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How Do Car Accident Settlements Work?

auto accident lawsuit funding

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Car Accident Settlements – A Typical Personal Injury Lawsuit Type

Car accidents are a typical personal injury lawsuit type. They arise when one party is harmed by another through no fault of their own. Generally, car accident cases involve claims of physical, economic and other damages on behalf of the injured/harmed party. In this post, we explore how car accident settlements work.

Recognizing the Need to Protect Citizens

Society understands there are trade-offs with any human advancement. Accordingly, we protect individuals/entities from harm by recognizing certain causes of action to seek redress. Once such advancement is the use of motor vehicles for transportation. The trade-off is the possibility of harm due to another’s negligent behavior.

Car Accident Settlements

Understanding the possibility of harm is one thing. Another is protecting people from it. In the case of automobile injuries, there is enough data for insurers to assess the likelihood of loss. This creates the ability for drivers to insure against this possibility. Indeed, having automobile insurance coverage in place is mostly a pre-requisite for the lawful operation of motor vehicles throughout the United States. Virginia and New Hampshire are currently the only states which do not require car insurance.

Civil Justice System Aims

The civil justice system aims to place plaintiffs in the same position as they were prior to being “wronged” by a defendant(s). If this cannot be practically accomplished (like in the case of permanent personal injuries), then compensation comes in the form of money.

Car accident settlements begin when injured parties make claims for compensation. At-fault parties turn these claims to their insurers. Insurers investigate, process and if necessary, settle the matter for their policy holders.

Negligence is the legal framework from which car accident settlements naturally arise. In fact, car accidents are the ideal type of negligence lawsuit since liability is often easily established. Car accident settlements are based upon a legal claim for damages under the legal system – the very system which is designed to compensate victims under established negligence laws.

Car Accident Settlements – Initiating the Process

Initiating a claim that will eventually become a car accident settlement involves proving the at-fault driver was negligent. Negligence requires the plaintiff prove the defendant had a duty to exercise reasonable care, the defendant breached that duty, this breach caused the plaintiff’s injuries or damages, and that the plaintiff suffered actual harm as a result. These elements are crucial in establishing liability and seeking compensation in a car accident settlement.

So the first step is uncovering who is at fault. If the other party was negligent, the next step is finding out how the plaintiff was harmed. Most car accident settlements involve claims for personal injuries sustained as a result of the accident. Other personal injury damages include lost wages, medical costs, property damage and other out of pocket costs.

If there are damages, then the last requirement is uncovering who has the money available to compensate the plaintiff. In most car accident settlements, there is an insurance policy in place to pay for damages. The ability to pay damages is the final piece in the puzzle.

The Car Accident Settlement Process

The car accident settlement process involves multiple steps which are outlined below. These are typical of car accident settlement negotiations but some individual cases may not require all of the phases listed.

Gathering Evidence

The first phase of the process involves collecting evidence to support the claim. This may include photos of the accident scene, witness statements, police reports, medical records, and other relevant documentation.

Make a Demand

Most lawyers will compile a demand letter which sets forth the claim in detail. In it, plaintiffs outline the claim and the reasons why settlement is appropriate. Since settlements make sense for all parties, some insurers will entertain settlement and make a settlement offer prior to formal proceedings being initiated.

Formal Complaint and Service

If settlement offers are simply low-ball attempts to settle cheaply, plaintiffs initiate formal proceedings by drafting a complaint (also known as a petition or lawsuit) outlining the case and filing it with the appropriate court. The defendant must be formally served with the complaint and a summons, which informs them of the lawsuit and their obligation to respond.

Discovery

Both parties exchange information and gather evidence through the discovery process. This may include depositions, interrogatories (written questions), requests for documents, and possibly expert witness reports.

Negotiation

During the litigation phase but before going to trial, opportunities for settlement negotiations often arise.

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Settlement or Trial

When car accident settlement negotiations fail to yield a satisfactory offer, plaintiffs may choose to pursue justice at trial. This opens a whole other area of legal system delays plaintiffs must endure.

