Car accidents can have devastating consequences, often leaving victims with significant physical, emotional, and financial burdens. The aftermath of a car accident can be overwhelming, as victims struggle to recover from their injuries while also dealing with mounting medical bills, lost wages, and other expenses. In many cases, victims may choose to pursue a personal injury lawsuit to seek compensation for their losses. However, the legal process can be lengthy and expensive, which can place additional strain on individuals who are already facing financial difficulties. This is where personal injury lawsuit funding can play a crucial role in helping car accident victims navigate the challenges of their cases.

Understanding Personal Injury Lawsuit Funding

Personal injury lawsuit funding, also known as pre-settlement funding or lawsuit loans, is a financial service that provides plaintiffs in personal injury cases with a cash advance while they wait for their cases to be resolved. This type of funding is designed to help individuals cover their living expenses, medical bills, and other costs during the litigation process. Unlike traditional loans, personal injury lawsuit funding is not based on credit scores or income levels. Instead, the funding is provided based on the merits of the case and the likelihood of a favorable outcome.

One of the key benefits of personal injury lawsuit funding is that it allows plaintiffs to avoid settling their cases for less than they deserve due to financial pressure. Car accident victims often face significant financial challenges, especially if they are unable to work due to their injuries. The prospect of a long legal battle can be daunting, and some individuals may be tempted to accept a low settlement offer simply to get some money quickly. Personal injury lawsuit funding provides an alternative by offering plaintiffs the financial support they need to continue their cases and pursue fair 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.

How Personal Injury Lawsuit Funding Works

The process of obtaining personal injury lawsuit funding typically begins with an application to a funding company. The application process is straightforward and usually involves providing basic information about the case, including details about the car accident, the injuries sustained, and the status of the lawsuit. The funding company will then evaluate the case to determine whether it qualifies for funding.

If the case is approved, the plaintiff will receive a cash advance that can be used to cover various expenses. The amount of funding provided will depend on the specifics of the case, including the expected value of the settlement or judgment. It is important to note that personal injury lawsuit funding is a non-recourse form of funding, which means that plaintiffs are not required to repay the advance if they do not win their cases. This feature makes it a low-risk option for individuals who are concerned about the potential financial impact of their lawsuits.

The repayment of the funding is typically structured as a percentage of the final settlement or judgment. This means that if the plaintiff wins the case and receives compensation, a portion of that amount will be used to repay the funding company. The remaining funds will be retained by the plaintiff. If the case is unsuccessful, the plaintiff is not obligated to repay the advance, and the funding company absorbs the loss.

The Benefits of Personal Injury Lawsuit Funding in Car Accident Cases

Personal injury lawsuit funding offers several benefits to car accident victims who are pursuing legal action. One of the most significant advantages is the ability to alleviate financial stress during the litigation process. Car accidents can result in substantial medical bills, especially if the injuries are severe and require ongoing treatment. Additionally, the loss of income due to the inability to work can further exacerbate financial difficulties. Personal injury lawsuit funding provides plaintiffs with the financial resources they need to cover these expenses while they focus on their recovery and their legal case.

Another important benefit of personal injury lawsuit funding is that it allows plaintiffs to level the playing field against insurance companies and defendants who may have greater financial resources. Insurance companies often have teams of lawyers and substantial financial reserves, which can make it difficult for individual plaintiffs to negotiate fair settlements. With the financial support provided by personal injury lawsuit funding, plaintiffs can afford to hire experienced legal representation and pursue their cases to the fullest extent. This can result in higher settlement amounts and more favorable outcomes for car accident victims.

Furthermore, personal injury lawsuit funding can provide plaintiffs with the time and flexibility they need to build strong cases. Litigation can be a lengthy process, and gathering evidence, conducting depositions, and negotiating settlements can take months or even years. Without adequate financial resources, plaintiffs may feel pressured to accept quick settlements that do not fully compensate them for their losses. By providing financial stability, personal injury lawsuit funding allows plaintiffs to take the time they need to prepare their cases and pursue fair compensation.

