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When an individual or entity’s negligence causes injury to someone, the victim may choose to file a personal injury lawsuit against the responsible party. The physical and emotional damage the victim suffers can cause long-term adverse effects on your life, earning potential, and family. The reckless actions of one person or business can alter another person’s life forever.
Personal injuries can have an immense toll on victims and their families, including financial strain. When hospital bills, monthly expenses, and legal fees start to accumulate, these families may feel pressured to quickly settle a lawsuit and accept a lower offer than they deserve. The Legal Funding Group provides personal injury lawsuit loans that give families the funds they need to remain financially stable while they await a fair settlement offer.
In essence, our company gives the gift of time that can allow attorneys to fight for the highest amount of compensation possible for injured victims. These individuals should not be forced to worry about how to pay household bills and medical expenses after another person’s recklessness caused them injury. Because our approval process for funding is so quick and easy, we can seamlessly help personal injury victims receive the financial assistance they need in short order.
The Elements That Define Negligence
Most personal injury accidents are caused by negligence. Different states have varying laws, but plaintiffs are usually required to prove that a defendant acted negligently. This is accomplished by showing that the following elements existed:
- Duty – Proof must be given that a defendant owed a duty of care to the plaintiff. For example, if floor space in a store is wet, signs should be placed in this area warning of the danger, thus lowering the risk of someone falling. The store and its manager owe this duty to invitees.
- Breach of Duty – The victim must show evidence that the defendant failed to respond to the “risk threat” and breached the duty of care. For instance, if the store’s floor space stayed wet with no warning sign, this indicates a breach of duty.
- Causation – The victim must prove that the defendant’s breach of duty directly caused the injury.
- Damages – The victim must show that damages resulted from the breach and injury.
Value of Your Personal Injury Case
Several factors come into play when determining a personal injury lawsuit’s value. Your case’s value is determined by several factors, such as the circumstances surrounding the accident, type of injury, and insurance coverage limits. A lawsuit’s value is based upon:
- Medical Expenses – All medical expenses resulting from the injury may be included, such as doctor visits, hospital bills, medication, physical therapy, surgeries, medical equipment, etc.
- Loss of Wages – Wages for time away from work due to hospitalizations, recovery, or therapy sessions can be claimed. Additionally, any future loss of wages due to the inability to perform work duties to full capacity may be claimed. This also includes lost job advancements or promotions and can even cover lost income due to a forced career change caused by the injury.
- Property Damage – Damage to personal belongings caused by the incident may include automobiles, houses, and other associated repair or replacement costs.
- Pain and Suffering – The degree of pain and suffering one experiences after an injury accident can vary but may be claimed in a personal injury lawsuit.
- Emotional Suffering – Some personal injury accidents leave victims so traumatized that afterward, they suffer from severe emotional distress, anxiety, fear, or post-traumatic stress disorder. This kind of suffering may be included in the lawsuit.
- Loss of Relationship – Personal relationships with children, spouses, or parents are often disrupted and forever altered when a victim suffers an ongoing or permanent injury. When a husband and wife’s relationship is damaged due to injuries, loss of consortium can be claimed.
Waiting for Your Personal Injury Settlement
While the long process of a personal injury lawsuit drags on, plaintiffs may face mounting household bills and medical debts. A sense of desperation may descend, and the accident victim may be tempted to jump at the first opportunity to accept a low settlement amount. This is where The Legal Funding Group can help. We offer personal injury legal funding to plaintiffs whose pending lawsuits may be proceeding slowly. Many requests are approved in as little as 24 hours.
Accident victims are frequently relieved to find out that the advance funds are only required to be repaid if their lawsuit ends in their favor through a settlement or a jury award. If there is no win in the case, there is no repayment required.
Because accidents can devastate a family emotionally, physically, and financially, we are committed to helping alleviate some of their struggles. Cases may take years to resolve, and financial woes should not be allowed to add to the pain and suffering already being endured. Through a personal injury lawsuit loan, we can help lift the financial pressure.
Personal Injury Legal Funding Offers Financial Relief
There is no obligation to use the cash advance in any particular manner. You may use the funding for any of the following:
- Pay rent or mortgage payment
- Make car payments
- Pay medical expenses
- Pay legal fees
- Cover general living expenses
To determine if a personal injury lawsuit loan may be right for you, you need to ask yourself if any of the following conditions apply to your situation.
- You sustained severe injuries in an accident and lost wages from your job due to the accident.
- The insurance company is offering you a lower settlement for your damages than you deserve.
- You need quick, risk-free financial help immediately.
Types of Personal Injury Legal Funding
At any phase of the litigation process, we can offer personal injury legal funding. Some plaintiffs need money before a settlement is ever reached. Others find that they need the funds after settling but before the money is collected. If you received severe injuries in an accident, lost wages, received a low settlement offer from an insurer, and need quick financial help, these common funding types are offered:
Pre-settlement funding
During the months or years it can take to resolve an injury lawsuit and reach a settlement, the individuals involved can suffer devastating financial loss. Personal injury pre-settlement funding provides financial help allowing these individuals to pay everyday household expenses, legal fees, medical bills, and more.
Post-settlement funding
This option allows plaintiffs, whose cases have already been resolved, to stay financially solvent until the settlement funds are paid. Defendants may file for an appeal and further delay the payout.
Settlement cash advances
When a plaintiff is under severe financial stress, this option allows for a cash advance matching the full amount expected from the case’s final resolution.
Each of these legal funding options will NOT require submitting to a credit check for approval. Our legal funding options are approved based on the strength of the case at hand and not on your income or financial history.
Applying for Personal Injury Legal Funding
The following qualifications allow an individual to apply for a lawsuit loan:
- An attorney has been hired on a contingency fee basis
- Plaintiff has a valid claim against an insurance company or a self-insured entity
- Individual is over 18 years old
The Legal Funding Group invites anyone who has been injured in an accident and meets these qualifications to reach out to us for help applying to receive personal injury pre-settlement funding.