Even if a trial is successful and a jury renders a verdict in favor of a plaintiff, the post trial process still awaits. This can include:

  • Post-Trial Motions: After the verdict, either party may file post-trial motions. These motions can include:
    • Motion for Judgment Notwithstanding the Verdict (JNOV): This motion asks the court to overturn the jury’s verdict because there was insufficient evidence to support it or because the jury reached a decision that was contrary to the law.
    • Motion for a New Trial: This motion asks the court to order a new trial on the grounds that there were errors during the trial (such as improper jury instructions, misconduct by jurors or attorneys, or newly discovered evidence).
  • Entry of Judgment: If no post-trial motions are filed, or if they are denied by the court, the judge will enter a judgment based on the jury’s verdict. This judgment specifies the amount of damages awarded to the plaintiff if the defendant was found liable.
  • Appeals: Either party may appeal the judgment to a higher court if they believe that legal errors were made during the trial that affected the outcome. Appeals are typically heard by appellate courts, which review the trial record and legal arguments presented by both parties.

Car Accident Settlement Takeaways

As you can see, the car accident settlement process can be a long, drawn out affair. Many plaintiffs must wait many months or even years before receiving compensation. Legally entitled plaintiffs generally seek car accident settlements to avoid these delays. Sometimes delays are unavoidable, leaving many plaintiffs in financial trouble.

Auto Accident Settlement Funding is an Option

When this situation arises, car accident lawsuit loans can be a viable solution. Lawsuit loans are financial transactions that keep plaintiffs financially afloat while they pursue justice. Plaintiffs use lawsuit funding to pay for all types of expenses, such as:

  • Medical treatment and surgery loans
  • Living expenses
  • Housing
  • Transportation
  • Past debts
  • School tuition
  • and more . . .

Why Choose Fair Rate Funding

You obviously have a choice in who you use for legal funding. We offer:

  • Simple and Easy Process – Approval only on strength of your case.
  • Risk – Free Proposition – Only repay if you win your case.
  • Rapid Approval and Funding – Approvals often within 24 hrs.
  • Up Front Pricing – Absolutely no hidden fees.

Give us a call and learn about your options. We are here to help and are at your service.

Thank you for your interest in Fair Rate Funding.

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Understanding Auto Insurance Coverage

Auto insurance is a crucial financial safeguard for drivers, providing protection in the event of accidents, theft, or other unforeseen circumstances. However, not all auto insurance policies are created equal. There are various types of auto insurance policies designed to meet different needs and budgets. Understanding the different types of auto insurance coverage can offer you the ability to choose the coverage that best suits your needs.

Since car insurance accidents are the “bread and butter” of the lawsuit funding industry, we examine the most common types of auto insurance policies in this post. Of course, this is only a broad outline. You should consult a duly licensed insurance professional in your state for guidance in this area.

Liability Auto Insurance Coverage

Liability insurance is required by law in most states. It covers the cost of bodily injury and property damage that you are legally responsible for in an accident. There are two primary components of liability insurance:

Bodily Injury Liability (BI):

Auto Insurance Coverage

This part of the policy covers medical expenses, rehabilitation, and sometimes even legal fees for injuries caused to other people in an accident where you are at fault.

Property Damage Liability (PD):

Property damage coverage takes care of the damage you cause to someone else’s property, such as their vehicle or a building.

Collision Insurance:

This policy portion covers the cost of repairing or replacing your vehicle after a collision, regardless of who is at fault. It’s especially important if you have a newer or more valuable car. Keep in mind that this coverage often comes with a deductible, which is the amount you must pay out of pocket before the insurance kicks in.

Comprehensive Insurance

Comprehensive insurance provides coverage for damages to your vehicle that aren’t the result of a collision. This includes damage from theft, vandalism, fire, natural disasters, and hitting an animal. Like collision insurance, comprehensive coverage typically comes with a deductible.

Uninsured/Underinsured Motorist Coverage

Not everyone on the road carries adequate auto insurance coverage. Uninsured and underinsured motorist coverage protects you if you’re involved in an accident with a driver who doesn’t have insurance or doesn’t have enough coverage to pay for your damages and injuries. This type of insurance can be very important since it benefits the policy holders themselves.

Medical Payments (MedPay) or Personal Injury Protection (PIP)

MedPay and PIP cover medical expenses for you and your passengers, regardless of who is at fault in an accident. PIP is more comprehensive and may also cover lost wages and other related expenses. PIP coverage is mainly seen in “no-fault” insurance coverage states. These include New York, New Jersey, Florida, Massachusetts and more.

If You Have Any Questions, Call 888-964-2224

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Gap Insurance

If you’re financing or leasing your vehicle, gap insurance is an option. It covers the “gap” between your car’s actual cash value and the amount you still owe on your loan or lease in case of a total loss, such as theft or a severe accident.

