Can I Take a 2nd Advance? What Is a Buyout?

What Is Pre-Settlement Funding?

Pre-settlement funding is a cash advance against your pending car accident claim or lawsuit. It is a non-recourse advance — meaning if your case is unsuccessful for any reason, you owe nothing back. This is different from a traditional loan.

Can I Take a Second Advance?

Yes, in most cases. Whether you qualify for a second advance depends on the math:

• If your existing advance balance does not exceed 10–20% of your estimated case value, you may qualify for additional funding
• Since personal injury cases commonly take 1–3 years to resolve, repeat advances are a common and expected part of the process
• Contact Bridgeway for a case review to determine your eligibility

What If My Current Company Says No? What Is a Buyout?

If your existing funding company declines a second advance, you have options. A buyout occurs when a new company (such as Bridgeway) pays off the balance owed to your original funder and then provides you with additional money.

Most funding agreements include a clause allowing buyouts. This protects all parties and prevents cases from becoming over-funded.

How Does the Buyout Process Work With Bridgeway?

1. We review your case (liability, damages, insurance) just like a first-time advance
2. We contact your original funding company to obtain the current payoff amount
3. We determine how much additional funding your case can support
4. We pay off your original company and provide you with the remaining amount

How Long Does It Take?

If we have all the information we need to review your request, we will complete the process within 24–48 hours.

Contact Bridgeway today:

• Phone: (800) 531-4066
• Local: (516) 787-8000
• Email: [email protected]
• Address: 1295 Northern Boulevard Suite 22, Manhasset, NY 11030