When you’re hurt in a pedestrian accident, it can feel overwhelming. In addition to dealing with the physical and emotional pain of an injury, there’s the constant worry about the cost of medical bills, lost wages, and other expenses that continue to mount. You may feel unsure about how to move forward, especially if you don’t have enough money to pay for your legal representation. At this point, it’s crucial to know that help is available. One option you might consider is litigation funding, which can give you the financial resources you need to pursue your pedestrian accident lawsuit with confidence. In this page, we’ll discuss how litigation funding works and how it can play a vital role in helping you seek justice for your injuries.

What is Litigation Funding and How Does it Work?

Litigation funding, also known as legal financing or lawsuit funding, is a financial tool that helps people involved in legal disputes cover their costs while waiting for a resolution. This type of funding is particularly useful for pedestrian accident victims who may be unable to work or facing mounting medical expenses due to their injuries. Essentially, litigation funding provides you with the money you need to pay for everything from attorney fees to day-to-day living expenses while your case is being resolved.

The process of obtaining litigation funding usually begins by applying to a lawsuit funding company. These companies evaluate the strength of your case and, if they believe there is a good chance of success, they offer you a loan against the expected settlement or verdict. Unlike traditional loans, you don’t have to repay the funding if you lose your case. The loan is only repaid if you win your case and receive a settlement or jury award.

Why Pedestrian Accident Victims in Michigan May Benefit from Litigation Funding

If you have been involved in a pedestrian accident in Michigan, you likely understand how challenging it can be to focus on your recovery while also worrying about the costs of your case. Pedestrian accidents often result in serious injuries, such as broken bones, spinal cord injuries, traumatic brain injuries, and other long-term medical conditions that can require expensive treatment. Many pedestrian accident victims find themselves unable to return to work, which only adds to the financial strain.

Litigation funding can provide a lifeline for victims who are struggling to manage these financial burdens. By securing funding for your lawsuit, you can focus on recovering from your injuries while ensuring that your legal case is pursued to its fullest extent. Without litigation funding, some individuals may feel pressured to accept a quick settlement from the insurance company, which may not be in their best interest. With the assistance of litigation funding, you can take the time to seek the compensation you deserve for your injuries, pain, and suffering.

- 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.

How Does Litigation Funding Help with the Legal Process?

One of the main advantages of litigation funding is that it allows you to move forward with your legal case without worrying about how you will pay for it. Lawsuits can take time, sometimes months or even years, to reach a conclusion. During this time, you may face mounting expenses, including hospital bills, medical treatments, and everyday living costs. Without the financial resources to cover these costs, you may feel pressured to settle your case early, even if the settlement offer doesn’t fully cover your damages.

With litigation funding, you can cover the costs of your case while it’s being processed, which means you don’t have to rush into an unfair settlement. The funding allows you to have access to your attorney’s services and other important legal resources while waiting for your case to reach a conclusion. This gives you the time you need to ensure that your case is handled properly and that you receive the compensation you deserve.

The Process of Obtaining Litigation Funding for Pedestrian Accident Lawsuits

If you are considering litigation funding for your Michigan pedestrian accident lawsuit, it’s essential to understand how the process works. First, you will need to apply to a lawsuit funding company that offers financial assistance for legal cases. This application will involve providing information about your accident, your injuries, and your case. The funding company will also ask for documentation such as police reports, medical records, and details about any other legal proceedings related to your case.

Is Litigation Funding Right for You?

While litigation funding can be a useful resource for many pedestrian accident victims, it’s not the right choice for everyone. To determine whether litigation funding is right for you, it’s essential to assess your financial situation, the strength of your case, and your long-term goals. If you are facing severe financial challenges due to your injuries and you need the money to pursue your lawsuit, litigation funding may be an excellent option to consider.

However, it’s also important to understand that litigation funding comes with fees, and you will need to repay the loan if you win your case. These fees can vary depending on the amount of money you receive and how long it takes to settle your case. It’s essential to carefully review the terms of any funding agreement and make sure you fully understand the costs involved before moving forward.

The Role of Your Attorney in the Litigation Funding Process

Your attorney plays a crucial role in the litigation funding process. When you decide to apply for litigation funding, your attorney will work with the funding company to provide the necessary documentation and ensure that the application is processed smoothly. Your attorney will also be able to advise you on whether litigation funding is the right choice for your specific case, taking into account the unique circumstances of your pedestrian accident lawsuit.

At our law firm, we understand how important it is to have the support you need during the legal process. That’s why we work closely with our clients to help them explore all available options for funding their lawsuits. If you are considering litigation funding, our team can help guide you through the process and ensure that you are making the best decision for your future.

How We Can Help You Pursue Justice

At our firm, we are committed to helping victims of pedestrian accidents in Michigan seek justice for their injuries. We understand that the legal process can be confusing, especially if you are already dealing with the physical, emotional, and financial strain of an accident. That’s why we offer comprehensive legal representation to guide you through every step of your case.

If you are considering litigation funding, we are here to help. Our team will review your case, explain your options, and ensure that you have the financial support you need to move forward. We are dedicated to pursuing the best possible outcome for your case, whether that involves negotiating a fair settlement or taking your case to trial.

Dealing with the aftermath of a pedestrian accident is never easy, and it can be even more challenging when you’re facing financial strain. Litigation funding provides a way for victims to access the resources they need to pursue justice without worrying about how they will afford the costs of their case. If you’re unsure about how to move forward with your pedestrian accident lawsuit, we are here to help. Our team at Fast Funds is committed to providing compassionate and knowledgeable legal support to guide you through this difficult time. Reach out to us today to learn more about how we can assist you in securing the funding you need to pursue your case and fight for the compensation you deserve.

To learn more about this subject click here: The Benefits of Litigation Funding for Pedestrian Accident Claims in Texas

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Litigation Funding for Michigan Pedestrian Accident Lawsuits: A Path to Justice