You often hear it said that you should contact a lawyer as soon as possible if you're the victim of a personal injury accident. Unfortunately, not all lawyers work on a contingency basis. Besides, you likely need funds immediately. For these reasons and many more, you should consider a lawsuit loan:
Dealing with the Realities
The reality is that if you're injured and cannot work, then you will need funds to get through your day-to-day life. Some people receive pay from their jobs for a little while. Some people have some money saved up for an emergency. But not everybody can weather such a storm without help.
Even if you contact a lawyer and he or she tells you that you have an airtight case, there's no guarantee you'll see money any time soon. Landlords and bill collectors aren't huge fans of waiting for your settlement to come through. These are the realities that real people have to deal with when they find themselves in an accident.
What You Can Do About the Realities
You actually have a few options available to you if you find yourself in such a situation. Many law firms advertise giving you money for your guaranteed settlement. That kind of lending falls under the term "post-settlement funding." What many people don't know is there are lawsuit loans that are also known as pre-settlement funds. These can work in a few ways.
- A loan to get a personal injury case started
- Advances to pay a lawyer to take your possible case
- Advances to pay bills and expenses
Notice that these loans are all about paying for the things you need so that you even pursue a claim. Some lawsuit loans require a lawyer to participate. In most cases, all they really need to know is that you have the possibility of a case ahead of you.
These are specialized services. They exist to assist you financially when you have a possible case. To put that in perspective, most banks, credit unions, and other lending institutions won't forward funds for a lawsuit. Especially not if the only repayment promise they have depends on a settlement at some vague point in the future.
Much like the post-settlement services, many lawsuit-funding services also work on a contingency basis. In addition, the terms of the advance are almost always negotiable. In the end, you will have the ability to,
- Weather the storm
- Comfortably wait for your case to get going
- Hold out for a better settlement
Speak to a professional lawsuit loan service about your accident. It costs you nothing to check and see if you qualify.
