18 Jun Different types of legal funding
There are many different types of legal funding available to you. If you do not know what legal funding, lawsuit funding, or pre-settlement funding is, you are reading the right article. Below you will find out what legal funding is, how it works, and what types of legal funding are available depending on the type of lawsuit you are pursuing.
What is legal funding?
Legal funding has become increasingly popular in the United States in the last two decades. However, it may be a mystery to some people, and some may misunderstand it.
Because lawsuits vary on the time they take to conclude, from months to even years, a plaintiff may be in an awkward financial position while waiting for the case to settle. This is where a legal funding company takes over and resolves the plaintiff’s stressful and challenging situation.
A legal funding company such as Certified Legal Funding, provides pre-settlement cash advances concerning anticipated recoveries for personal and work-related injury claims and lawsuits. The amount of the cash advance depends on your needs and the recovery potential of your case.
Our advances can be used for any purpose, including living expenses, medical treatment, education, mortgage or rent payments, car loan payments, etc. They may provide the financial security necessary to resist the temptation to accept unreasonably low settlement offers and to achieve a more favorable resolution of your case.
Types of legal funding
Unfortunately, accidents happen everywhere, all the time, and sometimes they cannot be avoided. There are different types of lawsuit funding because there are different types of lawsuits that depend, in this case, on the accident that occurred. Here are some of the most common types of cases:
Motor vehicle accidents legal funding
Motor vehicle accidents happen frequently. A motor vehicle accident lawsuit covers any injury or property damage when the defendant was in a vehicle. This can include everything from a fender bender on the highway to a vehicle striking a pedestrian or bystander.
A motor vehicle pre-settlement cash advance can help you pay for everything you need while you wait for the settlement.
Pedestrian accidents legal funding
People in cars are not the only ones affected by car accidents. Pedestrians suffer injuries from car-related accidents all the time. If you were injured in this type of an accident and are unable to work due to your injuries, you can apply for pre-settlement funding so that you can support yourself and your family while waiting.
Worker’s compensation legal funding
Accidents while on the job also happen frequently. If you have been injured at work, you have the right to worker’s compensation. You probably will not be able to work, and your income will decrease, so the solution for you is to apply for the worker’s compensation legal funding and get your cash in 24 hours.
Slip/trip and falls legal funding
People slip and fall all the time. Whether it is because of ice, water, oil, or any other reason, it is possible to slip or trip and fall. Injuries caused by slip and falls can cause serious physical, mental and financial problems for the injured party and their family.
These types of injury claims can take quite a long time, so, again, your solution is to protect yourself while waiting for the settlement. Choose a lawsuit funding company and apply for slip and fall lawsuit funding.
Wrongful death legal funding
If you lost a loved one due to someone else’s negligent behavior, you are entitled to compensation. You may face many expenses after the death of a loved one, which can cause a massive financial burden. Wrongful death claims can be quite costly and take a long time, so it is best if you apply for a pre-settlement cash advance to, at least, be financially stable during this stressful period.
Product liability legal funding
When you are buying a product, you assume that it is safe and has been adequately vetted. However, this may not always be the case. Some products are defective and may be harmful. It is perfectly acceptable that you get compensated if a defective product harmed you.
The world needs to keep going for you, so while waiting for your compensation, you can apply for a product liability pre-settlement cash advance.
It is challenging to imagine what people who have been injured in accidents go through in their lives after the accident. It is even more complicated if the person is unable to work and has lost his/her income. Luckily, here at Certified Legal Funding, we understand the needs of plaintiffs in these situations, and we offer them legal funding while they’re waiting for their cases to settle.
If you were involved in any type of accident, as mentioned above, and need a personal injury attorney, please contact CLF for further details about your legal funding application. We offer many options for legal funding!