Finally reaching an agreement to end a legal dispute is a momentous occasion.
A settlement is usually a vindication of your decision to take legal action and a sign that the long road to compensation is nearing its end.
As you eagerly await your funds, it’s natural to wonder when you’ll get your money and whether you can track your settlement check.
Although there’s no settlement check tracker online, there are some ways to track your check’s progress.
Understanding how long it can take to get to settlement and how long it can take to get from settling to receiving funds is one of the best ways to predict how long it will take to get your compensation.
How Long Does It Take to Get a Settlement Check?
How long it takes to get a settlement check depends on several factors, especially what stage you’re at in your legal dispute.
If you have yet to settle, how soon you can expect to get your money depends on the type of legal claim you’re pursuing as well as:
- How complicated your case is,
- How motivated the defendant is, and
- How strong your evidence and legal arguments are.
A case can take anywhere from a few weeks to a few months to a year or longer if the case is particularly complex.
If you’ve already agreed to a settlement, how long it will take to receive your funds depends on:
- Whether you filed an official claim with the court,
- State law or court orders setting a deadline,
- How quickly the defendant acts, and
- How many creditors, if any, need to receive a portion of the funds.
Your check will typically be sent to your lawyer, who will satisfy debts to be taken out of the amount before they send what remains to you.
Normally, Defendants may have up to two months to pay. However, you may get the money sooner if your state sets an earlier deadline, you have a court order requiring earlier payment, or the defendant agrees to an earlier payment in the settlement terms.
Can I Get My Settlement Check Early?
If you need money earlier, you can request a money advance with the help of a company like Injury Wallet. Injury Wallet helps connect people with lenders that offer lawsuit loans.
These loans are non-recourse, meaning that if you don’t end up getting compensation, you don’t have to repay the lender.
When you get a lawsuit loan, you generally receive only a portion of the amount experts estimate your claim is worth.
Depending on the circumstances of your case, you may be able to get funds within a few days. Injury Wallet not only connects you to the best lenders throughout the country, we help you find the lowest interest rate to save you money.
How Can I Track My Settlement Check?
The most effective way to track your settlement check is generally to stay in close contact with your lawyer, who will communicate with the defendant throughout the process.
If you can access a written court order or agreement, you can also consult that document to find the payment deadline. You can usually assume you’ll receive your money within a couple of weeks of that deadline.
How Can Injury Wallet Help?
If you have an active legal claim and need money sooner rather than later, contact Injury Wallet.
With only a few minutes of your time to fill out a brief questionnaire, we can find you the best interest rate with a trustworthy loan company.
Let us help you get the funds you need to keep your head above water while your lawyer fights for the highest compensation possible.
