injury lawsuits before their cases are resolved. This type of funding helps cover immediate expenses while you wait for your settlement or judgment.

Pre-settlement funding is not a loan. Rather, it’s a non-recourse cash advance, and if you are involved in a personal injury case that has you facing financial challenges while you await your settlement, you may be considering pre-settlement funding as an option.

This experience can feel overwhelming and confusing, but you’re not alone. Reach out to learn more about pre-settlement funding. Knowing your options will help you figure out what to do and how to proceed with greater confidence.

What Is Pre-Settlement Funding in Oregon?

Pre-settlement funding in Oregon offers financial relief to people who are involved in ongoing personal injury claims. When someone files a lawsuit after being hurt due to another party’s negligence, they often face long wait times before reaching a resolution.

In the meantime, medical bills, rent or mortgage payments, and other living expenses start to add up quickly, so pre-settlement funding exists to help fill that financial gap. While it’s not technically a loan, this funding provides plaintiffs with cash advances based on the future expected value of their settlement or court award.

Do I Have to Pay the Money Back if I Lose My Case?

Unlike traditional loans, pre-settlement funding in Oregon is non-recourse. This means the plaintiff is not obligated to repay the funding if they lose their case. The advance is paid back only if the case results in a financial recovery.

This structure makes it less risky for plaintiffs who are already under financial strain. However, it also means that funding companies take on a higher level of risk, which is reflected in the fees and rates associated with the advance.

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How the Process Works

The process begins with an application in which the plaintiff provides basic details about the case, including the nature of the claim, the type of injury, and the current status of the lawsuit.

The funding company will then review the case in coordination with the plaintiff’s attorney. Together, these parties will evaluate the strength of the plaintiff’s claim and estimate its potential settlement value.

Factors such as liability, insurance coverage, medical documentation, and damages usually all come into play when determining eligibility and the amount of funding offered.

Legal Framework and Consumer Protections in Oregon

Oregon law does not have specific statutes governing pre-settlement funding. However, funding companies operating in the state are still required to adhere to general consumer protection laws, including transparency around interest rates, fees, and repayment terms.

The Oregon Department of Consumer and Business Services (DCBS) enforces these protections to ensure that financial service providers operate fairly and ethically. One important aspect of pre-settlement funding in Oregon is the requirement for clear disclosure of terms.

Plaintiffs must be informed upfront about the following information:

How much money they are receiving
How repayment will work
What the total repayment amount would be if the case is successful

Many companies use a flat fee or monthly compounding rate model to calculate repayment. Since the funding is repaid from the settlement or court award, the total amount owed can grow over time depending on how long the case takes to resolve.

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Eligible Case Types in Oregon

The types of cases in which plaintiffs are eligible for pre-settlement funding in Oregon generally include personal injury claims, such as:

Car accidents
Truck accidents
Pedestrian accidents
Slip and fall incidents
Medical malpractice
Product liability cases

Wrongful death claims may also qualify if a surviving family member has filed suit on behalf of the deceased. That said, every case will be evaluated individually.

In turn, the funding amount that people receive will be based on the expected settlement size, which is influenced by liability, damages, and available insurance coverage.

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Distribution of Settlement Funds

Pre-settlement funding may also affect the distribution of funds once a case settles. After attorney fees, medical liens, and court costs are paid, the funding company will receive repayment from the remaining proceeds.

Only after those deductions will the plaintiff receive the final disbursement. This makes it even more important to understand how funding will impact the net amount received at the end of the case.

Reach Out to Our Legal Funding Team in Oregon Today for More Information

If you or someone you care about is considering pre-settlement funding in Oregon, you don’t have to go through this process by yourself. Dealing with a pending lawsuit while struggling monetarily can feel incredibly stressful, but you don’t have to face your circumstances alone.

Fortunately, with Pegasus Legal Capital by your side, you can trust us to offer clarity and provide guidance. We’ve been extending reliable funding solutions to people just like you since 2007, and we want to help you stay afloat as you wait for your case to move forward.

Don’t wait to explore your options. The sooner you contact us, the sooner we can walk you through what to expect and assist you as you determine which next steps are right for your situation. Reach out today. We’re here to help.