Rental Reimbursement Auto Insurance Coverage

Rental reimbursement auto insurance coverage pays for a rental car if your vehicle is being repaired due to a covered loss. This can be a significant benefit to ensure you have transportation while your car is in the shop.

Towing and Labor Coverage

This auto insurance coverage reimburses you for towing expenses and labor costs associated with a covered breakdown. It’s particularly helpful if your car breaks down far from home.

Classic Car Insurance

If you own a classic or vintage vehicle, standard auto insurance might not provide adequate coverage. Classic car insurance policies are tailored to the unique needs of these vehicles, taking into account their value and rarity.

Auto Insurance and Lawsuit Loans

As we stated in the introduction, car accident lawsuit loans make up the majority of lawsuit funding business. Since plaintiffs are compensated from another’s negligence, the at-fault driver’s insurance coverages are of the utmost importance to lawsuit funding applicants.

Bodily injury (BI) coverage can set a limit on the maximum amount of lawsuit funding available. Consider the 10% rule most funders apply to an applicant’s request. This means that, as a general rule of thumb, most lawsuit lenders will only advance 10% of what the case’s expected settlement value. Unfortunately, a million dollar injury might only be compensated at the level of a defendant’s BI coverage limits.

Auto Insurance Coverage Takeaways

Choosing the right auto insurance policy involves considering your specific needs, budget, and the level of protection you want for yourself and your vehicle. It’s essential to review your options, compare quotes from different insurers, and consult with an insurance agent to find the policy that suits you best. Remember that state requirements for minimum coverage vary, so make sure to meet your state’s legal requirements while also ensuring you have adequate protection for your unique situation.

For more information about lawsuit loans, you can browse our posts or simply give us a call. We are here to answer all of your questions about the types of auto insurance coverages and how they can affect your lawsuit loan application.

Thank you for your interest in auto insurance coverage.

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Lawsuit settlement funding companies field hundreds of questions each day.  One frequent question asked by plaintiffs is “Why do lawsuits take so long to finally a settlement?”

lawsuit-settlement-funding
lawsuit-settlement-funding

Of course, there may be many reasons.  One major reason relates to the complexity of litigating a personal injury lawsuit.  Indeed, both plaintiffs and defendants must jump through many “hoops” in order to prove or defend a lawsuit.

Lawyers attempt to represent the best interests of their clients and navigate the applicable laws and rules in order to protect them. They know what the procedures are and follow the rules to move things along as quickly as possible.  Without attorneys, plaintiffs would be lost in a sea of rules and regulations, much of which they could not possibly understand without proper training.

Typically, lawyers meet with their clients, then communicate with the other side’s attorney. After investigation, the lawyer and client will decide what course of action to take – one of which is whether to file a formal complaint or to try to settle without going through the court system.

If the plaintiff decides to file a complaint, the fun has just begun.  In most civil actions, such as personal injury cases, court rules call for the parties to exchange pertinent information about the case.  This is the part of the lawsuit known as “discovery” and could take years to complete depending on the type of case, length of treatment, etc.

In some personal injury cases, a judge sets forth a schedule of deadlines. Each one represents an important step that must be followed. Most of the time, these dates are anywhere from 30 to 60 to 90 days apart. During the process, both parties answer written questions asked by the other side called interrogatories. They must be answered truthfully and by a deadline. After that, lawyers are allowed to talk to witnesses for the other side, but only with the other attorney present. These sessions are called depositions and they are often delayed due to the scheduling conflicts of attorneys, clients, and/or expert witnesses.

Sometimes lawyers disagree about different procedures they must follow.  This can result in another delay because matter must be presented to a judge for a decision. In some jurisdictions, it could delay the proceedings several months just to present the specific issue to the court.

Once discovery is complete and as the trial date approaches, the parties attend a special meeting called a pre-trial conference.  The purpose of this meeting is to map out a how things will proceed. Many final issues as to the admissibility of evidence for example, are decided at this time.

Afterwards, the trial ensues and will most likely take a least a week to decide.  Then post trial motions are heard and  depending on the circumstances, an appeal may be heard, since both parties have the right to appeal.

Even when all of these steps are concluded, there is a certain amount of time that must pass before plaintiffs receive their money. Sometimes the recovery is paid in a lump sum. Other times, it is structure to be paid in installments.

Lawsuit Settlement Funding Bridges the Gap

With all of the intricacies of litigating lawsuits, it is no wonder why settlements take more time than one would expect.  One question naturally arises from this process:  What are litigants to do if they encounter financial difficulties while the case progresses?

