No one ever anticipates being involved in a lawsuit. However, if you do find yourself as a plaintiff in a personal injury lawsuit, there are several things that you’ll discover rather quickly. Medical costs and all sorts of bills can all add up rather quickly. If you find yourself needing cash to pursue a personal injury lawsuit, you may want to consider litigation financing.
To file a lawsuit in a personal injury lawsuit, a good portion of money will likely need to be paid up front in the form of medical costs, lost wages, and transportation costs, as well as in continuing increments throughout the duration of your case. This can result in a huge financial drain that could leave you ill-equipped to deal with your other financial responsibilities.
When choosing a litigation funding company, the first thing to understand is that any cash advance received to assist in seeing your case through to the settlement phase is not and should not be considered a litigation loan. When a third-party like a litigation funding company agrees to help provide an advance in a legal matter, it is considered non-recourse funding. If you do not win your case, you need not pay anything back.
The money you receive can be used to help keep personal bills up to date and assist with any medical fees while the case is ongoing. It is non-recourse because unless you win your case, there is no obligation to repay the advance received. While this is a very basic overview of the way litigation financing works, it’s an option that can be beneficial for those involved in a personal injury lawsuit that could take some time before it is resolved and settled.
Litigation financing helps anyone who is financially unable to pursue a personal injury lawsuit claim to the end. Insurance companies have the resources to extend these kinds of lawsuits for an extended period of time. This pressures plaintiffs into settling early and receiving far less than the maximum possible settlement. A litigation funding company provides a valuable service to help level the playing field in legal matters and allows plaintiffs to effectively pursue justice. Contact LawCash, the nation’s premier pre-settlement funding company, to apply for litigation financing.