Anyone seriously injured in an auto accident due to the negligence of someone else may be eligible for auto accident lawsuit funding during the litigation process.
What can you recover and how long will it take?
If you have been injured in an auto accident, you may be entitled to recover damages from the negligent driver’s insurance company. Some of the most common damages recoverable include:
Loss of Wages: If the accident has left you unable to work, you are entitled to recover lost wages.
Loss of Earning Capacity: If the auto accident results in permanent loss of earnings or a decrease in earnings due to injuries sustained and the inability to maintain the job you had prior to the accident, you can recover future lost wages.
Medical Expenses: You are entitled to recover past, present, and future medical expenses associated with the auto accident; which can include doctor visits, surgery, medications, emergency room expenses, physical therapy and rehabilitation, etc.
Pain and Suffering: Pain and suffering from an auto accident isn’t just about physical pain; often times injured victims suffer mental anguish as well.
How can you sustain yourself financially during the long litigation process?
Every plaintiff enters a lawsuit expecting a fair settlement in a timely manner. However, this is not an easy task, as fighting a lawsuit can be a long, complicated battle. At times, it can feel easier to settle early for less than fair compensation.
Unless there are substantial savings to fall back on, plaintiffs often need financial assistance to survive until their case is resolved. Financial help can come from a traditional bank loan, family and friends, or lawsuit funding.
Traditional bank loans come with monthly payments and must be paid back no matter the results from the lawsuit. Most often, banks will not lend money to anyone that cannot provide proof of employment because the bank wants to make sure it is repaid. Even if the plaintiff expects to receive a large settlement from the pending suit, it is not an asset that a traditional lender recognizes. Using credit cards can put the plaintiff further in debt especially if the case is lost; again repayment must be made. Borrowing from family and friends may carry no interest or very low interest, and a relative will often be willing to wait for repayment while the plaintiff’s lawsuit works its way through the legal system. However, it can put a strain on family relationships and friendships. Additionally, family and friends usually can only afford to lend a limited amount of cash without putting a strain on their own finances.
Resist the temptation for a quick settlement. If you are struggling financially during the litigation process, facing foreclosure, can’t pay the medical bills, and can’t put food on the table; auto accident lawsuit funding may be available to bridge the gap until you achieve a resolution of your case.
What is auto accident funding and how does it work?
Auto accident lawsuit funding is a cash advance against your pending settlement. It is designed to help plaintiffs cover basic expenses incurred while waiting for case resolution.
After filing a personal injury lawsuit, contact a legal funding company to determine if you may be eligible for lawsuit funding. The application process is free and does not require credit checks or employment verification. If approved, funds can be available within 24 – 48 hours. Best of all, lawsuit funding is provided on a non-recourse basis; you don’t repay the cash advance until you successfully settle your case. If you lose, the repayment is waived in its entirety, including the cash advance. Call for a no-obligation consultation or apply online.