Plaintiffs often find other means of financial support.  One such solution is lawsuit settlement funding.

Lawsuit settlement funding is a financial transaction where a plaintiff sells a portion of the future proceeds of his/her lawsuit in exchange for cash now.  When the case is settled or otherwise successfully resolved, the lawsuit settlement funding is repaid to the funding company.

Lawsuit settlement funding should not be confused with a loan, although sometimes lawsuit settlement funding is referred to as “lawsuit loans” or “settlement loans”.  The term “loan” implies that the money must be repaid at some point in the future.

Alternatively, the lawsuit cash advance (lawsuit settlement funding) is non-recourse, which means that if for ANY reason the lawsuit is not successful, the lawsuit settlement funding is not repaid.

Clearly, lawsuits can take time.  When plaintiffs need lawsuit settlement funding to meet financial obligations, Fair Rate Funding is there to help. When you qualify for a settlement loan, we provide you with money. After the trial is over, or if the case settles during the litigation process, the money is repaid.  There are absolutely no up front costs to pay and no restrictions on the money’s use.

Thank you for your interest in the lawsuit settlement funding business.

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Lawsuit Funding for Auto Accidents Could be Your Financial Solution

auto accident lawsuit funding

Have you ever been driving and looked in your rear view mirror in fear that the person behind you might hit you from behind?

Don’t worry it is a common fear to have considering in the U.S. rear end collision is the most frequent type of auto accident. Rear end auto accidents happen more than 2 million times a year. This is also why lawsuit funding for auto accidents is so common as well.

Auto Accident Lawsuit Funding to the Rescue

Rear end accidents are normally due to the driver in the vehicle behind not paying attention. People do the most unthinkable things while driving because they are careless and it is assumable that they are not thinking about how they are operating a dangerous piece of machinery. He or she may be texting a friend, talking on a phone, eating, acting aggressively, reading the newspaper, painting their nails, or taking part in any number of distractive activities while driving. Because of these distractions most commonly, the car behind is at fault when a rear end crash takes place.

When a rear end accident occurs, the vehicle behind is often traveling much faster than the vehicle in front. By being distracted the car behind may not realize that the car in front of them has slowed down or even come to a complete stop. The force the vehicle behind delivers on impact causes the occupants in the vehicle in front to be thrown against the rear of their seats. As that force loses its impact, the vehicle’s occupants are thrown forward, held into their seats by their seat-belts. The suddenness of the incident leaves the occupants of the car in front with no time to take action to prevent their bodies from being traumatized and as a result serious personal injuries could take place. Injuries include whiplash, back and spinal injuries and even concussion. Most of these injuries require a long recovery time for victims as well as hospital treatment time that may cause them to have to take off work to ensure recovery takes place.

The victims in these cases may be seeking lawsuit funding for auto accidents and in most states it is a legal entitlement for an accident victim to file a lawsuit against the person who caused the injuries.

The financial cost of an accident is normally paid by the insurer of the person at fault.  Due to this process taking a significant amount of time to work out between the victim’s attorney and the at fault driver’s insurer, medical expenses may add up. Wages of the victim will have to be forfeited until the compensation claim has been finalized.

This is when lawsuit funding for auto accidents can be arranged.  Settlement loans, also known as settlement funding is a contract between a plaintiff in a lawsuit and a “lender” who will provide cash immediately to the client, often within 24 hours. The attorney handling the case will deposit the contract as a lien against any settlement made. The lawsuit funding for auto accidents is now a loan, which will be paid back when a satisfactory settlement has been made.

In Los Angeles a young man was stopped at a red light at an intersection. He was hit from behind by another vehicle and he received back injuries and neck strain which required a 6 month recovery period. His medical expenses amounted to $ 15,550. For this particular injury, a “pain and suffering” component was worked out as being five times the medical expenses, which came to around $77,750. There was also lost wages to calculate. 

This victim had to spend 6 months off work and was being paid $30 an hour so the lost wages is calculated as the amount lost over the entire 6 month period or a total of $28,800. The total claim was $122,050 but after negotiations with the insurer the final amount came to $118,000. This was after an out of court settlement but it took more than two years to finalize to ensure that the medical effects were accounted for.

During this time debts may well have been incurred by the victim but this doesn’t have to happen if the victim takes advantage of lawsuit funding for auto accidents opportunities. Lawsuit funding can stop him or her from facing the embarrassment of being in debt.

