If you are a plaintiff involved in a personal injury lawsuit and struggling to make ends meet, this guide can help determine if you are eligible for lawsuit funding and how to apply.
A “personal injury” is often a life-changing moment when you are seriously injured as the result of someone else’s negligence or carelessness. While the most obvious example of this is an automobile accident, a personal injury lawsuit can result from many different types of occurrences and injuries. However the accident occurred, whoever is at fault, whatever the injuries, if you experience severe injuries and disabilities, it can lead to a mountain of medical bills, time off work, financial and emotional stress, and an inability to pay even everyday living expenses. To make the situation worse is a long legal process, one that could take years. How do you make ends meet? How does you survive, financially, to do battle with a well-financed insurance company with all the time and money in the world?
You may not realize there is a financial support option available to you known as lawsuit funding. Lawsuit funding is a non-recourse cash advance to help plaintiffs pay their bills, compensate for lost wages, and assist in daily expenses while on a long, and sometimes, bumpy road to resolution. While these transactions are often called “lawsuit loans,” they are not. The primary difference is that we fund cases, not people. There are no credit checks, employment verifications, or monthly payments. Repayment is made from the proceeds of the case, and a client’s obligation to repay the cash advance will be completely excused if the case fails. This is not true with a traditional bank loan.