How Litigation Funding Benefits You When You Have Been Injured

Litigation funding is an option you may want to consider when you are the victim in a personal injury lawsuit and are short on money.  Pre-settlement funding is a method in which you can get the money you need for expenses immediately.

When you are injured due to the negligence of a third party, you often cannot work.  Because your income may come to a halt, you experience financial difficulties.  Obtaining a loan through traditional sources means adding another monthly expense, which you may not be able to afford.  Getting the funding you need through a litigation financing company may be a good solution.

With traditional bank loans, there is usually much red tape to contend with.  Background checks, employment history, collateral – it can be a very difficult and drawn out process.  Litigation funding allows you to get a cash advance against the money you expect to win in your lawsuit.  Additionally, there are no background or credit checks.  You simply have your attorney submit the documentation about your case, and learn if you qualify the same day.

When you are involved in a personal injury lawsuit, you may have many expenses that you simply do not have the money for.  Pre-settlement funding allows you to pay medical fees, household bills and other expenses without having an additional monthly payment to add to your stress.  This often means that litigants can pursue their lawsuit all the way to completion, without having to give in to the insurance companies who will haggle to pay you less than you really deserve.

Another important factor with litigation funding is the fact that if you do not win your case, you do not owe any money to the litigation financing company.  You only repay a previously determined amount in the event that you do win your settlement.  With no monthly payment or added worry of having to repay the money even if you do not win, your stress is greatly reduced so that you can focus on the details of your case.

Pre-settlement funding is a very attractive option when you want to get all of the money you deserve, but feel that financially you just cannot endure the process.  You can learn more about how litigation funding may be a viable solution for you by discussing it with your attorney, or getting more information online.