Personal Injury

Understanding the Financial Benefits of Personal Injury Lawsuit Funding

Posted on by Fast Funds
Understanding the Financial Benefits of Personal Injury Lawsuit Funding
18
Jul

Personal injury lawsuits can be a financial strain on individuals and families. The medical expenses, lost wages, and other costs associated with recovering from an injury can add up quickly, leaving many plaintiffs struggling to make ends meet. This is where personal injury lawsuit funding can make a significant difference. It provides a financial lifeline to plaintiffs who might otherwise be forced to settle for less than they deserve simply because they need the money. By understanding the financial benefits of personal injury lawsuit funding, plaintiffs can make informed decisions about their legal and financial strategies.

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Immediate Financial Relief

One of the most significant benefits of personal injury lawsuit funding is the immediate financial relief it offers. When someone is injured and unable to work, their income may be significantly reduced or even eliminated. This can lead to an inability to pay for everyday expenses such as rent, utilities, groceries, and medical bills. Personal injury lawsuit funding provides plaintiffs with a cash advance against their expected settlement, allowing them to cover these necessary expenses. This immediate influx of cash can alleviate the financial stress that often accompanies a personal injury, allowing plaintiffs to focus on their recovery and legal case.

Leveling the Playing Field

Insurance companies and large corporations often have significant resources at their disposal. They can afford to drag out the legal process, knowing that the longer a case takes, the more likely it is that the plaintiff will be forced to settle for less than they deserve. Personal injury lawsuit funding levels the playing field by providing plaintiffs with the financial resources they need to sustain themselves throughout the legal process. This means that plaintiffs can afford to wait for a fair settlement rather than being pressured into accepting a lowball offer out of financial desperation. In this way, lawsuit funding empowers plaintiffs to pursue justice without compromising their financial stability.

- 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.

No Risk to the Plaintiff

One of the key advantages of personal injury lawsuit funding is that it is non-recourse. This means that if the plaintiff does not win their case, they are not required to repay the funds they received. This arrangement significantly reduces the risk for plaintiffs. Unlike traditional loans, which must be repaid regardless of the outcome of the case, lawsuit funding is contingent on the plaintiff winning their case. This no-risk feature makes personal injury lawsuit funding an attractive option for many plaintiffs who need financial assistance but are wary of taking on additional debt.

Covering Medical Expenses

Medical bills can be one of the most overwhelming aspects of recovering from a personal injury. Even with insurance, co-pays, deductibles, and out-of-pocket expenses can add up quickly. Personal injury lawsuit funding can be used to cover these medical expenses, ensuring that plaintiffs receive the care they need without worrying about how to pay for it. By covering the costs of medical treatment, lawsuit funding allows plaintiffs to focus on their recovery and rehabilitation, which can ultimately improve the outcome of their case.

Protecting Credit Scores

When plaintiffs are unable to pay their bills due to an injury, their credit scores can suffer. Missed payments and mounting debt can negatively impact credit scores, making it more difficult to secure loans or credit in the future. Personal injury lawsuit funding can help plaintiffs stay current on their bills and avoid the negative consequences of missed payments. By providing the financial support needed to maintain their financial obligations, lawsuit funding can help protect plaintiffs’ credit scores during a challenging time. This can have long-term benefits, as maintaining a good credit score can make it easier to recover financially once the case is resolved.

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Enabling Strategic Decision-Making

Without the financial pressure to settle quickly, plaintiffs can take the time they need to make strategic decisions about their case. This includes gathering evidence, consulting with attorneys, and considering all settlement offers carefully. Personal injury lawsuit funding provides the financial stability needed to approach the case with a clear mind and a focus on achieving the best possible outcome. This strategic approach can result in higher settlement amounts and more favorable terms for the plaintiff. By allowing plaintiffs to take their time and make informed decisions, lawsuit funding can improve the overall success of their case.

Preserving Future Financial Security

Settling a personal injury case for less than it is worth can have long-term financial consequences for plaintiffs. The settlement amount must cover not only current expenses but also future medical costs, lost wages, and other financial needs. By providing the financial resources needed to sustain themselves during the legal process, personal injury lawsuit funding helps plaintiffs avoid settling for less than they deserve. This can preserve their financial security and ensure that they are adequately compensated for their injuries. In this way, lawsuit funding can have a lasting impact on plaintiffs’ financial well-being.

Facilitating Access to Legal Representation

High-quality legal representation can make a significant difference in the outcome of a personal injury case. However, retaining an attorney can be expensive, and many plaintiffs may struggle to afford the legal fees associated with their case. Personal injury lawsuit funding can be used to cover attorney fees, ensuring that plaintiffs have access to the legal representation they need to pursue their case effectively. This can improve the chances of a favorable outcome and increase the overall settlement amount. By facilitating access to legal representation, lawsuit funding supports plaintiffs in their pursuit of justice.

Flexibility in Use of Funds

Another benefit of personal injury lawsuit funding is the flexibility it offers in how the funds can be used. Unlike traditional loans, which may have restrictions on how the money can be spent, lawsuit funding can be used for any necessary expenses. This includes medical bills, living expenses, attorney fees, and other costs associated with the case. This flexibility allows plaintiffs to use the funds in the way that best supports their individual needs and circumstances. By providing the financial support needed to address a variety of expenses, lawsuit funding can help plaintiffs navigate the challenges of their case more effectively.

Enhancing Negotiating Power

When plaintiffs are financially stable, they have more negotiating power when it comes to settlement offers. Personal injury lawsuit funding provides the financial resources needed to withstand the pressure to settle quickly, allowing plaintiffs to negotiate from a position of strength. This can result in higher settlement amounts and more favorable terms. By enhancing plaintiffs’ negotiating power, lawsuit funding supports their efforts to achieve a fair and just resolution to their case. This can have a significant impact on the overall success of their legal strategy and financial recovery.

Improving Quality of Life

Dealing with the aftermath of a personal injury can be physically, emotionally, and financially draining. Personal injury lawsuit funding can alleviate some of the financial stress, allowing plaintiffs to focus on their recovery and well-being. This can improve their overall quality of life during a challenging time. By providing the financial support needed to cover everyday expenses and medical bills, lawsuit funding helps plaintiffs maintain a sense of stability and security. This can have positive effects on their mental and physical health, ultimately contributing to a better outcome in their case.

Reducing Financial Burden on Families

The financial impact of a personal injury can extend beyond the injured individual to their family members. Loved ones may be forced to take on additional financial responsibilities or provide financial support to the injured plaintiff. Personal injury lawsuit funding can reduce this financial burden on families by providing the necessary funds to cover expenses. This can relieve some of the pressure on family members and allow them to focus on providing emotional support rather than financial assistance. By reducing the financial burden on families, lawsuit funding supports the overall well-being of everyone affected by the injury.

Contact Fast Funds Today

Navigating the legal and financial challenges of a personal injury case can be overwhelming, but personal injury lawsuit funding provides a valuable solution. By offering immediate financial relief, leveling the playing field, and reducing the risk for plaintiffs, lawsuit funding empowers individuals to pursue justice without compromising their financial stability. It covers essential expenses, protects credit scores, and enables strategic decision-making, ultimately improving the chances of a favorable outcome. Fast Funds is committed to supporting plaintiffs in their pursuit of justice by providing the financial resources needed to sustain themselves throughout the legal process. If you are facing a personal injury case and need financial assistance, consider the benefits of lawsuit funding with Fast Funds. Secure your financial future and focus on your recovery with the support of our dedicated team. Contact Fast Funds today to learn more about how we can help you navigate the challenges of your personal injury case and achieve the best possible outcome.