After an auto accident or another personal injury that has occurred due to the negligence of someone else, you may decide to seek legal compensation for damages and losses. The first step is to consult an experienced personal injury attorney. But, your case may take months, even years, to settle.
Defendants are financed by large insurance companies; their lawyers know the litigation game. They know you are probably strapped for cash, so they delay the case, exhausting your limited resources. The more desperate you become, the happier the defendant. Then, they make a lowball offer. Your attorney advises against it saying the offer is too little, too soon. You want to wait, but the financial pressure is building. You have medical expenses, mortgage/rent obligations, car payments, and monthly household expenses. You don’t qualify for a bank loan, and friends and family can’t help. You see no other options except to tell your attorney to accept the inadequate offer.
That was yesterday’s marketplace. Today, there is litigation funding.