Bicycle Accident

Lawsuit Funding for Bicycle Accident Victims in Texas: Get the Cash You Need

Posted on by Fast Funds
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06
Sep

Bicycling in Texas is a popular and healthy mode of transportation, but it can also be fraught with dangers, especially when sharing the road with motor vehicles. Accidents involving bicycles can result in severe injuries that not only affect a person’s physical health but also bring about significant financial burdens. These accidents often leave victims facing a long recovery period, costly medical bills, and an uncertain future. If you or a loved one has been involved in a bicycle accident in Texas, navigating the aftermath can be overwhelming. One potential resource that can ease the financial strain during this difficult time is lawsuit funding, which provides the cash you need to manage your expenses while you pursue legal action for your injuries.

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Understanding Bicycle Accidents in Texas

Texas is home to a large number of bicyclists who use their bikes for commuting, exercise, or recreation. However, despite the efforts to improve bike lanes and promote road safety, bicycle accidents continue to be a serious concern. In many cases, these accidents occur due to the negligence of drivers who fail to observe bicyclists’ right of way, speed, drive under the influence, or are simply distracted. The impact of a vehicle on a cyclist can lead to catastrophic injuries, including broken bones, spinal cord injuries, traumatic brain injuries, and even death. Victims of such accidents often face not only physical pain but also emotional trauma and financial hardship.

In Texas, bicyclists have the right to seek compensation for their injuries if another party’s negligence caused the accident. This legal process, however, can be lengthy and complex. While the case is being litigated, victims still have to contend with ongoing expenses such as medical bills, rehabilitation costs, lost wages, and everyday living expenses. This is where lawsuit funding becomes a vital resource, offering financial relief while the legal process unfolds.

What Is Lawsuit Funding and How Does It Work?

Lawsuit funding, also known as legal funding or pre-settlement funding, is a financial arrangement that provides victims of personal injury, including bicycle accidents, with a cash advance against the potential settlement or award from their lawsuit. This funding is not a loan in the traditional sense. Instead, it is a non-recourse advance, meaning that if you do not win your case or obtain a settlement, you are not required to repay the funds. This provides a layer of security for victims who may already be dealing with the uncertainty of their legal case.

The process of obtaining lawsuit funding is relatively straightforward. After you have filed a lawsuit and have an attorney representing you, you can apply for funding with a lawsuit funding company. The company will evaluate your case, often in collaboration with your attorney, to assess the likelihood of a successful outcome and the estimated value of your potential settlement. If your case is deemed strong, the funding company will offer you an advance, typically based on a percentage of your expected settlement.

Once you receive the funds, you can use them to cover a variety of expenses, including medical bills, rent, mortgage payments, utilities, and other essential costs. The purpose of this funding is to provide financial stability so that you are not pressured into accepting a low settlement offer due to financial desperation. With the stress of immediate financial concerns alleviated, you and your attorney can focus on building a strong case to maximize your compensation.

- 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 Benefits of Lawsuit Funding for Bicycle Accident Victims

The aftermath of a bicycle accident can be an overwhelming experience, and the financial implications can add to the stress. Lawsuit funding offers several benefits that can make a significant difference in the lives of accident victims in Texas. One of the primary advantages is the ability to access funds quickly. Unlike traditional loans, which can take weeks or even months to process, lawsuit funding can be approved and disbursed within a matter of days. This rapid access to cash can be crucial when facing mounting bills and expenses.

Another key benefit is the non-recourse nature of the funding. Since repayment is contingent on winning your case, you do not have to worry about the added burden of debt if your lawsuit does not result in a favorable outcome. This aspect of lawsuit funding provides a level of financial protection that is not available with other forms of borrowing.

Lawsuit funding also empowers victims by providing them with the financial resources needed to sustain themselves while pursuing justice. Insurance companies often try to take advantage of the financial vulnerability of accident victims by offering quick but low settlement amounts. With lawsuit funding, you have the financial backing to resist these tactics and hold out for a settlement that truly reflects the extent of your injuries and losses. This can lead to a more just and fair resolution of your case.

