{"id":5715,"date":"2023-05-18T13:48:50","date_gmt":"2023-05-18T13:48:50","guid":{"rendered":"https:\/\/www.settlementadvancedpros.com\/?page_id=5715"},"modified":"2023-05-18T13:48:50","modified_gmt":"2023-05-18T13:48:50","slug":"faq","status":"publish","type":"page","link":"https:\/\/settlementadvancedpros.com\/index.php\/faq\/","title":{"rendered":"Faq"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"5715\" class=\"elementor elementor-5715\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a9983f7 pylon-column-stretched-none elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a9983f7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-87bff99\" data-id=\"87bff99\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b245f14 elementor-widget elementor-widget-pylon_accordion\" data-id=\"b245f14\" data-element_type=\"widget\" data-widget_type=\"pylon_accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\r\n\r\n        <script>\r\n\r\n            jQuery(document).ready(function($) {\r\n\r\n                \"use strict\";\r\n\r\n            $(\"#accordion-332210857 .collapse\").on(\"shown.bs.collapse\", function() {\r\n\r\n                $(this).prev().addClass(\"active\");\r\n\r\n                $(this).prev().parent().addClass(\"active\");\r\n\r\n            });\r\n\r\n        \r\n\r\n            $(\"#accordion-332210857 .collapse\").on(\"hidden.bs.collapse\", function() {\r\n\r\n                $(this).prev().removeClass(\"active\");\r\n\r\n                $(this).prev().parent().removeClass(\"active\");\r\n\r\n            });\r\n\r\n        \r\n\r\n            $(\"#accordion-332210857\").on(\"hide.bs.collapse show.bs.collapse\", (e) => {\r\n\r\n                $(e.target).prev().find(\"i:last-child\").toggleClass(\"fa-plus fa-minus\");\r\n\r\n            });\r\n\r\n        });\r\n\r\n        <\/script>\r\n\r\n        \r\n        <ul id=\"accordion-332210857\" class=\"mb-0 list-unstyled accordion\">\r\n\r\n            \r\n            <li class=\"active\">\r\n\r\n                <h3 class=\"para-title active\">\r\n\r\n                    <span class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-target=\"#collapse1\" aria-expanded=\"false\" aria-controls=\"collapse1\">\r\n\r\n                        <i class=\"fas fa-minus\"><\/i>\r\n                        \r\n\r\n                       What is settlement advanced funding?\r\n                    <\/span>\r\n\r\n                <\/h3>\r\n\r\n                <div id=\"collapse1\" class=\"collapse show\" role=\"button\" aria-labelledby=\"collapse1\" data-parent=\"#accordion-332210857\">\r\n\r\n                    <p>Settlement advanced funding, also known as settlement funding or lawsuit funding, is a financial service that provides plaintiffs with an advance on their expected settlement or jury award. The funding is typically provided by a third-party funding company and is designed to help plaintiffs cover their living expenses, medical bills, and other expenses while they wait for their case to settle.<\/p>\r\n\r\n                <\/div>\r\n\r\n            <\/li>\r\n\r\n            \r\n            <li class=\"\">\r\n\r\n                <h3 class=\"para-title \">\r\n\r\n                    <span class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-target=\"#collapse2\" aria-expanded=\"false\" aria-controls=\"collapse2\">\r\n\r\n                        <i class=\"fas fa-plus\"><\/i>\r\n                        \r\n\r\n                       How much funding can I receive?\r\n                    <\/span>\r\n\r\n                <\/h3>\r\n\r\n                <div id=\"collapse2\" class=\"collapse \" role=\"button\" aria-labelledby=\"collapse2\" data-parent=\"#accordion-332210857\">\r\n\r\n                    <p>The amount of funding you can receive varies depending on the specific facts of your case and the funding company you work with. Typically, funding companies will advance between 10% to 20% of the expected settlement or jury award.<\/p>\r\n\r\n                <\/div>\r\n\r\n            <\/li>\r\n\r\n            \r\n            <li class=\"\">\r\n\r\n                <h3 class=\"para-title \">\r\n\r\n                    <span class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-target=\"#collapse3\" aria-expanded=\"false\" aria-controls=\"collapse3\">\r\n\r\n                        <i class=\"fas fa-plus\"><\/i>\r\n                        \r\n\r\n                       How does repayment work?\r\n                    <\/span>\r\n\r\n                <\/h3>\r\n\r\n                <div id=\"collapse3\" class=\"collapse \" role=\"button\" aria-labelledby=\"collapse3\" data-parent=\"#accordion-332210857\">\r\n\r\n                    <p>Repayment of settlement advanced funding is typically done on a contingency basis. This means that if you lose your case, you won&#039;t be required to repay the funding. If you win your case, the funding company will be repaid from your settlement or jury award. The amount of repayment will typically include the original amount advanced plus fees and interest.<\/p>\r\n\r\n                <\/div>\r\n\r\n            <\/li>\r\n\r\n            \r\n            <li class=\"\">\r\n\r\n                <h3 class=\"para-title \">\r\n\r\n                    <span class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-target=\"#collapse4\" aria-expanded=\"false\" aria-controls=\"collapse4\">\r\n\r\n                        <i class=\"fas fa-plus\"><\/i>\r\n                        \r\n\r\n                       What are the fees associated with settlement advanced funding?\r\n                    <\/span>\r\n\r\n                <\/h3>\r\n\r\n                <div id=\"collapse4\" class=\"collapse \" role=\"button\" aria-labelledby=\"collapse4\" data-parent=\"#accordion-332210857\">\r\n\r\n                    <p>Funding companies typically charge a variety of fees, including application fees, processing fees, and interest charges. The fees can vary widely depending on the funding company and the specific terms of your funding agreement, so it&#039;s important to carefully review and understand the fees before accepting funding.