11 Dec How Legal Funding Helps You After a Car Accident
Accidents happen. And in the state of Florida, car accidents occur more frequently than you might think. So you should be prepared for how to deal with a car accident, especially if you’ve been injured. Besides being dangerous, car accidents can also be expensive, creating thousands of dollars in expenses. That’s why you should know about Certified Legal Funding, Tampa’s answer to low-cost cash advances and pre-settlement funding when accidents happen.
While car insurance covers some accident expenses, in many cases, plaintiffs are left to deal with financial challenges on their own. Considering that it can take months and years to reach a settlement, plaintiffs often settle for unfair offers just to make ends meet. Certified Legal Funding provides plaintiffs with a risk-free way to alleviate financial strain and negotiate fair settlements. Here is information you should know about how legal funding can help you after a car accident.
Funding for lawsuits is different from a bank loan.
A common misconception is that legal funding for lawsuits is just like a bank loan. But legal funding differs from bank loans in important ways. Legal funding, also known as certified funding, pre-settlement funding, or personal injury funding, is contingent on the outcome of the case. So that means if you don’t win your case, you don’t have to repay the cash. If you do win your case and are awarded a settlement, car accident loans are paid from the settlement.
Also, traditional loans require time-consuming credit checks. But even if you have a less than perfect credit score, you can still apply for legal funding. The only factors that impact your chances of getting approved are the specific circumstances of your case.
Legal finance loans can help you with expenses.
Car accidents can have long-lasting consequences, both physically and financially – beyond what qualifies as “pain and suffering.” From your medical bills to the cost of repairing damages to your car, the expenses keep piling on. Many plaintiffs are prevented from working because they have to deal with rehabilitation and recovery, which can lead to missed wages. But with pre-settlement funding, you get the relief you need sooner than later.
If you are hurt in a car accident and unable to work, the upcoming mortgage payment just adds stress to an already stressful situation. But living expenses also pile up, and bills don’t magically disappear simply because you have been injured. This is why pre-settlement accident lawsuit funding can be vital in regaining your financial freedom.
Pre-settlement accident lawsuit funding has no restrictions when it comes to how you can spend the funds. Remember, pre-settlement funding is basically an advance on your settlement. So it’s your money and yours to spend how you see fit. This may include legal fees, general living expenses, medical bills, rent payments, and car payments.
Find out more about legal funding for lawsuits in Tampa.
Certified Legal Funding offers low-cost cash advances and pre-settlement accident lawsuit funding to plaintiffs awaiting pending litigation or negotiations. We have already helped thousands of victims get relief when medical bills and living expenses pile up. Apply online today or call 800- 922-7439 toll-free to confirm if you qualify for legal funding loans.