An auto accident is one of the scariest things that can happen to anyone. Countless people become victims due to the negligence of another driver. The reason may be driving under the influence, texting while driving, chatting with passengers, fatigue or a host of other distractions. Whatever the case, victims should avoid accepting a settlement before speaking to an experienced attorney. Insurance companies and responsible parties only seek to protect their own bottom line. Their sole job is to get the victim to accept the smallest possible settlement. In most cases, the settlement won’t be enough to cover all current and future needs.
An attorney will discuss the facts, protect your rights and get you the maximum compensation for damages and losses. Unfortunately, the more complicated the personal injury lawsuit, the longer it usually takes to reach a fair settlement. What do you do in the meantime? How will the medical bills get paid? Where will you get the money to replace your car? For many, income and savings can’t keep up with the bills especially for those unable to work. Faced with significant financial hardship, some plaintiffs will seek help from family or friends, while others will be forced to settle for less than deserved just to avoid financial ruin. A more viable solution may be lawsuit funding.
Unless you have been in this situation, you may not be familiar with such terms as lawsuit funding, litigation funding, pre-settlement funding, lawsuit loan and legal financing. So what is it and how does it work?
Lawsuit funding is a non-recourse cash advance against a pending lawsuit to help plaintiffs avoid foreclosure, car repossession, and mounting late fees on credit cards. By obtaining lawsuit funding, plaintiffs can alleviate the financial stress without compromising the compensation rightfully deserved. Simply put, lawsuit funding helps relieve the financial pressures and reduce the need to accept a settlement too early for too little. When plaintiffs aren’t stressing about their finances, it’s easier to focus on recovering from the injuries while their attorney focuses on obtaining a fair settlement.
Although it may appear to be like a bank loan, lawsuit funding is actually a non-recourse cash advance against your expected settlement. Poor credit? No worries! No job? No worries! No money to make monthly payments? No worries! The only condition to receive funding is attorney representation and a case with merit. After receiving an application and basic documentation, our underwriters review the case. If the application is approved, funding can usually be provided within 24 – 48 hours via direct deposit or overnight mail. Best of all, repayment is conditioned on winning the case. Nothing is paid until you win your case at which time repayment is made from the settlement. If for any reason you fail to win your lawsuit, you would owe nothing; the cash advance does not have to be repaid.
If you are currently involved in an auto accident lawsuit and struggling to pay your bills or put food on the table, lawsuit funding may be a viable option. The first step is to complete a no-cost, no-obligation application or call Lawsuit Financial to speak with an experienced funding representative. We would be happy to provide a free, no-obligation consultation. We look forward to providing the best legal funding advice to help you make a smart decision about your case.