Lawsuit Funding Helps Auto Accident Victims Avoid Debt

Every day, thousands of Americans are involved in automobile accidents which are the number one cause of personal injuries in the U.S. Insurance companies know that an auto accident can cause both physical and financial strain to the victim and their family and will use deny, delay, and defend tactics in hopes that the plaintiff will accept a low settlement offer. For those living paycheck to paycheck, any offer may be tempting to accept. If you are unwilling to take pennies on the dollar, but can't financially sustain, pre-settlement lawsuit funding may benefit you.

In automobile accident lawsuits the legal process can be very complex. The victim may be out of work due to injuries and need help paying ongoing medical expense or everyday living expenses, or paying down debt. Because plaintiffs won’t receive a settlement until the litigation process is completed, which could take months or years, pre-settlement funding may be a solution. Simply stated, litigation funding helps injured victims through difficult financial times while they await a fair shake from the legal system.
Since a financially desperate plaintiff is not a positive influence on settlement negotiations, it stands to reason that removing financial pressure to settle early, and for too little, will result in increased settlement proceeds for the plaintiff. The biggest mistake a plaintiff can make is to accept an initial offer from an insurance company because his/her economic circumstances require acceptance of a low-ball settlement offer. Lawsuit funding will prevent you from having to make that mistake.

Although often times referred to as a “lawsuit loan”, automobile lawsuit funding is not a loan. It is a pre-settlement cash advance against a pending suit. The purpose of the cash advance is to help plaintiffs with unexpected expenses as a result of an auto accident, as well as cover monthly household expenses. Unlike bank loans, auto accident lawsuit funding requires no application fee, no monthly payments, no credit check, and no employment verification. Best of all, litigation funding is on a non-recourse basis meaning that should the plaintiff lose his/her case, the cash advance is waived in its entirety; repayment is null and void if the plaintiff loses.

Are you struggling financially? Are the bills are piling up? Do you have no where to turn to avoid debt? Then, turn to a legal funding expert. Don’t let the fact that you are unemployed and the bills are becoming past due force you to settle for less than the compensation you deserve; don’t let it wreak havoc on your credit. These circumstances are why more and more attorneys and clients are turning to litigation funding.

If you have retained an attorney and filed a lawsuit; if your attorney has evaluated your case and it appears that the accident was not your fault; if you were injured and are missing work, you will probably qualify for lawsuit funding.