FAQ

Most reputable pre-settlement funding companies, including Fanscom Funding, do not charge upfront fees or impose hidden costs. The funding agreement typically outlines the terms and conditions, including any fees or charges, which are deducted from the settlement proceeds upon successful resolution of your case.

No, obtaining pre-settlement lawsuit funding should not impact your attorney’s fees or the outcome of your case. Your attorney’s fees are typically separate from the funding agreement, and the funding company does not interfere with the legal proceedings or the attorney-client relationship. The outcome of your case depends on various factors, including the strength of your legal arguments and the evidence presented, rather than the fact that you obtained funding.

The time it takes to receive pre-settlement lawsuit funding varies depending on the company and the complexity of your case. However, many companies strive to provide funds within a relatively short period, often within 24 to 48 hours of approval.

No, companies offering pre-settlement lawsuit funding do not typically involve themselves in managing your case or influencing your legal decisions. Their primary role is to provide financial assistance, and they usually leave the legal strategy and settlement negotiations to you and your attorney.

The process of obtaining pre-settlement lawsuit funding involves completing an application form, submitting relevant case documents, and undergoing a review by the funding company. If approved, you will receive funds to cover your expenses while awaiting the resolution of your case. Repayment is usually made from the settlement proceeds once your case is settled.

After submitting the pre-settlement lawsuit funding form, the company will review your application and assess the details of your case. If approved, you will receive a funding offer outlining the terms and conditions of the agreement.

Pre-settlement lawsuit funding is a service provided by companies like Fanscom Funding that offer immediate financial assistance to individuals involved in a lawsuit. This funding allows plaintiffs to cover their living expenses and other financial obligations while waiting for their case to settle.

Qualification for pre-settlement lawsuit funding typically depends on factors such as the strength of your case and the likelihood of a favorable settlement. Companies offering this service usually assess your case’s merits before approving funding.

No, pre-settlement lawsuit funding is not a loan. It is a non-recourse cash advance, meaning you only repay the funding company if you win your case and receive a settlement. If your case is unsuccessful, you are not required to repay the funding.

Yes, pre-settlement lawsuit funding can be used to cover various expenses, including medical bills, living expenses, mortgage or rent payments, car payments, and other financial obligations related to your lawsuit.

Your credit score is never considered in the approval process.

As a conscientious financial institution, we typically cap funding at approximately 10% of our projected assessment of your potential case value (ranging from $500 to $100,000, depending on your specific circumstances). This prudent approach ensures that you receive ample proceeds from the settlement to address your needs effectively.

The pricing for funding is individually tailored to the unique details of your case. Enjoy a complimentary application process, and upon approval, receive comprehensive pricing details. Our fees are competitive, and there are no upfront costs—repayment is deducted from the settlement. In the event of an unsuccessful case outcome, you owe nothing.

No. The percentage of the cases we invest into is not affected in any way by the time it takes for a case to settle. Whether you settle in 2 months or obtain a verdict in 5 years, their is no financial obligation until resolution of the case.

After your case concludes, Fanscom ensures a streamlined and straightforward process. Our dedicated team of service representatives is available to address any inquiries from you or your attorney.

In the event of no recovery or settlement in your case, you retain the funds received from Fanscom. There is no risk involved for you. Kindly instruct your attorney to reach out to Fanscom in case of no recovery or settlement in your case.

Yes! You should absolutely have him/her review our simple client agreement before proceeding. We will be working with your attorney through this process.

We know that people who are applying with Fanscom have an urgent need for funding and are looking for help, quickly. We genuinely wish we could help all our applicants, but sometimes we cannot. Here are some of the most common reasons we have to decline an application.

Your case is too new – While every case is different, in general it is helpful to our underwriting process to review the case at least 30 days after the accident date. We need enough information about the accident to make a funding decision. This may include information about the defendant and their carriers, information about the damages sustained, an acceptance of liability, etc., all of which take some time after an accident to be established.

You don’t have an attorney – We will not process a funding request unless you have an active case with a licensed attorney, and we are able to work with that attorney to determine your eligibility. Be very cautious if the funding company you are working with does not require the participation of your legal counsel. No one knows your case and will advocate for your best possible outcome like your attorney. If you don’t have an attorney – but would like one – Fanscom may be able to help. Find out more.

We want you to be satisfied at settlement – One of our goals in providing pre-settlement funding is to not only help you get money now to cover immediate needs, but to try and make sure you’re satisfied with your settlement check. Sometimes the amount you are requesting (either with a first request or based on additional requests) may mean that when your case ultimately settles, there are fewer dollars left for you to have a satisfactory outcome. Be cautious of funding companies willing to overextend funding.

We are unable to obtain necessary information – Often applicants, in their rush for help, don’t provide accurate contact information for themselves or for their attorney. Please make sure we have your accurate information, and be on the lookout for calls, texts or emails (depending on your selected contact preferences) from us to answer any questions we may have. It’s equally important for you to you contact your attorney and tell them of your desire for funding and to give them permission to speak to us. If we don’t have the information we need, we’ll make several attempts to contact you and/or your attorney, but if we can’t gather the necessary information, we will have to decline the case.

Your case doesn’t meet our guidelines – While your credit score is never a factor in our funding decision, other financial liabilities including bankruptcies and liens such as child support can disqualify you from funding. Once any liens are satisfied, you are welcome to reapply for funding.