Home equity lines look cheap on the surface but put your house at risk. Pre-settlement funding doesn't touch your home.
Home equity lines of credit (HELOCs) typically charge lower interest rates than other consumer credit, but they're secured by your home. Missed payments can ultimately lead to foreclosure.
If you're already financially strained because of an injury, taking on a HELOC payment is a real risk. Lose your income for a few months and the home is on the line.
Pre-settlement funding is non-recourse — secured only by your case, not your home. No monthly payments, no foreclosure risk, no impact on your credit.
For some claimants with significant equity and confidence in their case timeline, a HELOC is the lower-cost option. For most, the safety of non-recourse funding outweighs the rate difference.
Talk to AARC about your specific situation — we'll help you think through which tool fits your circumstances best.
Call (800) 297-3834 or apply online for a no-pressure conversation.