Fair Rate Funding specializes in lawsuit funding for persons injured in automobile accidents.  Auto accident lawsuit funding can help litigants pay for living expenses prior to settlement.  The money can be used at the client’s discretion as there are no limitations on the use of the funds.  The deal is structured as a purchase of a portion of the future settlement.  As such, lawsuit funding for automobile accidents, slip and fall cases, medical malpractice lawsuits and many others are considered “non-recourse”.  Non recourse essentially means that if the case is unsuccessful, in other words, the case is lost or a settlement is not reached, the lawsuit funding arrangement is not repaid and the lawsuit funding company has “no recourse” against the plaintiff for repayment of the advance.

Thank you for your interest in the lawsuit funding business.

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A popular Bourbon Street night club is named as a defendant in a slip and fall lawsuit filed by a patron of the bar.

Lawsuit-Funding-in-Louisiana
Lawsuit-Funding-in-Louisiana

Tammy Kirk filed a civil lawsuit against The Beach on Bourbon, a hot-spot of the New Orleans’ Bourbon Street nightlife scene, after slipping on an unidentified substance at the night club located at 227 Bourbon Street. The filing names The Beach on Bourbon, its owners JTMC Enterprises LLC and 227 Bourbon Street LLC, as well as their respective liability insurance providers as defendants in the slip and fall lawsuit.

According to claims made in Kirk’s lawsuit, she visited the night on club on the evening of October 19th, 2013. While walking around the bar, Kirk stepped and slipped on a spilled liquid and fell to the floor, sustaining serious injury to her person. The liquid in question is not identified in the Kirk’s suit, but her claim alleges negligence against the establishment by allowing dangerous conditions to exist on the premises and for exposing patrons to said conditions.

Kirk sought the legal counsel of attorneys Anthony D. Irpino and Bobby G. Hawkins to help fight her case. The suit, filed in Orleans Parish Civil District Court on September 9th, accuses The Beach on Bourbon and its owners of allowing the existence of hazardous conditions, failing to protect guests against hazardous conditions, failing to warn guests of existent dangers, inappropriate or inadequate supervision of the property, and incorrectly and inadequately securing the property.

Kirk is pursuing damages for physical and mental pain and suffering, medical expenses stemming from her injury, loss of enjoyment of life, inability to earn a full income, and for numerous disabilities.

The case has been assigned to Div. A Judge Tiffany G. Chase. No trial date has yet been set for the proceeding, though plaintiffs can spend from several months to several years waiting for their case to be heard. During this waiting period, many plaintiffs experience significant financial hardship as medical and daily living expenses begin to grow.

Plaintiffs often feel pressured to seek early settlements as a way to ease the burden of an extended proceeding. As a result, these plaintiffs do not realize the full compensation they are entitled to by law.

Lawsuit Funding in Louisiana Levels the Playing Field

For these plaintiffs, lawsuit funding in Louisiana and in other states can be just the remedy they were looking for because lawsuit funding can sure up finances and stave off the need to accept and early settlement. Lawsuit funding provides a cash advance for plaintiffs in slip and fall suits to help them through the financial hardships of an extended court battle.

Lawsuit funding in Louisiana is not a traditional loan, so considerations like credit or employment history are not a factor. The only concern for a lawsuit funding lender is the strength of a case.

Securing lawsuit funding in Louisiana or elsewhere requires no upfront fees and the money provided can be accessed in as little as 24-hours. And unlike traditional loans, the borrower of a lawsuit funding cash advance is not required to make any payments until a judgment is rendered or settlement reached. In the event that a plaintiff loses their suit, they are not required repay any of the loan amount.

For plaintiffs involved in a slip and fall lawsuit who are feeling the pressure to settle their cases early, securing lawsuit funding could help you resist the urge to accept a lower offer and hold-out for a more substantial settlement. Don’t let a business or corporation deny your right to fair compensation with legal maneuvering. Fight back with lawsuit funding from Fair Rate Funding.

https://louisianarecord.com/news/264315-popular-bourbon-street-nightclub-sued-by-woman-allegedly-injured-in-slip-and-fall

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A FedEx truck driver has filed suit against the city of Memphis and its former Police Chief after an auto accident on June 23rd.

Auto Accident Settlement Funding
Auto Accident Settlement Funding

The civil action lawsuit, filed in Macomb County Circuit Court, stems from a two-car accident which left both vehicles totaled and left the FedEx truck driver, Sean Wood, seriously injured.

