When a person is a victim of an auto accident, they have the legal right to file a personal injury lawsuit against the other party. Although the majority of these claims will eventually resolve by settlement or verdict, many litigants will wait months, even years, causing financial hardships especially for those out of work and behind paying bills. For any plaintiff waiting a long time for a settlement, pre-settlement lawsuit funding may be the answer.
Pre-settlement lawsuit funding is an advance on your future settlement proceeds. This is not a loan or a line of credit; there are no application fees, monthly payments, employment verifications, or credit checks. And, it is risk free. Meaning if you lose your case, you pay nothing back.
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To illustrate, let’s assume you have been injured in an auto accident and are unable to work. Even though the accident was not your fault and the person who caused the accident is well insured, you are struggling to get the insurance company to pay. You filed a lawsuit, but it is taking a long time to wind its way through the courts. In the meantime, bills are piling up, the mortgage is due, and you need to buy a new car because yours was damaged beyond repair. The insurance company may be dragging its feet or offering less than what you believe your case is worth. The longer you wait, the less money you will likely accept because the financial strain will become too much of a burden. Rather than accepting an offer less than case value, you can take advantage of lawsuit funding. A legal funding company not only provides the necessary money to pay bills, but takes the financial pressure off so you can stay on track with your case.
The application process is quick and easy. Once you apply, the legal funding company will talk to your attorney and evaluate your case. If approved, the money will be wired into your account in 24 – 48 hours at which time you can use the money as you wish.
