More and More Pre-Settlement Funding Advances Are Being Distributed Through Pre-Paid Debit Cards
October 07, 2011 @ 09:31 AM — by Harvey Hirschfeld
Previously, lawsuit plaintiffs who received pre-settlement funding advances were often forced to pay high check-cashing fees when cashing their advances. They also had to wait for the check to arrive and take the time to get the check cashed. Now they have better, cheaper, and more effective options in the form of pre-paid debit cards. As a result, pre-paid debit cards are becoming the payment form of choice for pre-settlement funding. There are many advantages to lawsuit plaintiffs receiving advances to distribution through pre-paid debit cards instead of checks or cash.