Former Police Chief, Beels Koveck, was driving a city police vehicle at the time of the accident. According to police reports, Koveck ran a stop sign on a gravel road and slammed into the side of Wood’s FedEx truck, sending the struck vehicle careening into a nearby ditch. Despite being found at fault, Koveck did not receive a citation from Michigan State Police who responded to the accident.

Woods suffered significant injury in the crash, requiring extensive corrective surgery to his ALS. Woods has been unable to return to work following the accident owing to his injury. Woods is seeking damages for pain and suffering, medical expenses, legal fees, and for lost wages.

“She admitted she ran the stop sign and witnesses state it was at a high rate of speed with no attempt to stop” said Christian P. Collis, Woods’ attorney, “So I don’t think it will be hard to show… gross negligence.”

Auto Accident Settlement Funding Helps Plaintiffs With Cash Now

That being said, Woods still has a long and difficult court battle ahead of him. Filing a lawsuit against a public official can result in a protracted and messy proceeding. As the case drags on, Woods’ medical cost fees will begin to mount, putting increasing pressure on him to accept an early ‘low ball’ offer as final settlement.

Settlement funding from Fair Rate Funding could help someone in Wood’s position endure the financial hardships of an extended legal battle. Auto accident settlement funding is a non-recourse cash advance available to plaintiffs in a variety of civil suit proceedings, including automobile accident suits. Settlement funding provides money in anticipation of a successful settlement of judgment; money that can be used to pay medical expenses, to compensate for lost wages, or for any expenditure the applicant decides. And if the borrower fails to win their case, the funds do not have to be paid back.

Unlike traditional loans, Auto accident settlement funding is awarded based on the strength of your suit, not your credit or employment history. The funds can be made available as little as 24 hours and there are no upfront fees associated with securing settlement funding. You don’t pay until you win your case. And if you don’t win, you are not required to repay anything.

If you or someone you know is going through the long and costly process of fighting for a fair settlement in an automobile accident lawsuit, consider obtaining Auto accident settlement funding. It can give you the financial flexibility to keep up your fight without feeling the pressure to settle for less than you deserve.

https://www.voicenews.com/articles/2014/10/28/news/doc544abba1dbda3657486895.txt

 

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A woman died in a motorcycle accident recently on Interstate 84. The victim was riding as a pillion passenger on a motorcycle on the eastbound lane in West Hartford, Connecticut.

The motorcycle came to an abrupt stop and crashed into a car in front. The motorcycle fell onto its side, throwing the driver and its passenger onto the road. The woman was then struck by another vehicle. The driver of the motorcycle and his passenger were taken to St. Francis Hospital where the passenger died, police reported.Settlement-Funding

Motorcycle accidents are some of the most horrific on our highways as motorcycle riders have little protection when they come into contact with either the ground or another motorized vehicle. In cars and trucks, including those equipped with airbags, accident victims have some protection which may prevent serious injury or death.

The cause of this accident has yet to be determined. Most likely, the passenger was not at fault. Her family members may pursue a wrongful death lawsuit to compensate for economic loss and loss of consortium and/or companionship.

Wrongful death lawsuits take time, sometimes even years. Meanwhile, plaintiffs may find themselves in need of financial support while they wait for the lawsuit to finally reach settlement. Monthly and other expenses cannot wait. Many litigants, especially those who lost a major household earner due to an accident, need an influx of cash to bridge the gap between the filing of the lawsuit and its ultimate conclusion.

Lawsuit Settlement Funding Helps Clients in Financial Distress

Settlement funding, sometimes referred to as ‘lawsuit loans’, ‘settlement loans’, or ‘lawsuit funding’, helps plaintiffs in their time of need by providing immediate cash to help litigants survive financially. In return, plaintiffs pledge a portion of the proceeds of the lawsuit, if any.

Anyone who has a pending or settled lawsuit, and is represented by an attorney can apply for settlement funding. Wrongful death lawsuits which are eligible for settlement funding must have an attorney retained on a contingency fee arrangement. That is, the attorney only earns a fee if the case is successful.

Likewise, lawsuit settlement funding proceeds are not repaid unless there is a successful recovery. As such, lawsuit loan contracts are deemed ‘non-recourse’ funding and are a risk free proposition for litigants.

There are no credit checks, no upfront costs and absolutely no restrictions on the use of the lawsuit cash advance.

Because of these reasons, and the risk free nature of settlement funding transactions, more and more plaintiffs are turning to settlement loans to solve their financial instability.

Source: https://foxct.com/2014/08/15/woman-dies-after-motorcycle-accident-on-i-84/

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