\n\nIs settlement advanced funding a loan?<\/p>\r\n\r\n                <\/div>\r\n\r\n            <\/li>\r\n\r\n            \r\n            <li class=\"\">\r\n\r\n                <h3 class=\"para-title \">\r\n\r\n                    <span class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-target=\"#collapse5\" aria-expanded=\"false\" aria-controls=\"collapse5\">\r\n\r\n                        <i class=\"fas fa-plus\"><\/i>\r\n                        \r\n\r\n                       Is settlement advanced funding a loan?\r\n                    <\/span>\r\n\r\n                <\/h3>\r\n\r\n                <div id=\"collapse5\" class=\"collapse \" role=\"button\" aria-labelledby=\"collapse5\" data-parent=\"#accordion-332210857\">\r\n\r\n                    <p>No, settlement advanced funding is not considered a loan. Instead, it&#039;s considered a non-recourse cash advance. This means that the funding company assumes the risk of the case and is only entitled to repayment if you win your case.<\/p>\r\n\r\n                <\/div>\r\n\r\n            <\/li>\r\n\r\n            \r\n            <li class=\"\">\r\n\r\n                <h3 class=\"para-title \">\r\n\r\n                    <span class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-target=\"#collapse6\" aria-expanded=\"false\" aria-controls=\"collapse6\">\r\n\r\n                        <i class=\"fas fa-plus\"><\/i>\r\n                        \r\n\r\n                       How long does it take to receive settlement advanced funding?\r\n                    <\/span>\r\n\r\n                <\/h3>\r\n\r\n                <div id=\"collapse6\" class=\"collapse \" role=\"button\" aria-labelledby=\"collapse6\" data-parent=\"#accordion-332210857\">\r\n\r\n                    <p>The time it takes to receive settlement advanced funding can vary depending on the funding company and the specifics of your case. Typically, it can take anywhere from a few days to several weeks to receive funding.<\/p>\r\n\r\n                <\/div>\r\n\r\n            <\/li>\r\n\r\n            \r\n            <li class=\"\">\r\n\r\n                <h3 class=\"para-title \">\r\n\r\n                    <span class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-target=\"#collapse7\" aria-expanded=\"false\" aria-controls=\"collapse7\">\r\n\r\n                        <i class=\"fas fa-plus\"><\/i>\r\n                        \r\n\r\n                       What is the difference between simple interest and compound interest?\r\n                    <\/span>\r\n\r\n                <\/h3>\r\n\r\n                <div id=\"collapse7\" class=\"collapse \" role=\"button\" aria-labelledby=\"collapse7\" data-parent=\"#accordion-332210857\">\r\n\r\n                    <p>Simple interest is calculated only on the principal amount of the loan or investment. The interest amount is a fixed percentage of the principal, usually expressed as an annual percentage rate (APR). The interest is calculated based on the principal amount and the time period for which the loan or investment is taken. The formula for calculating simple interest is:\n\nCompound interest, on the other hand, is calculated on both the principal and the accumulated interest from previous periods. The interest is added to the principal at the end of each compounding period (usually monthly or annually), and the new principal amount is used to calculate the interest for the next period. <\/p>\r\n\r\n                <\/div>\r\n\r\n            <\/li>\r\n\r\n            \r\n        <\/ul>\r\n\r\n        \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-12d6f67\" data-id=\"12d6f67\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-91d9396 elementor-widget elementor-widget-image\" data-id=\"91d9396\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 08-12-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"350\" height=\"574\" src=\"https:\/\/settlementadvancedpros.com\/wp-content\/uploads\/2023\/05\/callus.png\" class=\"attachment-full size-full wp-image-5622\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4982b8f elementor-widget elementor-widget-pylon_static_contact_info\" data-id=\"4982b8f\" data-element_type=\"widget\" data-widget_type=\"pylon_static_contact_info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\r\n                <div class=\"contact-one__box\">\r\n                    <i class=\"pylon-icon-telephone\"><\/i>\r\n                    <div class=\"contact-one__box-content\">\r\n                        <h4>Call Anytime<\/h4>\r\n                        <span><p>602-671-3404<\/p><\/span> \r\n                    <\/div>\r\n                <\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-22653ee elementor-widget elementor-widget-pylon_button\" data-id=\"22653ee\" data-element_type=\"widget\" data-widget_type=\"pylon_button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t        <a href=\"https:\/\/settlementadvancedpros.com\/index.php\/apply-now\/\" class=\" thm-btn\" >Apply Now<\/a>\r\n        \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>What is settlement advanced funding? Settlement advanced funding, also known as settlement funding or lawsuit funding, is a financial service that provides plaintiffs [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/settlementadvancedpros.com\/index.php\/wp-json\/wp\/v2\/pages\/5715"}],"collection":[{"href":"https:\/\/settlementadvancedpros.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/settlementadvancedpros.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/settlementadvancedpros.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/settlementadvancedpros.com\/index.php\/wp-json\/wp\/v2\/comments?post=5715"}],"version-history":[{"count":2,"href":"https:\/\/settlementadvancedpros.com\/index.php\/wp-json\/wp\/v2\/pages\/5715\/revisions"}],"predecessor-version":[{"id":5717,"href":"https:\/\/settlementadvancedpros.com\/index.php\/wp-json\/wp\/v2\/pages\/5715\/revisions\/5717"}],"wp:attachment":[{"href":"https:\/\/settlementadvancedpros.com\/index.php\/wp-json\/wp\/v2\/media?parent=5715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}