Does this sound like your situation?
You were seriously injured in an auto accident due to a distracted driver. You were left with serious or debilitating injuries an unable to return to work. You have filed a lawsuit, but the medical bills are piling up, you need to replace your damage vehicle, your credit cards have reached their limits, and you are unable to return to work due to your injuries. You may even find it difficult to put food on the table. The insurance company extended an offer, but it is much less than your attorney says the case is worth. You wait, but the insurance company keeps delaying. You know they are trying to wear you down to accept the inadequate offer. But, how long can you wait. Financially desperate, you are considering taking their offer. Your attorney says to be patient; lawsuits take time, but time is not on your side. What can you do?
If you have enough credit available, you can certainly charge expenses on your credit cards. But, there is more to it than simply pulling one out of your wallet. There are monthly payments and accumulated interests. The longer it takes to pay of the credit card, the higher the interest and fees. Furthermore, the debt must be paid even if the case is lost.
Traditionally, banks and other financial institutions will not provide a loan against a pending lawsuit. Additionally, the application process is time consuming and requires good credit, employment, and collateral. Even if you are approved, banks require monthly. Again, despite the results of the lawsuit, the plaintiff must repay the bank loan.
Family and Friends
Although you can certainly borrow money from family or friends, this could be a tough option. While it may help you with your immediate financial needs, if you lose your case you may still owe the money borrowed or the inability to repay may damage an important relationship.
Litigation funding is a risk-free solution to obtaining fast cash while your lawsuit and/or settlement check is pending. Often times termed as a “lawsuit loan”, this cash advance is one of the safest ways to obtain immediate cash during a pending lawsuit. With this emergency cash advance, a plaintiff can not only pay the bills, but is able to withstand lengthy litigation process needed to receive a larger and fairer settlement. The fees associated with litigation funding will be higher than a traditional bank loan or the interest on credit cards because the lending company assumes all the risks. There are no monthly payments and should you lose your case, there is no obligation to repay the cash advance or associated fees.
If you are currently involved in a personal injury lawsuit, don’t wait another day for the financial relief you need. Call Litigation Funding Corporation if you need “no strings attached” financial support. We can typically make a funding decision within 24 – 48 hours because we approve cases base on case strength alone; your credit standing and employment history are never considered.