Litigation Funding Allows You to Seek Justice for Your Injuries

Although many victims of injuries caused by negligence are unaware of the fact, litigation funding is an option to help you seek justice if you don’t have the finances to file a claim.  Pre-Settlement funding loans may be the answer to your prayers if you are unable to work because of your injuries, or simply aren’t financially able.

Due to the state of the current economy, many people really don’t have the money to file a lawsuit although they truly deserve justice.  Many are on the verge of bankruptcy, and others aren’t far behind.  When your finances don’t justify you filing a claim but you have suffered financial and other losses due to the negligence of another person or company, litigation funding is an option worth looking in to.

Settlement loans are offered by many companies, but most work basically the same way.  The plaintiff or in some instances the chosen attorney will submit documentation and other information about the case for the litigation funding company to study.  This is usually accomplished in just a couple of days.  At this point, the company will inform you or your attorney if your claim merits an advance.

Often, people mistakenly believe that pre-settlement funding is a loan.  Although some terms do make it sound as if this is the case, it actually is not.  With settlement loans, the plaintiff only repays a pre-determined amount in the event that they win their lawsuit.  If they do not, no money is to be repaid to the litigation funding company.

Civil cases often stretch out over long time periods.  They can go on for months, even years.  Most people just don’t have the money to sustain themselves through prolonged periods like this, especially if unable to work because of their injuries.  Pre-settlement funding can help you with monthly household bills, medical costs, attorney fees and repair bills if your automobile was damaged in an accident.

Settlement loans can also be beneficial to your attorney.  It takes money to be able to thoroughly investigate a claim, from documentation and obtaining witnesses to examining every aspect of the case.  Sometimes experts must be called to court.  All of this costs money, and litigation funding can help your attorney form a very solid case.

When you have grounds to file a lawsuit but don’t feel that your financial situation can support it, consider talking with your lawyer about pre-settlement funding.  Depending on your situation, this may be a way for you to seek the compensation and justice you deserve for your injuries, as well as pain and suffering.  Settlement loans offer an option to those who otherwise don’t have the financial means to pursue rewards for the negligence of others.

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