How to Prepare for a Pre-Settlement Funding Application

Pre-settlement funding applications require no credit check, no bank statements, and no tax returns. What matters is case documentation, active attorney representation, and qualifying claim status.

The pre-settlement funding application process is simpler than most financial products. You do not need a credit check, bank statements, tax returns, proof of employment, or any financial documentation. Eligibility is based entirely on your legal claim — its merits, the expected recovery, and your attorney's willingness to cooperate with the underwriting process.

Basic eligibility requirements: (1) you are at least 18 years old; (2) you have a pending civil lawsuit in a covered state; (3) you have retained an attorney who is actively representing you under a contingency fee arrangement; and (4) your case type is covered by the funder. That is it. No employment history, no bank account minimum, no debt-to-income ratio.

What the funder's underwriting team will review: the accident or incident report; medical records documenting your injury; the attorney's assessment of liability; insurance coverage limits of the defendant (if applicable); and the estimated case timeline. Your attorney's office will coordinate with the funder directly to provide these materials.

To accelerate the process: make sure your attorney knows you are applying and is prepared to respond to the funder's information request promptly. Cases with complete documentation on hand typically move from application to funding in 24 to 48 hours. Cases where documentation is incomplete or attorney cooperation is delayed take longer — sometimes significantly longer.

Source: American Legal Finance Association (ALFA) — Consumer Litigation Funding Code of Conduct. See also: Criterica Capital FAQ page for common application questions.

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