When is Car Accident Legal Funding Right for You?

Katarina Siegfeld | June 15th, 2015

car accident ambulanceDid you know that more than 37,000 people die in auto crashes every year in the United States? Aside from fatalities, car accidents can also lead to hundreds of thousands of serious injuries and billions of dollars in damages ($820, on average, per person). The three leading causes of car accidents are drunk driving, speeding, and distracted driving. In many cases, victims in car accidents will need to file a personal injury lawsuit to recover damages when another driver’s negligent or reckless behavior has caused the accident.

Although some court cases can be settled quickly, others drag out for months or even years for a variety of reasons. In these cases, plaintiffs may need financial assistance to help them get by in the form of car accident legal funding. LawStreet Capital can provide hassle-free funding that can help your life stay on course as you work toward a resolution.

When could you use car accident legal funding?

Many car accident cases, particularly serious ones involving death or severe injury, take a long time to resolve. Paperwork and negotiations can take a surprisingly long time to complete. The more complicated an accident, the more various parties may need or want further investigations to make sure that the facts about the nature of the accident and resulting injuries are verified.

The longer a case takes to settle, the more your own expenses begin to pile up. You probably have medical and rehabilitation expenses; you may also be unable to work, leaving you without income or with reduced income. A substantial settlement should be able to resolve these problems, but as the clock continues to tick, you find yourself enduring hardship. Car accident settlement loans may be the best way to resolve your financial problems until a final settlement is reached.

How do car accident settlement loans work?

First of all, the word “loan” may not be the best way to describe the financial assistance available to you. A car accident settlement loan works more like a cash advance that does not have to be paid back unless you win your case. Therefore, you don’t have to worry about paying the loans back; whether your case works out in court or not, you are covered.

Once you are approved for a settlement loan at LawStreet Capital, you will receive an advance in your account within 24 hours.

There are different kinds of settlement loans that may be available to you. First, a “pre-settlement loan” will provide you with financial support in the period prior to the point where a settlement is actually reached. There are also “post-settlement loans” that are available to plaintiffs who have reached a settlement, but are awaiting the dispersal of the funds, but find that the dispersal has been delayed.

Industry leaders in legal funding

You may have more questions about how a car accident lawsuit funding works, and a representative from LawStreet Capital would be happy to answer your questions. Call toll-free, at any time, at 1-866-FUND-662.