Considerations When Seeking Personal Injury Lawsuit Funding

While personal injury lawsuit funding can be a valuable tool for car accident victims, it is important to consider several factors before pursuing this option. One of the primary considerations is the cost of the funding. Personal injury lawsuit funding is not free, and plaintiffs should be aware of the fees and interest rates associated with the advance. These costs can vary depending on the funding company and the specifics of the case. It is essential for plaintiffs to carefully review the terms of the funding agreement and fully understand the repayment structure before accepting an advance.

Another consideration is the potential impact on the overall settlement or judgment amount. Since the funding is repaid as a percentage of the final award, plaintiffs should consider how much of their settlement will be used to repay the advance. While personal injury lawsuit funding can provide immediate financial relief, it is important to weigh the long-term implications and ensure that the funding is truly necessary.

Additionally, plaintiffs should work closely with their attorneys when seeking personal injury lawsuit funding. Attorneys can provide valuable guidance and help plaintiffs evaluate whether funding is the right option for their specific situations. They can also assist in selecting reputable funding companies and negotiating favorable terms. It is important to choose a funding company that is transparent about its fees and terms and has a good reputation within the legal community.

The Role of Personal Injury Lawsuit Funding in Achieving Justice

Personal injury lawsuit funding plays a crucial role in helping car accident victims achieve justice by providing them with the financial resources they need to pursue their cases effectively. Without this support, many plaintiffs may be forced to settle their cases for less than they deserve, simply because they cannot afford to continue the litigation process. Personal injury lawsuit funding empowers plaintiffs to stand up to insurance companies and defendants, ensuring that they have the opportunity to seek fair compensation for their injuries and losses.

In addition to helping plaintiffs cover their living expenses and medical bills, personal injury lawsuit funding also enables them to access quality legal representation. Experienced attorneys can make a significant difference in the outcome of a case, and personal injury lawsuit funding allows plaintiffs to hire attorneys who have the skills and resources to advocate for their rights. This can lead to more favorable settlements and verdicts, ultimately benefiting car accident victims and helping them rebuild their lives after a traumatic event.

Choosing the Right Personal Injury Lawsuit Funding Company

When considering personal injury lawsuit funding, it is important for plaintiffs to choose a reputable and trustworthy funding company. There are many companies that offer this type of funding, but not all of them operate with the same level of transparency and fairness. Plaintiffs should take the time to research different funding companies, read reviews, and ask questions about the terms and conditions of the funding.

One of the key factors to consider when choosing a funding company is the interest rate and fees associated with the advance. Some companies may charge high fees or compound interest, which can significantly reduce the amount of the final settlement that the plaintiff receives. It is important to choose a company that offers competitive rates and is upfront about its fees.

Another important consideration is the company’s reputation within the legal community. Plaintiffs should look for companies that have a track record of working with reputable law firms and have positive reviews from other plaintiffs. Attorneys can also provide recommendations for funding companies that they have worked with in the past and trust to provide fair and transparent funding.

Personal injury lawsuit funding can be a lifeline for car accident victims who are facing financial difficulties while pursuing legal action. By providing plaintiffs with the financial support they need to cover their expenses during the litigation process, personal injury lawsuit funding enables them to continue their cases and seek fair compensation for their injuries and losses. However, it is important for plaintiffs to carefully consider the costs and implications of the funding, and to work with their attorneys to choose a reputable funding company.

Fast Funds is here to help you navigate the complexities of your personal injury case and explore the options available to you, including lawsuit funding. Our team is dedicated to ensuring that you have the resources and support needed to pursue justice and obtain the compensation you deserve. Contact Fast Funds today to discuss your case and learn more about how we can assist you during this challenging time.

Call For A Free Consultation

(855) 576-3444

Car Accident

The Role of Personal Injury Lawsuit Funding in Car Accident Cases