If you or a love one has been injured in a car accident and are experiencing financial hardship, there may be a way out. Lawsuit funding for plaintiffs can be a way to get compensation prior to your case settling in court. When someone is injured in a car accident it can ultimately affect the lives of both the injured party and their families.
When looking for a lender that provides lawsuit loans consider the following:
- There are companies that offer non-recourse funding which means you don’t have to pay back the loan if your attorney isn’t successful in getting compensation.
- The approval process is gaged by the strength of your case.
- You should select a company that is familiar with your type of accident. There are certain funding companies that charge higher rates for certain accidents while others that don’t. Again make sure that the funding company you work with has familiarity in handling cases that involve car accidents.
- Credit an employment is a non issue
- An approval generally takes up to 24 to 48 hours
- When you receive a lawsuit cash advance you don’t have to pay back the lender until your case has settled. This is much different than a typical loan.
- There are many companies that provide different rates and payouts. Always look for the company that provides the best solution that meets your financial needs.
If you have been injured in a car accident due to the negligence of another you have two viable options: You can settle your claim with the insurance company forgoing a legal battle, or hire an attorney on your behalf to try to get full compensation for your injuries. For some people going into litigation could mean months and possibly years without getting paid.
This could put a financial strain on the innocent party and much can be lost. Depending upon the damages and injuries that occur this could mean loss of wages, ongoing medical expenses, cost for repairs, out of pocket expenses.
A lawsuit loan or pre-settlement loan could be a viable option to pay off these sorts of expenses. Lawsuit cash advance could also be a way to pay off expenses related to college tuition, rent, mortgage payments, gas and electric and other everyday necessities.
A personal injury lawsuit is what an attorney will file for a motor vehicle accident. Once the attorney files for the lawsuit you can be immediately eligible to receive a legal cash advance for all injuries and damages incurred as a result of the accident. As a plaintiff you may have the option of settling quickly and taking the first offer, however, as your attorney may advice you the first offer may not take care of all your expenses related to the accident. This can increase the amount of time before you get compensation from the insurance company. If you were in a financial crunch perhaps you would take their first offer to keep you from going deeper in-debt.
There are many people that are unaware that lawsuit funding exists before a lawsuit settles. Many people believe that funding companies only work with clients that have structured settlements.
There are many reason to consider lawsuit funding but without fully understanding how it works or what to look for in a legal funding lender it can be stressful. LawLeaf is here to help. LawLeaf is an online funding service that works with the plaintiff. At no cost or obligation we evaluate your case and allow our lenders to compete for your business. This will allow you to shop payouts, payment schedules and rates. We do the leg work and you make the final decision. At LawLeaf, we believe a personal injury case is very similar to lawsuit funding. It may not be wise to take the first offer that comes your way.
*Lawsuit funding can be used in a variety of terms mentioned throughout this article. These terms include: Lawsuit cash advance, legal cash advance, pre-settlement funding, lawsuit loan, personal injury loans, personal injury lawsuit funding, legal financing, litigation funding, legal funding, pre-settlement cash advance and personal injury cash advance.