How Will You Pay The Bills While Waiting (Years) For Your Personal Injury Case To Settle?
One of the biggest problems people face after filing a personal injury lawsuit is surviving financially until the case is settled. The injury occurred in a moment, but the after-effects linger. Whatever the injury, the commonality of accidental injuries is a lack of enough money after the accident to cover not only everyday expenses, but extra expenses that become necessary in the aftermath of the accident.
How Long Does it Take to Settle A Personal Injury Lawsuit?
It's possible that the lawsuit could settle in a few months, but most cases are lengthy, continuing for 2-3 years or longer. If the case is complicated, involves a number of defendants and the damages are substantial, this tends to extend the time needed for settlement. Most cases do settle without going in front of a judge or jury, but that doesn't mean that they settle quickly.
The Need for Pre-settlement Funding
Pre-settlement funding provides a way for an accident victim to receive an advance for a portion of the anticipated settlement while the lawsuit is progressing. This means that the victim and family will be able to keep the home from foreclosure, pay utility bills and maintain an acceptable quality of life. They are already under a tremendous level of stress. Dealing with severe financial problems caused by lost wages and medical bills while also dealing with all of the medical issues can have serious consequences for the entire family.
What is Pre-settlement Funding?
Most cases that involved an accident caused by the negligence of someone else are eligible to receive money for lawsuits. Pre-settlement funding is not generally considered a loan (except in Illinois). If the victim has an attorney and has a lawsuit filed, pre-settlement funding provides quick cash when it's needed the most. If no settlement is ultimately awarded, the money does not have to be repaid. Otherwise, the advance and a monthly usage fee is paid back from the settlement. Recipients can use the funds however they need to.
If you're in accident lawsuit limbo, call Money for Lawsuits to receive a free, no obligation evaluation of your case and find out how much money you could receive now. If the case is lost, nothing needs to be paid back. Learn more about pre-settlement funding at http://moneyforlawsuits.com/.
