Benefits of Personal Injury Lawsuit Funding

Ava Lawson | November 14th, 2012

Personal injury lawsuits can cause tremendous financial burdens on the plaintiff who is often overwhelmed with medical expenses during the litigation process, which may take years to resolve. In many cases, the situation is exacerbated when the injured party is unable to work. Personal injury victims frequently suffer serious disabilities, leading to huge medical bills and lost income – all compounded by monetary and emotional stress.

If you were the victim of someone else’s negligence and are involved in a pending claim but need your money now, personal injury lawsuit funding can help.

How does personal injury lawsuit funding work?

This type of lawsuit advance funding offers cash advances to plaintiffs against the future awards expected from their lawsuit. Plaintiffs are simply borrowing against what is already theirs in what’s known as a “non-recourse loan.” This means you only repay the cash advance if you win your lawsuit, and if your case doesn’t settle, there’s no obligation to you. Personal injury lawsuit funding through LawStreet Capital – a leading legal funding company – helps plaintiffs cover expenses until they receive the full settlement they deserve.

Types of personal injury lawsuit funding

Legal funding companies offer pre settlement funding for a wide variety of personal injury cases, including:

  • Car accidents
  • Construction accidents
  • Medical malpractice
  • Premises liability
  • Wrongful death
  • Truck accidents
  • Pedestrian injuries

Negligence is the most common form of liability in a personal injury lawsuit, and determining liability in some cases is relatively simple. In car accidents, if a driver runs a red light, or rear-ends another vehicle, he may be liable for injuries. Or, if a surgeon operates on the wrong body part, medical malpractice speaks for itself. Liability in other cases may be more complex to establish, which may extend the litigation process or undermine a plaintiff’s claim.

Advantages of personal injury lawsuit funding

A cash advance on your anticipated lawsuit settlement ensures that you receive a fair award rather than being forced into accepting a lower settlement due to financial strain. With lawsuit advance funding, you can avoid the threat of foreclosure and bankruptcy, or refinance an existing lawsuit advance to a lower rate. Use the funds to pay for whatever you like: medical bills, litigation fees, rehabilitation costs, rent, mortgage payments, and any other living expenses.

LawStreet Capital: a top legal funding company

We realize that litigation takes time, and our team of legal funding specialists is here to help you when you need it most. LawStreet Capital offers a simple application and next-day funding – with fast approval in just 24 hours. If you feel our services could benefit your situation, please complete the information to the right of your screen or call LawStreet Capital toll free at 800-345-8500.  The application is always free and there are no hidden costs.