How to Qualify for Lawsuit Funding in Texas

Qualifying for lawsuit funding in Texas is generally accessible to most bicycle accident victims who have a pending lawsuit and are represented by an attorney. The funding company will evaluate your case based on several factors, including the details of the accident, the severity of your injuries, the evidence supporting your claim, and the expected timeline for the resolution of your case. The stronger your case, the more likely you are to receive funding.

It is important to note that the amount of funding you can receive is usually a percentage of the anticipated settlement amount. This ensures that you do not receive more funds than you can reasonably repay from your eventual settlement or award. Your attorney will play a crucial role in this process, as they will provide the necessary documentation and legal insights to the funding company to facilitate the approval of your funding application.

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Applying For Lawsuit Funding

Types of Cases We Fund

Additionally, the process of applying for lawsuit funding does not affect your credit score or require a credit check, making it an option for those who may have poor credit or limited access to traditional financing. This inclusivity makes lawsuit funding a viable option for a wide range of accident victims.

What to Consider When Choosing a Lawsuit Funding Company

When considering lawsuit funding, it is important to choose a reputable funding company that understands the nuances of personal injury cases and is transparent about its terms and conditions. Not all lawsuit funding companies are created equal, and selecting the right one can have a significant impact on your experience and financial well-being.

One of the first things to consider is the cost of the funding. Lawsuit funding typically comes with interest or fees, which can vary widely between companies. It is crucial to understand the total cost of the funding, including any fees and interest rates, and how these will impact your final settlement. A reputable company will provide clear and upfront information about these costs, allowing you to make an informed decision.

Another important factor is the level of customer service and support provided by the funding company. Navigating a lawsuit can be a stressful experience, and having a responsive and supportive funding company can make a significant difference. Look for a company that offers personalized service, is easy to communicate with, and is willing to answer any questions you may have throughout the process.

Finally, consider the company’s track record and reputation. Research the company’s history, read reviews from other clients, and ask your attorney for recommendations. A company with a strong reputation in the legal community and positive feedback from past clients is more likely to provide a smooth and beneficial experience.

The Role of Your Attorney in the Lawsuit Funding Process

Your attorney plays a critical role in the lawsuit funding process. They will be the primary point of contact between you and the funding company, providing the necessary documentation and legal opinions to facilitate your application. It is essential to work closely with your attorney to ensure that the funding you receive is appropriate for your needs and does not compromise the integrity of your case.

Your attorney will also help you understand the implications of accepting lawsuit funding. While lawsuit funding can provide immediate financial relief, it is important to consider how the repayment terms will impact your final settlement. Your attorney can help you evaluate the potential benefits and drawbacks of lawsuit funding and ensure that it aligns with your overall legal strategy.

Additionally, your attorney’s involvement is crucial in ensuring that the lawsuit funding process does not interfere with the legal proceedings. A reputable lawsuit funding company will work collaboratively with your attorney to provide the financial support you need without disrupting the progression of your case.

Lawsuit Funding as a Strategic Tool in Bicycle Accident Cases

Lawsuit funding is more than just a financial resource; it can be a strategic tool in your legal battle. By providing you with the financial stability to cover your expenses, lawsuit funding allows you to take a more patient and deliberate approach to your case. This can be particularly important in bicycle accident cases, where the extent of your injuries and the full impact on your life may not be immediately apparent.

With lawsuit funding, you have the freedom to pursue a settlement that truly reflects the damages you have suffered, rather than feeling pressured to accept a quick and insufficient offer. This can result in a more favorable outcome, both in terms of financial compensation and the sense of justice achieved.

If you or a loved one has been involved in a bicycle accident in Texas, the path to recovery can be long and challenging. In addition to the physical and emotional toll, the financial burden can be overwhelming. Lawsuit funding offers a valuable solution for those who need financial support while pursuing legal action. By providing the cash you need to cover your expenses, lawsuit funding allows you to focus on your recovery and your legal case without the added stress of financial uncertainty.

At Fast Funds, we understand the challenges faced by bicycle accident victims, and we are committed to providing the financial support you need during this difficult time. Our team is dedicated to helping you navigate the lawsuit funding process with transparency and care, so you can achieve the justice and compensation you deserve. Contact Fast Funds today to learn more about how we can assist you in getting the cash you need to move forward with confidence.