05 Nov What Can Pre-settlement Funding Companies Do for You?
It’s satisfying when you read about innocent victims winning enormous personal injury settlements in courts. The media usually portrays the fight as short and the justice as swift. But what many people fail to understand is that a long time can pass between filing a personal injury claim and actually getting the settlement money. While waiting, life happens, unexpected bills and expenses pile up, and the victims are left stranded waiting for their personal injury settlement.
The good news is that there are options if you are struggling to cover all your expenses while your personal injury case is in progress. The staff at Certified Legal Funding meet people looking for a lifeline on a daily basis. Here is information they have learned that can help you better understand the many benefits of pre-settlement funding companies.
Pre-settlement funding can alleviate financial worries.
Life itself can be difficult with bills, mortgages, and other living expenses. Being injured in an accident someone else caused only makes it more challenging. Unexpected medical bills, rehabilitation expenses, and missed wages are challenges the media rarely mentions when reporting on huge settlement wins. At the same time, these are challenges that face all plaintiffs.
Pre-settlement funding is a risk-free way of dealing with all of those regular and unexpected challenges alike. Additionally, unlike bank loans, you don’t have to repay legal finance loans if you lose your case.
Legal finance loans can buy you time.
Insurance companies and their attorneys ideally want plaintiffs to settle for the least amount of money possible. They are aware that plaintiffs are struggling to pay medical bills and cover living expenses after sustaining an injury, so they often draw out the lawsuit to get the victim to accept an unfairly low settlement.
Legal settlement loans, also known as pre-settlement funding, or certified funding, can help you pay your bills and medical expenses while your case is in progress. This means you don’t have to accept a settlement that is anything less than what you truly deserve. As a result, your attorney will have enough time to negotiate a fair settlement.
Funding for lawsuits can help you even if your credit score is less than perfect.
If you’ve ever obtained a bank loan, you know how complicated the process can get. From preparing endless paperwork to jumping through hoops to get an impeccable credit score, the list of requirements is staggering. But personal injury funding is different in several key aspects.
First, whether your application for personal injury funding is approved depends only on the circumstances of your case, not your credit score. This means you can apply even if your credit score is less than perfect.
Second, the application process is straightforward. In fact, the only thing Certified Legal Funding needs from you are your and your attorney’s contact details. After that, they work everything out with your attorney while you focus on your personal injury recovery.
Certified Legal Funding is committed to offering their clients the financial freedom they deserve while waiting for personal injury settlement resolution. To find out if you qualify for legal funding loans, call 800 922-7439.