NO. Pre-settlement funding is not a loan. You and your client have no personal liability as our funds are non-recourse. If your client does not receive a settlement or cash award, they pay nothing back. PRV Asset Management bases our funding upon the purchase of a portion of the cash proceeds of the plaintiff’s future case award or settlement.
If the plaintiff does not receive a settlement or cash award, there is no obligation to repay PRV Asset Management for the cash advance.
PRV Asset Management does NOT get involved in the case. We simply provide funding to make it possible for the plaintiff to cover living expenses while pursuing a fair settlement. We do not provide any legal advice.
PRV Asset Management does not charge an application fee. If a pre-settlement advance is approved, fees vary depending upon the type and value of the claim. Each case is evaluated individually and fees are tailored based upon the circumstances of a case. PRV Asset Management offers flexible terms to help maximize the settlement. There are no upfront fees or monthly payments. The plaintiff pays nothing until their settlement is received. If no settlement is awarded, there is no obligation to repay the settlement cash advance or any fees associated with it.
To be eligible for pre-settlement funding a person only needs to be involved in a pending lawsuit or claim, have an attorney representing them and need immediate cash to meet their living expenses.
Credit history or employment status does not factor into PRV Asset Management lawsuit funding decision. We are only concerned with the quality of your pending claim or lawsuit.
PRV Asset Management will evaluate a case immediately upon receiving an application and all the information needed regarding the claim.