What Can I Use Pre-Settlement Funding For? (Rent, Medical Bills, and More)
3 min read read
Published Apr 2, 2025
Your Money, Your Rules
One of the best features of pre-settlement funding is the lack of restrictions. Once the funds land in your bank account, they are yours. We do not audit your spending or ask for receipts.
Unlike a car loan (which must buy a car) or a mortgage (which must buy a house), this is an unrestricted cash advance. You are free to prioritize the expenses that are most urgent for your family's survival.
The Most Common Uses
While you can spend it on anything, most of our clients use the funds for essentials to keep their lives stable during the lawsuit. The most common uses include:
• Housing: Paying rent or mortgage to prevent eviction or foreclosure.
• Utilities: Keeping the lights, heat, and water running.
• Transportation: Car payments, insurance, or repairs so you can get to medical appointments.
• Medical Needs: Co-pays, prescription costs, or physical therapy sessions that insurance doesn't cover.
What You Should NOT Use It For
Because pre-settlement funding comes with a cost (interest), we strongly advise against using it for non-essentials. It is not wise to use this money for vacations, luxury purchases, or gambling.
Think of this money as a lifeline, not a lottery win. Every dollar you spend now is a dollar deducted from your future settlement, so use it to protect your credit and your home, not to splurge.
