Monday, March 25, 2013

Pre-Settlement Funding

Peachtree provides cash to personal injury victims. Don't let financial issues force you to settle quickly. We can help by providing cash now to cover your emergencies or general living expenses. This will allow your attorney to get you the settlement that you deserve.

How It Works

How It Works
Personal injury victims and their attorneys have a problem that cannot be served by traditional financing sources. Typically, personal injury victims are out of work for a time after an accident.  Peachtree can help by providing money to cover emergencies or general living expenses.
  • Attorneys
  • The application information is evaluated, and if approved, an Assignment Agreement is forwarded to the attorney for execution by Peachtree and the eligible claimant.
    Upon receipt of the executed Assignment Agreement and final approval by Peachtree, funds can be tendered often times the same day or within 24 hours depending on time of receipt.
    Peachtree purchases a portion of the potential proceeds of the action and takes an equitable lien upon the expected proceeds. If the action is unsuccessful, your client owes us nothing.

    Claimants - How It Works

    What is the Process?

    1. We contact your attorney’s office.
    2. We review the facts of your case.
    3. If approved we will fax an agreement to your attorney’s office.
    4. When you send us the signed agreement, we will overnight the money to your attorney’s office.

    How long is the process?

    Usually 2-3 days.

    What does it cost ?

    We charge a 5% document fee based on the approved advance amount with a minimum fee of $300 and a maximum fee of $1500. We then charge a flat fee of 9% (no compounding) for the first 3 months, or portion thereof, and 14.5% for each 6 months, or portion of six months, thereafter.
    Believe it or not, other companies charge 80%-150% per year or more.

    How much will we advance?

    Our minimum is $1,000 and the maximum is 20% of what you will recover from your lawsuit.

    Which States are Eligible?

    • California
    • Connecticut
    • Florida
    • Georgia
    • Louisiana
    • Massachusetts
    • Michigan
    • Nevada
    • New Jersey
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • South Carolina
    • Texas
    • Virginia

     

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