How Lawsuit Funding Can Help Victims Avoid Settling for Too Little

Accidents are never planned; often, they're unavoidable whether on the roadways, in the workplace, or on personal property. Thousands of people suffer from personal injuries each year--and while you might think a serious injury could never happen to you or someone you love, it can.

An injury caused by the negligence of another can have devastating, life changing, effects. Depending on the type and the severity of the injury, medical expenses may reach thousands of dollars or more, pain and suffering may last years, and some injuries put victims out of work, permanently. Pre-settlement funding can help a victim manage his basic financial commitments--mortgage payments, car payments, rent, groceries, education--while he's waiting for his lawsuit to settle. Too often, victims tend to think that their insurance will cover all their needs--but unfortunately, that isn't usually the case. When insurance checks fall short, a victim may feel pressured to settle a case prematurely--and for less than might otherwise be settled for if time were a luxury. Pre-settlement funding can help "buy" a victim some time by allowing funds to be available to the victim prior to a settlement.

Personal injury lawsuits are designed to help victims seek compensation for medical expenses, pain and suffering, long or short term disabilities, or wrongful death and may also seek redress for emotional or psychological injuries. Even when injuries are minor and/or temporary, a personal injury claim may have substantial value; in the more serious misconduct cases, a victim may seek punitive (punishment) damages.

If you are an injured victim due to someone else’s negligence, it is in your best interest to find an experienced attorney who can help determine your rights. Filing a personal injury lawsuit is not about greed; it is about justice and fair compensation for victims. A personal injury lawsuit may also assist in preventing such negligent conduct from being repeated. Often, these lawsuits take months, even years, to resolve. Unfortunately, while your attorney is building your case, your bills continue to arrive monthly. Life goes on and creditors must be paid, neither injury nor disability stops the bills from accruing. You may be struggling financially and feel forced to consider a settlement too early and for too little.

That's where lawsuit funding can help. Lawsuit funding is a service made available to accident victims. The goal of lawsuit funding is to help you take care of life's necessities--your mortgage, rent, food, car payments, medical expenses, etc.--to reduce the financial pressure you might feel that would lead you to settle your lawsuit too early--and for too little. A lawsuit cash advance is money you need now while you wait for your case to progress to settlement or verdict. It provides your attorney with a precious gift: the time he needs to get the job done and financial staying power for you, the client, to permit him/her to pursue a fair settlement for you and your family. There should be no upfront fees, monthly payments, credit checks, or employment verification. The cash advance is on a non-recourse basis; this means the funds are only repaid if, and when, the client wins the case. If the case is lost, repayment is excused.

Rather than let financial difficulties prevent you from waiting for the fairest result possible, lawsuit funding can be an option for some.