Benefits of a Personal Injury Lawsuit Loan
If you are in the midst of a personal injury lawsuit, you know how frustrating it can be to wait to receive a settlement or jury-awarded compensation. Added to regular financial pressures are medical expenses, legal fees, and other costs associated with a personal injury. For some, the threat of bankruptcy or foreclosure becomes all too real. That’s why lawsuit settlement loans are becoming increasingly popular as a way of bridging the gap between court case and financial payout. A pre settlement loan is not really a loan in the traditional sense; instead, it is more of a cash advance on your future lawsuit settlement. If you take advantage of legal funding, there is no risk to you—if you do not win your case, you do not have to pay the money back. Because lawsuit loans are not typical loans, we do not require a credit check or employment verification to approve you.
Lawsuit settlement loans
Many different kinds of lawsuits are eligible for litigation loans. Traffic accidents are one of the most frequent causes of personal injury claims. There are millions of car accidents every year which require treatment in an emergency room, and injured parties who lose earnings or quality of life may be entitled to damages. Truck accidents can also cause catastrophic injuries, and are often the responsibility of the company who owns the vehicle and employs the driver.
Pedestrian injuries are increasingly common, as urban and suburban populations grow. In the U.S., a pedestrian is injured every four minutes in a traffic accident. In 2007, nearly five thousand pedestrians were killed as a result of traffic accidents. Some of these individuals’ families qualified for a wrongful death lawsuit, in which survivors of loved ones whose deaths were caused by the negligence of others can claim compensation for their loss.
The construction industry regularly defends itself against personal injury lawsuits. From 2006 to 2007, there were nearly 30,000 injury claims made against the construction industry, with $549.5 million paid out in damages to cover lost wages, medical bills, pain and suffering.
Medical malpractice accounts for 225,000 documented deaths each year in the US – and the actual number is probably far greater than that. Pharmaceutical firms and hospitals may be liable for injuries resulting from medical negligence.
Premises liability, in which damages are paid to an individual injured on someone else’s property, is another common form of litigation which may require a personal injury lawsuit loan.
A personal injury lawsuit loan can help
The difficulty with entering litigation is the amount of time it can take to complete. Months, perhaps years, may pass between the accident taking place and monetary compensation reaching the victim. Plaintiffs can become financially drained as they struggle to support themselves during the legal process.
Lawsuit settlement loans can help cover lost wages and mounting medical bills. Contact LawStreet Capital Funding if you are looking for a pre settlement loan to help you bridge the gap between a lawsuit and a payout. We can offer you a risk-free personal injury lawsuit loan, which means you are not required to pay anything back should you lose your case. We offer 24-hour approval for your settlement loan, and once you are approved, we will overnight your cash to you. Get the money you deserve now, when you need it most. Speak to one of our helpful representatives today toll-free at 800-345-8500.