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Pre-Settlement Funding for Traumatic Brain Injury Cases

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While the proceeds from a lawsuit can cover a plaintiff’s medical expenses after a traumatic brain injury, the personal injury lawsuit can take years to settle. During this time, the injured plaintiff is usually seeking ongoing medical treatment and is unable to work either temporarily or permanently. When a plaintiff is unable to pay even basic living expenses, pre-settlement funding can prevent an early settlement. This situation is all too familiar for Marilyn and Bob Smith.

When Marilyn Smith suffered a traumatic head injury in an auto accident, Bob quit his job to take care of her. Due to the lack of income, the medical bills were piling up and the couple was at risk of losing their home. The insurance company offered $250,000 to settle, but their attorney felt the case was worth close to $1 million. Unfortunately, he estimated another six months before a settlement could be reached. At their attorney’s suggestion, the couple applied for pre-settlement funding. They were approved for an initial cash advance of $1,500, plus an additional $2,500 from two subsequent advances. Pre-settlement funding permitted this couple to await a fair settlement. The case resolved six months later for $950,000.

Traumatic brain injury lawsuits often take years to settle. Depending on the severity of the injuries, victims can be left with medical bills totaling hundreds of thousands of dollars. Like the Smith’s, innocent victims may not have the income or savings to stay financially afloat until case resolution. When the bills mount, pre-settlement funding may bring much-needed relief. A pre-settlement cash advance for traumatic brain injury victims can reduce the financial pressures that may motivate some plaintiffs to accept a low settlement offer. It also allows the plaintiff’s attorney time to negotiate the best settlement possible. With a cash advance from a legal funding company, financially strapped plaintiffs can cover expenses related to their medical treatment, as well as daily living expenses so they can focus on recovering from their injuries without the stress of worrying about how the bills will be paid.

All that is required to receive pre-settlement funding is a completed one-page application and a case with merit. The funding company will review case records from the plaintiff’s attorney, 10 pages or less, and if approved, funds can be available within 24-48 hours. Unlike a bank loan, there are no credit checks, employment history verification or monthly fees associated with pre-settlement funding. Best of all, funding is provided on a non-recourse basis, meaning that if for some reason the case fails and no money is collected, the lawsuit finance company will completely excuse the obligation.

You shouldn’t have to wait or settle for less than you deserve. Pre-settlement funding can be a valuable asset for you.


Disclaimer: This article is a paid advertisement prepared by Lawsuit Financial Corp. and does not constitute legal or financial advice from Online Legal Media or LawyersandSettlements.com.

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