Frequently, victims injured because of negligence settle quickly with the insurance company due to immediate financial issues. Pre-settlement funding helps you avoid this, as you have the funds to pay your bills and allow your attorney the time to fight for the full compensation you deserve in a personal injury lawsuit. Essentially, litigation funding is a cash advance against a pending settlement which is given to applicants who qualify. It is your money, why not have access to it now?
As long as you have a strong case it’s likely you will qualify for a Mayfield pre-settlement funding account. You may have been injured in a car or motorcycle accident, because of a dog bite or medical negligence, even due to a defective product or slip and fall accident. Any type of personal injury (injury caused by the negligence of another party) is grounds for litigation financing, as long as your case isn’t frivolous. Unlike other types of loans, qualifying is a quick and simple process that requires only information related to the accident that left you injured, and your injuries. Credit standing, employment status and other background information is a non-issue with pre-settlement funding.
Medical costs today continue to soar; you may be unable to continue working for the short- or long-term due to your injuries. It isn’t long before you have trouble meeting your financial obligations, including medical bills and normal household expenses. Pre-settlement funding allows those who qualify to get the money you need immediately, usually within 24 hours. In addition, you only repay the advance if you do in fact win your lawsuit, along with minimal fees and interest.
How do you repay the advance? There are no monthly payments to worry about. You will repay the litigation funding company at the time you receive your settlement, so there are no out-of-pocket expenses to make your financial situation even worse than it is. If for any reason you do not win your lawsuit and are not awarded a settlement, you owe absolutely nothing. It’s a no risk way to get the money you desperately need, now.
Pre-settlement funding gives you the money to pay your medical and household bills, and the financial resources to help your lawyer build a strong case on your behalf. Personal injury cases often take months to settle, or even longer. Through litigation funding, you can pay your bills and live without financial stress while your lawyer fights for the full compensation you are entitled to from those who caused your injuries.
Don’t live under pressure from your creditors or fear of bankruptcy, and don’t settle with the insurance company for a low-ball offer. Ask your attorney about the advantages of pre-settlement funding, and whether it may be a good option for you.