When pursuing a legal claim, the financial burden can be overwhelming. Between medical bills, lost wages, and other unexpected expenses, the costs can quickly accumulate, leaving plaintiffs in a difficult position. Lawsuit funding, also known as pre-settlement funding, provides a viable solution by offering financial support while awaiting the resolution of a case. However, determining the appropriate amount of funding requires careful consideration and an understanding of several key factors.

Assessing Your Financial Needs

The first step in calculating your lawsuit funding needs is to assess your current financial situation. This involves a thorough examination of your monthly expenses, including rent or mortgage payments, utility bills, groceries, and other essential costs. Additionally, you should account for any outstanding debts or obligations that may need to be addressed during the course of your legal proceedings. By having a clear understanding of your financial landscape, you can better gauge the amount of funding necessary to maintain your standard of living.

Medical Expenses and Treatment Costs

Medical expenses often constitute a significant portion of the financial burden in personal injury cases. It is essential to include all medical bills, both current and anticipated, when calculating your funding needs. This includes costs associated with hospital stays, surgeries, medications, rehabilitation, and ongoing treatments. Consult with your healthcare providers to obtain a comprehensive estimate of your future medical expenses, as these costs can fluctuate depending on the severity of your injuries and the duration of your recovery.

Lost Wages and Income Replacement

Another critical factor to consider is the loss of income resulting from your injury. If your injury has rendered you unable to work, you must account for the wages you would have earned during this period. Calculate the total amount of lost wages by determining your average monthly income and multiplying it by the number of months you expect to be out of work. Additionally, if your injury has permanently impacted your earning capacity, you should factor in the long-term financial implications of reduced income.

Legal Fees and Court Costs

Pursuing a lawsuit involves various legal fees and court costs that must be taken into account when calculating your funding needs. These expenses can include attorney fees, filing fees, deposition costs, and fees for witnesses. It is important to discuss these costs with your attorney to obtain an accurate estimate. Keep in mind that legal expenses can vary depending on the complexity of your case and the length of the legal process.

- WHAT CLIENTS ARE SAYING -

In June, my wife and I asked our attorney about giving us a loan against any settlement proceeds from our case. He told us that the state bar does not

permit lawyers to participate in the financing of clients. The offer of settlement was very low so the case needed to be filed in court. I called Fast Funds. Within 24 hours, I had entered into an agreement with them, selling a very small portion of the anticipated proceeds to them in exchange for immediate financing. Now my suit is in court and I don't have to worry about money until it's outcome. Thank god for Fast Funds

B.G.

As a result of the advances you have made to our client, we were able to refuse an extremely low settlement offer and take the case to court. We settled the day of the trial for a very generous sum. Had there been no advances by Fast Funds, our client would have had no choice but to accept the inadequate offer since he was in severe debt due to his inability to work. Thank you for your helpful assistance in providing our client with the ability to persevere.

C.F.

I was involved in an accident which took my left leg. I was forced to live homeless for eleven months. Thanks to the Fast Funds people advancing money. I now live in an apartment,I am walking on a prosthetic and otherwise getting my life back together, even though my attorney has not yet settled my lawsuit. I don't know what I would have done for money because the insurance company has offered nothing so far.

A.R.S.

I was involved in an auto accident which caused me to suffer a herniated disc. Because of this injury, I was forced to miss many months of work. I had no income and no place or person to turn to for money. My attorney told me he was unable to help with any financing and the insurance company was refusing to settle the case. I turned to a company called Fast funds. They immediately reviewed my file and took the financial pressure off by providing me with interim financing. I am now able to wait for as long as it takes for my lawyer to achieve a successful result in my case. Without the financial involvement of Fast Funds, I don't know what I would have done.

K.P.

I wanted to thank you for your sensitivity in helping me cope through a very difficult time in my life. Without your help, I would have been unable to pay my rent , forcing my wife and children to be put on the street. I have not been able to return to work and I was tempted to accept the insurance company's very low offer to settle, even though I knew it was not fair or reasonable. You have given me the ability to withstand the financial pressures. Thanks for your help. I will never forget it

C.S.

I have in the past referred clients to Fast Funds Inc., a non-recourse company. The experience of my clients

and my firm were totally positive. Fast Funds was responsive to the clients financial and emotional needs, provided the necessary emergency money and did not interfere in any manner with my handling of the cases. The clients, without my input, negotiated the advance directly with the company. In each case, they were completely satisfied with the final result of the case, including the amount of profit earned by Fast Funds. Non-recourse funding is clearly a valuable tool to the plaintiff's attorney.

M.J.L.

"I am writing to recommend the valuable assistance of the Fast Funds Inc., a company that provided interim funding to financially needy clients. They help to insure that a case will be brought to a successful resolution. A good case in point is when I was offered $75,000.00 for a seriously injured client. Had she not been able to take advantage of the advance financing offered by Fast Funds, I would have been forced to take the money. As it turned out, because my client now had the financial ability to withstand the pressures of time, I tried the case to a jury and received a verdict of $315,000.00.

M.S.D.

It is my belief that non-recourse companies, such as Fast Funds, the company to whom I refer my needy clients, perform an invaluable service to both the client and the attorney. Simply put, it is common knowledge that one of the tools negotiation utilized by insurance companies is time. Offering

considerably less money than the actual case value to a client in desperate need of funds while the case is pending, gives the insurance companies a tremendous advantage. This advantage is minimized and the playing field is leveled when the client has the ability to obtain funds for a minimal portion of the anticipated proceeds. Many times, with no prospects of income, an injured party will settle the case for whatever offer is made.

