No matter how careful, sometimes people find themselves in the unfortunate event of an auto accident. The accident can range anywhere from a fender bender to a fatality. When the accident is due to someone’s negligence, the injured victim(s), or family members of those killed, should consult an experienced attorney to determine their rights. The purpose of the lawsuit is to seek justice and compensate the victims for medical expenses, funeral expenses, lost wages, and pain and suffering. Unfortunately, the more complicated the lawsuit, the longer it usually takes to reach a fair settlement. For many people the increasing medical bills coupled with the inability to work is debilitating, both physically and financially. When financial resources are stretched to the limit, desperate plaintiffs will often settle for less than fair compensation. For some, litigation funding could make sense.
By obtaining litigation funding, plaintiffs can alleviate the financial stress without compromising the compensation rightfully deserved. When plaintiffs aren’t stressing about their finances, it’s easier to focus on recovering from the injuries while their attorney focuses on obtaining a fair settlement.
Funding provided in this manner is not a “loan,” but rather is a non-recourse cash advance against a pending lawsuit. Poor credit? No worries! No job? No worries! No money to make monthly payments? No worries! The only condition to receive funding is a case with merit. After the funding company receives an application and case documentation from the applicant’s attorney, the underwriters review the strength of the case. If the application is approved, funding can usually be provided within 24 – 48 hours; the cash advance can be deposited directly into your bank account or sent via overnight mail. Best of all, repayment is conditioned on winning the case. If funding is provided and the case is lost, the cash advance does not have to be repaid.
If you are currently involved in an auto accident lawsuit and struggling to pay your bills or put food on the table, certainly litigation funding is a viable option. To find out if you’re eligible for a lawsuit cash advance, complete a no-cost, no-obligation application or call one of our experienced customer service representatives.