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If you were recently hit by a car while walking in Texas, you are probably dealing with a lot right now. You may be hurt, out of work, or worried about how to pay your bills. Filing a personal injury claim can help, but that process takes time. When bills are piling up and you are waiting for a legal case to settle, you might feel stuck. That is where litigation funding can help. It gives you money now while your case is still in court.
Litigation funding is a way to get financial support after a pedestrian accident when you are waiting for your legal claim to be resolved. It is not a loan in the usual way. If you do not win your case or get a settlement, you do not have to pay the money back. This kind of funding helps people who need money right away but are stuck waiting on a legal process that could take months or even years.
Understanding What Happens After a Pedestrian Accident
After a pedestrian is hit by a car, the first step is getting medical help. Even if the injury does not seem bad, it is important to be checked out. Head injuries and internal problems are not always obvious right away. Then, a police report should be made. This helps create a record of what happened. After that, a claim can be filed with the insurance company of the driver who caused the accident.
Sometimes, the insurance company tries to delay or lower what they pay. That is when many people turn to personal injury lawyers for help. A lawyer can fight to make sure you are treated fairly. But the legal process takes time. It can take months to gather evidence, talk to doctors, get accident reports, and go back and forth with insurance companies or in court. During this time, you may be unable to work or struggling to pay rent, medical bills, or even just buy food. This is where funding can make a big difference.
- WHAT CLIENTS ARE SAYING -
What Litigation Funding Means in Simple Words
Litigation funding is sometimes called pre-settlement funding. It means you can get money while your case is still being worked on. A funding company gives you cash based on how strong your case is. The money is used to help with daily needs, rent, car payments, medical costs, or anything else. The money is paid back only if your case wins or settles. If you do not win, you do not repay anything.
This kind of help is important for people who were hurt badly and cannot work. It also helps people stand up to insurance companies who may try to pressure them into taking a lower offer. When you have funding, you do not have to settle too early just to get money fast. You can wait for the full amount you deserve.
How the Process Works in Texas
The first thing that happens is talking to a lawyer. Your lawyer will review your pedestrian accident and decide if you have a case. If you do, they will start gathering information and building the claim. At this point, you can ask about litigation funding. Your lawyer can help you apply for it. They work directly with the funding company and give them the details they need.
The funding company looks at the case to decide if it is strong. They check if the other driver was clearly at fault. They also look at how bad the injuries are and how likely it is that you will win or settle. If they believe your case is strong, they may approve the funding.
Once approved, the money is sent to you, often within a few days. You can use the money for any personal needs. It is your money to use while you wait. The amount you get depends on how much your case is worth. It is usually just a part of the total value, not the full expected settlement.
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Your lawyer continues to work on the case. When the case is over and you get a settlement, the funding company is paid back from that money. The rest of the settlement goes to you. If the case is not successful and there is no money at the end, you do not owe anything back.
Why People Choose Litigation Funding
People who are hurt and waiting for a claim to settle often need help right away. They may have lost their job or be stuck in the hospital. Regular loans can be hard to get if you are not working. Litigation funding does not depend on your credit score or job status. It depends only on your case.
It also gives people more power in court. When you are not worried about rent or food, you can make better choices. You can wait for a fair offer, instead of being forced to take a lower amount just to get money fast. That helps you get the full amount you deserve for your injury, pain, and suffering.
What to Watch Out for When Getting Funding
While litigation funding can be helpful, not all funding companies are the same. It is important to work with a company that is clear about how much the funding will cost. Some may charge high fees. A good lawyer will help you find a company that is fair and honest. Ask questions about the terms. Know exactly how much will be taken out of your settlement before you agree.
Also, only get as much funding as you really need. Because the funding is paid back later with fees, you want to keep that amount as low as possible. Your lawyer can help you figure out what makes sense for your situation.
How Long You May Have to Wait
In Texas, every pedestrian accident case is different. Some cases settle in a few months. Others can take over a year, especially if there is a disagreement about who was at fault or how bad the injuries are. During this time, the bills do not stop coming. That is why many people choose funding. It helps them stay afloat until the case is done.
The length of your case depends on how fast the insurance company responds, how complete the records are, and if your case has to go to court. A case that settles outside court is usually faster. A case that goes to trial can take longer. Either way, having funding helps reduce the pressure while your lawyer handles the legal steps.
What Happens After the Case Ends
When your pedestrian accident claim is finished, the money from the settlement goes first to cover the legal fees and the funding company. What is left is sent to you. Most people are still able to keep a large part of their settlement, even after paying those amounts. That is why it is important to work with a lawyer and a funding company that both look out for your best interest.
If your case does not win or settle, you do not owe the funding company anything. That is one of the most helpful parts of litigation funding. It protects you from falling deeper into debt if things do not go your way.
How This Helps Pedestrian Accident Victims in Texas
Texas roads can be dangerous for people walking. When someone is hit, the injuries are often very serious. Broken bones, back injuries, or head trauma can make it hard to work or live normally. The law in Texas gives you the right to file a claim if a driver hurt you because they were careless. But the law does not move quickly, and insurance companies do not always treat people fairly.
Litigation funding gives people the time and strength to wait for justice. It helps them stay strong through the legal process. It puts them in a better place to demand what they deserve. When you are not worried about how to pay for groceries or medicine, you can focus on healing and let your lawyer fight your case.
Your Next Steps If You Were Hurt
If you or someone you love was hit while walking in Texas, and you are waiting on a legal claim, it is important to know your options. Litigation funding can be a smart choice if you need financial help right now. But it is not something to do alone. You need a team that understands the law, the process, and your needs.
At Fast Funds, we help people get access to the money they need while they wait for justice. We work with your lawyer and focus on your case, not your credit. If you want to talk about how litigation funding might help your pedestrian accident claim, contact Fast Funds today. Let us help you breathe easier while you focus on your recovery.