If you were involved in an auto accident, you should always take all the necessary steps assuring the safety of those involved, regardless of the party at fault. You should also understand the ramifications that may follow.
Taking an auto accident injury claim to court is a lengthy process. Once you have hired an attorney and your personal injury lawsuit has been filed, it could be as little as six months, but more likely a year – or even years – until the date of the trial. It is not uncommon for the defendant’s attorney to try to wear you down in hopes of settling too soon for too little. Even if you hang in there and are successful in proving the other driver’s negligence caused the accident, with various post-trial motions and a possible appeal, it could still be some time before you actually receive a settlement. In the meantime, you will probably run up significant expenses, including medical bills and the cost of repairing or replacing your car. Obviously, the longer your litigation is pending, the more financially strapped you may become. If you are currently in the process of an injury claim or lawsuit but need financial staying power to pursue the case to trial, Lawsuit Financial can help with a financial support option known as lawsuit funding.
Lawsuit funding is a cash advance to help take care of life’s necessities (mortgage, rent, food, utilities, gas, car payments, medical expenses, transportation, etc.) during a long, and sometimes, bumpy road to resolution. To be eligible for funding, you do not need good credit. In fact, you can have bad credit, or no credit at all, and still be approved. This is because we approve funding based on the merits of the case. Additionally, there is no need for employment verification, and we do not require upfront fees or monthly payments.
Lawsuit funding is non-recourse. This means that you will only be responsible for paying back the advance if you win your case. Your obligation to repay the cash advance will be completely excused if the case fails. Because we take all the risk of a lawsuit not settling in your favor, having a case with merit is crucial for qualification. A case with merit involves a plaintiff with a serious injury, a strong case against the defendant, and an attorney working on a contingency basis.
Once these qualifications are met, the application process is quick and easy; it takes less than five minutes online or over the phone. After applying, our underwriters will review your application and applicable case documentation. If your case is approved and you accept the lawsuit cash advance offer, we will send you a contract for you and your attorney to sign. Then, we will wire the funds directly into your bank account or send a check via overnight mail, usually within 24 hours. Remember, repayment is not made until the case settles, at which time it comes directly out of the proceeds of your case.
If you need further information or want to see if your case qualifies for lawsuit funding, give us a call at (877) 377-7848 or complete our online contact form.