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Use Lawsuit Financing For Car Accident Lawsuits

    • 3 posts
    September 11, 2022 2:34 PM +05

    Stanley was certainly at the wrong place and at the wrong time. He had been driving home from work using the normal route. While on the highway, the car in front of him suddenly swerved left resulting in a collision. As a result, Stanley was severely injured and was unable to report to work for two months.

     

    Not only was his income affected, but he could barely afford to pay for his medical treatment.

     

    He filed a lawsuit through his injury lawyer against the reckless driver so that he would be compensated for his lost income, medical fees, and pain and suffering. Pending the lawsuit settlement, Stanley fell into a financial crisis and could not pay for rent. The legal expenses were mounting.

     

    Because of his temporary loss of income and average credit rating, the bank declined his application for a loan.

     

    The above is a familiar story that happens to many victims of car accidents. People like Stanley file a lawsuit to be compensated for their loss resulting from the accident. But they end up in a worse financial crisis due to the prolonged duration of the lawsuit. The loss of income, coupled with legal fees, medical fees, living expenses, and critical bills, forces them to accept lowball settlements to shorten the lawsuit and get back to their normal lives.

     

    Many people do not know that there is another option of financing or 'loan' for their lawsuits. This 'loan' does not involve the bank and is often called a lawsuit loan or lawsuit financing.

     

    Lawsuit financing is a cash advance from the lawsuit financing company, which allows the plaintiff to pay for their living expenses during the litigation. This lawsuit cash advance need not be repaid if the lawsuit is lost or abandoned. This means the cash advance need only be repaid with a fee if the plaintiff receives a settlement from the lawsuit.

     

    In addition, the conditions for applying for car accident loans are different from getting a bank loan. Lawsuit financing companies are not interested in your credit ratings or employment history. Instead, they review your case and advance your cash based on the likelihood of winning.

     

    In most cases of car accident injuries, the plaintiff would receive the settlement eventually. So, there should be no problems applying for a lawsuit cash advance.

     

    • 1 posts
    November 5, 2022 1:44 AM +05

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