R.J.F.

Daily Living Expenses

In addition to medical expenses and lost wages, it is crucial to consider your daily living expenses when determining your lawsuit funding needs. These expenses encompass a wide range of costs, such as food, transportation, childcare, and other necessary expenditures. By accounting for your daily living expenses, you can ensure that you have sufficient funds to cover your basic needs throughout the duration of your case.

Evaluating the Value of Your Case

Understanding the potential value of your case is essential when calculating your funding needs. The value of your case is determined by various factors, including the extent of your injuries, the impact on your quality of life, and the liability of the defendant. Consult with your attorney to gain insight into the potential value of your case and the likelihood of a favorable outcome. This information will help you determine the amount of funding necessary to support you until your case is resolved.

Considering Interest Rates and Fees

When seeking lawsuit funding, it is important to be aware of the interest rates and fees associated with this type of financial assistance. Lawsuit funding companies typically charge interest on the amount borrowed, which can accumulate over time. Additionally, there may be fees for processing and administering the funding. Carefully review the terms and conditions of the funding agreement to understand the total cost of the funding and how it will impact your financial situation.

Planning for Unexpected Expenses

Legal proceedings can be unpredictable, and unexpected expenses may arise during the course of your case. It is important to plan for these contingencies by setting aside additional funds to cover unforeseen costs. This can include expenses related to additional medical treatments, changes in your living situation, or any other unexpected financial obligations. By planning for the unexpected, you can avoid financial strain and ensure that you have the necessary resources to navigate any challenges that may arise.

The Role of Settlement Timing

The timing of your settlement can significantly impact your funding needs. If your case is expected to be resolved quickly, you may require less funding compared to a case that is likely to drag on for an extended period. Discuss the expected timeline of your case with your attorney to gain a better understanding of how long you will need financial support. This will help you determine the appropriate amount of funding to request based on the duration of your legal proceedings.

Seeking Professional Guidance

Calculating your lawsuit funding needs can be a complex process, and it is advisable to seek guidance from professionals who are experienced in this area. Your attorney can provide valuable insights into the financial aspects of your case and help you determine the appropriate amount of funding. Additionally, reputable lawsuit funding companies can offer assistance in assessing your needs and providing funding options tailored to your specific situation.

Maintaining Financial Prudence

While lawsuit funding can provide much-needed financial relief, it is important to use the funds prudently. Avoid unnecessary expenditures and focus on essential costs that directly impact your well-being and legal case. By exercising financial prudence, you can maximize the benefits of the funding and ensure that it lasts throughout the duration of your legal proceedings.

Long-Term Financial Planning

In addition to addressing your immediate financial needs, it is important to consider the long-term implications of your lawsuit funding. This includes planning for any potential settlements or judgments and how they will affect your financial situation. Work with your attorney and financial advisor to develop a comprehensive financial plan that takes into account the resolution of your case and your future financial goals. This long-term planning can help you make informed decisions about the amount of funding you need and how to manage it effectively.

Understanding the Application Process

The process of obtaining lawsuit funding involves several steps, beginning with the application. You will need to provide detailed information about your case, including medical records, legal documents, and an assessment of your financial needs. The funding company will review this information and evaluate the merits of your case before making a funding decision. It is important to provide accurate and thorough documentation to facilitate a smooth application process.

Communicating with Your Attorney

Open communication with your attorney is crucial when seeking lawsuit funding. Your attorney can help you gather the necessary documentation and provide insights into the financial aspects of your case. Additionally, your attorney can assist in negotiating the terms of the funding agreement to ensure that it aligns with your best interests. Maintaining clear and consistent communication with your attorney throughout the process will help you navigate the complexities of lawsuit funding.

Exploring Alternative Funding Options

While lawsuit funding can be a valuable resource, it is also worth exploring alternative funding options. This can include personal loans, credit lines, or support from family and friends. Each funding option has its own advantages and considerations, and it is important to evaluate them in the context of your specific financial situation. By considering all available options, you can make an informed decision about the best way to meet your financial needs during your legal proceedings.

Making Informed Decisions

Ultimately, calculating your lawsuit funding needs requires careful consideration and informed decision-making. By assessing your financial situation, understanding the costs associated with your case, and seeking professional guidance, you can determine the appropriate amount of funding to request. It is important to approach this process with a clear understanding of your financial goals and the potential impact of the funding on your overall situation.

Ensuring Financial Stability

Securing lawsuit funding is not just about addressing immediate financial needs; it is also about ensuring your long-term financial stability. By carefully calculating your funding needs and managing the funds responsibly, you can avoid financial pitfalls and focus on your recovery and legal proceedings. This financial stability will enable you to navigate the challenges of your case with confidence and peace of mind.

If you are facing financial challenges while pursuing a legal claim, Fast Funds is here to help. Our team understands the complexities of lawsuit funding and is committed to providing the support you need. Contact Fast Funds today to learn more about our funding options and how we can assist you in securing the financial resources necessary to navigate your legal journey. With Fast Funds by your side, you can focus on your recovery and achieving a favorable outcome in your case.

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Lawsuit Funding

Understanding Lawsuit Funding