After enduring insurance company negotiations or a lengthy legal battle, it is natural to feel eager to access the settlement funds you have worked hard to secure. However, even once a settlement is agreed upon or a verdict is reached, it can take some time before those funds are available to you. This delay can be frustrating, especially when immediate financial needs arise.
At Mustang Funding, we understand the urgency of accessing your funds promptly and are here to support you during this waiting period.
Settlement Check Clearance Times Can Vary
The exact time it takes for a settlement check to clear can be unpredictable and can be influenced by different factors, including:
- Delays in processing by your bank or financial institution
- Issues with your account, such as overdrafts
- Holds placed by banks to verify the check’s validity
- Whether the check was directly deposited or received as a physical check (direct deposit generally speeds up the process)
- Errors or missing documents in the paperwork
- Complications with lienholders or debt repayment
It is not uncommon for it to take several days or weeks to receive your settlement check, especially if there are any complications or additional procedures involved. Your attorney will keep you updated on the status of your settlement and provide an estimated timeline for when you can expect to receive your funds.
For the most accurate information, you may also want to check directly with your bank.
Is It Worth Considering Pre-Settlement Funding?
If you find that the process of receiving your settlement is taking longer than anticipated and you need immediate financial help, pre-settlement lawsuit funding might be worth exploring.
With our risk-free funding, you can expect:
- Quick Access to Funds: Pre-settlement funding can provide you with the money you need within 24 to 48 hours after approval, giving you immediate relief while you wait for your settlement check.
- Repayment on Your Terms: You only need to repay the funding if you win your case or secure a settlement.
- A Simple Application: The process for applying is straightforward and based on the strength of your case, not your credit history, making it an accessible option even if you are facing financial difficulties.
While pre-settlement funding may not be the ideal solution for everyone, it can be a valuable resource if your lawsuit is prolonged or if unexpected delays are impacting your finances.
Consult With Mustang Funding Today
Do not let the waiting period for your settlement funds cause unnecessary stress. By obtaining an advance on your settlement through pre-settlement funding, you can receive a portion of your settlement in your bank account in as little as 24-48 hours after approval.
To learn more about how pre-settlement funding works, explore our ultimate guide to pre-settlement funding. Apply online today or give us a call.
