The time it takes to settle a lawsuit can pose a serious financial risk for many plaintiffs, especially those forced out of work due to injuries. In years past, plaintiffs who did not have the financial resources to withstand the legal process would borrow from family or friends or increase credit card debt. Only in the couple of decades has there been another more viable option – lawsuit funding.
Consider what’s at stake for an injured party. Many are facing the loss of their home, medical bills, and car payments, not to mention the ongoing household bills. The personal financial loss can be devastating. Even simple things such as putting food on the table become difficult. A lawsuit cash advance can help a plaintiff stay the course rather than accepting a low settlement offer. Once the financial pressures are relieved, the plaintiff can feel stronger and more secure waiting for a much larger settlement.
Lawsuit funding can be used however the plaintiff sees fit, but is usually to pay medical expenses, auto payment, mortgage, and other pressing bills. Approvals are quick because there are no credit checks or employment verification; funding is based purely on the strength of the case. Additionally, there are no monthly payments. The plaintiff owes absolutely nothing until the case settles favorably. If the case is lost, there is no repayment.
Most plaintiffs would agree that lawsuit funding met their financial needs when they needed it most. As more and more plaintiffs suffer from the weight of financial pressures, as they wait for their lawsuit to settle, attorneys, too, see how this emergency funding can keep their cases alive.
If a personal injury has put you in a hole that seems impossible to climb out of, lawsuit funding could be the emergency financial boost to pull you out of the dark abyss of debt and get you back on track. For more information contact the legal funding experts at Lawsuit Financial.