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Why You Need Litigation Funding If You Are Involved In A Personal Injury Lawsuit

A personal injury can be the result of a defective product, medical malpractice, slip and fall accident, or dangerous products, but the most common cause is an auto accident. When a personal injury occurs, the first step is to seek medical attention. Once you have done so, it is important to gather as much information applicable to your accident as possible, such as the names and contact information of any witnesses and photos of the accident scene. You should also retain all medical records and expenses.

Although the insurance company will determine a settlement in accordance with a “formula”, it may not be enough to compensate you adequately for your loss. To obtain the justice you deserve, it is important to contact an experienced attorney who can evaluate your claim and explain your rights. Even in a “cut and dry” case, a settlement could be years away.

In the meantime, you may struggle financially to pay the basic living expenses, such as groceries, mortgage, and car payments, as well as expenses associated with the accident, such as medical bills. Knowing you may be desperate to settle, the insurance company will make you a less-than-favorable offer. When in a time of significant financial need (when you are behind on the mortgage or car payments), you are likely to accept the offer. This can be a fatal mistake.

Litigation funding is financial assistance that will allow you to better withstand the lengthy legal process, keep your valuable assets safe, and give your attorney time to achieve the maximum settlement possible. This type of funding is NOT a loan. It is a non-recourse cash advance, meaning you repay the advance, plus fees, only if and when your case successfully settles. If you lose your case, the funding is completely waived; you owe us absolutely nothing and keep the advance. Another unique feature of litigation funding is that there are no credit checks or proof of employment required because approval for a cash advance is based solely on the strength of the lawsuit.

With litigation funding, there is no reason to settle your case prematurely due to pressing financial burdens. To find out if your case qualifies for litigation funding, complete the online application or call our office at 1-866-LIT-FUND.

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