Personal Injury

Common Uses for Personal Injury Lawsuit Funding in Texas

Posted on by Fast Funds
Common Uses for Personal Injury Lawsuit Funding in Texas
26
Jun

Personal injury lawsuits are a crucial legal recourse for individuals who have suffered harm due to the negligence or wrongful actions of others. In Texas, these lawsuits can provide compensation for medical expenses, lost wages, pain and suffering, and other damages incurred by the victim. However, the legal process can be lengthy and complex — often taking months or even years to resolve. During this time, plaintiffs may face financial strain as they wait for their case to reach a settlement or verdict.

Fast Funds Badges

Covering Medical Expenses

One of the primary uses of personal injury lawsuit funding in Texas is to cover medical expenses. Injuries resulting from accidents such as car crashes, slip and falls, or workplace incidents can lead to significant medical bills. Even with health insurance, copays, deductibles, and treatments not covered by insurance can quickly add up. Lawsuit funding provides plaintiffs with immediate cash to pay for medical bills, ensuring they can receive necessary treatment without delay.

Replacement of Lost Income

Another critical use of lawsuit funding is to replace lost income. Many personal injury victims are unable to work or face reduced work hours due to their injuries. This loss of income can be financially devastating, especially when combined with the additional expenses related to the injury. Lawsuit funding helps plaintiffs cover daily living costs such as rent, mortgage payments, utilities, and groceries while they are unable to earn a paycheck.

Managing Daily Living Expenses

Beyond medical expenses and lost income, personal injury lawsuit funding can also be used to manage daily living expenses. From transportation costs to childcare expenses, the financial impact of an injury can extend to various aspects of a person’s life. Lawsuit funding provides plaintiffs with the flexibility to maintain their standard of living and meet their ongoing financial obligations during the litigation process.

Legal Fees and Court Costs

Navigating the legal system in pursuit of a personal injury claim involves various costs, including attorney fees, court fees, witness fees, and other litigation expenses. These costs can accumulate quickly, placing an additional financial burden on plaintiffs. Lawsuit funding can be used to cover these expenses, ensuring that plaintiffs have access to the resources needed to effectively pursue their case without worrying about upfront legal costs.

- 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.

Avoiding Financial Distress

Perhaps most importantly, lawsuit funding helps plaintiffs avoid financial distress during what is often a stressful and uncertain time. The aftermath of an injury can be emotionally challenging, and financial worries only exacerbate the situation. By providing immediate financial relief, lawsuit funding allows plaintiffs to focus on their recovery and the legal process without the constant pressure of financial hardship hanging over them.

Receiving Fair Compensation

Personal injury lawsuit funding can play a crucial role in ensuring that plaintiffs receive fair compensation for their injuries. Insurance companies and defendants often try to prolong the litigation process to pressure plaintiffs into accepting lower settlement offers. With lawsuit funding, plaintiffs can afford to wait for a fair settlement or verdict without being forced into financial desperation. This financial stability empowers plaintiffs and their attorneys to negotiate from a position of strength, ultimately leading to better outcomes in their cases.

Supporting Lengthy Legal Processes

The legal process can be lengthy, especially in complex personal injury cases. Factors such as legal maneuvering, discovery, testimony, and court delays can extend the timeline of a case for months or even years. During this time, plaintiffs may face mounting bills and ongoing financial strain. Lawsuit funding provides the financial resources needed to sustain the litigation process without compromising on the quality of legal representation or the pursuit of justice.

Access to Quality Medical Care

Injuries sustained in accidents often require ongoing medical care, rehabilitation, and therapy. Without adequate financial resources, plaintiffs may struggle to access the treatments and therapies they need to recover fully. Lawsuit funding bridges this gap by ensuring that plaintiffs can afford necessary medical care, including consultations with specialists, diagnostic tests, surgeries, and rehabilitation services. This access to quality medical care is essential for maximizing recovery outcomes and improving overall quality of life post-injury.

Related Videos

Applying For Lawsuit Funding

Types of Cases We Fund

Preserving Credit and Financial Stability

For many plaintiffs, taking out loans or using credit cards to cover expenses during a personal injury lawsuit can lead to significant debt and financial strain. Lawsuit funding offers a non-recourse solution, meaning that plaintiffs are not personally liable for repayment if they do not win their case. This preserves their credit rating and financial stability, allowing them to move forward with their lives without the burden of additional debt hanging over their heads.

Peace of Mind and Reduced Stress

The aftermath of a personal injury can be overwhelming, both physically and emotionally. Financial worries only add to the stress and anxiety that plaintiffs experience during this challenging time. Lawsuit funding provides peace of mind by alleviating financial pressures and uncertainties, allowing plaintiffs to focus on their recovery, rehabilitation, and personal well-being. This support is invaluable in helping plaintiffs navigate the emotional challenges of litigation and rebuilding their lives after an injury.

Equal Access to Justice

Lawsuit funding levels the playing field by ensuring that all individuals, regardless of their financial situation, have equal access to justice. Without funding, plaintiffs from lower-income backgrounds might be pressured to accept early, inadequate settlement offers simply because they cannot afford to wait for a fair resolution. By providing upfront cash advances, lawsuit funding empowers plaintiffs to pursue their claims vigorously and ensures that justice is not compromised by financial constraints.

Flexibility in Legal Strategy

Having access to lawsuit funding provides plaintiffs and their attorneys with greater flexibility in crafting legal strategies. It allows for thorough investigation, preparation of strong legal arguments, and the ability to pursue all avenues of compensation available under the law. This strategic advantage can lead to more favorable settlements or verdicts, as plaintiffs are better positioned to present compelling evidence and arguments in support of their claims.

Strengthening Community Support

Personal injury lawsuit funding also strengthens community support by enabling injured individuals to assert their rights and hold wrongdoers accountable. By pursuing legal action, plaintiffs not only seek compensation for their own losses but also contribute to promoting safety standards and preventing future accidents and injuries. This collective effort fosters a sense of community empowerment and responsibility, encouraging safer practices and behaviors among individuals and businesses alike.

Planning for Long-Term Financial Stability

Beyond immediate financial relief, lawsuit funding allows plaintiffs to plan for long-term financial stability. Whether it’s setting aside funds for future medical needs, investing in vocational training or education to pursue alternative career paths, or rebuilding savings depleted during the litigation process, plaintiffs can make informed decisions about their financial futures without the pressure of immediate financial constraints.

Advocacy and Empowerment

Ultimately, lawsuit funding serves as a tool for advocacy and empowerment for personal injury victims. It empowers plaintiffs to assert their rights, seek justice, and obtain the compensation they deserve for their injuries and losses. By providing financial support during a challenging and often prolonged legal journey, lawsuit funding enables plaintiffs to stand up to powerful defendants and insurance companies, ensuring that their voices are heard and their rights are protected under the law.

Here to Help You

Personal injury lawsuit funding in Texas serves as a critical resource for individuals who find themselves facing financial hardship due to injuries caused by negligence or wrongful conduct. From covering immediate medical expenses and lost income to supporting long-term recovery and legal advocacy, lawsuit funding plays a pivotal role in helping plaintiffs navigate the complexities of the legal system while preserving their financial stability and well-being.

If you or someone you know in Texas is involved in a personal injury lawsuit and could benefit from lawsuit funding, contact Fast Funds today. Our experienced team understands the challenges plaintiffs face and is committed to providing fast, reliable funding solutions. Visit our website or call us to learn more about how we can help you during this challenging time. Let us support you so you can focus on what matters most — your recovery and your case.