FAQ
Get answers to the most common questions about our funding options. From pre-settlement funding to hard money loans, we provide clear and concise information to help you make confident financial decisions.
General Questions
What is pre-settlement funding?
Pre-settlement funding provides immediate financial assistance by advancing a portion of your anticipated lawsuit settlement, helping you cover expenses during legal proceedings.
Do I need an attorney to apply?
Yes, having legal representation is necessary to qualify for pre-settlement funding. If you don't have an attorney, we can assist in connecting you with one.
How does the application process work?
Apply online or over the phone, provide case details and attorney information, await approval, and receive funds upon acceptance.
Will the defendant's insurance company be informed?
No, the funding process remains confidential between you, your attorney, and Platinum Capital Holdings.
Financial Questions
Is good credit necessary to qualify?
No, credit history is not a factor; approval is based on the merits of your case.
How quickly can I receive funds?
Once approved, funds can be disbursed within 24 hours.
How much funding can I receive?
Funding amounts vary but typically range from $500 to $100,000, depending on your case's specifics.
How is repayment handled?
Repayment is made directly from your settlement proceeds once your case concludes successfully.
What are the costs associated with pre-settlement funding?
Costs vary based on case details; competitive rates are offered, with no upfront fees.
After You Apply
What should I do after applying?
Inform your attorney about your application, as we will contact them to verify case details.
How can I check the status of my application?
Contact our customer service team for updates on your application's progress.
Can I apply for additional funding later?
Yes, additional funding may be available; contact us to discuss your situation.
Types of Funding
What types of cases qualify for pre-settlement funding?
We fund various cases, including personal injury, auto accidents, workplace accidents, and more.
Do you offer funding for commercial cases?
Yes, we provide funding for select commercial litigation cases.
What is a hard money loan?
A hard money loan is a short-term, asset-based loan primarily used for real estate investments, offering quick financing based on property value rather than credit history.
Who can benefit from hard money loans?
Real estate investors, developers, and individuals seeking swift financing for property purchases or renovations.
What are the terms and interest rates for hard money loans?
Terms typically range from 6 to 36 months, with interest rates varying based on the property's value and loan specifics.
How do I apply for a hard money loan?
Contact us with details about your real estate project; our team will guide you through the application process.
Case Types
Do you fund auto accident cases?
Yes, we provide funding for various auto accident cases, including car, truck, and motorcycle accidents.
Are workplace injury cases eligible for funding?
Yes, we offer funding for workplace injuries, including construction accidents and other job-related incidents.
Do you provide funding for slip and fall cases?
Yes, premises liability cases, such as slip and fall incidents, are eligible for funding.
Do you fund product liability cases?
Yes, cases involving injuries caused by defective products are eligible for funding.
Didn’t Find the Answer? Ask us Questions
Call us directly, submit a sample or email us!