Personal Injury Claim Funding
If you’ve experienced a personal injury and have instigated a lawsuit, money is probably foremost on your mind. You’re probably wondering how much money your lawsuit can potentially bring you, and if it will be enough to cover your personal and medical expenses stemming from the accident and injury. While no litigation ever has a definite outcome, you do stand a good chance of a favorable monetary outcome if your accident was caused by the negligence of someone else. In certain circumstances, you might even qualify for money from a lawsuit if you caused your own personal injury.
The problem with lawsuits is that they take a long time to go through the court system. While you’re waiting months and maybe years to see a settlement to your litigation, your personal finances are taking a hit, especially if your injury has left you unable to work. You need a source of personal injury claim funding to help you get through these lien times without having to take the first settlement offer that comes along.
Use the Right Company to Get an Advance on Your Lawsuit Money
There are a multitude of companies out there that offer money in the form of loans against your potential lawsuit settlement. The drawback is that you have to pay back these loans, often with high interest. The best source of personal injury claim funding is from a company that offers no-recourse advances that you don’t have to pay back, even if you lose your case.
Anyone who has been involved in personal injury litigation can tell you that it is a long, drawn out process. If you’re hoping for a settlement from the case, you could be waiting a long time. This is not to say you’ll never get your settlement money, but you’ve got to operate on court time, which is a lot slower than regular time. You can easily expect your personal injury litigation case to be mired in the legal system for several months at minimum.
Not only does it take time to purse a personal injury litigation case, but it also takes a lot of money. A lot of claimants end up settling their cases early for less money than they should, simply because they can no longer afford the legal fees. However, there’s no reason this should ever happen to you.
If you’re in litigation for a personal injury suit, you should take advantage of the services of a pre-settlement funding company. A pre-settlement funding company can advance you the money you’re expecting to get out of your lawsuit, thus providing you with the money you need to avoid having to take an early settlement.
Go After Your Personal Injury Compensation
Lawsuits are not known for being speedy. They can often take months, sometimes years to resolve. In the meantime, you’ve got bills to pay. That’s where advance funding of your forthcoming compensation can be a big help. Your advance funding company will estimate how much you can realistically get in your personal injury compensation suit, and will send you all or part of that money.
Of course, nothing is definite, and you may lose your case. However, the right company will not make you repay the money if you lose. This is known as non-recourse funding, and it’s what we do at Fast Funds.
Litigation costs aren’t cheap. A lawsuit can easily run into the tens of thousands of dollars, depending on how long it’s drawn out and how complicated it is. Between obtaining evidence and documents, conducting interviews, securing witnesses and more, attorneys put a lot of time and money into winning their litigation. Unfortunately, that cost is often passed onto their clients.
In most cases, when you have a personal injury case, an attorney will take it on speculation. This means that litigation costs are suspended for the duration of the case. You only have to pay the attorney a small percentage of your settlement if you win the case. Once in a while, though, expenses get so out of hand while prosecuting a personal injury claim that additional funding is needed from the client to pursue the case all the way. Otherwise, it may be necessary for the client to end the case early and accept a smaller settlement than they could get if they kept the claim going.
Personal Injury Litigation Can Be Funded Without Bankrupting You
You don’t need good credit to get personal injury claim funding. All you need is the ability to speak with a representative from such a company so you can tell them about the details of your case. Most applications can be approved within a day or two.