Have you been seriously injured in an accident? You may have heard the term pre-settlement funding, but are not quite sure what that means or how it works. Lawsuit loans are simply an option for people who need financial assistance while waiting for their claim to settle.
When you have been injured in a car accident, slip and fall, workplace or other accident caused by someone else, insurance companies often try to get you to settle for less than you deserve. Many times, when litigants don’t have the money to pay household bills, medical costs and other expenses, they simply cannot afford to prolong the case, and end up settling. Pre-settlement funding companies can help you avoid this, so that you can live comfortably until your claim settles.
Lawsuit loans are not “loans” per se, but more of a cash advance. This amount is usually determined by the assumed outcome of your case. Documentation and any paperwork necessary for the litigation financing company will be sent by your attorney to the funding company. They will then study the facts of your claim to determine if you are eligible for an advance.
Once it has been decided that you do qualify, the litigation financing company will fax papers to your attorney for both your signature and his. You learn if you qualify the same day, and if so your money is available the very next day. If you have questions, you can call the funding company with any concerns you may have before applying for financial assistance.
What can you do with the money you obtain through pre-settlement funding? Pay household bills, medical fees, repairs for your automobile if it was damaged in the accident, etc. This is money to help you live your life normally without the financial stress of getting behind on your obligations while trying to pursue compensation for your injuries. This way, you don’t have to settle with the insurance companies for less than you deserve.
When you are injured in an accident, don’t feel that you can’t pursue what you rightly deserve! Lawsuit loans are designed especially for people who want to file a claim in order to be fully compensated for their injuries, but feel that their financial situation won’t allow them to. Pre-settlement funding may be just the solution to your dilemma! Talk to your attorney today about the best options for you.
Friday, June 26, 2009
Addison Pre-Settlement Funding Blog
Litigation Financing & Pre-Settlement Funding Reduce Financial Stress
If you are considering filing a claim for injuries you have suffered but feel that you don't have the financial means, litigation financing companies may be the solution. By obtaining a lawsuit loan, you can continue with your claim without worrying about paying your bills and other expenses.
Pre-settlement funding is an option for people who have financial problems that may prevent them from getting fairly compensated when they have been injured. Personal injury cases are the most common types of litigation financing. Many times, people are injured and cannot work which puts an additional financial strain on them. At this point, many feel that they simply cannot afford to pursue justice because the bills and other obligations will continue to mount.
Lawsuit loans are not actually loans; they are more of a cash advance. The money you get is advanced on the presumption that you will win your settlement. In the event that you do not win, you owe nothing to the litigation financing company. Unlike bank loans, there is no credit check, previous employment history or other red tape to muddle through.
Pre-settlement funding is a very simple process. You simply speak with your attorney to decide the best course of action to take. If it is determined that seeking funding is the right choice for you, your attorney will contact the funding company. He will submit all necessary documentation about your case for review. Once reviewed, you will be notified the same business day on whether you qualify for a lawsuit loan.
If you do qualify, you as well as your attorney will sign the necessary paperwork and fax to the litigation financing company. At this point, you will have your money the next day. This cash advance can be used for ordinary household expenses and bills, medical costs, attorney fees and more. It is definitely a good way to pursue the compensation you deserve and avoid additional financial worries while doing so.
There are many obstacles that will attempt to get in the way of you seeking full justice. Insurance companies will try to settle quickly and get you to take less than you would like. If the defendant in the case is a large corporation, they will spare no expense in trying to prolong the case for as long as possible, in the hopes that you will settle for less.
Cases like these are the exact reason that pre-settlement funding is such an attractive option for many plaintiffs in personal injury cases. If you believe that contacting a litigation financing company would be beneficial to you, contact your attorney at once! He can discuss the possibility of obtaining a lawsuit loan with you.
If you are considering filing a claim for injuries you have suffered but feel that you don't have the financial means, litigation financing companies may be the solution. By obtaining a lawsuit loan, you can continue with your claim without worrying about paying your bills and other expenses.
Pre-settlement funding is an option for people who have financial problems that may prevent them from getting fairly compensated when they have been injured. Personal injury cases are the most common types of litigation financing. Many times, people are injured and cannot work which puts an additional financial strain on them. At this point, many feel that they simply cannot afford to pursue justice because the bills and other obligations will continue to mount.
Lawsuit loans are not actually loans; they are more of a cash advance. The money you get is advanced on the presumption that you will win your settlement. In the event that you do not win, you owe nothing to the litigation financing company. Unlike bank loans, there is no credit check, previous employment history or other red tape to muddle through.
Pre-settlement funding is a very simple process. You simply speak with your attorney to decide the best course of action to take. If it is determined that seeking funding is the right choice for you, your attorney will contact the funding company. He will submit all necessary documentation about your case for review. Once reviewed, you will be notified the same business day on whether you qualify for a lawsuit loan.
If you do qualify, you as well as your attorney will sign the necessary paperwork and fax to the litigation financing company. At this point, you will have your money the next day. This cash advance can be used for ordinary household expenses and bills, medical costs, attorney fees and more. It is definitely a good way to pursue the compensation you deserve and avoid additional financial worries while doing so.
There are many obstacles that will attempt to get in the way of you seeking full justice. Insurance companies will try to settle quickly and get you to take less than you would like. If the defendant in the case is a large corporation, they will spare no expense in trying to prolong the case for as long as possible, in the hopes that you will settle for less.
Cases like these are the exact reason that pre-settlement funding is such an attractive option for many plaintiffs in personal injury cases. If you believe that contacting a litigation financing company would be beneficial to you, contact your attorney at once! He can discuss the possibility of obtaining a lawsuit loan with you.
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