Pre-Settlement Funding to Avoid Financial Ruin in Your Auto Accident Case

People are injured every day in auto accidents. Most injured victims will not follow through with a claim because they do not have the finances to proceed with a case. Others will file a lawsuit but eventually settle for less than full case value due to financial constraints. Few are aware that pre-settlement funding can secure a victim’s financial situation so they can proceed with filing a suit and fighting for justice.

Serious injuries often lead to outrageous medical bills. When the injuries affect the victim’s ability to work, the out-of-pocket expenses alone can create a mountain of debt. Forced into a corner, plaintiffs may settle too soon, deplete savings, place expenses on credit cards or mortgage their home just to make ends meet. Soon, they find themselves in further debt. Pre-settlement funding can give plaintiffs an avenue for relief.

The benefit of pre-settlement funding is that, unlike a bank loan, there are no monthly payments or out-of-pocket expenses. Another benefit is that bad credit and unemployment will not affect the approval process. Funding can be approved in as little as 24 to 48 hours, because the only qualifications are that an attorney represents the plaintiff and the case has merit.

When plaintiffs have exhausted all financial resources, pre-settlement funding can provide financial assistance while they wait for a fair settlement. Not only does obtaining litigation finance help you pay bills now, it also leaves you in a stronger bargaining position during settlement negotiations. The most important benefit of pre-settlement funding is that the cash advance does not have to be paid back until the case settles. If the plaintiff loses, repayment is waived. This means the plaintiff has nothing to lose.

If you are a plaintiff in a pending lawsuit, unable to work and have limited financial resources, pre-settlement funding may provide the time and financial comfort needed to see your way to a fair settlement.


Disclaimer: This article is a paid advertisement prepared by Lawsuit Financial Corp. and does not constitute legal or financial advice from Online Legal Media or LawyersandSettlements.com.