Lawsuit Funding: When Pain and Suffering of an Auto Accident Goes Beyond the Physical

A woman and a child suffered serious injuries in a collision involving an alleged drunk driver.

An initial investigation revealed that the drunk driver crossed the yellow line and collided with the woman’s vehicle head-on. Following a preliminary investigation, the negligent driver was arrested and charged with aggravated driving while intoxicated. The crash remains under investigation.

The pain and suffering from an auto accident often goes beyond the physical and includes financial pain and suffering, especially if unable to work while recovering. For many, even after returning to work, there is a financial void that is hard to recover from until a settlement is reached. When the bills are not handled in a timely manner, it can result in late fees, disconnected services, foreclosure, eviction, even bankruptcy. This can negatively impact one’s credit score, as well. A plaintiff will most likely not be approved for a bank loan because banks do not recognize pending lawsuits as a viable asset. Without some other form of collateral or immediate means to repay the loan, a bank will not take the risk. Without another source of funds such as family or friends, plaintiffs will usually consider a less-than-favorable settlement. For these reasons, lawsuit funding has become important resource for plaintiffs.

Lawsuit funding is a non-recourse cash advance that provides immediate financial relief to plaintiffs who desperately need to take care of bills and expenses while their attorney does his job to obtain a full case settlement. Plaintiffs can receive an advance months -- and even years -- in advance of their case reaching a resolution and compensation being paid.

Lawsuit Financial specializes in pre-settlement auto accident lawsuit funding. Once we receive an application, one of our funding specialists will request case documentation from the plaintiff’s attorney. Our underwriters will evaluate the materials and determine whether funding can be extended. If approved, a contract is issued to be signed by the plaintiff and his/her attorney. There are no credit checks, employment verification, or monthly payments. We are repaid from the proceeds of the settlement, but if there is no recovery on the case, no repayment is required.

If you have been injured in an auto accident, or have a loved one who was injured or killed as the result of an auto accident, you should seek advice from an experienced attorney. After hiring an attorney, if you wish to learn more about the benefits of lawsuit funding, contact Lawsuit Financial at 1-877-377-7848.