Financial Support for Georgia Car Accident Lawsuits Legal Funding Explained

Financial Support for Georgia Car Accident Lawsuits Legal Funding Explained

If you or someone you care about has recently been in a car accident in Georgia, you may be feeling overwhelmed. The confusion and worry that follow such an event can make it difficult to think clearly about the next steps. One of the most pressing concerns for many people in these situations is how to handle the financial strain that often comes with recovering from injuries and managing the aftermath of a car accident.

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At Fast Funds, we understand the challenges you’re facing. We’re here to provide support during this difficult time, offering insights into how legal funding can help you navigate your lawsuit and secure the financial relief you need. Legal funding is designed to help people like you get the necessary resources to focus on recovering and pursuing the compensation you deserve without the added stress of mounting bills.

Understanding Legal Funding for Car Accident Lawsuits

Legal funding, often referred to as lawsuit funding or pre-settlement funding, is a financial option that allows individuals involved in a car accident lawsuit to access money before their case is resolved. This funding is typically provided by a third-party company that specializes in offering financial assistance to plaintiffs. For many people, this type of funding becomes a vital lifeline, allowing them to cover expenses such as medical bills, lost wages, and other necessary living costs while their case works its way through the legal system.

Unlike loans, legal funding is not based on your credit score or personal income. Instead, it is based on the strength of your lawsuit. This means that you do not need to worry about whether or not you have good credit or financial resources. The funding you receive will be tied to the outcome of your car accident lawsuit. If your case is successful and you win your settlement or judgment, the funding company will be repaid. If your case is unsuccessful, you are not required to repay the money.

- 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.

Why Legal Funding Can Be Crucial in Car Accident Cases

Car accidents often result in significant injuries that require ongoing medical treatment and therapy. In addition to the physical pain, these injuries can also result in lost wages if you are unable to return to work for an extended period. All of these factors contribute to the financial strain that can make it even harder to focus on healing and pursuing justice.

Legal funding can help bridge the gap by providing you with immediate financial support. Instead of having to wait months or even years for your lawsuit to reach a settlement or verdict, you can receive the money you need upfront. This allows you to maintain your quality of life while your case is being resolved, and it can prevent you from accepting a settlement that is less than what you truly deserve simply because you need money quickly.

Additionally, legal funding allows you to continue pursuing your case with the same level of determination and commitment. Without the worry of immediate financial pressures, you can focus on your recovery and work closely with your attorney to ensure your lawsuit is handled effectively.

How Legal Funding Works in Georgia Car Accident Lawsuits

In Georgia, the process of obtaining legal funding begins with evaluating the details of your car accident case. Funding companies will review the merits of your lawsuit and assess whether or not they believe you have a strong chance of winning. They will also look at your current situation, including your medical treatment and any lost wages, to determine how much funding you may be eligible for.

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Applying For Lawsuit Funding

Types of Cases We Fund

Once approved, you will receive the funds quickly—usually within a few days. The amount you receive is typically based on your expected settlement or verdict, and the funding company will charge a fee or interest that is subtracted from the final payout. The key difference between legal funding and a traditional loan is that you do not have to repay the money unless you win your case.

This feature of legal funding provides peace of mind because it reduces the financial risk for individuals who are unsure about the outcome of their lawsuit. As long as your case is successful, the funding company will recoup its money. If your case does not win, you are not responsible for repaying the funding.

The Benefits of Legal Funding for Car Accident Victims in Georgia

One of the most significant advantages of legal funding is that it provides car accident victims with financial relief without adding extra stress or obligations. In a typical personal injury case, the legal process can take months or even years, especially if the case goes to trial. During this time, plaintiffs may face growing medical expenses, rehabilitation costs, and the inability to work due to their injuries.

With legal funding, car accident victims can pay for necessary treatments, household bills, and other living expenses. It can also enable them to work with their attorney more effectively, without feeling the pressure to accept an early settlement offer that might not fully compensate for their damages.

Another key benefit of legal funding is that it does not require you to give up control over your lawsuit. You and your attorney continue to make the important decisions about how your case is handled. The funding company is simply providing the financial support to allow you to focus on your recovery and your case.

Is Legal Funding Right for You?

If you’re facing financial difficulties while waiting for the outcome of your car accident lawsuit in Georgia, legal funding could be a solution to consider. However, like any financial decision, it’s important to weigh the pros and cons and determine if it’s the best option for your specific situation.

Before moving forward with legal funding, it’s a good idea to consult with your attorney to discuss how funding might impact your case and whether it’s the right choice for you. Your attorney can provide you with guidance on how to use the funds responsibly and ensure that your legal rights are protected throughout the process.

We Can Help You Secure the Financial Support You Need

At Fast Funds, we understand how overwhelming the aftermath of a car accident can be. We are committed to helping you get the financial support you need to ease the burden while you focus on your recovery. Our team is ready to work with you and your attorney to ensure that you have the resources to pursue your case without unnecessary financial stress.

If you are considering legal funding for your car accident lawsuit in Georgia, we are here to help. Our team can guide you through the process and help you understand how funding can benefit you during this challenging time. Don’t hesitate to contact us today for a consultation and let us help you secure the financial support you deserve.

To learn more about this subject click here: Accessing Lawsuit Cash Advances for Car Accident Cases in Texas