Pre-Settlement Funding – How Litigation Financing Benefits Injury Victims

Pre-settlement funding is a process that is often used by victims in a personal injury lawsuit.  To sum it up quickly, litigation financing helps plaintiffs involved in a claim get cash immediately, before the case actually settles.

While there are other instances where litigants opt for pre-settlement funding, being involved in a personal injury case is usually the circumstance.  If the plaintiff has been seriously injured and has no ability to work or earn money, they have no income or way to pay monthly household expenses.  What often happens is that the defendant or their insurance company drags the case out, in hopes that the plaintiff will decide to settle for less.

Plaintiffs are left in a very vulnerable position when they have to fight to win their full settlement, but are running out of funds.  This is where litigation financing comes in.  You can get the money you need within 24 hours, and you will not have the additional stress of worrying about yet another monthly bill.  These types of cash advances are not repaid until you win your settlement!  If you do not win, you pay no money back to the settlement funding company.

Most personal injury attorneys will take your case on a contingency basis, which means that they get paid when you get your money.  However, this often makes things very difficult because your attorney may not be able to cover expenses that are essential to get your case before a judge.  When you don’t have the money to take the party responsible for your injuries to court, what happens?  Unfortunately, the case is dropped and the defendant gets off scott-free, which happens all too often.

Pre-settlement funding is simply a way for the victim of a personal injury lawsuit to pursue their case and get the full compensation they justly deserve.  If the defendant in the case is a large company or corporation, you can be sure that their insurance company will delay the case, or try to get you to settle for less than you truly deserve.  They often know that if they drag things out and put the pressure on, the plaintiff will give in because they simply cannot afford to go on.

Getting the money you need is a simple, fast process.  Your attorney can contact a settlement funding company and provide them with the details of your case.  Within 24 hours, you will know if you merit an advance, and you will receive your money within that time period as well.  If you have been injured due to the negligence of a third party and don’t feel that you are financially stable enough to pursue justice, contact your attorney at once to discuss litigation financing.

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