Black Diamond Pre-Settlement Funding is a financial solution for plaintiffs who are waiting for their case settlement to come through. It is designed to provide them with the financial support they need during the interim period.

The process for obtaining pre-settlement funding is simple and straightforward. First, the plaintiff or the attorney submits a funding application on behalf of the client. Then, Black Diamond Pre-Settlement Funding will conduct a case evaluation to determine the plaintiff’s eligibility for funding. If approved, the funds are deposited into the plaintiff’s bank account.

Our fee percentages are determined by the duration of the case, which we categorize in three-month increments as follows:

25% of the principal funded amount if the case is settled in less than three months.

50% for 3-6 months.

75% for 6-9 months.

100% for 12 months or longer (with interest capped out at the year mark).

Please note that these percentages are industry standard and are reflective of the level of risk associated with each case. It is important to note that our pre-settlement funding services are non-recourse, meaning that if your case is unsuccessful, you are not required to repay the funds. Our goal is to help bridge the gap and provide financial relief during a difficult time.

The time frame for obtaining pre-settlement funding varies depending on the complexity of the case and the amount of funding requested. However, Black Diamond Pre-Settlement Funding is committed to processing applications quickly, usually within 24-48 hours from receiving case documentation, so that plaintiffs can receive the financial support they need as soon as possible.