Litigation Funding

Financial Support for Pedestrian Accident Victims in Oregon: Litigation Funding Explained

Posted on by Fast Funds
Financial Support for Pedestrian Accident Victims in Oregon: Litigation Funding Explained
19
Jun

In the streets of Oregon, pedestrian accidents are unfortunately not uncommon. Amidst the hustle and bustle of daily life, it’s easy for a moment’s distraction to lead to devastating consequences. For those who find themselves victims of such accidents, the road to recovery can be long and arduous, both physically and financially. However, there is hope in the form of litigation funding, a crucial lifeline for many seeking justice and compensation.

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Understanding Litigation Funding

Litigation funding, also known as legal funding or lawsuit loans, is a financial mechanism designed to provide support to individuals involved in legal disputes, including pedestrian accident cases. Essentially, it involves obtaining funds from a third-party funding company to cover the costs associated with pursuing a lawsuit. These costs may include attorney fees, medical expenses, living expenses, and other financial obligations that arise during the legal process.

How Litigation Funding Works

Unlike traditional loans, litigation funding is non-recourse, meaning that repayment is contingent upon the outcome of the case. If the plaintiff loses the lawsuit, they are not required to repay the funding company. However, if the case is successful and results in a settlement or judgment, the funding company receives a portion of the proceeds to cover the advance, along with any agreed-upon fees.

The Benefits of Litigation Funding for Pedestrian Accident Victims

For pedestrian accident victims in Oregon, litigation funding can be a lifeline during a time of financial uncertainty. Here are some key benefits:

Access to Justice

Litigation funding ensures that individuals have access to legal representation, regardless of their financial situation. This levels the playing field and allows victims to pursue their case without worrying about the upfront costs of litigation.

Financial Stability

Pedestrian accidents can result in significant medical expenses, lost wages, and other financial burdens. Litigation funding provides victims with the financial stability they need to cover these expenses and maintain their quality of life while their case is ongoing.

Reduced Pressure to Settle

Without the financial pressure to settle quickly for a lower amount, pedestrian accident victims can focus on pursuing maximum compensation for their injuries and losses. Litigation funding gives them the freedom to wait for a fair settlement or verdict.

- 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.

No Risk

Since litigation funding is non-recourse, there is no risk to the plaintiff if their case is unsuccessful. They are not required to repay the funding company, alleviating the fear of further financial strain in the event of a loss.

How to Obtain Litigation Funding

The process of obtaining litigation funding is relatively straightforward. Once a victim has hired an attorney to represent them in their pedestrian accident case, they can apply for funding through a reputable funding company. The funding company will evaluate the merits of the case and the likelihood of success before providing an advance.

The Importance of Legal Representation

In the aftermath of a pedestrian accident, securing competent legal representation is paramount. An attorney will not only advocate for the victim’s rights but also navigate the complexities of the legal system on their behalf. From gathering evidence to negotiating with insurance companies, an experienced lawyer can significantly improve the chances of a successful outcome in a pedestrian accident case.

Challenges Faced by Pedestrian Accident Victims

Pedestrian accident cases often present unique challenges compared to other types of personal injury claims. Establishing liability can be particularly complex, as it requires a thorough investigation into the circumstances surrounding the accident. Factors such as traffic laws, driver negligence, and road conditions must all be carefully considered to determine fault and liability.

The Role of Litigation Funding Companies

Litigation funding companies play a crucial role in supporting pedestrian accident victims throughout the legal process. By providing financial assistance upfront, these companies empower victims to pursue their case without the burden of financial stress. Additionally, litigation funding companies often work closely with attorneys to ensure that victims receive the support they need to secure a favorable outcome.

Related Videos

Applying For Lawsuit Funding

Types of Cases We Fund

Ethical Considerations

While litigation funding can be a valuable resource for pedestrian accident victims, it is essential to approach it with caution. Some critics argue that litigation funding may encourage frivolous lawsuits or lead to conflicts of interest between attorneys and their clients. However, when used responsibly and ethically, litigation funding can be a lifeline for those in need of financial assistance.

Transparency and Accountability

To address concerns about transparency and accountability, reputable litigation funding companies adhere to strict ethical standards and industry regulations. They provide clear and transparent terms to clients, including fees and repayment terms, and prioritize the best interests of the client throughout the legal process. By choosing a reputable funding company, pedestrian accident victims can have confidence in the integrity of the support they receive.

Empowering Victims to Rebuild Their Lives

Beyond the financial implications, pedestrian accidents can have long-lasting emotional and psychological effects on victims and their families. Litigation funding not only provides financial support but also empowers victims to rebuild their lives and move forward with confidence. With the right resources and support system in place, pedestrian accident victims can begin the journey toward healing and recovery.

The Need for Comprehensive Support Services

While litigation funding addresses the immediate financial needs of pedestrian accident victims, comprehensive support services are also essential for long-term recovery. This may include access to medical care, rehabilitation services, and emotional support to help victims cope with the trauma of their experience. By addressing both the financial and emotional aspects of recovery, victims can achieve a more holistic and sustainable recovery.

Moving Forward with Hope

With the support of litigation funding and a strong community behind them, pedestrian accident victims can move forward with hope and resilience, knowing that they are not alone in their journey toward justice and healing.

If you or a loved one has been injured in a pedestrian accident in Oregon and are in need of financial support to pursue your case, contact Fast Funds today. Our team focuses in providing litigation funding to victims of personal injury accidents, and we’re here to help you navigate the legal process with confidence and peace of mind. Don’t let financial barriers stand in the way of justice — reach out to us now to learn more about how we can assist you.