Accessing Litigation Funding for Bicycle Accident Victims in Michigan

Accessing Litigation Funding for Bicycle Accident Victims in Michigan

If you’ve recently been involved in a bicycle accident, it’s natural to feel confused and uncertain about what comes next. At Fast Funds, we understand how overwhelming this situation can be, especially when dealing with medical bills, repairs, and the stress of your recovery. Your health and well-being are your priority, but the financial burden that comes with an accident often creates additional worries. Fortunately, litigation funding may provide you with the financial support you need while you focus on healing and moving forward.

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Understanding Litigation Funding

Litigation funding, also known as legal financing, is a way to secure financial support during the course of a lawsuit or legal claim. This can be a crucial resource for victims of bicycle accidents who may be facing mounting medical expenses, lost wages, or other financial difficulties caused by the accident. Often, when a person is injured in a bicycle accident, they are unable to work or earn their normal income, and the medical bills can quickly accumulate. Litigation funding helps by providing you with the money needed to cover these costs while you await the outcome of your case.

In many cases, bicycle accident victims may not have the funds upfront to pay for legal fees, medical treatments, or other expenses while their case is ongoing. Litigation funding offers a solution by giving you access to funds without requiring repayment until your case is resolved. The amount of funding available depends on several factors, including the strength of your case and the expected value of the settlement or award. If your case is successful, the funding is repaid from the settlement amount. If you don’t win, there is typically no repayment required.

How Litigation Funding Works for Bicycle Accident Cases

For bicycle accident victims in Michigan, litigation funding can be a lifeline. The process typically begins when an individual applies for funding through a litigation finance company. The company will evaluate the details of your case, including medical records, accident reports, and other supporting documents, to determine whether your case is strong enough to qualify for funding. If you meet the eligibility criteria, you may be granted a cash advance to cover your expenses.

- 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.

The beauty of litigation funding is that it’s non-recourse. This means that if your case doesn’t result in a favorable outcome, you are not required to repay the funding. This can provide tremendous peace of mind, as it eliminates the financial risk of taking legal action. Many people who have been injured in bicycle accidents face the challenge of paying for ongoing medical treatments, including physical therapy, surgeries, and rehabilitation. Litigation funding can help bridge this gap and allow you to focus on your recovery without worrying about how to pay for necessary medical services.

The Benefits of Litigation Funding for Bicycle Accident Victims

One of the primary advantages of litigation funding is that it allows you to pursue your legal rights without having to worry about how to afford the costs associated with your case. Bicycle accidents can cause serious injuries, and some victims require extended medical care or ongoing treatment. In addition, many individuals are unable to return to work immediately after an accident, which can result in a significant loss of income. With the financial support provided by litigation funding, you can cover your medical expenses, living costs, and legal fees while you wait for the outcome of your case.

Another key benefit is that litigation funding gives you more time to reach a fair settlement or go to trial if necessary. Insurance companies often try to settle quickly and may offer an amount that is far less than what you deserve. With litigation funding, you are not forced to settle prematurely because of financial pressure. Instead, you can take the time needed to negotiate a fair settlement or pursue a trial if that is in your best interest.

Related Videos

Applying For Lawsuit Funding

Types of Cases We Fund

How Fast Funds Can Help You Access Litigation Funding

At Fast Funds, we understand the difficulties that bicycle accident victims face when seeking compensation for their injuries. The legal process can be complex, and pursuing a case often involves time, resources, and legal support. We are here to assist you in navigating that process and ensuring you have access to the financial resources you need during this challenging time.

We work with experienced litigation finance providers to help you secure the funding that is right for your case. Our team can walk you through the application process and explain how litigation funding works. We are dedicated to helping you understand your options so that you can make informed decisions about your case. Whether you are dealing with medical bills, lost wages, or the costs of ongoing treatment, litigation funding can help ensure that you have the financial support necessary to focus on what matters most—your recovery.

What to Consider When Applying for Litigation Funding

While litigation funding can be a valuable tool, it’s important to understand how it works before applying. Not all cases will qualify for funding, and the amount you receive will depend on factors such as the strength of your case, the severity of your injuries, and the potential for a favorable outcome. Additionally, litigation funding companies charge fees for their services, and these fees are usually deducted from your settlement or award.

It’s essential to carefully review the terms of any funding agreement and ensure that you fully understand the costs and repayment structure. Fast Funds can help you assess the best options for securing funding and guide you through the process so that you can make the best choices for your situation. We are committed to ensuring that you are fully informed every step of the way.

If you or a loved one has been injured in a bicycle accident in Michigan, litigation funding could be a valuable option for securing the financial support needed to pursue your case. At Fast Funds, we are dedicated to helping you access the resources you need to get the compensation you deserve. We understand that this can be a difficult time, and we are here to help you navigate the process with confidence.

If you are considering litigation funding, don’t hesitate to contact us. Our team is here to provide the guidance and support you need to make the best decisions for your future. Let us help you focus on your recovery while we take care of the rest.

To learn more about this subject click here:  Navigating Litigation Funding for Bicycle Accident Claims in Georgia