Auto accidents are an unfortunate reality for many, often times the result of a negligent or careless driver. When someone has been the victim of an auto accident at no fault of their own, the at-fault party can and should be held responsible for the damages they’ve caused. The problem lies in waiting for compensation.
Picture this: You were seriously injured in an auto accident? You need surgery, but you can’t afford it, at least not until you receive compensation. You have filed a lawsuit, but your attorney says it could be months to achieve a settlement. What would you do? Where would you turn? Before you consider settling for less than full case value, consider the one vehicle that can give you the cash you need now without the risk. That vehicle is lawsuit funding!
Lawsuit funding is a financial transaction that assists plaintiffs dealing with the financial struggles that come with a lengthy litigation process. The plaintiff sells a portion of the future proceeds of his/her lawsuit in exchange for immediate cash. When the case settles or is otherwise successfully resolved, the cash advance is repaid. Often times termed “lawsuit loans,” lawsuit funding is not a loan in the traditional sense. Creditworthiness is not a factor in the approval process, nor is employment history. Unlike most other forms of financing, such as a bank loan or credit card cash advance, lawsuit funding also does not require monthly payments. Instead, repayment is made once the case settles and the funds disbursed. Additionally, lawsuit funding is provided on a non-recourse basis, meaning that if the case is lost, the lawsuit funding is not repaid. While the cash advance is typically for medical bills, mortgage/rent, utilities, or any other costs, the plaintiff has the right to use the funds anyway s/he wishes. If the funded plaintiff fails to win the lawsuit, the cash advance does not need to be paid back.
Lawsuit funding is not for everyone, but if you find yourself the victim of an auto accident and think a lawsuit cash advance may be your best option to stay financially afloat, contact Lawsuit Financial or complete our online application. We will do our best to get you the money you need within 24 – 48 hours.