Using Litigation Funding During a Car Accident Lawsuit
Being involved in a car accident can be incredibly stressful, and even debilitating. You may suddenly be faced with an onslaught of medical expenses due to your injuries. Your vehicle may need extensive repairs, or have to be replaced altogether. You may suddenly find yourself unprepared to manage daily living expenses. If you’re unable to work, the impact of lost wages can be especially burdensome with all the other bills piling up. If your injuries are severe, you may need to file a lawsuit and wait for your case to go to trial. It may take years for it to be resolved.
How Litigation Funding Can Help
That’s where litigation funding comes in, as it levels the playing field when you’re saddled with considerable expenses through no fault of your own. A pre-settlement financing company can provide the financial resources you need to catch up on bills and maintain a reasonable standard of living. You can use the money to meet your needs while you wait for your case to make its way through the judicial system. In the interim, lawsuit funding can help you cover a wide range of expenses, such as:
- Housing, including mortgage or rent payments, and home repairs
- Food, clothes, and other necessities
- School supplies and fees
- Miscellaneous costs, such as holiday or birthday gifts
- Vehicle repair or replacement costs, or paying for transportation to doctor’s appointments
- Medical procedures, including surgery
- Family obligations, such as caring for children or disabled relatives
How Litigation Funding Works
Litigation funding allows you to stay financially afloat while you wait for your case to be settled or go to trial. Otherwise, your circumstances may become so strained that you’re tempted to settle for less than you deserve. Known as “non recourse funding,” litigation financing is not a loan in the sense that you only have to pay anything back if you win or receive a favorable settlement.
At LawCash, we’ve been helping people recover from accidents with car accident funding for nearly 20 years, giving them dignity and peace of mind so they can focus on recovering and seeking justice. If you’ve been injured in a car accident because of someone else’s negligence and find yourself on shaky financial ground as a result, you may be eligible for lawsuit funding. Contact us to learn more or apply for pre-settlement funding today.