During a personal injury lawsuit, a plaintiff may not only be dealing with physical and emotional challenges, but also the stresses that come with paying a mortgage, car payment, medical expenses and other living expense. As a lawsuit drags on, deep pocket defendants know it’s just a matter of time before the medical bills and day-to-day expenses become overwhelming, especially for those out of work. They know many plaintiffs will take what they can when it’s offered simply to make ends meet. Although the money may sound great, is it really going to cover all your medical expenses, loss of income, and future possible medical needs? Probably not which is why a personal injury attorney will often recommend lawsuit funding.
Before accepting a low settlement offer, plaintiffs should fully understand the financial consequences – and lawsuit funding. Lawsuit funding not only helps plaintiffs stay financially afloat, but allows them to extend their lawsuits so a higher settlement might be awarded. When a legal funding company steps in and provides emergency cash, it is not a loan but rather a non-recourse cash advance against a pending claim. This means that funding is repaid once the lawsuit reaches a positive settlement. In the event the plaintiff loses the case, the lawsuit cash advance is forgiven. Additionally, there are no monthly payments, credit checks, employment history, or collateral required for approval. Funding is based solely on the strength of the case. Once approved, the money is typically available within 24 – 48 hours.
If you’ve been injured due to someone else’s negligence, you deserve to be compensated. Once you’ve hired an attorney and filed your case, it’s time to consider your finances and how to handle paying bills until a final settlement is reached. Don’t let mounting bills become an added burden; a lawsuit cash advance could be the positive solution you need. To learn if you are eligible for lawsuit funding, call Lawsuit Financial toll-free, at 877-377-7848 or complete the online application to get started.