3 Calculation based on 5 PIN Purchase Transactions and 5 Signature Purchase Transactions. 4 To be eligible for this optional fee plan, have 500 deposited to the ACE Elite Prepaid Card during one calendar month. See Cardholder Agreement for details.
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Here's how it works. After you file a personal injury lawsuit, you apply for the loan with a lawsuit funding company. The company evaluates your case to determine how much you can expect to get if you win or negotiate a settlement (the vast majority of personal injury cases are settled before trial). The lender offers you a sum of money immediately. In exchange, you agree to pay the lender that sum of money (the principal) and a funding fee out of the proceeds of your settlement or judgment.
Usually you don't have to make any payments before you settle the case or get a judgment.